TOKYO, Nov 26 (Reuters) - Toyota Motor Corp , Japan's biggest auto maker, said on Wednesday it will buy back up to 86.67 billion yen ($792.4 million) worth of its own shares, or 0.7 percent of the total outstanding.
Toyota said it would seek to buy back 27 million shares at Wednesday's closing price of 3,210 yen via the Tokyo Stock Exchange's online trading system before the market opens on Thursday.
In June, Toyota received permission from its shareholders to repurchase up to 150 million of its own shares, worth up to 400 billion yen, over the following 12 months. So far it has bought 24.3 million shares, or 74.32 billion yen worth.
Many Japanese firms are rushing to buy their own shares partly to make them more attractive to investors by boosting per-share value.
Toyota's shares closed up 2.23 percent on Wednesday as strong U.S. gross domestic product data and a softer yen lifted auto makers' shares.
($1=109.37 Yen)