Honda Buys Back Shares for ¥2.25 Billion
Ticker: HNDAF · Form: 6-K · Filed: Sep 18, 2024 · CIK: 715153
| Field | Detail |
|---|---|
| Company | Honda Motor CO LTD (HNDAF) |
| Form Type | 6-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-return
TL;DR
Honda just bought back 1.5M shares for ¥2.25B. Bullish.
AI Summary
Honda Motor Co., Ltd. announced on September 18, 2024, the results of its acquisition of its own shares through ToSTNeT-3. The company acquired 1,500,000 shares, representing approximately 0.15% of its total outstanding shares, at an average price of ¥1,500 per share, for a total cost of ¥2,250,000,000.
Why It Matters
Share buybacks can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a share repurchase, which is a common corporate action with limited immediate risk.
Key Numbers
- ¥2.25B — Share Buyback Cost (Total amount spent by Honda on repurchasing its own shares.)
- 1.5M shares — Shares Repurchased (The quantity of Honda's own shares acquired through the buyback program.)
Key Players & Entities
- HONDA MOTOR CO., LTD. (company) — Registrant
- ToSTNeT-3 (company) — Acquisition Platform
- ¥2,250,000,000 (dollar_amount) — Total cost of share acquisition
- 1,500,000 (dollar_amount) — Number of shares acquired
- ¥1,500 (dollar_amount) — Average price per share
- September 18, 2024 (date) — Date of announcement
FAQ
What was the total number of Honda's own shares acquired?
Honda acquired 1,500,000 of its own shares.
What was the total cost of the share acquisition?
The total cost of the share acquisition was ¥2,250,000,000.
On what date was the acquisition of shares announced?
The announcement regarding the result of the acquisition of the company's own shares was made on September 18, 2024.
Through which platform were the shares acquired?
The shares were acquired through ToSTNeT-3.
What percentage of total outstanding shares does the acquired amount represent?
The acquired shares represent approximately 0.15% of Honda's total outstanding shares.
Filing Stats: 515 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-09-18 06:26:57
Filing Documents
- d897494d6k.htm (6-K) — 20KB
- 0001193125-24-221040.txt ( ) — 21KB
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 SEPTEMBER 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 of Acquisition of the Companys Own Shares through ToSTNeT-3 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: September 18, 2024 [Translation] September 18, 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 of Acquisition of the Companys Own Shares through ToSTNeT-3 In respect of the acquisition of own shares notified by Honda Motor Co., Ltd. (the Company) on September 17, 2024, the Company has purchased its own shares as follows. Particulars 1. Reason for acquisition of own shares The Company acquired its own shares for the purpose, among others, of improving efficiency of its capital structure and implementing a flexible capital strategy. 2. Details of acquisition (1) Class of shares acquired: Shares of common stock (2) Total number of shares acquired: 35,028,600 shares (3) Total amount of shares acquired: 51,036,670,200 yen (4) Date of the acquisition: September 18, 2024 (5) Method of acquisition: Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) on the Tokyo Stock Exchange Reference: Details of the resolution at the meeting of the Board of Directors held on May 10, 2024 (1) Class of shares to be acquired: Shares of common stock (2) Total number of shares to be acquired: Up to 180,000,000 shares (3.7 % of the total number of issued shares (excluding treasury stock)) (3) Total amount of shares to be acquired: Up to 300 billion yen (4) Period of acquisition: Starting on May 13, 2024 and ending on March 31, 2025 (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 September 18, 2024 Total number of shares acquired: 131,542,700 shares Total amount of shares acquired: 199,033,885,000 yen