NTT announces a 12.1% surge in net profits to JPY524.1bn

10 May 2013

Japan’s leading fixed line operator Nippon Telegraph and Telephone Corporation (NTT Corp) has published its financial results for the fiscal year ending 31 March 2013 (FY2012) with revenues for the period of JPY10.7 trillion (USD11.0 billion), a 1.8% increase on the JPY10.57 trillion reported twelve months before. NTT’s operating income decreased by JPY21.0 billion to JPY1.20 trillion year-on-year, due to a decrease in revenue from the mobile communications business, partially compensated by growth in the data communications and international businesses. The company’s net profit climbed to JPY524.1 billion, a 12.1% rise from JPY467.7 billion in FY2011. NTT reported CAPEX of JPY1.97 trillion in FY2012, up 1.2% from JPY1.95 trillion year-on-year. The company forecasts that its operating revenues will increase by JPY299.3 billion in FY2013 to JPY11.0 trillion, with estimated profit of JPY585 billion for the period.

NTT fixed line subscribers increased in FY2012, as the company reported a total of 17.3 million FLET’S Hikari fixed broadband service subscribers, an increase of 740,000 in twelve months, with plans to add one million new subscribers in the next fiscal year by targeting small- and medium-sized businesses. NTT also reported marginal growth in the number of subscriptions for its video services, as Hikari TV and FLET’S TV users increased to a total of 3.46 million, and estimated that the number will reach 4.20 million at end-March 2014.