NIPPON TELEGRAPH AND TELEPHONE CORPORATION, First Half Net Income Decreases by 17%, July-September Net Income Decreases by 5%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 2:00 pm JST Earnings

9432 NIPPON TELEGRAPH AND TELEPHONE CORPORATION 【IFRS】

Earnings Report

NIPPON TELEGRAPH AND TELEPHONE CORPORATION <9432> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 7th (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.3% from the same period last year to 554 billion yen. The progress rate against the 1.1 trillion yen full-year plan was 50.4%, below the five-year average of 58.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 10.4% from the same period last year to 545 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 280 billion yen, a 4.9% decrease compared to the same period last year. The operating profit margin decreased from 14.6% in the same period last year to 14.5%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	6,286,177	996,539	1,019,452	696,607	7.9	56.1	Nov 8, 2022	IFRS
Apr - Sep, 2023	6,364,570	950,946	1,039,103	670,844	7.9	52.5	Nov 7, 2023	IFRS
Apr - Sep, 2024	6,590,625	920,255	878,845	554,792	6.6	51.1	Nov 7, 2024	IFRS
YoY	+3.6%	-3.2%	-15.4%	-17.3%	-16.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	2.60	May 10, 2024	IFRS
Apr - Sep, 2024 Results	6,590,625	920,255	878,845	554,792	6.6	2.60	Nov 7, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,009,999	971,964	941,354	608,677	7.2	2.60	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	6,869,375	889,745	841,155	545,208	6.6	2.60	Nov 7, 2024	IFRS
YoY	-2.0%	-8.5%	-10.6%	-10.4%	-8.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,136,194	1,828,986	1,817,679	1,213,116	13.9	4.80	May 12, 2023	IFRS
Mar, 2024	13,374,569	1,922,910	1,980,457	1,279,521	15.1	5.10	May 10, 2024	IFRS
Mar, 2025 Guidance	13,460,000	1,810,000	1,720,000	1,100,000	13.2	5.20	May 10, 2024	IFRS
YoY	+0.6%	-5.9%	-13.2%	-14.0%	-12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,253,497	476,296	461,567	295,069	3.5	14.6	Nov 7, 2023	IFRS
Oct - Dec, 2023	3,352,286	535,241	517,739	340,271	4.0	16.0	Feb 8, 2024	IFRS
Jan - Mar, 2024	3,657,713	436,723	423,615	268,406	3.2	11.9	May 10, 2024	IFRS
Apr - Jun, 2024	3,240,023	435,817	429,392	274,136	3.3	13.5	Aug 7, 2024	IFRS
Jul - Sep, 2024	3,350,602	484,438	449,453	280,656	3.3	14.5	Nov 7, 2024	IFRS
YoY	+3.0%	+1.7%	-2.6%	-4.9%	-3.5%