Nippon Telegraph and Telephone Corporation
May 13, 2003

Consolidated Statement of Income
Fiscal Year Ended March 31, 2003


[ Results of Operations ]

[ Results of Operations ]
Note: This Consolidated Statement of Income has been prepared in accordance with the accounting principles generally accepted in the United States (U.S. GAAP).
A comparison of financial results between U.S. GAAP and Japanese GAAP is provided on this [ Comparison of Financial Results between U.S. GAAP and Japanese GAAP ].


[ Operating Performance of NTT and Subsidiaries ]

[ Operating Performance of NTT and Subsidiaries ]
* Figures for NTT DoCoMo's recurring profit are income (loss) before income taxes.


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