Mitsui completes share repurchase, announces stock cancellation

Mitsui & Co., Ltd. (TSE: 8031) announced the completion of its share repurchase program authorized on May 1 and September 11, 2024. As of February 26, 2025, the company repurchased a total of 122,138,700 shares at a total cost of ¥399.99 billion. Furthermore, Mitsui will cancel 64,058,700 shares of treasury stock on March 5, 2025, representing up to 2.16% of outstanding shares prior to cancellation, reducing the total outstanding shares to 2,905,248,272. The cancellation is based on shares repurchased from September 21, 2024, to February 26, 2025. An earlier tranche of 58,080,000 shares bought back between May 2 and September 20, 2024, was canceled on October 1, 2024. The company originally authorized the repurchase of up to 180 million shares for a maximum of ¥400 billion between May 2, 2024 and February 28, 2025.