Mitsubishi Corporation Advances Share Buyback

Mitsubishi (JP:8058) has released an update.

Mitsubishi Corporation has actively pursued its share buyback program, repurchasing 25,042,800 shares for a total cost of 72.5 billion yen in August 2024. This buyback is part of a larger plan, announced in February, to acquire up to 417 million shares, amounting to a maximum of 500 billion yen, by the end of September 2024. These moves reflect the company’s strategic efforts to manage its capital and potentially enhance shareholder value.

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