Itochu : Announcement Regarding the Status of Repurchase of Own Shares
September 01, 2023 at 12:54 am
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September 1, 2023
This document is an English translation
of a statement written originally in Japanese. The Japanese original should be considered as the primary version.
ITOCHU Corporation
(Code No. 8001, Prime Market)
Representative Director and President and Chief Operating Officer: Keita Ishii
Contact: Suguru Amano
General Manager, Investor Relations Division (TEL. +81-3-3497-7295)
Announcement Regarding the Status of Repurchase of Own Shares
(Repurchase of the Company's shares in accordance with the Articles of Incorporation under
Article 165, paragraph 2 of the Companies Act)
ITOCHU Corporation ("ITOCHU") decided at the meeting of the Board of Directors held on August 4, 2023 to repurchase own shares in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act of Japan. ITOCHU hereby announces the status of the repurchase as follows.
Progress of the repurchase until August 31, 2023
Type of shares repurchased: Common stock of ITOCHU
Total number of shares repurchased: 2,473,600 shares
Total amount: 13,705,909,700 yen
Period: From August 7, 2023 to August 31, 2023
(Reference)
Details of the repurchase resolved by the Board of Directors on August 4, 2023
Type of shares to be repurchased: Common stock of ITOCHU
Total number of shares to be repurchased: 5,500,000 shares (maximum)
(Proportion of the total number of shares issued excluding treasury stock: approximately 0.4%)
Total amount: 25,000,000,000 yen (maximum)
Period: From August 7, 2023 to September 30, 2023
Methods of repurchase: Purchases on the Tokyo Stock Exchange
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Itochu Corporation published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 23:53:09 UTC.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
ITOCHU CORPORATION 
