News Release 041110c

November 10, 2004
[Japanese GAAP]

Non-consolidated Semi-annual Financial Results Release
For the Six Months Ended September 30, 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 the meeting of the board of directors for approval of non-consolidated financial statements: November 10, 2004
Interim dividends plan: Yes
Date of the interim dividend payments: December 7, 2004
Adoption of the Unit Share System: No

1.	Non-consolidated Financial Results for the Six Months Ended September 30, 2004 (April 1, 2004 - September 30, 2004)

Amounts are rounded off per 1 million yen throughout this report.
(1) Non-consolidated Results of Operations

Notes:

Weighted average number of shares outstanding (non-consolidated):

	For the six months ended September 30, 2004:	15,740,969 shares
	For the six months ended September 30, 2003:	15,932,306 shares
	For the year ended March 31, 2004:	15,855,684 shares

Change in accounting policy

Percentages above represent changes from the corresponding previous semi-annual period.

(2) Dividends

(3) Non-consolidated Financial Position

Notes:

Number of shares outstanding at end of period (non-consolidated):

September 30, 2004:	15,740,708 shares
September 30, 2003:	15,932,108 shares
March 31, 2004:	15,741,201 shares

Number of treasury stock:

September 30, 2004:	501 shares
September 30, 2003:	337 shares
March 31, 2004:	8 shares

2.	Non-consolidated Financial Results Forecasts for the Year Ending March 31, 2005 (April 1, 2004 - March 31, 2005)

(Reference) Expected Earnings per Share (Year ending March 31, 2005):28,905.94 yen
With regard to the assumptions and other related matters concerning the above estimated results, please refer to this(3. BUSINESS RESULTS AND FINANCIAL CONDITIONS:[NOTE]).