The Board of Directors of KDDI Corporation ("KDDI",) at its meeting held today, resolved that KDDI will cancel a portion of its treasury stock pursuant to Article 178 of the Companies Act of Japan, as stated below.
|1. Type of shares to be cancelled:||Shares of common stock|
|2. Number of shares to be cancelled:||176,630,845 shares
(6.98% of the total issued shares before cancellation)
|3. Date of Cancellation:||May 23, 2019|
Reference: After the cancellation, the number of treasury stocks will be 0.18% of the total number of issued shares.
|Total number of issued shares after the cancellation||2,355,373,600 shares|
|Total number of treasury stocks after the cancellation||4,322,928 shares |