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4-1. Financial Results and Projections of Core Group Companies

| Notes :1 |
Operating Revenues of NTT East and NTT West for 1st Quarter ended June 30, 2004 include expected settlement of interconnection charges based on the LRIC methodology of 4.3 billion yen and 3.7 billion yen, respectively. |
| 2 |
Operating Revenues from Voice Transmission Services of NTT East and NTT West for 1st Quarter ended June 30, 2004 include Monthly Charges, Call Rates and Interconnection Rates of 231.5 billion yen, 50.2 billion yen and 52.3 billion yen, and 223.2 billion yen, 52.3 billion yen and 51.1 billion yen, respectively. |
| 3 |
Operating Revenues from IP of NTT East and NTT West include corporate IP telephony services in Voice Transmission Services, and monthly charges and installation fees of IP services in Leased Circuit Services. |
| 4 |
Figures for purchase of goods and services of NTT East and Operating Revenue of NTT West include 18.4 billion yen subsidy from NTT East to NTT West respectively at fiscal year ended March 31, 2004, and 4.4 billon yen subsidy from NTT East to NTT West at 1st Quarter ended June 30, 2004. |
4-2. Financial Results and Projections of Core Group Companies

| Notes :1 |
Operating Revenues of NTT Communications for the 1st Quarter ended June 30, 2004 include revenues from telephone subscriber lines (67.6 billion yen) for Voice Transmission, revenues from OCN (32.3 billion yen), IP-VPN (15.0 billion yen) and Frame Relay / Cell Relay (9.1 billion yen) for Data Transmission, revenues from conventional leased circuits (3.4 billion yen) and high-speed digital (16.8 billion yen) for leased circuit. |
| 2 |
* Partial listing only. |
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Copyright (c) 2004 Nippon telegraph and telephone corporation
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