Toyota expands share buyback plan to reflect share drop
REUTERS/EDGAR SU/FILE PHOTO
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan, in October 2019. Toyota Motor on Tuesday increased its share buyback plan through April 30 to up to 1.2 trillion yen ($8.31 billion) from 1 trillion yen in view of the latest share price.
TOKYO >> Toyota Motor on Tuesday increased its share buyback plan through April 30 to up to 1.2 trillion yen ($8.31 billion) from 1 trillion yen in view of the latest share price.
Toyota had decided on May 8 to buy back up to 410 million shares, or 3.04% worth of its outstanding shares excluding treasury shares.
The Japanese automaker’s shares have plunged 27% since then, closing at 2,617 yen on Tuesday.
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