News Release zvws090805b

4. 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

Business Combinations
Effective April 1, 2009, NTT Group adopted Statement of Financial Accounting Standards No. 141R ("SFAS 141R"), "Business Combinations." SFAS 141R requires use of the acquisition method of accounting, defines the acquirer, establishes the acquisition date and broadens the scope to all transactions and other events in which one entity obtains control over one or more other businesses. The adoption of SFAS 141R did not have a material impact on the results of operations or the financial position of NTT Group for the three months ended June 30, 2009.

Noncontrolling Interests in Consolidated Financial Statements
Effective April 1, 2009, NTT Group adopted Statement of Financial Accounting Standards No. 160 ("SFAS 160"), "Noncontrolling Interests in Consolidated Financial Statements - an amendment of Accounting Research Bulletin No. 51." SFAS 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 160 requires the presentation that the noncontrolling interest should be reclassified to equity and consolidated net income should be adjusted to include net income attributed to the noncontrolling interest in the consolidated financial statements. SFAS160 also 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.
The adoption of SFAS 160 has an impact on the presentation of noncontrolling interests in the consolidated financial statements including retrospective reclassification; however, the adoption of SFAS 160 did not have a material impact on the results of operations or financial position of NTT Group.

Accounting for Financial Guarantee Insurance Contracts
Effective April 1, 2009, NTT Group adopted Statement of Financial Accounting Standards No. 163 ("SFAS 163"), "Accounting for Financial Guarantee Insurance Contracts - an interpretation of Financial Accounting Standards Board Statement No. 60." SFAS 163 prescribes accounting for insures of financial obligations, bringing consistency to recognizing and recording premiums and to loss recognition. SFAS 163 also requires expanded disclosures about financial guarantee insurance contracts. The adoption of SFAS 163 did not have a material impact on the results of operations or the financial position of NTT Group.

Subsequent event
Effective April 1, 2009, NTT Group adopted Statement of Financial Accounting Standards No. 165 ("SFAS 165"), "Subsequent Events." SFAS 165 requires that the effect of subsequent events that occurred after the balance-sheet date and before the date the financial statements are either "issued" or "available to be issued" should be evaluated and disclosed. The adoption of SFAS 165 did not have an impact on the results of operations or the financial position of NTT Group.