Toyota Motor Corp. announced on Tuesday that it is expanding its maximum amount allocated for share repurchases on the Tokyo Stock Exchange to ¥1.2 trillion ($8.3 billion) from ¥1 trillion previously. The maximum number of shares to be bought back increased from 410 million to 530 million, representing 3.93% of the total issued shares.
The repurchase period is set to end on April 30, 2025. The company currently has 13,469,568,708 issued shares, excluding treasury stock.
