Subsequent Events

12 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

33. Subsequent Events

On May 11, 2022, the Company’s Board of Directors has passed a resolution approving the matters required under Article 156, Paragraph 1 of the Companies Act for the repurchase of its own shares for capital efficiency and shareholder returns, pursuant to Articles 34 of the Articles of Incorporation, which is in accordance with Article 459, Paragraph 1 Companies Act.

Details of Share Repurchase

• Class of shares to be repurchased: Common shares

• Total number of shares: Up to 40,000,000 shares

(approximately 3.3% of the total outstanding shares (excluding treasury shares))

• Total purchase price of shares to be repurchased: Up to 50 billion yen

• Repurchase period: From May 18, 2022 to March 31, 2023

• Method of share repurchase: Market purchases based on the discretionary dealing contract regarding repurchase of own shares