| 2. BUSINESS OPERATION POLICY | ||||||||
The accelerated growth of the information and communications market has spurred a greater diversity and complexity in customer demands. In order to meet such customer needs, NTT will undertake to achieve the following three management objectives. a) Use the combined strengths of NTT to actively build the ubiquitous broadband market and help achieve the e-Japan Strategy and the u-Japan Initiative. b) Build a safe, secure, and convenient communications network environment and broadband access infrastructure, while achieving a seamless migration from fixed line to IP telephony services and from metal wire systems to optical fiber. c) Strive to increase corporate value and achieve sustained growth.
NTT believes that one of its most important objectives is to generate returns for its shareholders through increasing corporate value over the mid-to long-term. Dividends will be determined based on an overall assessment of NTT's operating trends, financial condition and other factors including, while also considering stability and consistency of dividend payments. NTT intends to use internal funds for investments in new business opportunities and to strengthen its financial standing, while also taking steps to further improve the efficiency of its capital structure. NTT intends to continue its practice of paying dividends twice a year (annual dividend and mid-year interim dividend) following the effectiveness of the new Corporation Law.
The reduction of minimum trading lots for shares is believed to expand the scope of investors. NTT will decide on this matter while taking into account such factors as shareholder composition, liquidity, and the cost of such measures.
NTT has no parent company. | ||||||||
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