Скачать или смотреть [Japan Event] Sony Financial (8729 JP) Moves On From ToSTNeT-3 Buybacks, Now In the Market

SFGI starts on-market buybacks, leaves ToSTNeT-3 backstop behind. Now it is 2mm shares a day or more of buying. If ending by end-March, is more like 4.5mm shares/day.
by Travis Lundy on Sony Financial Group in Event-Driven

Key points:
1. Sony Financial Group (8729 JP) started ToSTNeT-3 buybacks last week and did one this week to jumpstart the buyback, cushioning the Nikkei 225 deletion on 29 Sep and subsequent overhang.
2. In three ToSTNeT-3 buybacks in 6 trading days spending ¥28.9bn, the company bought back 177.513mm shares or 2.5% of shares out, or about 6.2% of Max Real World Float (MRWF).
3. With ¥71.1bn left, at last that's 460mm shares, or 16.2% of MRWF. Over 10mos that is 1.62%/month. That will boost Mar26 DPS, Mar27 DPS projections, EPS, etc.

Before it's here it's on Smartkarma: https://skr.ma/4E6RV
More from Travis Lundy: https://skr.ma/HSQJg
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