Consolidated Semi-annual Financial Results Release
For the Six Months Ended September 30, 2005 		November 9, 2005
[U.S. GAAP]

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: November 9, 2005
Adoption of U.S. GAAP: Yes

1.  Consolidated Financial Results for the Six Months Ended September 30, 2005 (April 1, 2005 - September 30, 2005)
Amounts are rounded off to nearest million yen throughout this report.
(1) Consolidated Results of Operations
(1) Consolidated Results of Operations

(2) Consolidated Financial Position
(2) Consolidated Financial Position

(3) Consolidated Cash Flows
(3) Consolidated Cash Flows

(4) Number of Consolidated Subsidiaries and Affiliated Companies Accounted for Under the Equity Method
     The number of consolidated subsidiaries:          414
     The number of unconsolidated subsidiaries accounted for under the equity method:          4
     The number of affiliated companies accounted for under the equity method:          97

(5) Changes of Reporting Entities
     The number of consolidated subsidiaries added:          61
     The number of consolidated subsidiaries removed:          44
     The number of companies accounted for under the equity method added:          5
     The number of companies accounted for under the equity method removed:          49

2.  Consolidated Financial Results Forecasts for the Year Ending March 31, 2006 (April 1, 2005 - March 31, 2006)
2. Consolidated Financial Results Forecasts for the Year Ending March 31, 2006 (April 1, 2005 - March 31, 2006)
(Reference)  Expected earnings per share (Fiscal year ending March 31, 2006):    37, 981.71 yen
Note:  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]).


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