Mitsubishi Estate : Notice Regarding the Status of Share Repurchase
March 01, 2023 at 03:36 am EST
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March 1, 2023
To whom it may concern:
Company name: Mitsubishi Estate Co., Ltd.
Representative:
Junichi Yoshida,
President and Chief Executive Officer
Securities code: 8802
Contact:
Motohiro Sato,
General Manager of
the Corporate Communications Department
Telephone:
+81-3-3287-5200
Notice Regarding the Status of Share Repurchase
（Repurchase of Shares under Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act）
Mitsubishi Estate Co., Ltd. (hereafter the "Company") announced today the status of repurchase its own shares under Article 156 which is applicable in accordance with Article 165, Paragraph 3 of the Companies Act. Details are as follows.
(1)
Class of shares repurchased
Common shares
(2)
Total number of shares repurchased
6,200,500 shares
(3)
Total amount of repurchase price
10,230,065,800 yen
(4)
Period of repurchase
From February 1, 2023 to February 28, 2023
(5)
Method of repurchase
Open market purchase on the Tokyo Stock Exchange
(Reference)
1. Details of resolution at the board of directors meeting held on November 10, 2022
(1)
Class of shares to be repurchased
Common shares
(2)
Total number of shares to be repurchased
70,000,000 shares (Maximum)
(5.29% of outstanding shares (excluding treasury stock))
(3)
Total amount of repurchase price
100 billion yen (Maximum)
(4)
Period of repurchase
From November 11, 2022 to November 10, 2023
(5)
Method of repurchase
Open market purchase on the Tokyo Stock Exchange
2. The total number of shares repurchased and total amount of repurchase price accumulated after the date of resolution at the board of directors meeting held on November 10, 2022 (as of February 28, 2023)
Total number of shares repurchased
21,038,900 shares
Total amount of repurchase price
36,611,251,050 yen
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Mitsubishi Estate Co. Ltd. published this content on 01 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 08:35:47 UTC.
Mitsubishi Estate Co., Ltd. specializes in development, promotion and management of real estate assets. Net sales (including intragroup) break down by activity as follows:
- management and operation of office buildings and shopping centres (55.2%);
- development, management and operation of residentials and condominiums (27.6%);
- real estate asset management (3.2%);
- other (5.2%): primarily hotel and airport management, real estate services (real estate brokerage, leasing, parking management, etc.) and engineering and construction of civil infrastructure.
The remaining net sales (8.8%) are from international real estate management and operation activities.
MITSUBISHI ESTATE CO., LTD. 
