May 11, 2007 [U.S. GAAP] Financial Results Release For the Year Ended March 31, 2007 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 (URL http://www.ntt.co.jp/ir/) Representative: Norio Wada, President Contact: Shigehito Katsuki, Head of IR, Department 4/ TEL(03)5205-5581 Scheduled date of the ordinary general meeting of shareholders: June 28, 2007 Scheduled date of dividend payments: June 29, 2007 Scheduled date of filing securities report: June 29, 2007 1.  Consolidated Financial Results for the Year Ended March 31, 2007 (April 1, 2006 - March 31, 2007) Amounts are rounded off to nearest million yen throughout this report. (1)  Consolidated Results of Operations (2)  Consolidated Financial Position (3)  Consolidated Cash Flows 2.  Dividends 3.  Consolidated Financial Results Forecasts for the Year Ending March 31, 2008 (April 1, 2007 - March 31, 2008) Note : Percentages above represent changes from the previous year. 4.  Other (1) Change in reporting entities (change in significant consolidated subsidiaries): No (2) Change in significant accounting policy and reclassification 1. Change caused by revision of accounting standard: Yes 2. Others: No (3) Number of shares outstanding (common stock) 1. Number of shares outstanding (including treasury stock) at end of year:   March 31, 2007: 15,741,209 shares March 31, 2006:   15,741,209 shares 2. Number of treasury stock at end of year:   March 31, 2007:   1,921,540 shares March 31, 2006:     1,919,356 shares 3. Weighted average number of shares outstanding:   For the year ended March 31, 2007: 13,820,769 shares For the year ended March 31, 2006:   14,315,049 shares [Japanese GAAP] (Reference) Non-Consolidated Financial Results For the Year Ended March 31, 2007 1.  Non-consolidated Financial Results for the Year Ended March 31, 2007 (April 1, 2006 - March 31, 2007) Amounts are rounded off per 1 million yen throughout this report. (1)  Non-consolidated Results of Operations (2)  Non-consolidated Financial Position 2.  Non-consolidated Financial Results Forecasts for the Year Ending March 31, 2008 (April 1, 2007 - March 31, 2008) Note : Percentages above represent changes from the previous year. Note : With regard to the assumptions and other related matters concerning the above estimated results, please refer to this (3. Business Operation Policy : Note). As NTT evaluates the business performance on an annual basis, prospects on a half-year basis are not provided. Copyright (c) 2007 Nippon telegraph and telephone corporation