Summary by Futu AI
Sony Group Corporation has released its Share Buyback Report for September 2024, detailing progress on its repurchase program. The company repurchased 2,803,900 shares for ¥36.91B during the month, bringing the total to 14,669,600 shares worth ¥194.51B since the program's inception on May 15, 2024.The buyback, authorized by the Board of Directors on May 14, 2024, allows for a maximum of 30 million shares or ¥250B to be repurchased by May 14, 2025. As of September 30, 2024, Sony has completed 48.9% of the targeted share count and 77.8% of the allocated funds. The company also reported disposing of 204,300 treasury shares, primarily through the exercise of stock acquisition rights.Sony conducted a stock split effective October 1, 2024, adjusting the maximum repurchase target to 150 million shares. As of September 30, 2024, Sony's total issued shares stood at 1,248,619,589, with 41,687,248 shares held in treasury.