Summary by Futu AI
Sony Group Corporation reported the status of its share repurchase program for July 2024. The company bought back 3,761,200 shares of its common stock for a total of ¥53,599,437,491 through open market purchases on the Tokyo Stock Exchange from July 1 to July 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 30 million shares (2.46% of outstanding shares, excluding treasury stock) or ¥250 billion, whichever comes first, between May 15, 2024, and May 14, 2025.As of July 31, 2024, Sony has repurchased a total of 7,116,100 shares for ¥97,331,130,991 under this program. The company also plans a stock split effective October 1, 2024, which will adjust the maximum number of shares for repurchase to 150 million after the split.