NTT completes JPY 200bn share buyback program

Nippon Telegraph and Telephone Corporation (NTT) has announced the completion of its share repurchase program, initially authorized by the Board of Directors on August 7, 2024. The company repurchased a total of 1,331,715,900 shares of its common stock at an aggregate cost of ¥199,999,985,492. The final phase of the buyback occurred between February 3, 2025, and February 25, 2025, during which NTT acquired 242,913,100 shares for ¥35,852,563,664. These acquisitions were executed on the Tokyo Stock Exchange. The initial authorization allowed for the repurchase of up to 1.4 billion shares, representing 1.66% of outstanding shares (excluding treasury stock), and up to ¥200 billion. The share repurchase aligns with NTT's capital management strategy, aiming to improve shareholder value.