Message from the CEO
Last updated : June 20, 2017
Business Results for FY2016*Net income reached new record levels due to NTT Group's successful efforts to further profit growth
- *The Fiscal Year Ended March 31, 2017
NTT Group's consolidated operating revenues decreased by ¥150 billion to ¥11,391.0 billion (a decrease of 1.3% from the previous fiscal year), as a result of a foreign exchange loss of ¥220 billion due to the effects of the appreciation of the yen in foreign exchange rates.
Operating income increased considerably by ¥191.6 billion to ¥1,539.8 billion (an increase of 14.2% from the previous fiscal year) due to progress in streamlining expenses in the regional communications business segment, as well as income growth associated with an increase in revenues from the mobile communications business segment and the effect of NTT Group's change in the depreciation method for property, plant and equipment.
Net income increased ¥62.4 billion to ¥800.1 billion (an increase of 8.5% from the previous fiscal year), reaching new record levels. As a result, earnings per share (EPS) increased ¥41 from the previous fiscal year to approximately ¥391.
Forecast for FY2017**NTT Group aims to achieve record levels in all of operating revenues, operating income and net income.
- **The Fiscal Year Ending March 31, 2018
The forecast for NTT Group's operating revenues for FY2017 is an increase of ¥359 billion to ¥11,750 billion (an increase of 3.2% year-over-year), due to an anticipated considerable increase in the amount of overseas sales as a result of NTT Group's expansion as well as an expected increase in revenues from the mobile communications business segment.
The forecast for operating income is an increase of ¥50.2 billion to ¥1,590 billion (an increase of 3.3% year-over-year), due to an expected growth in profits and efforts to improve cost effectiveness across each group company.
The forecast for net income is an increase of ¥29.9 billion to ¥830 billion (an increase of 3.7% year-over-year), due to an increase in operating income. Earnings per share is expected to increase ¥23 to ¥414.
We kindly ask for your continued understanding and support.
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