Summary by Moomoo AI
Sony Group Corporation reported the status of its share repurchase program for October 2024. The company bought back 15,408,400 shares of its common stock for a total of 42,560,394,831 yen through open market purchases on the Tokyo Stock Exchange from October 1 to October 31, 2024.This repurchase is part of a larger program approved by Sony's Board of Directors on May 14, 2024. The program authorizes the repurchase of up to 150 million shares (post-stock split) or 250 billion yen worth of common stock, whichever comes first, between May 15, 2024, and May 14, 2025.As of October 31, 2024, Sony has repurchased a total of 88,756,400 shares (post-split adjusted) for 237,071,055,777 yen under this program. The company conducted a stock split effective October 1, 2024, which adjusted the maximum repurchase from 30 million to 150 million shares.
