Financial Results Release For the Six Months Ended September 30, 2010

November 9, 2010
[U.S. GAAP]

Financial Results Release
For the Six Months Ended September 30, 2010

Name of registrant: Nippon Telegraph and Telephone Corporation (“NTT”)
Code No.: 9432 (URL http://www.ntt.co.jp/ir/)
Stock exchanges on which the Company’s shares are listed: Tokyo, Osaka, Nagoya, Sapporo and Fukuoka
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: November 10, 2010
Scheduled date of dividend payments: December 13, 2010
Supplemental material on quarterly results: Yes
Presentation on quarterly results: Yes (for institutional investors and analysts)

1.	Consolidated Financial Results for the Six Months Ended September 30, 2010 (April 1, 2010 - September 30, 2010)

Amounts are rounded off to nearest million yen.

(1)	Consolidated Results of Operations

Note:

Percentages above represent changes from the corresponding previous period.

(2)	Consolidated Financial Position

2.	Dividends

Note:

Change in forecasts of dividends during the three months ended September 30: None

3.	Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2011 (April 1, 2010 - March 31, 2011)

3. Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2011 (April 1, 2010 - March 31, 2011)

Notes:	1.	Percentages above represent changes from the previous period.
	2.	Change in consolidated financial results forecasts for the fiscal year ending March 31, 2011 during the three months ended September 30, 2010: Yes

4.	Others

(1)

Change in significant consolidated subsidiaries during the six months ended September 30, 2010, which resulted in changes in the scope of consolidation : None
(Changes in significant subsidiaries for the six months ended September 30, 2010 which resulted in changes in scope of consolidation)

(2)

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

(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):

	September 30, 2010	: 1,574,120,900 shares
	March 31, 2010	: 1,574,120,900 shares

Number of treasury stock:

	September 30, 2010	: 250,940,905 shares
	March 31, 2010	: 250,923,665 shares

Weighted average number of shares outstanding:

	For the six months ended September 30, 2010	: 1,323,188,617 shares
	For the six months ended September 30, 2009	: 1,323,282,575 shares

	*	Presentation on the status of quarterly review process: This earnings release is not subject to the quarterly review process as required by the Financial Instruments and Exchange Act of Japan. As of the date when this earning release was issued, the review process on quarterly financial statements as required by the Financial Instruments and Exchange Act had not been finished.
	*	Explanation for forecasts of operation and other notes: Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently available and certain assumptions that we regard as reasonable and therefore actual results may differ materially from those contained in or suggested by any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the fiscal year ending March 31, 2011, please refer to “(2) Qualitative Information relating to Consolidated Financial Standing ”,“(3) Qualitative Information Relating to Consolidated Results Forecasts” and “Assumptions and other related matters concerning the above estimated results”.