I would like to present here a brief introduction to “NTTis... 2010 Summer Edition,” and to take this opportunity to thank all shareholders for your continued support.
Having been reappointed at the recent ordinary general meeting of shareholders, I will continue to act in the capacity of president, and shall do all in my power to further develop our business.

During the fiscal year ended March 31, 2010, NTT Group has worked to expand its broadband and ubiquitous services pursuant to its Medium-Term Management Strategy, adopted in May 2008, entitled "Road to Service Creation Business Group."
In the fixed-line communications field, NTT Group further expanded the coverage area for "FLET'S Hikari Next," the next-generation network (NGN) commercial service, and took steps to enhance customer service by, among other things, reducing the lead time between a customer's application and the start of FLET'S Hikari service and by strengthening support services.
In the mobile communications field, NTT Group introduced new services to support its customers' lifestyles through mobile phones, including function enhancements for the "i-concier" activity support service and DOCOMO Keitai Sokin (mobile payment), a new mobile phone payment method. In addition, as part of its efforts to increase data communications use, NTT Group revised billing plans and worked to enhance the content offerings for video and other services.
In the solutions field, NTT Group worked to expand its service line-up to include outsourcing and information security, complementing its construction and provision of customer systems.  NTT Group also reorganized some of its business structures and sought to strengthen its sales capabilities, mainly through acquisitions of other service providers, to proactively meet the needs of customers and society.
Also, with respect to upper layer services that provide services using broadband networks, while taking steps to enhance its services, such as the IPTV service "Hikari TV," NTT Group promoted cooperation with business partners in a wide range of fields, including education.
Moreover, in global businesses, NTT Group moved forward with the expansion of overseas data centers and the improvement of its solutions services. In addition to enhancing the convenience and reliability of its networks, NTT Group also directed its efforts toward the global expansion of its content distribution and other application services.

During the fiscal year ending March 31, 2011, NTT Group will pursue the following three initiatives and continue to develop our business based on the Medium-Term Management Strategy.
First, as for "promotion of service creation," NTT Group will continue to construct the world's most advanced broadband network infrastructure for both fixed-line and mobile communications, and devote its full efforts to the creation of services on this network platform. At the same time, NTT Group will contribute to the promotion of ICT use and the spread of broadband services.
Secondly, as for "deployment of global businesses," NTT Group will expand its ICT service line-up and service areas, improve its global network services, and will exert further efforts in application services such as content distribution services.
Thirdly, as for "responding to social issues," NTT Group will utilize ICT in addressing various social problems, such as the aging of society and declining birth rate, the quality of healthcare and education, as well as the operation and management of roads, water systems and other public infrastructure. NTT Group will seek to contribute to the solution of these problems by creating new social systems through cooperation with partners in various fields. To address environmental issues, which are a global concern, NTT Group will also bolster its efforts for realizing a low-carbon society.

NTT has identified the return of profits to shareholders as an important management goal and makes it a basic policy to enhance the return of profits to shareholders over the medium term.
In determining the level of dividends, NTT gives consideration to stability and sustainability, and plans a dividend for the fiscal year ending March 31, 2011 of ¥120 per share, the same amount as the previous fiscal year.
On May 14, 2010, the board of directors adopted a policy to cancel all treasury stock existing as of March 31, 2010 (approximately 250 million shares). The cancellation will take place over two fiscal years, and one-half of the treasury stock shall be cancelled during this calendar year.

I would like to conclude this message by thanking our shareholders in advance for your further understanding and support.