December 11, 2017
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.
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.
(Millions of yen)
|Operating Revenues||Operating Income||Recurring Profit||Net Income||Earnings
|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|
|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|
Nippon Telegraph and Telephone Corporation
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