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NTTis... Summer 2010

Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2011

  • For the fiscal year ending March 31, 2011, operating revenues are forecasted to decrease 0.2% from the previous fiscal year to ¥10,160.0 billion, and operating income is forecasted to increase ¥47.3 billion (4.2%) from the previous fiscal year to ¥1,165.0 billion.
  • Operating revenues are expected to stay at the same level as the previous fiscal year. A continued decline in voice-related revenues is expected, but NTT expects that this will be offset by an increase in IP-related revenues resulting from an expansion of sales of FLET'S Hikari, an increase in mobile phone packet communication revenues and an increase in system integration revenues attributable to a recovery in capital investments.
  • For operating expenses, a decrease in expenses is anticipated from continued group-wide cost reduction measures, and bad debt costs in the financing business and inventory impairment losses in the real estate business are also expected to decrease.
  • As a result, NTT Group expects its operating income will be ¥1,165.0 billion, exceeding its pre-financial crisis operating income of ¥1,144.7 billion* for the fiscal year ended March 31, 2008.

    * Net income excluding special profits such as the one-time increase in income realized from the gain on the transfer of the substitutional portion of the Employees' Pension Fund

Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2011

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Consolidated and Main Subsidiaries' Financial Results Forecasts for the Fiscal Year Ending March 31, 2011

Consolidated and Main Subsidiaries' Financial Results Forecasts for the Fiscal Year Ending March 31, 2011

The forward-looking statements and projected figures concerning the future performance of NTT and its subsidiaries and affiliates contained or referred to herein are based on a series of assumptions, projections, estimates, judgments and beliefs of the management of NTT in light of information currently available to it regarding NTT, the economy and telecommunications industry in Japan and overseas, and other factors. These projections and estimates may be affected by the future business operations of NTT and its subsidiaries and affiliates, the state of the economy in Japan and abroad, possible fluctuations in the securities markets, the pricing of services, the effects of competition, the performance of new products, services and new businesses, changes to laws and regulations affecting the telecommunications industry in Japan and elsewhere, other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein, as well as other risks included in NTT's most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.

NTTis... Summer 2010
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