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Nippon Telegraph And Telephone's CEO Discusses F4Q 2011 Results - Earnings Call Transcript

We are planning to spend about 90 minutes, one hour and a half for this meeting. In other words, we shall be closing this meeting at and around 7:30 P.M. Now I would like to ask Mr. Miura to present to you the outlines of the financial results. And after that we would like to entertain your questions.

Satoshi Miura

[Interpreted]

Good afternoon, ladies and gentlemen, thank you joining us despite your very busy and demanding schedule. We appreciate your attendance. In the interest of time, I would like to begin the presentation of the financial results, and also talk about the financial forecast for the year ending March 31, 2012. I would like to start from page two.

Let me begin with the financial results for the year ended March 31, 2011. We were able to realize increase in both operating revenue and operating income for the first time in seven years. In the previous year, we enjoyed increase in operating income but for in the previous period we saw increase in operating income, but for the last fiscal year 2010, we realized increase in both operating revenue and operating income.

Operating revenue increased 123.6 billion yen. This was primarily due to the contribution from the increase in system integration related revenue due to the mergers and acquisitions involving Dimension Data and acquisition of Keane by NTT Data. And also NTT Hikari – correction, FLET'S Hikari subscriber base increased as well as software and services revenue and DOCOMO’s packet ARPU increased leading to increase in IP related revenue, and also other revenues inclusive of mobile phone protection and delivery services provided by DOCOMO was increased.

Turning to operating income. This increased by 97.2 billion yen year-on-year. Temporary drivers such as decline in inventory, asset valuation loss and loss for doubtful accounts in NTT Urban Development and NTT Finance improved, but even if we were to exclude that factor, NTT East, NTT West and DOCOMO all were able to achieve increase in operating income in a steadfast fashion.

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