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Sony Group ( (SONY) ) has shared an update.
On February 13, 2025, Sony Group Corporation announced the establishment of a facility to repurchase up to 30 million shares of its own common stock, amounting to a maximum of 50 billion yen. This strategic move aims to enhance capital efficiency, address stock dilution from compensation plans, and adapt to market conditions. The repurchase will occur between February 14 and May 14, 2025, through open market purchases on the Tokyo Stock Exchange. This decision reflects Sony’s focus on optimizing its capital policy and adapting to the business environment.
More about Sony Group
Sony Group Corporation is a multinational conglomerate headquartered in Tokyo, Japan. It operates in various industries including electronics, gaming, entertainment, and financial services. Sony is known for its consumer electronics products such as televisions, cameras, and audio equipment, as well as its PlayStation gaming consoles. The company also has a significant presence in the music and film industries.
YTD Price Performance: 4.17%
Average Trading Volume: 3,394,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $133.6B
For an in-depth examination of SONY stock, go to TipRanks’ Stock Analysis page.
