Nippon Telegraph and Telephone Corporation

May 13, 2003


Consolidated Statement of Income
Fiscal Year Ended March 31, 2003
Consolidated Statement of Income
Fiscal Year Ended March 31, 2003

- Results of Operations
- Operating Performance of NTT and Subsidiaries
- Projection for Consolidated Operating Performance for Fiscal Year Ending March 31, 2004
- Reference
- Comparison of Financial Results between U.S. GAAP and Japanese GAAP

Fiscal Year Ended March 31, 2003 (Non-Consolidated)
(Based on Japanese Accounting Principles)
- Results of Operations
- The Outline of Appropriation of Unappropriated Retained Earnings


Consolidated Financial Results Release May 13, 2003
For the Fiscal Year Ended March 31, 2003 [U.S. GAAP]
Consolidated Financial Results Release May 13, 2003
For the Fiscal Year Ended March 31, 2003 [U.S. GAAP]
[Reference]
1. Status of The NTT Corporate Group
Organizational Chart of The NTT Group
2. Business Operation Policy
3. Business Results and Financial Conditions
4. Consolidated Balance Sheets
5. Consolidated Statements of Income
6. Consolidated Statements of Shareholders' Equity
7. Consolidated Statements of Cash Flows
8. Business Segments (Consolidated)
9. Securities (Consolidated)
10. Financial Instruments (Consolidated)
11. Employees' Severance Payments (Consolidated)
12. Other Matters

Non-consolidated Financial Results Release
For the Fiscal Year Ended March 31, 2003 [Japanese GAAP]
1. Non-Consolidated Comparative Balance Sheets
2. Non-Consolidated Comparative Statements of Income
3. Proposal of Appropriation of Unappropriated Retained Earnings
4. Securities
5. Change of Auditors
Attachment NTT's Shares and Shareholders (as of March 31, 2003)


NTT NEWS RELEASE

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