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Mitsui Fudosan to buy back up to ¥15B of common shares

Mitsui Fudosan Co. Ltd. will repurchase up to 7,500,000 of its common shares for a total maximum sum of ¥15 billion in the period from May 14 to March 31, 2019.

The proposed number of shares to be repurchased reflect a 0.76% portion of Mitsui's issued shares, excluding treasury shares.

Mitsui said the buyback will be conducted through open market purchases on the Tokyo Stock Exchange.

As of May 10, US$1 was equivalent to ¥109.58.