The forward–looking statements and projected figures contained in this financial report are subject to the uncertainties inherent in future projections and may be affected by NTT and its subsidiaries' future business operations, the state of economy in Japan and abroad, the pricing of services, the performance of new products, services and new business, and other changes in the circumstances that could cause actual results to differ materially from these forecasts. Therefore, no assurance can be given that NTT's and its subsidiaries' actual results will not vary significantly from the projected figures.