NTT DOCOMO, Inc. (TSE:9437) announces a share repurchase program. Under the program, the company will repurchase up to 220,000,000 shares, representing 5.67% of its common stock for a total cost of ¥500,000 million. The company is repurchasing its shares to improve shareholder returns and to increase capital efficiency.

The repurchases will be made in accordance with the Article 156 of the Companies Act, as applied pursuant to Article 165 (3). The program will run till December 31, 2016. As of December 31, 2015, the company had 3,881,483,812 shares in issue (excluding treasury shares) and 204,288,188 shares in treasury.