Nippon Telegraph And Telephone : 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)
August 05, 2015 at 03:05 am EDT
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August 5, 2015
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 has 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 enable NTT to flexibly exercise its capital policy in response to the changing managerial environment.
2. Details of Repurchases:
(1)
Total number of shares to be repurchased
:
Up to 21 million shares of common stock
(Ratio to the number of outstanding shares*: 0.99%)
(2)
Aggregate repurchase amount
:
Up to 100 billion yen
(3)
Period for repurchases
:
August 6, 2015 ~ October 30, 2015
(For reference) Number of shares of treasury stock (as of June 30, 2015):
Number of outstanding shares*
:
1,058,592,626 shares
Number of shares of treasury stock
:
78,104,609 shares
Note: NTT conducted a stock split with an effective date of July 1, 2015. The above figures, when adjusted to reflect the impact of the stock split, are as follows:
Nippon Telegraph and Telephone Corporation (NTT) is one of the Japanese largest telecommunications operators. Net sales break down by activity as follows:
- systems integration services (32.8%). In addition, the group offers cloud services, data hosting, managed services, etc.;
- networking and interconnection services (28.3%);
- mobile telephony services (9.1%): 84.8 million subscribers at the end of March 2022;
- fixed-line telecommunications services (7.5%): local and long-distance telephony services
- sale of telecommunications terminals (5.7%);
- other (16.6%): primarily distribution of films, music and e-books, financial services, real estate management and renewable energy production.
Japan accounts for 81.9% of net sales.
Nippon Telegraph And Telephone : 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 
