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NTT, First Half Net Income Increases by 7%, Jul-Sep Net Income Increases by 20%

Tue Nov 4, 2025 1:30 pm JST Earnings

9432 NTT, Inc. 【IFRS】

Earnings Report

NTT, Inc. <9432> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 4th (13:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 7.4% from the same period last year, reaching 0.59 trillion yen. Progress toward the full-year plan of 1.04 trillion yen was 57.3%, almost the same as the five-year average of 56.3%.

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 nearly flat at 0.44 trillion yen, down 0.2% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 19.7% from the same period last year, reaching 0.33 trillion yen. The operating profit margin rose from 14.5% in the same period last year to 15.4%.

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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, 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 56.2 Nov 7, 2024 IFRS
Apr - Sep, 2025 6,772,713 945,029 889,305 595,651 7.2 53.6 Nov 4, 2025 IFRS
YoY +2.8% +2.7% +1.2% +7.4% +9.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 2.65 May 9, 2025 IFRS
Apr - Sep, 2025 Results 6,772,713 945,029 889,305 595,651 7.2 2.65 Nov 4, 2025 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, 2024 7,114,102 729,316 685,851 445,224 5.3 2.60 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 7,417,287 824,971 770,695 444,349 5.4 2.65 Nov 4, 2025 IFRS
YoY +4.3% +13.1% +12.4% -0.2% +2.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,374,569 1,922,910 1,980,457 1,279,521 15.1 5.10 May 10, 2024 IFRS
Mar, 2025 13,704,727 1,649,571 1,564,696 1,000,016 12.0 5.20 May 9, 2025 IFRS
Mar, 2026 Guidance 14,190,000 1,770,000 1,660,000 1,040,000 12.7 5.30 May 9, 2025 IFRS
YoY +3.5% +7.3% +6.1% +4.0% +6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,350,602 484,438 449,453 280,656 3.3 14.5 Nov 7, 2024 IFRS
Oct - Dec, 2024 3,459,099 478,978 462,841 295,899 3.5 13.8 Feb 7, 2025 IFRS
Jan - Mar, 2025 3,655,003 250,338 223,010 149,325 1.8 6.8 May 9, 2025 IFRS
Apr - Jun, 2025 3,262,039 405,193 391,769 259,714 3.1 12.4 Aug 6, 2025 IFRS
Jul - Sep, 2025 3,510,674 539,836 497,536 335,937 4.1 15.4 Nov 4, 2025 IFRS
YoY +4.8% +11.4% +10.7% +19.7% +21.6%

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