The share repurchase plan launched by Sony in April 2021 has been fully completed. The plan was completed on April 28, 2022, and 8206900 shares were repurchased with 97381577700 yen (about RMB 4.94 billion). Sony disclosed the results and details of the stock repurchase on the investor relations website in the form of icons on May 2.
According to the table, Sony's stock repurchase plan will be implemented after the resolution of the board of directors is passed on April 28, 2021, and will be completed within one year. In this plan, Sony did not pursue the previously reported repurchase ceiling of 200 billion yen.
After the completion of Sony's stock repurchase, the company's current share price is lower than that of the same period last year. Sony's share price started at $99 in May 2021 and reached a high of about $134 in January 2022. Now its share price has fallen to $85.
Sony's share price decline is affected by many factors, such as supply chain problems and the consequent shortage of ps5 supply, which may last until 2024.
However, PlayStation has other highly anticipated actions this year, such as the new PS plus subscription service of benchmarking XGP and the next generation PSVR 2 headset, but the latter has jumped to 2023. Sony Pictures also has big IP this year, such as the film version of mysterious sea, spider man and the last survivor.
Sony's most watched trend this year is their acquisition target, and many investors are waiting to see.