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

Stocks in this article: NTT

So overall, as far as the financial results are concerned, we were able to indicate very clear signal for improved profitability at fixed-line service and also we were able to hold downward trend in mobile service revenue. And also we have seen boost in global revenue due to mergers and acquisitions. So Group as a whole, we were able to realize very strong results for fiscal year 2010.

Please turn to page three. Here we talk about full-year – correction here, fiscal year 2010 results of our operating income versus fiscal year 2010 forecasts. Now the impact of the earthquake is anticipated to be 30 billion yen. However because we realized increased profit for NTT Group as a whole, we were able to exceed forecasts of operating income by 34.9 billion yen and reached 1,214.9 billion yen.

Please turn to page 26. The impact from the earthquake is indicated on page 26. The impact on the operating income for March 2011 is expected to be 20 billion yen for NTT East and 6 billion for NTT DOCOMO and NTT Communications. The line connecting between Japan and the United States and also the line connected to Sendai. These were affected. They were disrupted. And as for others, other subsidiary firms also were affected by the earthquake.

So on a consolidated basis, we are anticipating an impact of 30 billion yen on the operating income for March 2011. Now as far impact for – the impact for March 2012, 20 billion yen for NTT West, 20 billion yen for P&L, construction related impact is 20 billion yen and DOCOMO 10 billion yen and CapEx 10 billion yen impact. So altogether, 30 billion yen impact is expected for March 2012.

Read the rest of this transcript for free on seekingalpha.com

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