SONY · Sony Group Corporation

Sony's Board of Directors established a flexible share repurchase facility authorizing up to 230 million common shares, representing 3.89% of shares issued and outstanding excluding treasury stock, for a maximum of 500 billion yen over the next 12 months starting May 11, 2026. This program supports capital policy flexibility amid strategic investment opportunities, financial conditions, and stock price dynamics, while specifically addressing share dilution from restricted stock, units, and options in compensation plans. Repurchases will occur via open market transactions on the Tokyo Stock Exchange under a discretionary trading contract, with execution contingent on market conditions—potentially none or partial. Concurrently, Sony will cancel 184,494,319 treasury shares (3.0% of outstanding shares as of April 30, 2026) on May 29, 2026, reducing outstanding shares. This follows a policy shift from maintaining treasury stock at around 3% to a more optimized approach: retaining only shares needed for compensation deliveries and cancelling excess holdings. As of April 30, 2026, Sony held 241,749,496 treasury shares against 5,908,061,149 issued and outstanding. For investors, this signals strong capital return commitment, potential EPS accretion, and disciplined balance sheet management.