1. Qualitative Information (3) Qualitative Information Relating to Consolidated Results Forecasts Against a backdrop of sluggish exports resulting from concerns about the deterioration in the global economy and the impact of deflation, NTT Group recognizes that the Japanese economy as of late is at a stand still. Due to such factors as the drop in consumer confidence, delays in capital investments as a result of poor corporate profitability, and the increasingly fierce competitive environment, NTT Group forecasts that the market environment will continue to be difficult. In light of this market environment, NTT Group has revised its results forecast as follows. Despite an expected increase in revenues from the regional communications business, the anticipated decrease in revenues from the data communications business and the decrease in sales of mobile handsets by the mobile communications business caused the initial forecast for operating revenues to be revised downward by ¥20.0 billion to ¥10,140.0 billion. On the other hand, despite the anticipated decrease in revenues from the data communications business, due to efforts across the whole NTT Group to increase revenues led by the regional communications business, the forecast for operating income was revised upward by ¥15.0 billion from the initial forecast to ¥1,180.0 billion Furthermore, by factoring in, among other things, the exchange losses resulting from the acquisition of shares in Dimension Data Holdings plc, there is no change from the initial consolidated forecasts to net income attributable to NTT. For assumptions used in these results forecasts and other related matters, please see Assumptions and other related matters concerning the above estimated results. Copyright (c) 2010 Nippon telegraph and telephone corporation