increase returns: Such buybacks boost returns on equity, a measure closely watched by investors, and improve the per share value of stocks by reducing the number of outstanding shares, according to The Japan Times. The efforts to increase returns to shareholders also come as the government is stepping up its campaign to have firms strengthen governance. Planned share buybacks for fiscal 2018 as of Sunday came to 6.7 trillion, about 50 percent more than the previous year's total, according to I-N Information Systems Ltd. ; The total is about 260 billion more than the previous record set in fiscal 2015, the financial data firm said. Soft Bank Group Corp. announced plans Feb. 6 to buy back 600 billion worth of its own shares. On Feb. 8, Sony Corp. announced plans to acquire 100 billion worth of its shares. The measure comes as the company's shares are heavily undervalued, Chairman and Chief Executive Officer Masayoshi Son said.
(news.financializer.com). As
reported in the news.
Tagged under increase returns, sony corp topics.