FOR INFORMATION
July 10, 1998


NTT Amends Projected Consolidated
Financial Results for FY 1999



Nippon Telegraph and Telephone Corporation (NTT) has amended its projected financial results for FY 1999 (April 1, 1998 to March 31, 1999), which were announced on May 22, 1998 as follows:

Projected financial results for FY 1999
(millions of yen)
Projected financial results for FY 1999



The amendment was made necessary by NTT's plan to transfer personal handy-phone system (PHS) services from NTT Personal Group companies (NTT Personal) to NTT DoCoMo companies. The following projected benefits/charges will be realized/incurred on a consolidated basis as a result of the liquidation.

- Projected decreases of corporate tax,
inhabitant tax and business tax
135 billion yen
- Projected increase of non-operating expenses4 billion yen
- Projected decrease of minority interest13 billion yen



NTT's consolidated results for FY 1998 (April 1, 1997 to March 31, 1998) remain unchanged as follows:
(millions of Yen)
Operating Revenues,Recurring Profit,Net Income



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