Stock Repurchase Program

RNS Number:3725K
Mitsubishi Corporation
25 April 2003

Translation of report filed with the Tokyo Stock Exchange on April 25, 2003



                                                                  April 25, 2003



           Mitsubishi Corporation Announces Stock Repurchase Program

           (Pursuant to Article 210 of the Commercial Code of Japan)



Mitsubishi Corporation wishes to serve notice that at a meeting held today, the
Board of Directors approved a resolution to authorize a stock repurchase program
in accordance with Article 210 of the Japanese Commercial Code. The resolution
will be proposed at the Fiscal 2003 General Meeting of Shareholders scheduled
for June 27, 2003 (Friday), with details as follows:



1.     Rationale

The stock repurchase program will enable Mitsubishi Corporation to withhold its
shares as treasury stock, and to reissue or cancel them in accordance with its
financial strategies. This will give Mitsubishi Corporation greater flexibility
in response to shifting economic conditions.



2.     Details of Stock Repurchase Program

(1) Type of shares:

              Mitsubishi Corporation common stock

(2) Total number of shares authorized for repurchase:

              Up to 100,000,000 shares

(Representing 6.4% of shares issued and outstanding)

(3) Total value of shares authorized for repurchase:

              Up to 75.0 billion yen


(Note)

The above is subject to approval at the Fiscal 2003 General Meeting of
Shareholders scheduled for June 27, 2003 (Friday).



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