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May 13, 2003
[U.S. GAAP] |
Consolidated Financial Results Release
For the Fiscal Year Ended March 31, 2003
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Name of registrant: Nippon Telegraph and Telephone Corporation
Code No.: 9432
Stock exchanges on which the Company's shares are listed: Tokyo, Osaka,
Nagoya, Fukuoka, and Sapporo
Address of principal executive office: Tokyo, Japan
(URL http://www.ntt.co.jp/ir/)
Representative: Norio Wada, President
Contact: Shigehito Katsuki, Head of IR, Department 4/ TEL(03)5205-5581
Date of meeting of the board of directors for approval of consolidated
financial statements: May 13, 2003
Adoption of U.S. GAAP: Yes
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1. Consolidated Financial Results for the Fiscal Year Ended March 31,
2003 (April 1, 2002 - March 31, 2003)
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Amounts are rounded off per 1 million yen throughout this
report.
| (1) Consolidated Results of Operations |
(Millions of yen,
except per share amounts) |
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Notes: |
1. Equity in earnings (losses)
of affiliated companies: |
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| For the fiscal year ended
March 31, 2003: |
(329,536)
million yen |
| For the fiscal year ended
March 31, 2002: |
(668,688)
million yen |
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2. Weighted average number of shares
outstanding (consolidated): |
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| For the fiscal year ended
March 31, 2003: |
16,039,415
shares |
| For the fiscal year ended
March 31, 2002: |
16,134,538
shares |
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3. Change in accounting policy:Yes
(Adoption of new accounting principle) |
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4. Percentages above represent
changes compared to the previous year. |
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(2) Consolidated Financial Position |
(Millions of yen, except
per share amounts) |
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| Notes: |
Number of shares outstanding
at end of period (consolidated): |
Year ended March 31, 2003: |
15,932,436
shares |
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Year ended March 31, 2002: |
16,134,375
shares |
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(3) Consolidated Cash Flows |
(Millions of yen) |
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(4) Number of Consolidated Subsidiaries and Companies Accounted for
Using the Equity Method |
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| The number of consolidated
companies: |
334 |
| The number of unconsolidated
subsidiaries accounted for using the equity method: |
116 |
| The number of affiliated
companies accounted for using the equity method: |
110 |
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(5) Changes of Reporting Entities |
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| The number of consolidated
companies added: |
209 |
| The number of consolidated
companies removed: |
3 |
| The number of companies on
the equity method added: |
21 |
| The number of companies on
the equity method removed: |
182 |
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2. Consolidated Financial Results Forecasts for the Fiscal
Year Ending March 31, 2004 (April 1, 2003 - March 31, 2004) |
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(Reference) Expected Earnings per Share (Fiscal year ending March
31, 2004): 28,432.56 yen |
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| Notes: |
1. |
This forecasts are forward-looking statements about the
future performance of NTT which are based on the assumptions,
estimates, judgments, projections and beliefs of the management
of the NTT in light of the information currently available
to it. The projected numbers in this release were derived
using certain assumptions that are indispensable for making
projections in addition to historical facts that have been
acknowledged accurately. Risks and uncertainties inherent
in future projections, the NTT's future business operations,
the state of the economy in Japan and abroad, possible
fluctuations in the securities markets and other changes
in circumstances could cause the NTT's actual results to
differ materially from the projected figures.
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2. |
Starting with the year ended March 31, 2003, the consolidated
financial statements have been prepared in accordance with
the accounting principles generally accepted in the United
States (U.S. GAAP). We also present the figures in the
consolidated financial statements for the year ended March
31, 2002 in accordance with U.S. GAAP. |
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Copyright (c) 2003 Nippon telegraph and telephone corporation
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