Mitsubishi Electric to Buy Back Up to 200 Billion Yen in Shares and Cancel Treasury Stock

MT Newswires Live10-30 16:56

Mitsubishi Electric (TYO:6503) has resolved to repurchase up to 80 million common shares, or 3.91% of outstanding shares, excluding treasury stock, for a maximum of 200 billion yen.

The buyback will run from Nov. 1, 2026, to March 31, 2027, through market trades on the Tokyo Stock Exchange.

Separately, it has resolved to cancel 23 million treasury shares, equal to 1.09% of total issued shares before cancellation, on Nov. 30, according to a Tokyo bourse filing on Friday.

As of Sept. 30, Mitsubishi Electric had 2.05 billion shares outstanding excluding treasury stock and held 66.3 million treasury shares.

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