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Sony Undertakes Strategic Share Buyback in November 2024
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Sony Undertakes Strategic Share Buyback in November 2024

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An announcement from Sony Group ( (SONY) ) is now available.

Sony Group Corporation announced a significant share buyback operation, with a total of 4,530,900 shares repurchased amounting to approximately 12.93 billion yen during the month of November 2024. This repurchase is part of a larger plan approved by the Board of Directors to buy back up to 150 million shares by May 2025, reflecting the company’s ongoing strategy to enhance shareholder value. The stock repurchase was conducted in the open market through the Tokyo Stock Exchange and marks a progress of 62.19% of the overall plan, signifying Sony’s robust financial position and confidence in its market valuation.

More about Sony Group

Sony Group Corporation is a multinational conglomerate based in Tokyo, Japan, primarily engaged in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software. It also offers financial services through its financial service segment, and is a major player in the entertainment industry, including music and motion pictures.

YTD Price Performance: 17.74%

Average Trading Volume: 2,922,825

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $135.2B

See more insights into SONY stock on TipRanks’ Stock Analysis page.

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