Sony Corp announced on Friday a share buyback of 100 billion yen ($910 million) - its first ever aimed at boosting shareholder returns - sending the Japanese electronics and entertainment company`s shares up more than 5 percent.
Sony said the buyback, to be conducted through March 22, would be equivalent to 2.36 percent of its outstanding stock.
The announcement comes a day after SoftBank Group Corp`s shares jumped 17 percent after the Japanese tech investment giant unveiled a record share buyback.
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Updated: Fri, Feb 08, 2019
06:00 AM IST
06:00 AM IST
Reuters