Toyota expands share buyback program to $8.2 billion.

Toyota Motor Corporation has expanded its share buyback program by 300 billion yen, bringing the total to 1.3 trillion yen. The upper limit on the number of shares to be repurchased will be increased to 610 million shares, up from the 500 million shares announced in August. Toyota will launch a tender offer at 2,725 yen per share to repurchase its own shares. Mitsui Sumitomo Insurance, Aioi Nissay Dowa Insurance, Tokio Marine & Nichido Fire Insurance, and Sompo Japan Nipponkoa Insurance have agreed to participate in the tender offer sale.