Sony : Notice Regarding the Status of Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)
June 05, 2024 at 11:37 am IST
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June 5, 2024
Sony Group Corporation
Notice Regarding the Status of Repurchase of Shares of Common Stock
(Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to
Article 459, Paragraph 1 of the Companies Act)
Sony Group Corporation ("Sony") announced today the status of the repurchase of shares of its own common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 34 of Sony's Articles of Incorporation, which was approved at the meeting of its Board of Directors held on May 14, 2024, as follows.
1. Class of shares repurchased:
Common stock of Sony
2.
Total number of shares repurchased:
674,200 shares
3.
Total purchase price for
8,521,438,486 yen
repurchased shares:
4.
Period of repurchase:
May 15, 2024 to May 31, 2024
5.
Method of repurchase:
Open market purchase through the Tokyo Stock
Exchange based on a discretionary trading contract
(For reference)
1. Details of resolution approved at the Board of Directors meeting held on May 14, 2024
（1）
Class of shares to be
repurchased
（2）
Total number of shares
to be repurchased*
（3）
Total purchase price for
repurchase of shares
（4） Period of repurchase
（5） Method of repurchase
Common stock of Sony
30 million shares（maximum）
（2.46% of total number of shares issued and outstanding (excluding treasury stock))
250 billion yen（maximum）
May 15, 2024 to May 14, 2025
Expected open market purchase through the Tokyo Stock Exchange based on a discretionary trading
contract
As described in the "Notice Regarding a Stock Split and Partial Amendment to Articles of Incorporation" released on May 14, 2024, Sony also approved at the same meeting of its Board of Directors held on May 14, 2024 to conduct a stock split. The total number of shares for repurchase shown in (2) above after the effective date of the stock split (October 1, 2024) will be 150 million shares (maximum).
2. Total number and purchase price of shares repurchased pursuant to the above-mentioned resolution of its Board of Directors (as of May 31, 2024)
（1）
Total number of shares
674,200 shares
repurchased
（2）
Total purchase price for
8,521,438,486 yen
repurchased shares
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Sony Group Corporation (formerly Sony Corporation) is a world leader in designing, manufacturing, and selling electronics and entertainment products. Net sales break down by activity as follows:
- game sales (28.9%): game consoles, softwares and consumables;
- sale of multimedia products (21.1%): televisions (37.3% of sales), mobile telecommunications equipment (18.8%), still and video cameras (17.7%), audio and video equipment (16.5%) and other (9.7%);
- music production and distribution (10.3%; Sony Music Entertainment);
- sale of imaging and sensing solutions (10.4%);
- cinematography production and distribution and TV broadcasting (8.4%): operating primarily on behalf of Sony Pictures and Columbia Pictures;
- other (2.4%).
The remaining sales (18.5%) are from financial services.
Net sales break down geographically as follows: Japan (32.9%), China (8.5%), Asia/Pacific (9.6%), the United States (23.9%), Europe (20.2%) and other (4.9%).
Sony : Notice Regarding the Status of Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)
SONY GROUP CORPORATION 
