NTT Amends Projected Financial Results for Fiscal Year 2004
Nippon Telegraph and Telephone Corporation ("NTT") has amended its projected non-consolidated financial results for fiscal year 2004 (April 1, 2003 through March 31, 2004).
In response to the stock buy-back offer made by its subsidiary NTT DoCoMo ("DoCoMo"), NTT sold 698,000 shares it owned in DoCoMo. For this reason, extraordinary profit will appear on NTT's non-consolidated financial results.
Projected Non-Consolidated Financial Results for Fiscal Year 2004
Extraordinary profit has been amended to 190,000 million yen from 0 million yen.
Profit on sale (pretax) arising from the sale of DoCoMo shares to be included in the NTT's consolidated financial results is estimated at 49,000 million yen.
For more information, please contact:
Nippon Telegraph and Telephone Corporation
Copyright (c) 2003 Nippon telegraph and telephone corporation