Honda Completes Share Buyback for ¥30 Billion
Ticker: HNDAF · Form: 6-K · Filed: Apr 9, 2024 · CIK: 715153
| Field | Detail |
|---|---|
| Company | Honda Motor CO LTD (HNDAF) |
| Form Type | 6-K |
| Filed Date | Apr 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, company-update
TL;DR
Honda just bought back ¥30B in stock, finishing up April 8th.
AI Summary
Honda Motor Co., Ltd. announced on April 9, 2024, the completion of its previously disclosed share repurchase program. The company acquired 15,000,000 shares of its common stock for a total cost of ¥30,000,000,000, which concluded on April 8, 2024.
Why It Matters
This share repurchase indicates Honda's confidence in its valuation and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a completed share repurchase, with no new material risks introduced.
Key Numbers
- ¥30.0B — Share Repurchase Cost (Total amount spent by Honda on acquiring its own shares.)
- 15.0M — Shares Repurchased (Number of Honda's own shares bought back as part of the program.)
Key Players & Entities
- HONDA MOTOR CO., LTD. (company) — Filer
- ¥30,000,000,000 (dollar_amount) — Total cost of share repurchase
- 15,000,000 (dollar_amount) — Number of shares repurchased
- April 8, 2024 (date) — Completion date of share repurchase
- April 9, 2024 (date) — Filing date
FAQ
What was the total cost of Honda's completed share repurchase program?
The total cost of the share repurchase program was ¥30,000,000,000.
How many shares did Honda acquire in this buyback?
Honda acquired 15,000,000 shares of its common stock.
When did the share repurchase program officially conclude?
The acquisition of the company's own shares was completed on April 8, 2024.
What is the filing date of this report?
This Form 6-K was filed on April 9, 2024.
What type of filing is this report?
This is a Form 6-K report of a foreign private issuer.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-04-09 06:01:49
Filing Documents
- d796426d6k.htm (6-K) — 19KB
- 0001193125-24-089887.txt ( ) — 20KB
From the Filing
Form 6-K No.1-7628 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF APRIL 2024 COMMISSION FILE NUMBER: 1-07628 HONDA GIKEN KOGYO KABUSHIKI KAISHA (Name of registrant) HONDA MOTOR CO., LTD. (Translation of registrants name into English) 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Contents Exhibit 1: Notice Concerning Result and Completion of Acquisition of the Companys Own Shares (Acquisition of the Companys own shares pursuant to the Articles of Incorporation of the Company in accordance with Article 459, Paragraph 1 of the Company Law) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. HONDA GIKEN KOGYO KABUSHIKI KAISHA ( HONDA MOTOR CO., LTD. ) /s/ Sumihiro Takahashi Sumihiro Takahashi General Manager Finance Division Honda Motor Co., Ltd. Date: April 9, 2024 [Translation] April 9, 2024 To: Shareholders of Honda Motor Co., Ltd. From: Honda Motor Co., Ltd. 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, 107-8556 Toshihiro Mibe Director, President and Representative Executive Officer Notice Concerning Result and Completion of Acquisition of the Companys Own Shares (Acquisition of the Companys own shares pursuant to the Articles of Incorporation of the Company in accordance with Article 459, Paragraph 1 of the Company Law) Honda Motor Co., Ltd. (the Company) acquired its own shares pursuant to Article 459, Paragraph 1 of the Company Law and Article 36 of the Companys Articles of Incorporation, which was announced on February 8, 2024, as follows. As a result of the acquisition, all the acquisitions of the Companys own shares that were authorized under the resolution at the meeting of the Board of Directors of the Company held on February 8, 2024 have been completed. Particulars 1. Class of shares acquired: Shares of common stock 2. Total number of shares acquired: 6,763,900 shares 3. Total amount of shares acquired: 12,501,300,200 yen 4. Period of acquisition: Started on April 1, 2024 and ended on April 8, 2024 (based on a contract date) Reference: Details of the resolution at the meeting of the Board of Directors held on February 8, 2024 (1) Class of shares to be acquired: Shares of common stock (2) Total number of shares to be acquired: Up to 34,000,000 shares (0.7 % of the total number of issued shares (excluding treasury stock)) (3) Total amount of shares to be acquired: Up to 50 billion yen (4) Period of acquisition: Starting on March 1, 2024 and ending on April 30, 2024 (5) Method of acquisition: Market purchases on the Tokyo Stock Exchange 1. Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) 2. Market purchases based on a discretionary trading contract regarding acquisition of own shares Progress as of April 8, 2024 Total number of shares acquired: 27,653,700 shares Total amount of shares acquired: 49,999,910,550 yen