Financial Data and Key Metrics Changes - Operating revenue increased by ¥176.3 billion year-on-year, reaching record high levels for the first quarter, driven primarily by NTT Data and NTT Limited [6][5] - Operating income rose by ¥17.1 billion year-on-year, attributed to increased revenue from NTT Data and NTT Limited [6] - Profit increased by ¥28.6 billion year-on-year, supported by tax deferred assets [7] - Overseas operating income margin improved by 2.1 percentage points to 6.1% due to increased operating income at NTT Data and cost reductions at NTT Limited [7] Business Segment Data and Key Metrics Changes - Integrated ICT business segment saw revenue increases in enterprise and Smart Life businesses, but overall revenue declined due to price reductions in the consumer business, offset by cost reductions [8] - Regional Communication Business segment experienced a decline in fixed line voice revenue, with expectations for revenue and operating income growth from system integration and cost reductions in the full year [9] - Global Solutions Business segment reported increased revenue from robust digitalization demand at NTT Data and value-added services at NTT Limited, along with cost reductions from structural transformations [10] Market Data and Key Metrics Changes - The company is experiencing strong demand for digital transformation (DX) both domestically and internationally, reinforcing its portfolio to accommodate this demand [11] - The company has entered a capital and business partnership with Genesis Healthcare Company to enhance its medical and healthcare business, acquiring a 19.3% stake [12] Company Strategy and Development Direction - The company is focusing on decentralizing its organization to enhance resilience, with plans to establish decentralized offices in Takasaki City and Kyoto [13] - The company is conducting field testing for hydrogen transportation, aiming to participate in hydrogen power generation systems [14] - New solutions are being developed in collaboration with SAP to improve logistics and insurance processes through IoT technology [15] - The medium-term management strategy initiatives are being emphasized, although detailed explanations were not provided [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing structural transformation and its positive impact on profitability, with expectations for continued revenue growth in the second half of the fiscal year [25][28] - The company is monitoring the semiconductor shortage closely, which has impacted equipment sales, but remains hopeful for improvements in the supply chain [22][61] - Management acknowledged the challenges posed by rising electricity prices but indicated that hedging strategies are in place to mitigate risks [50][52] Other Important Information - The company anticipates a full-year cost reduction target of ¥930 billion, with significant progress already made in the first quarter [68] - Free cash flow remains stable compared to the previous fiscal year, with no specific problems identified in operating activities [71] Q&A Session Summary Question: Inquiry about NTT Limited's top line and profit - Management confirmed that the data center business drove revenue growth, while equipment sales were impacted by semiconductor shortages [21][22] Question: Clarification on operating income and net profit - Management explained that net profit was influenced by tax deferred assets and gains from subsidiary sales, with structural transformation expected to positively impact profitability [24][25] Question: Demand outlook for data centers - Management indicated strong ongoing demand for data centers, although macroeconomic changes could impact customer investments [31] Question: Cost reduction progress and synergies from integration - Management reported ahead of plan cost reductions and emphasized the importance of integrating operations for further efficiencies [68][69] Question: Free cash flow situation - Management stated that free cash flow is stable, with specific variances attributed to DOCOMO's performance and investment activities [71]

Financial Data and Key Metrics Changes - Operating revenue increased by ¥979.7 billion year-on-year, reaching ¥13,136.2 billion, attributed to growth in the Global Solutions business and electricity revenue [7][12] - Operating income rose by ¥60.4 billion year-on-year to ¥1,829 billion, driven by increased revenue and cost reductions [8][9] - Profit decreased by ¥32 billion to ¥1,213.1 billion, despite the increase in operating income [9] - Overseas operating income margin improved by 0.9 points to 7.2%, achieving the medium-term financial target of 7% one year ahead of schedule [9] Business Segment Data and Key Metrics Changes - Integrated ICT business segment saw an increase in both operating revenue and income year-on-year, despite price reductions in consumer communications [10] - Regional communications business experienced a drop in both operating revenue and income due to increased costs and delays in cost reduction measures [11] - Global Solutions business segment reported year-on-year increases in both operating revenue and income, driven by robust demand for digital services [12] - Other segment's operating revenue and income increased due to higher electricity business revenue reflecting rising fuel prices [12] Market Data and Key Metrics Changes - The impact of foreign currency fluctuations was noted as ¥280 billion [8] - Operating revenue is expected to decrease year-on-year in fiscal year 2023, while operating income and profit are forecasted to increase [13][14] Company Strategy and Development Direction - The new medium-term management strategy, titled "New Value Creation and Sustainability 2027, powered by ION," aims to innovate for a sustainable future and increase investment in growth areas by ¥8 trillion over five years [20][21] - The company plans to increase EBITDA by 20% to approximately ¥4 trillion by fiscal year 2027 [21] - Key initiatives include enhancing customer experience, improving employee experience, and promoting a circular economy [22][28] Management's Comments on Operating Environment and Future Outlook - Management expressed a commitment to achieving cash generation capabilities by fiscal year 2027 to support new growth areas [103] - The focus will be on maintaining a balance between investment and shareholder returns, with a robust shareholder return program planned [51][41] Other Important Information - The company announced a dividend increase to ¥125 per share for fiscal year 2023 and a 25:1 stock split effective July 1st [42] - The establishment of new organizational structures to enhance R&D and marketing capabilities was also discussed [43] Q&A Session Summary Question: EPS growth and share buyback assumptions - Management indicated that the EPS target of ¥370 for the fiscal year assumes some level of share buyback [48][49] Question: Investment in new business areas - Management acknowledged the need for upfront investments in new business areas and emphasized careful planning to ensure returns [55][56] Question: Interest rate impacts on data center investments - Management confirmed that rising interest rates would be considered in future investments, with a focus on recouping costs through customer payments [59][60] Question: Medium-term financial targets and indicators - Management reiterated that while EPS is not a primary indicator, they aim to maintain similar growth levels as in the past [67][68] Question: Clarification on capital expenditures - Management stated that while specific breakdowns of capital versus equity investments are not available, they aim to maintain trends in capital investment [70][72]

