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Nippon Telegraph And Telephone Management Discusses F3Q12 Results - Earnings Call Transcript

Stocks in this article: NTT

And we are planning to spend about 90 minutes or one hour and a half for this meeting. Now first, Mr. Unoura will give you the outline of the third quarter results before entertaining your questions.

Hiroo Unoura

Thank you very much, my name is Unoura. Thank you very much for joining us despite your business schedule. And despite the very bad weather outside. Then without further adieu I would like to provide you with the highlights of the financial results for the nine months ended December 31, 2011. Please open page three.

I’d like to begin with the highlights and the forecast. As for operating revenue, because of the contribution of global business revenues from Dimension Data and so forth, it reached 7,783,700,000 yen, representing an increase of 241 billion yen on a year-on-year basis.

Turning to operating income, we saw decline in profits at NTT DOCOMO, NTT East and West. So, therefore operating income declined 55.9 billion yen on a year-on-year basis and reached 1 trillion and 9.4 billion yen. As for achieving the consolidated operating income target of 1.25 trillion yen, well we’re concerned about the downward trend of revenue at NTT East and West which has become very difficult, starting from the fourth quarter we would like to realize cost control in line with the revenue trend.

And we would like to secure further increase in companies whereby we see upward trend in revenue and profit and also in companies where we see downward trend in its profit, we will make an effort to improve the structure. And as a result people like to achieve the annual profit target as far as forecast are concerned.

Due to the changes in the corporate tax law, net income has been revised downwards from 545 billion yen to 465 billion yen representing a downward revision of 80 billion yen. As for net income for individual companies, we have carried out review. As for details, please refer to page 23, at your leisure. Then, we would like to talk about the situation pertaining to contributing factors by segment, please turn to page nine.

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