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Sony plans ¥100 billion buyback, it’s biggest ever, in wake of poor forecast and steep share drop

via The Japan Times    Feb 08, 2019
Credit : Bloomberg

Sony Corp. is buying back as much as ¥100 billion ($910 million) of its own stock, the electronics maker’s first large-scale repurchase.

The shares rose as much as 6.7 percent in early trading in Tokyo on Friday after the company announced the buyback, which starts Tuesday and will last through March 22.