Mitsubishi Electric Completes Stock Buyback

Mitsubishi Electric (JP:6503) has released an update.

Mitsubishi Electric Corporation has completed a repurchase of 817,900 shares of its common stock at a total cost of JPY 1,996,024,700. The buyback occurred over two days, from August 30 to August 31, 2024, executed through market trades on the Tokyo Stock Exchange. This repurchase is part of a larger plan approved by the Board of Directors to buy back up to 20 million shares for a maximum of JPY 30 billion by the end of October 2024.

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