NTT, Inc.
Notice Regarding NTT’s Sale of NEC Shares (Off-Market Sale & Tender Offer Participation)
NTT, Inc. conducted an off-market sale of NEC shares and decided to participate in NEC's tender offer for those shares. Number of shares sold: 32,559 thousand shares; sale price: 4,308.8 yen per share; settlement date: November 12. Tender offer period: November 13, 2026 to December 14, 2026; payment start date: January 7, 2027. No gain on sale of available-for-sale securities will be recorded in IFRS consolidated statements. However, a special gain of approx. 1890 hundred million yen is expected in standalone financial statements.
Key Figures
- Number of shares sold: 32,559 thousand shares
- Sale price: 4,308.8 yen／share
- Tender offer price: 3,462 yen／share
AI要約
Transaction Overview
NTT, Inc. executed an off-market sale of NEC shares, planning sales to foreign institutional investors. The number of shares sold is 32,559 thousand shares and the sale price is 4,308.8 yen per share. NTT, Inc. will also participate in NEC's tender offer for these shares. The tender offer price is 3,462 yen per share, the period runs from November 13, 2026 to December 14, 2026, and the payment start date is January 7, 2027.
Financial Impact and Outlook
Under IFRS, the NTT Group classifies held equity securities as financial assets measured at fair value, so no gain on sale of available-for-sale securities will be recorded in consolidated financial statements and there will be no impact on consolidated net income for the period. Conversely, in standalone financial statements, a gain on sale of available-for-sale securities of approximately 1,890 hundred million yen is expected to be recorded as a special gain. The actual amount may vary depending on the final number of shares sold and sale conditions.
NTT, Inc.
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