Sony Financial Group Executes 9.1 Billion Yen Share Buyback

MT Newswires Live

Oct 02

Newly-listed Sony Financial Group (TYO:8729) has completed a significant repurchase of its own common stock, buying back more than 57 million shares for 9.09 billion yen.

The transaction, executed on Thursday, was conducted off the open market using the Tokyo Stock Exchange's ToSTNeT-3 system, according to its Tokyo bourse filing on the same day.

The move is part of a larger, ongoing share repurchase program authorized by the company's board of directors, involving the buy back of up to 1 billion shares for a maximum of 100 billion yen.

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