Sony (NYSE: SONY) updates 500 billion yen share buyback plan
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Sony Group Corporation reported progress on its ongoing share repurchase program authorized by its Board of Directors on May 8, 2026. Between June 1 and June 30, 2026, Sony repurchased 18,006,700 shares of common stock for 60,216,974,617 yen through open market purchases on the Tokyo Stock Exchange under a discretionary trading contract.
This activity forms part of a larger authorization to buy back up to 230 million shares, equal to 3.89% of shares issued and outstanding excluding treasury stock, for a maximum total of 500 billion yen during the period from May 11, 2026 to May 10, 2027. As referenced, a total of 37,076,600 shares has been repurchased to date for 127,476,788,305 yen under this framework.
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Key Figures
June 2026 shares repurchased: 18,006,700 shares
June 2026 repurchase amount: 60,216,974,617 yen
Authorized maximum shares: 230 million shares
+4 more
7 metrics
June 2026 shares repurchased
18,006,700 shares
Common stock bought June 1–30, 2026
June 2026 repurchase amount
60,216,974,617 yen
Consideration for June 2026 buybacks
Authorized maximum shares
230 million shares
Board-approved buyback cap; 3.89% of issued shares
Authorized maximum amount
500 billion yen
Total yen cap for repurchase program
Program period
May 11, 2026 to May 10, 2027
Duration of buyback authorization
Total shares repurchased to date
37,076,600 shares
Cumulative under current framework
Total yen spent to date
127,476,788,305 yen
Cumulative consideration under current framework
Key Terms
repurchase of shares, discretionary trading contract, treasury stock, Companies Act of Japan, +1 more
5 terms
discretionary trading contract financial
"open market purchase through the Tokyo Stock Exchange based on a discretionary trading contract"
treasury stock financial
"3.89% of total number of shares issued and outstanding (excluding treasury stock)"
Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.
Companies Act of Japan regulatory
"pursuant to Article 459, Paragraph 1 of the Companies Act of Japan"
Articles of Incorporation regulatory
"Article 34 of Sony’s Articles of Incorporation"
A formal legal document filed with a government authority that creates a corporation and sets its basic rules — for example the company name, business purpose, how many ownership shares can exist, and who can receive legal notices. It matters to investors because it defines ownership structure, voting rights, and limits on liability, shaping who controls the company and how future shares or dividends can affect an investor’s stake; think of it as the company’s birth certificate and rulebook.
FAQ
What is the total yen amount SONY has spent on buybacks under the current authorization?
The notice shows total repurchases of 127,476,788,305 yen. This amount corresponds to 37,076,600 shares acquired under the current share repurchase framework authorized by Sony’s Board, providing a snapshot of progress within the larger 500 billion yen limit.