Sony Corp. has repurchased ¥4.25 billion of common stock throughout July under its ongoing buyback program announced in May.
The Japanese consumer electronics and entertainment giant bought back a total of 718,300 shares from July 1 to July 31 through open market purchases in the Tokyo Stock Exchange.
In June, Sony bought back ¥17.81 billion worth of shares.
Sony has so far repurchased 5,464,400 shares for a total purchase price of ¥29.57 billion under its plan to repurchase ¥200 billion worth of its common stock from May 17 to March 31, 2020.
The planned buyback of up to 60 million shares represents 4.8% of Sony's total issued and outstanding shares.
As of Aug. 1, US$1 was equivalent to ¥108.24.