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September 25, 2017
NOTICE REGARDING STOCK REPURCHASES
(UNDER THE PROVISIONS OF NTT'S ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE COMPANIES ACT OF JAPAN)
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT authorized repurchases of shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the "Companies Act"), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.
1.Reasons for Stock Repurchases:
To improve capital efficiency and enhance shareholder returns.
2.Details of Repurchases:
| (1)Total number of shares to be repurchased | Up to 30 million shares of common stock |
|---|---|
| (2)Aggregate repurchase amount | Up to 150 billion yen |
| (3)Period of repurchases | September 26, 2017 ~ March 31, 2018 |
(For reference) Number of shares of treasury stock (as of June 30, 2017)
| Number of outstanding shares* | 2,006,464,274 shares |
|---|---|
| Number of shares of treasury stock | 89,930,196 shares |
Excluding shares of treasury stock.
For further inquiries, please contact:
Takayuki Kimura or Tatsuya Watanabe
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Phone: +81-3-6838-5481
Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.
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