- Today, Sony Group Corp (NYSE:SONY) disclosed the share repurchase plan amid improving capital efficiency and as a part of capital policy implementation.
- The company will buy back 25 million shares for a purchase price of ¥200 billion from May 18, 2023, to May 17, 2024.
- Apart from this, Sony introduced restricted shares and options as stock compensation plans and intends to curb share dilution.
- Last month, Sony reported fourth-quarter FY22 sales growth of 35% year-on-year to $23.16 billion, beating the consensus of $17.55 billion. Adjusted EPS of $0.97 beat the consensus of $0.45.
- Operating cash flow (excluding the Financial Services segment) stood at ¥415.5 billion in FY22.
- The company paid a dividend of ¥75 per share in FY22 and expects an interim dividend per share of ¥40.
- Also read: Sony Reveals PS5 Sales Numbers, Sets Sights On Historic 25 Million Units
- Price Action: SONY shares closed lower by 0.91% at $93.81 on Tuesday.
Arrow Electronics Has Signed An Agreement With Sunway Communication To Expand RF Connectivity Offering
Portfolio includes high-precision UWB solutions
Arrow Electronics (NYSE:ARW) has signed an agreement with Sunway Communication, a developer and manufacturer of components and modules for RF connectivity applications,
