TOKYO, Mar 18 (Pulse News Wire) – Mitsubishi Logistics Corporation (9301.T) announced today that it completed its share repurchase program based on a resolution made at the board meeting held on April 30, 2025. During the period from March 1, 2026, to March 17, 2026, the company purchased a total of 793,200 shares through open-market purchases on the Tokyo Stock Exchange.
The total cost of the repurchased shares was ¥1.104 billion. Additionally, the company finalized the number of shares to be canceled according to the provisions of Article 178 of the Companies Act. A total of 16,746,900 shares, representing 4.4% of the outstanding shares prior to cancellation, will be canceled. Following the cancellation, the total number of outstanding shares will be 362,135,395. The cancellation is scheduled to take place on March 31, 2026. --- In the board meeting held on April 30, 2025, Mitsubishi Logistics resolved to repurchase up to 33,000,000 shares, which would represent 9.2% of the outstanding shares excluding treasury shares.
The total value of the repurchase was capped at ¥20.00 billion. The repurchase period was set from May 1, 2025, to April 30, 2025. As of March 17, 2026, the company had cumulatively acquired 16,746,900 shares with a total value of ¥20.00 billion. Furthermore, the company plans to cancel all shares acquired during the aforementioned period on March 31, 2026. After the cancellation, the remaining number of treasury shares will be 18,560,534. It should be noted that this figure does not account for the potential reduction of up to 1,019,970 due to the planned disposal of restricted shares for employee stockholding associations on March 27, 2026.
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