Japan share buybacks soar to record $108bn on strong profits

Stock repurchases gain steam as businesses exit cross-shareholdings

20241220N TSE

Japanese companies engaged in record share buybacks this year as the Tokyo Stock Exchange urge improvements in capital efficiency. (Photo by Yuki Kohara)

RISA SATO, Nikkei staff writer

TOKYO -- Listed companies in Japan pledged 16.81 trillion yen ($108 billion) in share repurchases this year, a Nikkei analysis shows, setting a record amid a flurry of shareholder returns and exits from cross-shareholdings.

The figure, current as of Thursday, is up 75% from last year and a third consecutive all-time high.

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