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Honda buys back ¥12B worth of shares

Honda Motor Co. Ltd. repurchased 3,923,300 shares of its common stock from Dec. 2, 2019, to Dec. 31, 2019, according to a Jan. 7 announcement.

The shares were bought back for a total consideration of ¥12.38 billion.

The transaction is part of the ¥100 billion share repurchase program that Honda announced Nov. 8.

Under the program, the company's board has authorized a buyback of up to 33,000,000 shares, which represents 1.9% of its total outstanding shares.

As of Dec. 31, 2019, the Japanese automaker has bought back 12,672,000 shares for a total consideration of ¥39.47 billion.

The program will run until March 31.

As of Jan. 7, US$1 was equivalent to ¥108.59.