Latest Tokyo Brief coverage on SONY GROUP CORPORATION, tracking filings, financial news, and market signals from Japan.
TSE:6758
Sony Group spent ¥26.0bn buying back 6.89 million of its own shares in September, taking cumulative purchases under its ¥500bn authorization to ¥263.4bn as of September 30.
Sony Group spent ¥43.48bn repurchasing shares in August, bringing its ¥500bn buyback authorization to 47.47% completion by value and 29.38% by share count, with the program running through May 2027 and more than half the authorized spending still available.
Sony Music Entertainment will buy a 23.29% voting stake in GungHo Online Entertainment for ¥28.6bn from asset manager SON Financial, taking over as the mobile-game maker's largest shareholder, with veto rights limited to share moves that would dilute its stake below 22.65% before the deal closes in December.
Sony Group has already spent ¥193.9bn, nearly two-fifths of its ¥500bn buyback ceiling, after roughly three months of a twelve-month program that runs to May 2027.
A 40% jump in quarterly operating profit, driven by image sensors and PlayStation, let Sony raise its full-year profit target to ¥1.72tn, but the new guidance still leaves out any hit from the July earthquake that shut its Kumamoto chip plant.
Current holdings disclosed by tracked funds.