In addition to the increase in IP-related revenues attributable to the increase in FLET'S Hikari subscriptions, other revenues increased, particularly among the upper-layer subsidiaries.
The rate of decline in voice related services revenues decreased due to a slower expansion of subscribers choosing the mobile phone Value Plan and a decrease in the decline in fixed-line telephone subscriptions.
Expenses declined as a result of a reduction in personnel costs due to an actuarial loss in pension programs and further group-wide efforts to reduce costs.

"NTT Consolidated" means the consolidated financial results for NTT Group's 551 consolidated subsidiaries and 90 companies accounted for under the equity method of accounting. NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION (NTT East), NIPPON TELEGRAPH AND TELEPHONE WEST CORPORATION (NTT West), NTT COMMUNICATIONS CORPORATION (NTT Com), NTT DATA CORPORATION (NTT DATA) and NTT DOCOMO, INC. (NTT DOCOMO) are listed as the five main subsidiaries.
