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- NOTICE REGARDING SHAREHOLDER RETURNS
(News Release)
May 13, 2011
NOTICE REGARDING SHAREHOLDER RETURNS
Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that at the Board of Directors’ meeting held on May 13, 2011, the following resolutions were passed.
1.Increase in Dividends for the Year Ending March 31, 2012 (forecasts)
| Interim Dividend | End-of-term Dividend | Annual Total | |
| Year Ending March 31, 2012 (forecasts) | 70 yen | 70 yen | 140 yen |
| Year Ended March 31, 2011 (reference) | 60 yen (implemented in November 2010) |
60 yen | 120 yen |
2.Regarding the Decision to Repurchase Treasury Stock
(An acquisition according to the provision in NTT’s Articles of Incorporation, under Article 165, Section 2 of the Corporation Law)
(1)The Reason for the Repurchase
To increase the efficiency of its capital and to realize NTT’s capital policies for current supply and demand conditions.
(2)Details of the Repurchase
| (a) | Number of Shares | : | Common Stock: 60 million shares (maximum) *Percent of total number of issued shares (excluding treasury stock) — 4.53% |
| (b) | Total Repurchase Price | : | 280.0 billion yen (maximum) |
| (c) | Repurchase Period | : | From May 16, 2011 to September 30, 2011 |
| (d) | Method of Repurchase | : | NTT plans to use the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) |
| (Reference) | Treasury stock held as of March 31, 2011 Total number of issued shares (excluding treasury stock): 1,323,135,067 shares Number of treasury stock: 125,524,000 |
NTT will make the realization of a flexible capital policy possible going forward, and take care to maintain sound finances. Upon the ordinary general meeting of shareholders, NTT plans to reverse 600.0 billion yen, out of a total of 1,131.0 billion yen, in other reserves and transfer the amounts into accumulated earned surplus.
For further information, please contact:
Masaru Nara or Akio Iijima
Investor Relations Office
Nippon Telegraph and Telephone Corporation
TEL: +81-3-5205-5581
Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.
