Sony Group Corp. plans a buyback of up to 2.03% of its shares over the course of the next year, the company said on Wednesday.

Tokyo-based Sony joins a long list of Japanese firms executing buybacks in recent weeks, saying it will acquire a maximum of 25 million of its shares, spending up to ¥200 billion ($1.5 billion). Sony’s shares reached a 52-week high this week, amid a wider rally in Japanese stocks.

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