Nippon Telegraph and Telephone Corporation (OTCPK:NTTYY) Q3 2022 Earnings Conference Call February 7, 2022 3:00 AM ET Company Participants Natsuko Fujiki - Head, IR, Finance & Accounting Department Akira Shimada - CFO Kazuhiko Nakayama - SVP & Head, Finance & Accounting Takashi Taniyama - SVP & Head, Corporate Strategy Planning Conference Call Participants Yoshio Ando - Daiwa Securities Satoru Kikuchi - SMBC Nikko Securities Yoshiyuki Kinoshita - BofA Securities Mitsunobu Tsuruo - Citigroup Chikai Tanaka - ...

Nippon Telegraph and Telephone Corp (OTCPK:NTTYY) Q2 2022 Earnings Conference Call November 10, 2021 3:00 AM ET Company Participants Natsuko Fujiki - Head, IR, Finance & Accounting Department Jun Sawada - President & CEO Kazuhiko Nakayama - SVP & Head, Finance & Accounting Takashi Taniyama - SVP & Head, Corporate Strategy Planning Akira Shimada - CFO Conference Call Participants Yoshio Ando - Daiwa Securities Hideaki Tanaka - Mitsubishi UFJ Morgan Stanley Securities Satoru Kikuchi - SMBC Nikko Securities Da ...

Financial Results for the Three Months Ended June 30, 2021 August 6, 2021 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------| | | | | | This document is a translation of the Japanese original. The Japanese original is authoritative. | | | The forward-looking statements and projected figures concerning the future performance of NTT and its | | | subsidiaries and affiliates contained or referred to herein are based on a series o ...

| --- | --- | --- | --- | --- | |-------|-------|---------------------|-------------------------------------------|-------| | | | | | | | | | | | | | | | Financial Results | | | | | | | | | | | | | for the Fiscal Year Ended March 31, 2021 | | | | | | | | | | | and | | | | | | | | | | | | Financial Forecasts | | | | | | | for the Fiscal Year Ending March 31, 2022 | | May 12, 2021 | --- | --- | |------------------------------------------------------------------------------------------------------------------- ...

Financial Performance & Forecasts - FY2020 2Q operating revenues decreased by ¥178.2 billion (3.0%) year-on-year, but operating income increased by ¥25.8 billion (2.6%) year-on-year[12] - COVID-19 had a negative impact of approximately ¥130.0 billion on operating revenues and approximately ¥20.0 billion on operating income in FY2020 2Q[15] - FY2020 forecast anticipates a decrease in operating revenues of approximately ¥350.0 billion and a decrease in operating income of approximately ¥70.0 billion due to COVID-19[15] - FY2020 operating revenues are expected to decrease by approximately ¥400.0 billion compared to FY2019, while operating income will increase, supported by ¥80.0 billion of reductions in capital investments and ¥100.0 billion of cost reductions[35] - FY2020 operating revenues forecast is ¥11,500.0 billion, a decrease of ¥399.4 billion year-on-year, while operating income is forecast at ¥1,590.0 billion, an increase of ¥27.8 billion year-on-year[38] - The company board of directors resolved to buy back shares in an amount up to ¥250.0 billion to enhance shareholder returns[13, 20] Strategic Initiatives - NTT DOCOMO will terminate FOMA (3G) service on March 31, 2026[39, 148] - The company is promoting structural reforms at NTT Ltd, aiming for a business shift to attractive markets centered on managed IT services, targeting 50% of revenue from these markets by FY2023[17, 94] - The company is migrating PSTN to IP networks, with nationwide call rates to fixed-line telephones set at ¥8.5 per every 3 minutes from January 2024[43, 161, 163] - The company is targeting ¥600.0 billion in B2B2X sales for FY2023[166] Global Business - The company is targeting overseas sales of $25 billion and an overseas operating income margin of 7% by FY2023[68]

Nippon Telegraph and Telephone Corporation (OTCPK:NTTYY) Q1 2021 Earnings Conference Call August 11, 2020 4:00 AM ET Company Participants Natsuko Fujiki – Head of Investor Relations Jun Sawada – Chief Executive Officer and Representative Director Akira Shimada – Senior Executive Vice President and Chief Financial Officer Ryota Kitamura – Senior Vice President Kazuhiko Nakayama – Senior Vice President and Head of Finance and Accounting Conference Call Participants Daisaku Masuno – Nomura Securities Satoru Ki ...

Financial Results for the Three Months Ended June 30, 2020 and Financial Forecasts for the Fiscal Year Ending March 31, 2021 August 11, 2020 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Results for the Fiscal Year Ended March 31, 2020 May 15, 2020 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...