Sony Group Corporation (SONY) has released an update.
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Sony Group Corporation has announced a plan to repurchase up to 30 million shares of common stock, aiming to enhance capital efficiency and support stock compensation plans while mitigating dilution from such schemes. The buyback, which represents a maximum of 2.46% of Sony’s outstanding shares excluding treasury stock, has a cap of 250 billion yen and is scheduled to occur between May 15, 2024, and May 14, 2025. The repurchases will be executed through open market transactions on the Tokyo Stock Exchange, subject to market conditions and strategic investment opportunities.
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