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Sony Group Completes Major Share Buyback

Sony Group Completes Major Share Buyback

Sony Group (SONY) has released an update.

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Sony Group Corporation has announced the completion of a share repurchase program, buying back 4,749,600 shares of common stock at a total cost of 60.27 billion yen between August 1 and August 31, 2024. This repurchase is part of a larger plan, approved by Sony’s Board of Directors, to buy back up to 30 million shares, representing 2.46% of total issued shares, for a maximum expenditure of 250 billion yen by May 2025.

For further insights into SONY stock, check out TipRanks’ Stock Analysis page.

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