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

Thu Nov 7, 2024 2:00 pm JST Earnings

9432 NTT, Inc. 【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%.

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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% -8.2%

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 13.3 5.20 May 10, 2024 IFRS
YoY +0.6% -5.9% -13.2% -14.0% -11.9%

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%

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