Toyota Motor Corporation spent ¥86.5bn buying back its own shares in August, moving through 8.65% of the ¥1tn ceiling set by its board on August 4. The board authorized repurchases of up to 500 million shares, worth up to ¥1tn, over a year running from August 5, 2026 to August 4, 2027. In the first month of that window, Toyota bought 28,211,700 shares across twelve separate trading days between August 14 and August 31, ranging from roughly 2.23 million to 2.56 million shares a day. That leaves the company 5.64% through the share-count cap and 8.65% through the value cap, a faster pace on the yen side than on the share-count side, reflecting the price paid per share during the month.
| Action | Shares | Value | Timing |
|---|---|---|---|
| Share repurchases | 28,211,700 | ¥86.5bn | 12 trading days, Aug 14-31 |
| Treasury-share disposal (solicitation of takers) | 1,154,400 | ¥3.44bn | Aug 25 |
| Cumulative program progress | 5.64% of share cap | 8.65% of ¥1tn value cap | As of Aug 31 |
Separate from the buying, Toyota disposed of 1,154,400 treasury shares for ¥3.44bn on August 25 through a solicitation of takers, the disposal category the filing uses for shares taken up by parties willing to acquire them. The filing does not name the recipients. No treasury shares were cancelled, transferred in a merger or share exchange, or issued against stock-option exercises during the month.
As of August 31, Toyota held 2,775,298,059 treasury shares against 14,594,987,460 shares issued, a figure that excludes stock held by the company's employee stock-ownership trust. Toyota's stated reason for the pace of buying is standard boilerplate: management cites market valuation and the current share-price level as grounds for what it calls agile repurchase execution aimed at improving capital efficiency. The filing is a routine monthly status report required under the Financial Instruments and Exchange Act, not a new authorization; the ¥1tn ceiling and the one-year window were both set back in August.