The NTT Group strives to improve management transparency through proactive disclosure and IR activities.
Basic ideals
The NTT Group recognizes that enhancing its corporate value in the medium to long term and realizing appropriate returns to shareholders are crucial aspects of its business. At the same time, we are striving to improve the transparency of management through proactive disclosure and IR activities to enable our shareholders, investors, and other stakeholders to appropriately evaluate our business performance.
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NTT stocks
As a result of six offerings of government-owned shares since NTT's privatization in 1985, NTT stocks are in the hands of approximately 1.27 million* shareholders as of the end of March 2009.
*Including shareholders who own only shares representing less than one unit
NTT shareholders
- Not including shares representing less than one unit.
- Treasury stock included under"Domestic individuals, etc." category.
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Returns to shareholders
NTT seeks to enhance returns to shareholders over the medium term.
We determine the amount of dividends based on an overall consideration of factors such as business performance, financial position, and dividend pay-out ratio, focusing also on stability and sustainability. For the year ended March 31, 2009, NTT increased its yearly dividends from ¥90* to ¥110 per share. The yearly ordinary dividends for the year ended March 31, 2010 are expected to rise to ¥120.
NTT has also repurchased shares of ¥200 billion in the year ended March 31, 2009, while taking into account market trends and other factors, following the ¥94.4 billion buy back in the year ended March 31, 2008.
*We have retroactively adjusted dividend per share to reflect a 100-for-1 split of common shares in January 2009.
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Disclosure and IR activities
NTT has listed its shares on several domestic and foreign stock exchanges (Tokyo, Osaka, Nagoya, Fukuoka, Sapporo, New York, and London), and has issued domestic and foreign bonds to procure funds. We consider it important to establish and maintain relationships of trust with our shareholders and investors in both domestic and foreign capital markets, and accordingly disclose information in a timely, appropriate and fair manner, fulfilling our accountability as a business corporation.
To help shareholders and investors to better understand our management strategy, we also actively conduct IR activities and create opportunities for our top management to directly communicate with our shareholders and investors by holding various events in addition to the General Meeting of Shareholders, such as IR roadshows, presentation of corporate strategies and financial results, and presentations for corporate bond investors. We are also making efforts to enrich IR content on our corporate website.
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Listed on Socially Responsible Investment (SRI) indexes
in Japan and abroad
NTT has been highly rated by SRI evaluation organizations. As of April 1, 2009, we are listed on international SRI indices such as Ethibel Sustainability Index (ESI) Excellence Global (Belgium), and Morningstar Socially Responsible Investment Index (Japan).
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