Sony Group ( (SONY) ) has shared an announcement.
On March 5, 2025, Sony Group Corporation announced the status of its share repurchase program, which was approved by its Board of Directors on February 13, 2025. Between February 14 and February 28, 2025, Sony repurchased 1,749,000 shares of its common stock for a total of 6,602,926,000 yen through open market purchases on the Tokyo Stock Exchange. This repurchase is part of a larger plan to buy back up to 30 million shares, representing 0.50% of the total shares issued and outstanding, with a maximum expenditure of 50 billion yen, to be completed by May 14, 2025. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Sony Group
Sony Group Corporation is a multinational conglomerate based in Tokyo, Japan, primarily involved in the electronics, gaming, entertainment, and financial services industries. The company is well-known for its consumer electronics products, including televisions, audio equipment, and cameras, as well as its PlayStation gaming consoles and a wide range of entertainment content.
YTD Price Performance: 14.60%
Average Trading Volume: 3,719,629
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $147.9B
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