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Sony Group ( (SONY) ) has issued an update.
Sony Group Corporation announced the completion of a share buyback program that took place from December 1 to December 31, 2024. The company repurchased a total of 93,287,300 shares, amounting to nearly 250 billion yen, as part of a resolution approved by its Board of Directors on May 14, 2024. This buyback, which followed a five-for-one stock split in October 2024, reflects Sony’s efforts to enhance shareholder value and adjust its capital structure. The repurchase was part of a previously disclosed plan and has implications for the company’s stock liquidity and financial strategy.
More about Sony Group
Sony Group Corporation is a multinational conglomerate headquartered in Tokyo, Japan, primarily engaged in the electronics, gaming, entertainment, and financial services industries. The company is known for its diverse range of products including consumer electronics, video games, and films, with a strong focus on innovation and market leadership in its key sectors.
YTD Price Performance: -4.17%
Average Trading Volume: 3,049,292
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $125.5B
For a thorough assessment of SONY stock, go to TipRanks’ Stock Analysis page.
