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Bridgestone buys back ¥19.41B worth of shares in July

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Bridgestone buys back ¥19.41B worth of shares in July

Bridgestone Corp. said Aug. 1 that it repurchased ¥19.41 billion worth of its common shares under its existing plan to buy back up to ¥200 billion worth of shares.

The Japanese tire and rubber manufacturer repurchased a total of 4,625,100 shares from July 1 to July 31.

Under the share buyback plan, Bridgestone plans to buy back 57,000,000 common shares by Dec. 23. It has so far repurchased 37,051,000 shares for a total consideration of ¥156.92 billion.

As of July 31, US$1 was equivalent to ¥108.60.