Nippon Telegraph and Telephone : NOTICE REGARDING THE STATUS AND CONCLUSION OF STOCK REPURCHASES (UNDER THE PROVISIONS OF NTT'S ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE COMPANIES ACT OF JAPAN)
March 27, 2023 at 02:38 am EDT
Share
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces as below the results and conclusion of repurchases of shares of its common stock conducted pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act. This concludes NTT's repurchase of its common stock authorized by the Board of Directors' meeting held on November 8, 2022.
1. Class of shares repurchased:
Common stock
2. Total number of shares repurchased:
9,720,300 shares
3. Aggregate repurchased amount:
38,753,994,100 yen
4. Period for repurchases:
March 1, 2023 to March 24, 2023
5. Method of repurchase:
Acquisitions on the Tokyo Stock Exchange
(Reference)
1. Details of the resolution approved at the Board of Directors' meeting held on November 8, 2022:
(1) Class of shares to be repurchased:
Common stock
(2) Total number of shares to be repurchased:
Up to 41 million shares
(Ratio to the number of outstanding shares (excluding treasury stock): 1.19%)
(3) Aggregate repurchase amount:
Up to 150 billion yen
(4) Period for repurchases:
November 9, 2022 to March 31, 2023
2. Total number and value of shares repurchased through March 24, 2023 pursuant to the resolution approved at the Board of Directors' meeting held on November 8, 2022:
NTT - Nippon Telegraph & Telephone Corporation published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 06:37:10 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 : NOTICE REGARDING THE STATUS AND CONCLUSION OF 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 
