Sony Group (SONY) has released an update.
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Sony Group Corporation has concluded a repurchase of 4.53 million shares of its own common stock for approximately 12.93 billion yen, spanning from November 1 to November 25, 2024. Alongside this, Sony is set to cancel 93.29 million shares of treasury stock by December 3, 2024, aiming to maintain a treasury stock level below 3% of its total shares. This strategic move is indicative of Sony’s efforts to optimize its capital structure, potentially impacting shareholder value positively.
For further insights into SONY stock, check out TipRanks’ Stock Analysis page.
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