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Analyst CoverageLast updated : April 13, 2012

Barclays Capital Japan Ltd, Keiichi Yoneshima
BNP PARIBAS Hiroshi Yamashina
Citigroup Global Markets Japan Inc. Hideki Takoh
Ravi Sarathy
Hideyuki Nakanishi
Credit Suisse Hitoshi Hayakawa
Daiwa Securities Co. Ltd. Koki Shiraishi
Deutsche Securities Yoshio Ando
Goldman Sachs Limited Ikuo Matsuhashi
Kyoko Sano
HSBC Securities Neale Anderson
JPMorgan Securities Japan CO., Ltd. Hitoshi Hosoya
Macquarie Securities Limited Nathan Ramler
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Hideaki Tanaka
Mizuho Securities Atsuo Takahashi
Morgan Stanley MUFG Securities, Co., Ltd Tetsuro Tsusaka
Takahisa Ueshima
Nomura Securities Co., Ltd. Daisaku Masuno
SMBC Nikko Securities Inc. Shinji Moriyuki
UBS Securities Japan Ltd Makio L. Inui
Kohei Kajimoto

The above list is provided only for the purposes of informing investors of the names of analysts and related brokerage firms which provide analyses and forecasts of the company's business performance. This list may not be complete and is subject to change as firms add or delete coverage of NTT. This list is not intended to induce or recommend the purchase or sale of the company's shares. The company does not endorse or support the opinions, forecasts or predictions of the analysts listed here, nor does the company guarantee the accuracy. Furthermore, it is possible that not all of the information provided by these analysts is current and there may be inconsistencies.
Analysts are independent of NTT. Analysts exercise their own judgment in their analysis of the company's finances, performance results, business activities and technologies, the operating environment and economic trends, and independently forecast the company's results. Neither the company nor its management is involved in these processes in any way.
NTT does not distribute copies of analysts' reports and any reliance by investors on these reports are at their own risk.

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