Consolidated Financial Results Release For the Year Ended March 31, 2006 May 12, 2006 [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: May 12, 2006 Adoption of U.S. GAAP: Yes 1. Consolidated Financial Results for the Year Ended March 31, 2006 (April 1, 2005 - March 31, 2006) 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 Under the Equity Method The number of consolidated subsidiaries: 425   The number of unconsolidated subsidiaries accounted for under the equity method:   1   The number of affiliated companies accounted for under the equity method:   99 (5) Changes of Reporting Entities   The number of consolidated subsidiaries added: 79   The number of consolidated subsidiaries removed:   51   The number of companies accounted for under the equity method added:   14   The number of companies accounted for under the equity method removed:   59 2. Consolidated Financial Results Forecasts for the Year Ending March 31, 2007 (April 1, 2006 - March 31, 2007) (Reference) Expected Earnings per Share (Year ending March 31, 2007): 36,174.60 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] ). Copyright (c) 2006 Nippon telegraph and telephone corporation