Mitsubishi Motors to repurchase up to 149 million shares from Nissan, reducing Nissan’s stake to 24% while reinforcing Mitsubishi’s focus on capital efficiency and shareholder value.

Mitsubishi Motors Reacquires Shares from Nissan in Strategic Move

Mitsubishi Motors to repurchase up to 149 million shares from Nissan, reducing Nissan’s stake to 24% while reinforcing Mitsubishi’s focus on capital efficiency and shareholder value.

Mitsubishi Motors Corporation has announced plans to repurchase up to 149 million shares, equating to 10.02% of its total issued shares (excluding treasury shares), from Nissan Motor Co., Ltd.

This transaction will reduce Nissan’s stake in Mitsubishi Motors from 34.07% to around 24%. The purchase order, set at JPY 460.6 per share, will be processed through the Tokyo Stock Exchange’s ToSTNeT-3 off-auction trading system at 8:45 a.m. on November 8, 2024.

The decision aligns with Mitsubishi Motors’ strategic move to optimize capital efficiency and enhance shareholder returns, following a broader industry trend of reducing cross-shareholdings.

Despite this adjustment in shareholding, Mitsubishi Motors and Nissan affirm their ongoing commitment to collaborative projects through their Alliance, aiming to drive innovation and respond to evolving industry demands.

As part of the Renault-Nissan-Mitsubishi Alliance, Mitsubishi Motors specializes in SUVs, pickup trucks, and plug-in hybrid vehicles, with a strong focus on electrification. With the company aiming to reach a 100% electrified vehicle sales ratio by 2035, Mitsubishi continues to push toward a carbon-neutral future.

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