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NTT Press Releases

December 11, 2017

Notice regarding the Revision of Non-Consolidated Financial Forecasts

Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to revise its non-consolidated financial forecasts for the fiscal year ending March 31, 2018, as stated below.

1.Reason for the Revision

NTT’s Board of Directors resolved today that NTT may participate in the tender offer to sell 74,599,000 shares (approximately 200 billion yen) of its current holdings of NTT DOCOMO, INC. (“NTT DOCOMO”) common stock. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2018, previously announced on November 10, 2017.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2018, because such events will not have a material impact on NTT’s consolidated results of operations.

2.Revised Non-Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2018

(Millions of yen)

  Operating Revenues Operating Income Recurring Profit Net Income Earnings
per Share
Previous Forecast (A) 662,000 532,000 529,000 530,000 264.00 yen
Revised Forecast (B) 662,000 532,000 529,000 727,000 362.00 yen
Change (B-A) 0 0 0 197,000  
Percentage Change (%) 0 0 0 37.2  
(Reference) Results of the Fiscal Year Ended March 31, 2017 474,380 339,686 334,901 288,117 140.77 yen
  • *NTT expects to record an extraordinary gain of 200.0 billion yen in connection with the sale of its shares in NTT DOCOMO. The proceeds from the sale of NTT DOCOMO shares are calculated based on the assumption that all tendered shares will be purchased, and at the tender offer price of “2,681 yen/share”. All or a portion of tendered shares may not be purchased.
  • *The figures for Earnings per Share (Previous Forecast) have been calculated based on NTT’s non-consolidated financial forecasts for the fiscal year ending March 31, 2018, previously announced on November 10, 2017.

For further inquiries, please contact:

Corporate Strategy Planning Department

Nippon Telegraph and Telephone Corporation
E-mail: jigyou@hco.ntt.co.jp

Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.

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