Toyota plans a ¥1 trillion share buyback to unwind strategic shareholdings with financial partners.
Toyota plans a ¥1 trillion share buyback, part of unwinding strategic shareholdings with financial partners, including Mitsubishi UFJ, Sumitomo Mitsui, Tokio Marine, and MS&AD Insurance. This move, aiming to improve capital efficiency and shareholder returns, may trigger broader equity ties loosening in Japan. Toyota will buy back 290.1 million shares for ¥806.8 billion ($5.14 billion) in a tender offer.
July 23, 2024
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