Attachment 2


NIPPON TELEGRAPH AND TELEPHONE CORPORATION
NON-CONSOLIDATED STATEMENTS OF INCOME
(Based on Japanese Accounting Principles)



  Six-months Ended September 30
  19981999
  
OPERATING REVENUES  3,029,568  1,528,871  14,423
OPERATING EXPENSES  2,889,474  1,427,227  13,464
OPERATING INCOME  140,094  101,644  958
NON-OPERATING REVENUES  55,889  68,671  647
NON-OPERATING EXPENSES  72,842  63,946  603
RECURRING PROFIT  123,142  106,368  1,003
EXTRAORDINARY PROFIT  ---  71,827  677
EXTRAORDINARY LOSS  31,751  4,293  40
INCOME BEFORE TAXES  91,390  173,902  1,640
CORPORATION, INHABITANT AND ENTERPRISE TAXES   ---  24,800  233
CORPORATION AND INHABITANT TAXES  28,300  ---  ---
NET INCOME  63,090  149,102  1,406

Note:Yen amounts have been translated, for convenience only, at 106 yen=1.00 US dollar, the approximate exchange rate on September 30, 1999. Fractions are rounded down.



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