Toyota expands share buyback plan to reflect share drop
TOKYO: Toyota Motor on Tuesday increased its share buyback plan through Apr 30 to up to ¥1.2 trillion (US$8.31 billion) from ¥1 trillion in view of the latest share price.
Toyota had decided on May 8 to buy back up to 410 million shares, or 3.04 per cent worth of its outstanding shares excluding treasury shares.
The Japanese automaker's shares have plunged 27 per cent since then, closing at ¥2,617 on Tuesday.
Source: Reuters