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 mid- and long-term and realizing appropriate returns to shareholders are crucial aspects for 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 1.33 million shareholders (including holders of fractional shares), as of the end of March 2008.
NTT shareholders
- Not including fractional shares.
- Reacquired stock included under individual investors 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, 2008, NTT increased its yearly dividends from ¥8,000 to ¥9,000 per share. The yearly ordinary dividends for the year ended March 31, 2009 are expected to rise to ¥11,000. NTT has also decided to implement a share repurchase, while taking into account market trends and other factors, to buy back up to ¥200 billion in the year ended March 31, 2009, following the ¥94.4 billion buy back in the year ended March 31, 2008.
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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 general shareholders' meetings, 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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High ratings by Socially Responsible Investment (SRI) indexes in Japan and abroad
NTT has been highly rated by SRI evaluation organizations. As of September 1, 2008, we are listed on international SRI indices such as "FTSE4Good Global Index" (UK), as well as in "Morningstar Socially Responsible Investment Index" (Japan).
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