Sony Group (SONY) has released an update.
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Sony Group Corporation has concluded a repurchase of 4.53 million shares of its own common stock for approximately 12.93 billion yen, spanning from November 1 to November 25, 2024. Alongside this, Sony is set to cancel 93.29 million shares of treasury stock by December 3, 2024, aiming to maintain a treasury stock level below 3% of its total shares. This strategic move is indicative of Sony’s efforts to optimize its capital structure, potentially impacting shareholder value positively.
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