Tranche Update on Mitsubishi Electric Corporation's Equity Buyback Plan announced on April 28, 2023.
January 10, 2024 at 12:00 pm IST
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From October 1, 2023 to December 31, 2023, the company has repurchased 6,787,500 shares, representing 0.32% for ¥12,891.58 million. With this, the company has completed the repurchase of 19,436,100 shares, representing 0.92% for ¥37,110.07 million under the buyback announced on April 28, 2023.
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).