News Release wrhb070802b

August 2, 2007
[U.S. GAAP]

Outline of Financial Results
For the Three Months Ended June 30, 2007

Name of registrant: Nippon Telegraph and Telephone Corporation
Code No.: 9432 (URL http://www.ntt.co.jp/ir/)
Stock exchanges on which the Company's shares are listed: Tokyo, Osaka, Nagoya, Fukuoka and Sapporo
Representative: Satoshi Miura, President
Contact: Koji Ito, Head of IR, Finance and Accounting Department/ TEL(03)5205-5581

1.	Consolidated Financial Results for the Three Months Ended June 30, 2007 (April 1, 2007 - June 30, 2007)

Amounts are rounded off to nearest million yen.

(1)	Consolidated Results of Operations

(2)	Consolidated Financial Position

(3)	Consolidated Cash Flows

2. Dividends
2.Dividends

3.	Consolidated Financial Results Forecasts for the Year Ending March 31, 2008 (April 1, 2007 - March 31, 2008)

3.Consolidated Financial Results Forecasts for the Year Ending March 31, 2008 (April 1, 2007 - March 31, 2008)

Notes:	1.	Percentages above represent changes from the previous year.
	2.	Except for Earnings per Share, forecasts for the fiscal year ending March 31, 2008 have not been changed from those announced on May 11, 2007. With regard to the assumptions and other related matters concerning the above estimated results, please refer to here.

*Consolidated financial statements are unaudited.

4. Other

(1)	Change in reporting entities (change in significant consolidated subsidiaries): No
(2)	Adoption of simplified accounting method: Yes Income taxes are calculated using an estimated annual income tax rate based on the statutory tax rate.
(3)	Change in accounting method from the most recent fiscal year: No

(Reference) Non-Consolidated Financial Results
For the Three Months Ended June 30, 2007

[Japanese GAAP]

1.	Non-consolidated Financial Results for the Three Months Ended June 30, 2007 (April 1, 2007 - June 30, 2007)

Amounts are rounded off per 1 million yen.

(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)

Notes:	1.	Percentages above represent changes from the previous year.
	2.	Except for Earnings per Share, forecasts for the fiscal year ending March 31, 2008 have not been changed from those announced on May 11, 2007. With regard to the assumptions and other related matters concerning the above estimated results, please refer to here.

*Non-consolidated financial statements are unaudited.

Notes:	1.	With regard to the assumptions and other related matters concerning the above estimated results, please refer to here.
	2.	As NTT evaluates the business performance on an annual basis, prospects on a half-year basis are not provided.
	3.	On July 1, 2007, the NTT Kosei-Nenkin-Kikin (" NTT Plan") received the permission to be relieved of the obligations related to past services to disburse the NTT Plan benefits covering the substitutional portion. Under U.S. GAAP, on a consolidated basis, gain or loss on transfer of such portion will be recognized when the entire transfer has been completed. With respect to the impact* which this transfer will have on consolidated earnings, the date of the transfer and the settlement amounts are undetermined and the impact from change in depreciation methods used in major subsidiaries is expected (i.e., increase in operating expenses). Accordingly, NTT plans to modify its full-year forecasted results at interim period.
		*As of March 31, 2007, the results of preliminary calculations were approximately 340 billion yen (decrease in operating expenses). For more information regarding the transfer of the substitutional portion of the NTT Plan, please see Consolidated Statements of Cash Flows and Non-Consolidated Comparative Statements of Cash Flows.