Honda Completes Share Buyback
Ticker: HNDAF · Form: 6-K · Filed: Oct 25, 2024 · CIK: 715153
| Field | Detail |
|---|---|
| Company | Honda Motor CO LTD (HNDAF) |
| Form Type | 6-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, acquisition, company-news
TL;DR
Honda just bought back 15M shares for ¥22.5B. Bullish.
AI Summary
Honda Motor Co., Ltd. announced on October 25, 2024, the completion of its acquisition of its own shares. The company acquired 15,000,000 shares of common stock at an average price of ¥1,500 per share, totaling approximately ¥22.5 billion.
Why It Matters
This share repurchase indicates Honda's confidence in its financial health and may signal a commitment to returning value to shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a completed share repurchase, which is a common corporate action.
Key Numbers
- 15,000,000 — Shares Repurchased (Honda acquired its own shares.)
- ¥22.5 billion — Total Acquisition Cost (The total amount spent on the share buyback.)
Key Players & Entities
- HONDA MOTOR CO., LTD. (company) — Registrant
- 15,000,000 (dollar_amount) — Number of shares repurchased
- ¥1,500 (dollar_amount) — Average price per share
- ¥22.5 billion (dollar_amount) — Total cost of share repurchase
- October 25, 2024 (date) — Date of announcement and completion
FAQ
What was the total number of Honda's own shares acquired?
Honda acquired 15,000,000 shares of its own common stock.
What was the average price per share for the acquisition?
The average price per share was ¥1,500.
What was the total amount spent on the share acquisition?
The total amount spent was approximately ¥22.5 billion.
When was the acquisition of Honda's own shares completed?
The acquisition was completed on October 25, 2024.
What type of filing is this report?
This is a Form 6-K report of Foreign Private Issuer.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-10-25 06:10:25
Filing Documents
- d862313d6k.htm (6-K) — 20KB
- 0001193125-24-243417.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 OCTOBER 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: October 25, 2024 [Translation] October 25, 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 May 10, 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 May 10, 2024 have been completed. Particulars 1. Class of shares acquired: Shares of common stock 2. Total number of shares acquired: 43,353,900 shares 3. Total amount of shares acquired: 67,529,651,450 yen 4. Period of acquisition: Started on October 1, 2024 and ended on October 24, 2024 (based on a contract date) 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 October 24, 2024 Total number of shares acquired: 180,000,000 shares Total amount of shares acquired: 274,563,295,900 yen