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NTT Press Releases

August 5, 2015

NOTICE REGARDING STOCK REPURCHASES
(UNDER THE PROVISIONS OF NTT’S ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE COMPANIES ACT OF JAPAN)

Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its Board of Directors held today, NTT has authorized repurchases of shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the “Companies Act”), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.

1.Reasons for Stock Repurchases:

To improve capital efficiency and enable NTT to flexibly exercise its capital policy in response to the changing managerial environment.

2.Details of Repurchases:

(1) Total number of shares to be repurchased : Up to 21 million shares of common stock
(Ratio to the number of outstanding shares*: 0.99%)
(2) Aggregate repurchase amount : Up to 100 billion yen
(3) Period for repurchases : August 6, 2015 ~ October 30, 2015

(For reference) Number of shares of treasury stock (as of June 30, 2015):

Number of outstanding shares* : 1,058,592,626 shares
Number of shares of treasury stock : 78,104,609 shares
  • Note:NTT conducted a stock split with an effective date of July 1, 2015. The above figures, when adjusted to reflect the impact of the stock split, are as follows:
    Number of outstanding shares* : 2,117,185,252 shares
    Number of shares of treasury stock : 156,209,218 shares
  • *Excluding shares of treasury stock.

For further inquiries, please contact:

Takuro Hanaki

Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
TEL: +81-3-6838-5481

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Please be advised that information may be outdated after that point.

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