Summary by Futu AI
Sony Group Corporation reported its share buyback activities for October 2024, repurchasing 15,408,400 shares for a total of ¥42,560,394,831. This brings the total repurchased shares to 88,756,400, representing 59.17% of the maximum 150 million shares authorized, and 94.83% of the ¥250 billion maximum amount allocated for the buyback program.The share repurchase program, approved by the Board of Directors on May 14, 2024, is set to continue until May 14, 2025. During October, Sony also disposed of 140,000 treasury shares due to the exercise of stock acquisition rights. As of October 31, 2024, Sony's total issued shares stood at 6,243,097,945, with 223,706,505 shares held as treasury stock.Notably, Sony implemented a five-for-one stock split effective October 1, 2024, with all share numbers reported post-split. The company continues to execute its buyback program through open market purchases on the Tokyo Stock Exchange based on a discretionary trading contract.