Attachment 5

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

Six-months Ended September 30    1998 1999    OPERATING REVENUES   4,711,693   5,009,196   47,256 OPERATING EXPENSES   4,217,604   4,445,311   41,936 OPERATING INCOME   494,089   563,885   5,319 NON-OPERATING REVENUES   37,731   30,166   284 NON-OPERATING EXPENSES   127,274   101,840   960 RECURRING PROFIT   404,546   492,210   4,643 EXTRAODINARY PROFIT   ---   69,253   653 EXTRAODINARY LOSS   ---   31,800   300 INCOME BEFORE TAXES   404,546   529,663   4,996 CORPORATION, INHABITANT AND ENTERPRISE TAXES   132,207   222,263   2,096 MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES   7,361   66,994   632 NET INCOME   264,977   240,405   2,267 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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