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NTT Press Releases

May 10, 2019

Nippon Telegraph and Telephone Corporation

Establishment of NTT Anode Energy

In June 2019, Nippon Telegraph and Telephone Corporation (headquartered in Chiyoda Ward, Tokyo; Jun Sawada, President & CEO; hereinafter referred to as “NTT”) is going to establish NTT Anode Energy Corporation a company for the promotion of new business in “smart energy” which it announced on March 27, 2019.

The NTT Group is pursuing the business in “smart energy” in keeping with its agenda of business creation drawing on its human resources, technology, and assets, and achievement of sustained growth over the medium and long terms. It has posted the goal of doubling its sales in energy-related business in the Group as a whole to the order of 600 billion yen by fiscal 2025.

Toward the launch and establishment of “smart energy” business, NTT is going to establish NTT Anode Energy Corporation as a member of the NTT Group in June 2019 and initiate preparations for that company’s start of operations. At the same time, it will build a setup enabling prompt provision of new services while optimizing service development, provision, and operation resources among concerned Group companies.

Under the new organization driven by the company promoting energy business, the NTT Group will pursue business in the three domains of power generation, transmission ⁄ distribution ⁄ storage, and retailing ⁄ wholesaling in addition to the existing approaches led by NTT Facilities, Ennet, and NTT Smile Energy. Through this business, it will take aim at higher competitiveness and expanded earnings in its energy business.

Outline of the company for promotion of energy business

(1) Company name NTT Anode Energy Corporation
(2) Location Chiyoda Ward, Tokyo
(3) Representative’s title and name Motoyuki Ii, President, concurrently serving as Senior Executive Vice President of Nippon Telegraph and Telephone Corporation
(4) Business Development of solutions related to “smart energy” business
Development & SE, investment & funding for smart energy business, and wholesale of solutions for Group and partner companies
(5) Paid-in capital etc. 350 million yen
(6) Main shareholder and holding rate Nippon Telegraph and Telephone Corporation, 100%
(7) Number of employees about 30 (initially)
(8) Schedule Establishment in June 2019
Start of operations in September 2019 (tentative)

(Reference)“NTT Group’s New Smart Energy Business”

(Press release, March 27, 2019)
http://www.ntt.co.jp/news2019/1903e/190327a.html

Contact for inquiries about this release

Public Relations Office

Nippon Telegraph and Telephone Corporation
Tel: 03-5205-5550
e-mail: ntt-cnr-ml@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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