Summary by Futu AI
Sony Group Corporation reported the status of its share repurchase program for September 2024. The company bought back 2,803,900 shares of its common stock for a total of 36,905,131,973 yen from September 1 to September 30, 2024. The repurchase was conducted through open market purchases on the Tokyo Stock Exchange based on a discretionary trading contract.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 (adjusted to 150 million post-stock split) or 250 billion yen, whichever comes first, between May 15, 2024, and May 14, 2025.As of September 30, 2024, Sony had repurchased a total of 14,669,600 shares for 194,510,660,946 yen under this program. The company implemented a stock split effective October 1, 2024, which adjusted the maximum number of shares for repurchase from 30 million to 150 million.