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Notice Regarding the Status and Conclusion of a Repurchase of Shares of Common Stock

(Repurchase of Shares Under the Provision of NEC's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)

Tokyo, December 14, 2022 - NEC Corporation (“NEC") has announced the status of a repurchase of shares of its own common stock, pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and NEC's Articles of Incorporation, which was approved at the Board of Directors meeting held on August 29, 2022, as follows.
This concludes NEC's repurchase of shares of its own common stock approved at the Board of Directors meeting held on August 29, 2022.

1.The status of shares repurchased pursuant to the resolution approved at the above-mentioned Board of Directors meeting

  • (1)
    Type of shares repurchased:
    Common stock
  • (2)
    Total number of shares repurchased:
    414,900 shares
  • (3)
    Aggregate value of shares repurchased:
    1,977,858,000 yen
  • (4)
    Repurchase period:
    December 1, 2022 - December 8, 2022
  • (5)
    Method of repurchase:
    Open market purchase through the Tokyo Stock Exchange based on a discretionary trading contract

2.Total number and aggregate value of shares repurchased pursuant to the resolution approved at the above-mentioned Board of Directors meeting (as of December 8, 2022)
Total number of shares repurchased:
6,187,500 shares
Aggregate value of shares repurchased:
29,999,739,000 yen

(For Reference)
Details of Matters Relating to the Repurchase (as announced on August 29, 2022)

  • (1)
    Type of shares to be repurchased:
    Common stock
  • (2)
    Total number of shares to be repurchased:
    Up to 6.7 million shares
    (2.46% of total shares outstanding excluding treasury stock)
  • (3)
    Aggregate repurchase price:
    30 billion yen (maximum limit)
  • (4)
    Repurchase period:
    August 30, 2022 - March 31, 2023
  • (5)
    Method of repurchase:
    Open market purchase through the Tokyo Stock Exchange based on a discretionary trading contract

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About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.

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