Stock Repurchases

Last updated : October 31, 2016

Policy for Stock Repurchases

With the objectives of achieving EPS targets and improving capital efficiency, the Company takes an agile and flexible approach to stock repurchases, with consideration for business and market trends. Moving forward, we will work to achieve EPS target of at least ¥400 through profit growth and stock repurchases.

Stock Repurchases (Cumulative)

We had implemented stock repurchases of ¥93.6 billion in the fiscal year ended March 31, 2016, and in the fiscal year ending March 31, 2017, we implemented stock repurchases of ¥267.4 billion as of August 2016. The cumulative total of stock repurchases has reached approximately ¥3.1 trillion.

(Reference) Dividends per share

NTT's basic dividend policy positions dividends as the central element in shareholder return and calls for enhancing dividends over the medium term. In the fiscal year ending March 31, 2017, the Company plans to increase annual dividends by ¥10 per share, to ¥120 per share, an increase of 4.8 times over a period of 13 years. Moving forward, the Company will work to enhance dividends, taking into account a full range of factors, including business performance, financial standing, and dividend payout ratio while giving consideration to stability and sustainability.

  • * The Company implemented a 100-for-1 stock split with an effective date of January 4, 2009. In addition, the Company implemented a 2-for-1 stock split with an effective date of July 1, 2015. In the above graph, the annual dividend amounts from the fiscal year ended March 31, 2004, to the fiscal year ending March 31, 2017 (estimated), have been adjusted for the two stock splits.