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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May 11,2023

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 and to provide shareholders return.

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 92,000,000 shares
(Ratio to the shares outstanding: 4.26%)
(3) Total amount of repurchase price Up to 300 billion yen
(4) Repurchase period From June 1, 2023 to May 31, 2024

Depending on market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.

Reference: Own shares held by KDDI as of April 30, 2023

Total number of shares outstanding 2,157,121,379 shares
Total number of treasury stocks [1] 145,590,929 shares
  • [1]
    The number of treasury stocks listed includes the 1,319,384 shares of KDDI shares owned by the executives' compensation BIP 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.