Offering of Government-owned Shares

Last updated : October 22, 2009

Details of the 6th offering Fiscal year ended March 31, 2001

Offering method Bookbuilding method
Offering price ¥949,000 (3% discount on TSE closing price of ¥979,000 on October 23, 2000)
No. of shares offered 1 million
Breakdown: Japan 760,000 shares; U.S. and Canada 170,000shares;
Europe, etc. 70,000 shares
(At the same time a public offering of 300,000 new shares was made)
Offering (subscription)period
(Bookbuilding period)
October 24-26, 2000
(October 11-20, 2000)
Settlement date November 10 2000
Joint global coordinators NikkoSalomonSmithBarney
Nomura Securities
Goldman Sachs International
Merrill Lynch & Co.

Details of the 5th offering Fiscal year ended March 31, 2000

Offering method Bookbuilding method
Offering price ¥1,666,000 (2% discount on TSE closing price of ¥1,700,000 on November 8, 1999)
No. of shares offered 952,000
Breakdown: Japan 730,000 shares; U.S. and Canada 90,000 shares;
Europe, etc. 132,000 shares
Offering (subscription)period
(Bookbuilding period)
November 9-10, 1999
(October 26-November 5, 1999)
Settlement date November 12, 1999
Joint global coordinators NikkoSalomonSmithBarney
Goldman Sachs International
Warburg Dillon Read

Details of the 4th offering Fiscal year ended March 31, 1999

Offering method Bookbuilding method
Offering price ¥855,000 (3% discount on TSE closing price of ¥882,000 on December 14, 1998)
No. of shares offered 1 million
Breakdown: Japan 710,000 shares; U.S. and Canada 105,000 shares; Europe, etc. 185,000 shares
Offering (subscription)period
(Bookbuilding period)
December 15-16, 1998
(December 1-11, 1998)
Settlement date December 18, 1998
Joint global coordinators Daiwa Securities Co. Ltd.
Goldman Sachs International
Warburg Dillon Read

Details of the 3rd offering Fiscal year ended March 31, 1989

Offering method Underwriting and selling by securities companies
Offering price ¥1,900,000 (3.5% discount on TSE closing price of ¥1,970,000 on October 19, 1988)
No. of shares offered 1.5 million
Offering (subscription)period
(Marketing period)
October 20-21, 1988
(October 1-19, 1988)
Settlement date October 28, 1988
Conditions of offer
  • Prohibition of bids by foreign nationals, etc., pursuant to the NTT Law Article 4, Paragraph 1.
Joint lead managers Daiwa Securities Co. Ltd.
Nomura Securities
Nikko Securities
Yamaichi Securities
Securities companies
(nature of contracts)
  • 31 primary underwriters
  • 107 sub-underwriters
  • 115 selling agents (Note)
Note
  • *Sales conducted by the underwriting method by the primary underwriters and sub-underwriters, and by means of selling by the selling agents.

Details of the 2nd offering Fiscal year ended March 31, 1988

Offering method Underwriting and selling by securities companies
Offering price ¥2,550,000 (3.5% discount on TSE closing price of ¥2,640,000 on November 9, 1987)
No. of shares offered 1.95 million
Offering (subscription)period (Marketing period) November 10-12, 1987
(October 9-November 9, 1987)
Settlement date November 19, 1987
Conditions of offer
  • Prohibition of bids by foreign nationals,
    etc.,pursuant to the NTT Law Article 4,
    Paragraph 1.
  • In the event of heavy purchase
    demand,maximum preference to be given to
    small-lot purchases.
Joint lead managers Nomura Securities
Daiwa Securities Co. Ltd.
Nikko Securities
Yamaichi Securities
Securities companies
(nature of contracts)
  • 21 primary underwriters
  • 100 sub-underwriters
  • 125 selling agents (Note)
Note
  • *Sales conducted by the underwriting method by the primary underwriters and sub-underwriters, and by means of selling by the selling agents.

Details of the 1st offering Fiscal year ended March 31, 1987

Offering method Competitive bidding Selling by securities companies
Offering price Successful bids:
¥1,017,000-
¥2,400,000;
Volume weighted average
successful bid
¥1,197,000
¥1,197,000
No. of shares offered 200,000 1.65 million + 100,000 (Note 1)
Offering (subscription) period
(Marketing period)
October 1-7, 1986
(September 1-30, 1986)
November 17-26, 1986 (Note 2)
(October 17-November 16, 1986)
Settlement date Listing on the first sections of the Tokyo, Osaka, and Nagoya stock exchanges on February 9, 1986.
(No trading occurred on February 9; the opening price on February 10 was ¥1,600,000 per share.)
Conditions of offer
  • Prohibition of bids by foreign nationals, etc.,
    pursuant to the NTT Law Article 4,
    Paragraph 1.
  • Units of 100 shares; maximum allocation of
    20,000 shares to any single person
    (company).
  • Prohibition of bids by foreign nationals, etc.,
    pursuant to the NTT Law Article 4,
    Paragraph 1.
  • Allocation on lottery basis of 1 share per
    person (company); no. of applicants 10.59
    million.
Joint lead managers Nomura Securities
Daiwa Securities Co. Ltd.
Nikko Securities
Yamaichi Securities
Securities companies
(nature of contracts)
226 selling agents
Note
  • *1The 100,000 shares were sold in the market on February 10, 1987, for market making of the opening price upon listing. In consequence, the total number of shares sold in fiscal year ended March 31, 1987 was 1.95 million.
  • *2The persons to whom shares were to be allotted were determined by lottery on December 23, 1986, and the period for payment by those persons was stipulated as being January 5 to 19, 1987. Since there were more than 30,000 unclaimed shares, a supplementary lottery and allocation were conducted and the shares were sold from January 24 to 27, 1987.

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