Marubeni : Notice Regarding the Progress of Share Repurchases
January 03, 2023 at 11:58 pm
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[Translation]
January 4, 2023
To Whom It May Concern:
Company Name:
Marubeni Corporation
(URL
https://www.marubeni.com/en/)
TSE Code:
8002
Listed:
Tokyo Prime
Representative:
Masumi Kakinoki
President and CEO, Member of the Board
Contact:
Hirofumi Furuya
General Manager, Media Relations Sec.
(TEL
+81-3-3282-2112)
Notice Regarding the Progress of Share Repurchases
Marubeni Corporation, at the meeting of the Board of Directors held on November 4, 2022, resolved to repurchase shares of its common stock pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Act. The progress of the share repurchases is as follows:
(1)
Class of shares repurchased:
Common stock
(2) Total number of shares repurchased:
7,146,400 shares
(3) Aggregate repurchased amount:
11,014,208,050 yen
(4)
Period for repurchases:
From December 1, 2022 to December 31, 2022
(Reference)
1. Details of the resolution at the Board of Directors meeting held on November 4, 2022
(1)
Class of shares to be repurchased:
Common stock
(2)
Total number of shares to be repurchased:
Up to 35 million shares (Ratio to the number of
outstanding shares (excluding treasury stock): about
2.0%)
(3) Aggregate repurchase amount:
Up to 30 billion yen
(4)
Period for repurchases:
From November 7, 2022 to January 31, 2023
2. Total number of shares repurchased pursuant to the resolution and total amount of repurchases
(1)
Total number of shares repurchased:
14,706,400 shares
(2) Aggregate repurchased amount:
22,258,488,300 yen
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Disclaimer
Marubeni Corporation published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2023 23:57:08 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
