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 APRIL 2021
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,
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934, Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-______
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 |
| | Executive Deputy President and |
| | Chief Financial Officer |
Date: April 28, 2021
List of materials
Documents attached hereto:
i) Press release: Notice Regarding the Setting of Parameters for Repurchase of Shares of Common Stock
April 28, 2021
Sony Group Corporation
Notice Regarding the Setting of Parameters for 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 setting of parameters for 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 Setting Parameters
The following parameters have been set 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 and stock options as stock compensation plans, and Sony plans to curb dilution of its shares by allocating treasury stock to be repurchased for the shares to be issued in connection with the stock compensation plans.
2. Parameters for the Repurchase of Shares
| （1） | Class of shares for repurchase | Common stock of Sony |
| （2） | Total number of shares for repurchase | 25 million shares（maximum）
（2.02% of total number of shares issued and outstanding (excluding treasury stock)) |
| （3） | Total purchase price for repurchase of shares | 200 billion yen（maximum） |
| （4） | Period of repurchase | April 30, 2021 to April 28, 2022 |
| （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 March 31, 2021
Total number of shares issued and outstanding (excluding treasury stock) | 1,239,227,575 shares |
| Number of treasury stock | 21,831,206 shares |
End of document
