Mitsubishi Corporation Executes Major Share Buyback

Mitsubishi (JP:8058) has released an update.

Mitsubishi Corporation has actively repurchased its common stock on the Tokyo Stock Exchange, spending 74.9 billion yen to buy back 22.7 million shares in July 2024. This buyback is part of a larger plan, announced earlier in February, to repurchase up to 500 billion yen worth of shares, aiming for up to 417 million shares by the end of September 2024. This move represents about 5% of the total outstanding shares and underscores the company’s commitment to return value to its shareholders.

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