NTT, Apr-Dec (Cumulative 3Q) Net Income Decreases by 16%, Oct-Dec Net Income Decreases by 13%

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Fri Feb 7, 2025 2:00 pm JST Earnings

9432 NIPPON TELEGRAPH AND TELEPHONE CORPORATION 【IFRS】

Earnings Report

NIPPON TELEGRAPH AND TELEPHONE CORPORATION <9432> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 7th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.9% from the same period last year to 0.85 trillion yen. The progress rate toward the full-year plan of 1.1 trillion yen was 77.3%, below the five-year average of 87.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 7.1% from the same period last year to 0.24 trillion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 0.29 trillion yen, a 13.0% decrease compared to the same period last year. The operating profit margin decreased from 16.0% in the same period last year to 13.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	9,572,594	1,520,829	1,529,910	1,032,527	11.8	84.2	Feb 9, 2023	IFRS
Apr - Dec, 2023	9,716,856	1,486,187	1,556,842	1,011,115	11.9	78.6	Feb 8, 2024	IFRS
Apr - Dec, 2024	10,049,724	1,399,233	1,341,686	850,691	10.2	78.0	Feb 7, 2025	IFRS
YoY	+3.4%	-5.9%	-13.8%	-15.9%	-14.6%

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
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
Oct - Dec, 2024	3,459,099	478,978	462,841	295,899	3.5	13.8	Feb 7, 2025	IFRS
YoY	+3.2%	-10.5%	-10.6%	-13.0%	-11.8%