News Release zvws090805b

August 5, 2009
[U.S. GAAP]

Financial Results Release
For the Three Months Ended June 30, 2009

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 and Chief Executive Officer
Contact: Koji Ito, Head of IR, Finance and Accounting Department/ TEL (03)5205-5581
Scheduled date of filing quarterly securities report: August 6, 2009

1.	Consolidated Financial Results for the Three Months Ended June 30, 2009 (April 1, 2009 - June 30, 2009)

Amounts are rounded off to nearest million yen.

(1)	Consolidated Results of Operations

Notes:	1.	Percentages above represent changes from the corresponding previous period.
	2.	Since "Net Income" includes noncontrolling interests from the fiscal year ending March 31, 2010 in accordance with Statement of Financial Accounting Standards ("SFAS") No. 160, "Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51", "Net Income" is not presented on this page. For further details, see Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51".

(2)	Consolidated Financial Position

Note:

"Nippon Telegraph and Telephone Corporation Shareholders' Equity" was previously referred to as "Shareholders' Equity" in prior years.

2.	Dividends

Note:

Change in forecasts of dividends during the three months ended June 30, 2009: None

3.	Consolidated Financial Results Forecasts for the Year Ending March 31, 2010 (April 1, 2009 - March 31, 2010)

3. Consolidated Financial Results Forecasts for the Year Ending March 31, 2010 (April 1, 2009 - March 31, 2010)

Notes:	1.	Percentages above represent changes from the previous period.
	2.	Change in consolidated financial results forecasts for the year ending March 31, 2010 during the three months ended June 30, 2009: None
	3.	As NTT evaluates the business performance on an annual basis, consolidated financial results forecasts for six months ending September 30, 2009 are not provided.
	4.	Since "Net Income" includes noncontrolling interests from the fiscal year ending March 31, 2010 in accordance with SFAS No. 160, "Net Income" for the Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2010 is not presented on this page. For further details, see Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51".

Others

(1)

Change in significant consolidated subsidiaries (which resulted in changes in scope of consolidation): None

(2)

Adoption of accounting which is simplified or exceptional for quarterly consolidated financial statements: None

(3)

Change in significant accounting principles, procedures and presentation in quarterly consolidated financial statements

(i) Change due to revision of accounting standards and other regulations: Yes
(ii) Others: None
(For further details, please see "Others".)

(4)

Number of shares outstanding (common stock)

Number of shares outstanding (including treasury stock):

June 30, 2009 :		1,574,120,900 shares
March 31, 2009:		1,574,120,900 shares

Number of treasury stock:

June 30, 2009 :		250,837,590 shares
March 31, 2009:		250,844,167 shares

Weighted average number of shares outstanding:

For the three months ended June 30, 2009:		1,323,281,408 shares
For the three months ended June 30, 2008:		13,638,834 shares

Explanation for forecasts of operation and other notes:
With regard to the consolidated financial results forecasts, please refer to here.
With regard to the assumptions and other related matters concerning the above estimated results, please refer to "Others" and "Assumptions and other related matters concerning the above estimated results".
Figures provided for Dividends per Share end of the second quarter for the fiscal year ended March 31, 2009 and Weighted average number of shares outstanding for the three months ended June 30, 2008 are calculated based on the number of shares before the stock split that took effect on January 4, 2009.

(Reference)

Statement of Financial Accounting Standards ("SFAS") No. 160, "Noncontrolling Interests in　Consolidated Financial Statements - an Amendment of ARB No. 51."

Effective April 1, 2009, we adopted SFAS No. 160 "Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51". SFAS No.160 establishes accounting and reporting standards for the noncontrolling interest (previously referred to as minority interests) in a subsidiary and for the deconsolidation of a subsidiary. SFAS No.160 requires single method of accounting as equity transactions for changes in a parent's ownership interest in a subsidiary that do not result in deconsolidation.
Upon the adoption of SFAS No. 160, "Net Income", which includes income attributable to noncontrolling interests, and "Net Income Attributable to Nippon Telegraph and Telephone Corporation ("NTT")" are presented in the consolidated statements of income. "Net Income Attributable to NTT", "Earnings per Share Attributable to NTT" and "Diluted Earnings per Share Attributable to NTT" for the Consolidated Results of Operations for the three months ended June 30, 2008 and 2009 as well as "Net Income Attributable to NTT" and "Earnings per Share Attributable to NTT" for the Consolidated Financial Results Forecasts for the year ending March 31, 2010 are as follows:

Consolidated Financial Results for the Three Months Ended June 30, 2009 (April 1, 2009 - June 30, 2009)

Amounts are rounded off to nearest million yen.
Consolidated Results of Operations

Consolidated Financial Results Forecasts for the Year Ending March 31, 2010 (April 1, 2009 - March 31, 2010)

*	"Net Income Attributable to NTT" is calculated in the same manner as "Net Income" previously reported until last fiscal year. (Percentages above represent changes from the previous year.)