NTT(US:NTTYY)2020-11-18 19:13Financial 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]