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Aug 15, 2002
Announcement Regarding Stock Repurchase through ToSTNeT-2
he Company decided on the method of repurchase of its common shares based on Article 210 of Japanese Commercial Code as described below.
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Method of repurchase |
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The Company will repurchase its common shares through ToSTNeT-2 (Tokyo Stock Exchange Trading Network System) at 8:45 a.m., August 16, 2002, for 5,150 yen per share, the closing price of the Company's common shares traded on the Tokyo Stock Exchange on August 15, 2002 (repurchase will be made only through ToSTNeT-2 and the trading time shall not be changed). The repurchase shall be made at this trading time only. |
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| 2. |
Details of the repurchase |
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(1) |
Kind of shares to be acquired: |
Common shares |
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(2) |
Total number of shares to be acquired: |
1,400,000 |
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| Note 1: |
The above number of shares will not be changed. However, a part of or all of such shares may not be repurchased due to market conditions. |
| Note 2: |
The shares for which orders placed to sell shall be repurchased up to the number of shares planned to be repurchased. |
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| 3. |
Announcement of repurchase results |
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The results of the repurchase will be announced after 8:45 a.m., August 16, 2002, the expected trading time. |
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| Reference |
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(1) |
Details resolved at the Fiscal Year 2002 (the 39th FY) Annual Meeting of Shareholders held on 21June, 2002 |
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Kind of shares to be acquired: |
Common shares |
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Total number of shares to be acquired: |
Not more than 5,000,000 |
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Total value of shares to be acquired: |
Not more than 50 billion yen |
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(2) |
Details resolved at the meeting of the Company's Board of Directors held on 2 August, 2002 |
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Kind of shares to be acquired: |
Common shares |
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Total number of shares to be acquired: |
Not more than 1,400,000 |
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Total value of shares to be acquired: |
Not more than 10 billion yen |
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(3) |
Status of repurchase on 15 August, 2002 |
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