Sony to buy back shares to boost capital efficiency

Sony Group Corporation (TSE:6758) today announced a share repurchase program, approved at a board meeting, aimed at enhancing capital efficiency. The company plans to buy back up to 30 million of its own shares, representing 0.50% of total shares outstanding excluding treasury stock. The total purchase amount is capped at 50 billion yen. The repurchase period is set to run from February 14, 2025, to May 14, 2025, with purchases conducted on the Tokyo Stock Exchange through a discretionary trading contract. Sony intends to offset dilution from stock compensation plans via the share buyback. As of January 31, 2025, Sony's total number of shares issued and outstanding (excluding treasury stock) was 6,026,104,040, with 123,706,605 shares held in treasury.