Toyota market capitalization passes Wal-Mart as shares rise February 17, 2006
Shares in Toyota Motor Corp. hit a record high on Friday, sending the automaker’s market value above $200 billion — more than that of U.S. retail giant Wal-Mart Stores — and analysts said the issue could keep rising as profits look to grow even faster next year.
Climbing for the fourth session in five days, shares in Japan’s top carmaker touched an all-time peak of $55.28 (6,560 yen) in early trade, putting its market capitalization — a measure of how much investors believe a company is worth — at $200.7 billion at current exchange rates.
Even at the closing share price of …
Toyota says to buy back own shares worth $686 million February 14, 2006
Toyota Motor Corp. said on Tuesday it would buy back $685.5 million (80.73 billion yen) worth of its own shares on Wednesday morning before the market opens.
The automaker said it would buy back 13 million shares, or 0.36 percent of those outstanding, for $52.89 (6,210 yen) apiece, Tuesday’s closing price.
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