KDDI Corporation (TSE:9433) announces a share repurchase program. Under the program, the company will repurchase 64,102,500 shares, for ¥249,999.75 million from Toyota Motor Corporation. The shares will be repurchased at an offer price of ¥ 3,900 per share.

The purpose of the program is to improve capital efficiency. The offer will expire on August 28, 2023.