May 14, 2004 [U.S. GAAP] Consolidated Financial Results Release For the Year Ended March 31, 2004 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 14, 2004 Adoption of U.S. GAAP: Yes   1.Consolidated Financial Results for the Year Ended March 31, 2004 (April 1, 2003 - March 31, 2004)   Amounts are rounded off to nearest million yen throughout this report. (1) Consolidated Results of Operations   (2) Consolidated Financial Position     (3) Consolidated Cash Flows     (4) Numbers of Consolidated Subsidiaries and Affiliated Companies Accounted for Using the Equity Method   The number of consolidated subsidiaries: 347 The number of unconsolidated subsidiaries accounted for using the equity method: 75 The number of affiliated companies accounted for using the equity method: 97   (5) Changes of Reporting Entities   The number of consolidated subsidiaries added: 38 The number of consolidated subsidiaries removed: 25 The number of companies on the equity method added: 31 The number of companies on the equity method removed: 85 2.Consolidated Financial Results Forecasts for the Year Ending March 31, 2005 (April 1, 2004 - March 31, 2005)   Copyright (c) 2004 Nippon telegraph and telephone corporation