Sony Announces Significant Stock Repurchase

Sony Group (SONY) has released an update.

Sony Group Corporation has announced the repurchase of 3,761,200 of its own common stock shares, spending a total of 53.6 billion yen, as part of a broader buyback plan approved by its Board of Directors. The buyback, which took place from July 1 to July 31, 2024, is in line with the company’s strategy to enhance shareholder value. This repurchase is part of a maximum 30 million shares buyback program, amounting to a maximum of 250 billion yen, set to occur between May 15, 2024, and May 14, 2025.

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