NTT Press Releases

February 7, 2019

NOTICE REGARDING THE REVISION OF DIVIDEND FORECASTS FOR THE FISCAL YEAR ENDING MARCH 31, 2019

Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to amend its forecast of dividend per share for the fiscal year ending March 31, 2019, as stated below.

1.Reason for the Revision

NTT has identified the return of profits to shareholders as an important management goal, and the implementation of steady dividend increases is a fundamental policy of its medium-term management strategy. NTT plans to increase its dividend as a result of taking into account a full range of factors, including business performance, financial standing and dividend payout ratio.

2.Details of the Revision

	Annual Dividends
	Interim Dividend	Year-end Dividend	Annual Total
Year Ending March 31, 2019 (Forecasts when previous annual results were announced)	85 yen (Actual)	85 yen	170 yen
Year Ending March 31, 2019 (Revised Forecast)	85 yen (Actual)	95 yen	180 yen

Year Ended March 31, 2018 (Results)	75 yen	75 yen	150 yen

For further inquiries, please contact:

Takumi Matsumoto or Takayuki Kimura

Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Contact us by email:
http://www.ntt.co.jp/ir/form_e/ref_contact.html

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Please be advised that information may be outdated after that point.

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