Toyota Motor Corporation (NYSE:TM) shares are trading lower on Tuesday. The company disclosed that it has increased its share buyback plan to up to 1.2 trillion yen ($8.31 billion) from 1 trillion yen.
The company aims to repurchase up to 530 million shares, or 3.93% of its outstanding shares, excluding treasury shares.
The duration of the share buyback remains the same, from May 9, 2024, to April 30, 2025. The automaker’s move reflects the current stock price level and other factors.
Notably, the company resolved to ...
