Marubeni announces progress on share repurchase program

Marubeni Corporation (TSE: 8002) today announced the progress of its share repurchase program, initially authorized by the Board of Directors on February 5, 2025. Between April 1, 2025, and April 30, 2025, the company repurchased 5,994,900 shares of its common stock at a total cost of JPY 13,446,413,700. This activity is part of a larger initiative, approved in February, to repurchase up to 30 million shares, representing approximately 1.8% of outstanding shares (excluding treasury stock), for a maximum aggregate amount of JPY 30 billion. The overall repurchase program is scheduled to continue until June 30, 2025. The share repurchases are being conducted in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Act, and the current repurchase brings the total number of shares repurchased under the February 5th resolution to 5,994,900 shares, for a total aggregate amount of JPY 13,446,413,700.