SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February 2025
Commission File Number: 001-06439
SONY GROUP CORPORATION
(Translation of registrant’s name into English)
1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F.
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-F x | Form 40-F ¨ |
SIGNATURE
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.
|
SONY GROUP CORPORATION (Registrant)
| ||
| By: | /s/ Hiroki Totoki | |
| (Signature) | ||
| Hiroki Totoki | ||
| President, Chief Operating Officer and | ||
| Chief Financial Officer | ||
Date: February 13, 2025
List of Materials
Documents attached hereto:
Notice Regarding the Establishment of a Facility for the Repurchase of Shares of Common Stock
February 13, 2025
Sony Group Corporation
Notice Regarding the Establishment of a Facility for the Repurchase of Shares of Common Stock
(Repurchase of Shares Under the Provision of Sony’s Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)
Sony Group Corporation (“Sony”) approved, at the meeting of its Board of Directors held today, the establishment of a facility for the repurchase of shares of its own common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 34 of Sony’s Articles of Incorporation, as follows.
1. Reason for Establishing the Facility for the Repurchase of Shares
The following facility has been established for the purpose of enabling Sony to flexibly repurchase its own shares in consideration of factors such as opportunities for strategic investment, Sony’s financial condition and the price of its common stock as part of improving capital efficiency and implementing capital policy according to the business environment.
In addition, Sony has introduced restricted stock, restricted stock units and stock options as stock compensation plans, and Sony plans to curb dilution of its shares by repurchasing shares to offset the securities to be delivered in connection with the stock compensation plans.
2. Facility for the Repurchase of Shares
| (1) | Class of shares for repurchase | Common stock of Sony |
| (2) | Total number of shares for repurchase | 30 million shares (maximum) (0.50% of total number of shares issued and outstanding (excluding treasury stock)) |
| (3) | Total purchase amount for repurchase of shares | 50 billion yen (maximum) |
| (4) | Period of repurchase | February 14, 2025 to May 14, 2025 |
| (5) | Method of repurchase | Expected open market purchase through the Tokyo Stock Exchange based on a discretionary trading contract |
Depending on investment opportunities, market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.
(For reference) Status of treasury stock as of January 31, 2025
| Total number of shares issued and outstanding (excluding treasury stock) | 6,026,104,040 shares |
| Number of treasury stock | 123,706,605 shares |
End of document