[Consolidated Financial Results Forecasts for the Year Ending March 31, 2005] * "Income before Income Taxes" for NTT (Holding Company), NTT East, NTT West, NTT Communications, and NTT DATA represent their recurring profits. Note: The consolidated financial results forecasts above 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 NTT in light of the information currently available to it. The projected numbers in this report were derived using certain assumptions that are indispensable for making projections in addition to facts that have been ascertained in the past and confirmed accurately. Risks and uncertainties inherent in future projections, NTT's future business operation, the status of the economy in Japan and abroad, possible fluctuations in the securities markets and other changes in circumstances could cause NTT's actual results to differ materially from the projected figures above. <Reference> The numbers of the other consolidated subsidiaries (347 companies) are as follows: NTT East Corporation Group (74 companies) NTT West Corporation Group (52 companies) NTT Communications Group (47 companies) NTT DATA Group (41 companies) NTT DoCoMo Group (37 companies) and NTT Facilities Group (11 companies), NTT Urban Development Group (8 companies), NTT Comware Corporation Group (8 companies), NTT Business Associe Group (35 companies), and 34 other companies. Copyright (c) 2004 Nippon telegraph and telephone corporation