Toyota Buys 3.6 Million of Its Own Shares

09/30/96

Kyodo reported that Toyota Motor Corporation announced that it had bought back 3,612,000 of its own shares between Aug. 28 and Sept. 25. Toyota invested 9.55 billion yen in the buyback and then canceled 11.32 million shares of its own stock, which was worth about 30 billion yen. Toyota said its 43 million common share buyback program would continue, and may cost 100 billion yen by June.

Paul Dever -- The Auto Channel