Marubeni completes share repurchase program, acquiring 9.59m shares

Marubeni Corporation (TSE: 8002) announced the completion of its share repurchase program, initiated following board resolutions on February 5, 2025, and May 2, 2025. The company repurchased a total of 9,586,400 shares of its common stock, at an aggregate cost of JPY 23,347,948,850. The buyback, conducted under Article 165 of the Companies Act of Japan, aimed to enhance shareholder value. From May 1, 2025, to May 31, 2025, Marubeni acquired 3,591,500 shares at a total cost of JPY 9,901,535,150. This latest buyback is part of a broader plan approved earlier this year that authorized the repurchase of up to 70 million shares, representing approximately 4.2% of outstanding shares (excluding treasury stock), with a total budget of JPY 70 billion, lasting from February 6, 2025, to January 30, 2026. The repurchased shares have been retired.