(Under the Provision of its Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
May 15, 2018
T&D Holdings, Inc. (President: Hirohisa Uehara) of the T&D Life Group hereby announces that its Board of Directors has resolved at its meeting held on May 15, 2018, the acquisition of treasury shares under the provision Article 156 of the Companies Act of Japan, as applied pursuant to Article 165, Paragraph 3 of the same, as follows:
1. Reasons for the acquisition of treasury shares
To enhance shareholder return and improve capital efficiency.
2. Details of the acquisition
(1) Type of shares to be acquired
(2) Number of shares to be acquired
(3) Total amount of acquisition
(4) Period of acquisition
(5) Method of acquisition
: Shares of common stock
: Up to 13,000,000 shares
(2.09% of total shares outstanding (excluding treasury shares))
: Up to 17 billion yen
: From May 16, 2018, to August 31, 2018
: Open-market repurchase by the trust method
(Reference) Status of treasury shares held by the company as of April 30, 2018
(1) Total number of shares issued (excluding treasury shares)
T&D Holdings Inc. published this content on 15 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 06:12:07 UTC
T&D HOLDINGS INC. 
