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About Mitsubishi Electric Corporation With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its Changes for the Better. The company recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion ) in the fiscal year ended March 31, 2021. For more information, please visit www.MitsubishiElectric.com U.S. dollar amounts are translated from yen at the rate of \111=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021
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Mitsui & Co., Ltd. Notification of Progress and End of Stock Repurchase
At the meeting of the Board of Directors held on February 24, 2021, Mitsui & Co., Ltd. (“Mitsui”) resolved to repurchase its stock in accordance with Article 156 and Article 165(3) of the Companies Act of Japan. Mitsui today reported the progress of stock repurchase and announced the end of the stock repurchase pursuant to the resolution above with the following details:
Progress of stock repurchase:
(2) Number of shares repurchased: 10,776,800 shares
(3) Total amount: 24,632,241,699 yen
(4) Period: From April 1, 2021 to April 26, 2021
(5) Repurchase method: Auction market on Tokyo Stock Exchange
[Reference]
1.Details of stock repurchase resolved at the meeting of the Board of Directors held on February 24, 2021.
(Reference) 1. Details of the resolution to purchase the Company s own shares ratified at the Board of Directors meeting held on November 10, 2020 (1) Class of shares to be purchased Common stock of the Company (2) Total number of shares to be purchased 18,000 thousand shares (maximum) (9.32% of total shares issued and outstanding (excluding treasury stock)) (3) Total amount of purchase cost 10 billion yen (maximum) (4) Period of purchase From November 16, 2020 to November 15, 2021 2. Cumulative number of own shares purchased in accordance with the aforementioned resolution up to February 28, 2021 (1) Total number of shared purchased 5,531,200 shares (2) Total amount of purchase cost 4,059,028,700 yen
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