Japan's KDDI will buy back shares at 3,900 yen a piece between July 31 and Aug. 28, Toyota said, or 8.7% lower than KDDI's closing price of 4,271 yen on Friday.

KDDI aims to fully launch its operations in fiscal 2025. Sharp said in June that it had started talks on building an AI data center with KDDI and Tokyo-based system integrator Datasection.

DCD reported last month that Foxconn, Sharp’s parent company, was planning to shut down the factory and turn it into a data center amid growing losses in its LCD division. The factory is set to close ...

TOKYO -- Toyota Motor will sell about 20% of its KDDI stock holdings, worth about 250 billion yen ($1.8 billion), the company announced on Friday. It will apply for a share buyback solicited by KDDI.