Mitsubishi Electric buys back $140m shares in July

Mitsubishi Electric Corporation bought back 6.6 million shares for 20.8 billion yen ($140 million) in July through Tokyo Stock Exchange trades.

The purchases are part of a larger program authorized in April to repurchase up to 60 million shares or 100 billion yen by October. The company has now bought back 16.6 million shares worth 50 billion yen under this program.