Mitsubishi Electric : Announces Cancellation of Treasury Stock
May 09, 2024 at 02:37 am EDT
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MITSUBISHI ELECTRIC CORPORATION
PUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo, 100-8310 Japan
FOR IMMEDIATE RELEASE
No. 3695
Investor Relations Inquiries
Media Inquiries
Corporate IR&SR Division
Public Relations Division
Mitsubishi Electric Corporation
Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Mitsubishi Electric Announces Cancellation of Treasury Stock
TOKYO, May 9, 2024 - Mitsubishi Electric Corporation(TOKYO: 6503) announced today its cancellation of treasury stock pursuant to the provisions of Article 178 of the Companies Act, as shown below.
1.
Class of shares to be cancelled:
Common stock
2.
Number of shares to be cancelled:
34,000,000 shares
(1.58% of total number of issued shares before the cancellation)
3.
Cancellation date:
May 31, 2024
(For reference)
1.
Total number of shares issued after the cancellation
2,113,201,551 shares
2.
Number of treasury stock after the cancellation
24,809,310 shares
Note: The number of shares to be cancelled is deducted from the number of treasury stock as of April 30, 2024. The number of treasury stock includes 1,807,321 shares held through the Board Incentive Plan (BIP) Trust.
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About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For more information, please visit www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2024
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Mitsubishi Electric Corporation published this content on
09 May 2024 and is solely responsible for the information contained therein. Distributed by
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09 May 2024 06:36:24 UTC.
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).
MITSUBISHI ELECTRIC CORPORATION 
