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Sony repurchases ¥4.25B shares in July

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Sony repurchases ¥4.25B shares in July

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.