Nippon Telegraph And Telephone : Notice of Results of Stock Repurchase through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
November 07, 2018 at 07:39 pm EST
Share
November 8, 2018
Nippon Telegraph and Telephone Corporation ('NTT') hereby announces that it repurchased shares of its common stock today, pursuant to the announcement made on November 7, 2018, as described below.
1.Reason for Stock Repurchase:
To improve capital efficiency and enhance shareholder returns.
2.Details of Repurchase:
(1) Class of shares repurchased
Common stock
(2) Total number of shares repurchased
12,673,000 shares
(3) Aggregate repurchased amount
56,977,808,000 yen
(4) Date of repurchase
November 8, 2018
(5) Method of repurchase
Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
(For reference)
Details of the resolution approved at the board of directors' meeting held on November 6, 2018 (as announced on November 6, 2018):
(1) Class of shares to be repurchased
Common stock
(2) Total number of shares to be repurchased
Up to 36 million shares
(3) Aggregate repurchase amount
Up to 150 billion yen
Details of total shares repurchased following the approval of the resolution by the board of directors on November 6, 2018:
(1) Class of shares repurchased
Common stock
(2) Total number of shares repurchased
12,673,000 shares
(3) Aggregate repurchased amount
56,977,808,000 yen
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Please be advised that information may be outdated after that point.
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NTT - Nippon Telegraph & Telephone Corporation published this content on 08 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 November 2018 00:38:06 UTC
Nippon Telegraph and Telephone Corporation (NTT) is one of the Japanese largest telecommunications operators. Net sales break down by activity as follows:
- systems integration services (32.8%). In addition, the group offers cloud services, data hosting, managed services, etc.;
- networking and interconnection services (28.3%);
- mobile telephony services (9.1%): 84.8 million subscribers at the end of March 2022;
- fixed-line telecommunications services (7.5%): local and long-distance telephony services
- sale of telecommunications terminals (5.7%);
- other (16.6%): primarily distribution of films, music and e-books, financial services, real estate management and renewable energy production.
Japan accounts for 81.9% of net sales.
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 
