Mitsubishi Logistics to cancel 9.3m shares

Mitsubishi Logistics Corporation announced today the completion of its share repurchase program, initiated on October 31, 2024. The company acquired 1,242,100 of its own common shares between March 1, 2025, and March 17, 2025, at a total cost of ¥1,248,658,470, through market purchases on the Tokyo Stock Exchange. Following the buyback, the company will cancel 9,315,400 shares of its common stock, representing 2.4% of its pre-cancellation outstanding shares. The cancellation is scheduled for April 14, 2025, reducing the total number of outstanding shares to 378,882,295. As of March 17, 2025, after the cancellation, Mitsubishi Logistics will hold 18,654,379 shares in treasury.