Notice Regarding Repurchase of Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)

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October 30,2020

KDDI Corporation

The Board of Directors of KDDI Corporation ("KDDI",) at its meeting held today, resolved that KDDI will repurchase its own shares pursuant to Article 156 of the Companies Act of Japan, which applies pursuant to Article 165, Paragraph 3, of that law.

1. Reasons for repurchase of KDDI's own shares

To implement flexible capital policies in response to the change in the business environment, to provide shareholders return and to dispose※ our treasury stock through a third-party allocation with Toyota Motor Corporation as the recipient.

  • The maximum number of shares to be disposed of by the above third-party allocation will be 18,301,600 shares.

2. Details of matters relating to the repurchase

(1) Type of shares to be repurchased Shares of common stock
(2) Total number of shares to be repurchased Up to 84,000,000 shares
(Ratio to the shares outstanding: 3.65%)
(3) Total amount of repurchase price Up to 200 billion yen
(4) Repurchase period From November 2※, 2020 to May 31, 2021
(5) Repurchase method Market purchases through the Tokyo Stock Exchange
  • The acquisition of treasury stock will take effect of the securities registration statement pertaining to the third-party allocation to Toyota Motor Corporation (see "Notice of Disposal of Treasury Stock through a Third-Party Allocation" announced today). It is scheduled to start on the condition that it will take effect today

Reference: Own shares held by KDDI as of September 30, 2020

Total number of shares outstanding 2,300,062,466 shares
Total number of treasury stocks [1] 4,117,084 shares
  • [1]
    The number of treasury stocks listed includes the 4,117,083 shares of KDDI shares owned by the executives' compensation BIP Trust Account and ESOP Trust Account.
  • The information contained in the articles is current at the time of publication.
    Products, service fees, service content and specifications, contact information, and other details are subject to change without notice.