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Toyota buys back additional 15.4 mil. shares.

NAGOYA, June 12 Kyodo

Toyota Motor Corp. said Thursday it has bought back an additional 15.4 million shares for 45.8 billion yen under its share buyback program unveiled last June.

This brought cumulative purchases under the program to some 170 million shares worth 499.2 billion yen, completing purchase targets under the program, Toyota said.

Under the program, Toyota was to buy back up to 170 million shares under a repurchase limit of 600 billion yen.

Toyota has also announced plans to buy back up to 150 million shares or spend up to 400 billion yen to buy back its own shares over a one-year period starting June 1 to enhance capital efficiency and make it possible to pursue agile capital management in response to the business environment.
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Publication:Japan Transportation Scan
Geographic Code:9JAPA
Date:Jun 16, 2003
Words:130
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