LONDON: Toyota Motor Corporation (TMC) has announced that the company would repurchase 41 million shares of its common stock, which represents 1.46 percent of the total number of issued shares.

The JPY 250 billion repurchase of Toyota Motor Corporation (TMC) shares would begin from June 18, 2021 to September 30, 2021.

To promote  capital  efficiency,  TMC  will  flexibly  repurchase  its  common  stock  while comprehensively considering factors such as its investment in growth, level of its dividends, its cash reserves and the price level of its common stock.

The Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937.

Toyota Motor Corp share price

8,523 JPY +182 (2.18%)

12 May, 3:00 pm GMT+9 · Disclaimer