|Barclays Capital Japan Limited||Keiichi Yoneshima|
|BNP Paribas Securities (Japan) Limited||Hiroshi Yamashina|
|Citigroup Global Markets Japan Inc.||Hideki Takoh|
|Credit Suisse Securities (Japan) Limited||Hitoshi Hayakawa|
|Goldman Sachs Japan Co., Ltd.||Ikuo Matsuhashi|
|HSBC Limited||Neale Anderson|
|JPMorgan Securities Japan CO., Ltd.||Hitoshi Hosoya|
|Macquarie Securities Limited||Nathan Ramler|
|Merrill Lynch Japan Securities Co., Ltd.||Yoshiyuki Kinoshita|
|Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.||Hideaki Tanaka|
|Mizuho Securities Co., Ltd.||Kei Takahashi|
|Morgan Stanley MUFG Securities, Co., Ltd||Tetsuro Tsusaka|
|Nomura Securities Co., Ltd.||Daisaku Masuno|
|SMBC Nikko Securities Inc.||Shinji Moriyuki|
|UBS Securities Japan Ltd||Makio L. Inui|
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.