Nippon Telegraph and Telephone Corporation (TSE:9432) announces a share repurchase program. Under the program, the company will repurchase up to 110,000,000 shares of its common stock, representing 3.11% of its issued share capital, for ¥400,000 million. The purpose of the plan is to improve capital efficiency and enhance shareholder returns.

The plan will be valid up to March 31, 2023. As on March 31, 2022, the company had 3,542,522,226 shares outstanding (excluding treasury shares) and 79,490,430 shares in its treasury.