Toyota Announces $5.2B Share Buyback From Japanese Banks And Insurers
Toyota Announces $5.2B Share Buyback From Japanese Banks And Insurers
In a significant strategic move, Toyota Motor Corp. (NYSE:TM) has announced plans to repurchase ¥806.8 billion ($5.2 billion) of its shares from key Japanese banks and insurers. The move is part of a broader strategy to untangle its shareholdings with financial partners.
作出重要戰略性舉措，豐田汽車（紐交所：TM）宣佈計劃從主要日本銀行和保險公司回購¥8068億（$52億）的股票。此舉是坦清與金融合作夥伴的股份關係更廣泛策略的一部分。
What Happened: The shares will be bought back from Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG), Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG), Tokio Marine Holdings Inc. (OTC:TKOMY), and MS&AD Insurance Group Holdings Inc. (OTC:MSADY) at ¥2,781 each, an 11% discount to their closing price on Tuesday, Bloomberg reported on Tuesday.
根據彭博社週二報道，這些股票將從三井住友金融集團股份有限公司（紐交所：MUFG）、三井住友金融集團股份有限公司（紐交所：SMFG）、東京海上控股株式會社（場外交易：TKOMY）和MS&AD保險集團控股株式會社（場外交易：MSADY）以每股¥2,781的價格回購，比周二收盤價低11%。
This move is part of a ¥1 trillion ($6.4 billion) repurchase plan announced by Toyota in May, aimed at satisfying the Japanese government's push for large corporations to unwind cross-held shareholdings. The deal could potentially trigger a broader wave of looser equity ties in Japan.
此舉是豐田在五月宣佈的一項¥1萬億（$64億）回購計劃的一部分，旨在滿足日本政府的推動，要求大型企業解決交叉持股的問題。這份交易有可能引發日本更廣泛的股權解耦浪潮。
Why It Matters: This strategic move is a response to the Japanese government's push for corporations to dismantle their extensive network of cross-held shares. Toyota's share buyback initiative, announced in May, is a significant increase from previous repurchases.
爲了響應日本政府的呼籲，而採取的這次戰略舉措，旨在讓企業拆除它們廣泛的交叉持股網絡。五月份宣佈的豐田股票回購計劃規模相當大，遠高於以前的回購計劃。
Toyota's shares have climbed 26% this year, following a 43% rally in 2023. The banks and insurers plan to divest their Toyota shareholdings over a few years, significantly reducing their stakes or divesting them entirely.
豐田的股票今年已經上漲了26%，緊隨2023年的43%漲幅。銀行和保險公司計劃在幾年內剝離它們的豐田股權，顯著削減其持股或完全出售。
Recently, Toyota has announced that its internal investigation into car model certification applications has not uncovered any further instances of misconduct, beyond those previously reported. This investigation was initiated in response to an industry-wide directive from the Japanese transport ministry, following a safety test scandal at Toyota's Daihatsu compact car unit.
最近，豐田宣佈其對汽車型號認證申請的內部調查未發現任何進一步的不當行爲，超出了之前的報道。這次調查是日本交通部行動指令的一部分，以回應豐田旗下戴斯汽車被曝光安全測試醜聞。
Furthermore, Toyota's electric vehicle (EV) sales quadrupled in the second quarter, with the company selling almost 250,000 hybrid and electric models. This represents a year-over-year rise of 63%, representing almost 40% of the group's total volume. EVs and PHEVs are undoubtedly Toyota's fastest-growing segment.
此外，豐田的電動汽車（EV）銷量第二季度增長了四倍，公司銷售了近25萬輛混合動力和電動車型。這代表了同比增長63%的年度增長，佔集團總成交量的近40%。EV和PHEV無疑是豐田增長最快的部分。
Price Action: Toyota Motor stock closed at $200.14 on Monday, according to Benzinga Pro.
價格行動：根據Benzinga Pro，豐田汽車股票週一收於$200.14。
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