TOKYO -- Japanese companies plan to repurchase 4.2 trillion yen ($32.4 billion) of their own shares this fiscal year, nearly double the amount from a year earlier as businesses reroute cash stockpiled during the pandemic toward investor rewards.
Hitachi will repurchase 200 billion yen of its own shares, marking the first buyback in eight years and a record for a single tranche. Phone carrier NTT will buy back 400 billion yen and Apple supplier Murata Manufacturing will repurchase up to 80 billion yen in the first buyback executed in roughly a decade.
