Mitsubishi Electric Corporation has announced the status of its company stock repurchase program, in accordance with the Companies Act of Japan. The company’s board of directors approved the repurchase plan on April 28, 2023. However, the execution of the repurchases is subject to market conditions and other factors.
Mitsubishi Electric Corporation, a global leader in electrical and electronic equipment, has a rich history of more than 100 years in providing reliable and high-quality products. They operate in various sectors including information processing, communications, space development, consumer electronics, industrial technology, energy, transportation, and building equipment. The company reported a revenue of 5,003.6 billion yen (U.S.$37.3 billion) for the fiscal year ended March 31, 2023.
The details of the resolution approved by the board of directors on April 28, 2023, have not been disclosed. It is worth noting that the company may choose not to perform part or all of the planned repurchases depending on market conditions and other factors.
As of June 30, 2023, the company has not provided information on the total number and aggregate value of shares repurchased pursuant to the aforementioned resolution. The status of the repurchases remains undisclosed, leaving investors and stakeholders in anticipation of further updates.
Mitsubishi Electric Corporation continues to enhance society with its innovative technology and commitment to Changes for the Better. As a recognized leader in various industries, the company strives to meet the evolving needs of customers and contribute to a better future.
For more information about Mitsubishi Electric Corporation, please visit their official website at www.MitsubishiElectric.com.
Note: The information provided in this article is based on the announcement made by Mitsubishi Electric Corporation and its publicly available data. The company may provide updates on its repurchase program and other activities in the future, which should be considered for the latest information.
