NTT reports marginal growth in revenues to JPY5.3 trillion

11 Nov 2013

Japan’s leading fixed line operator Nippon Telegraph and Telephone Corporation (NTT) has published its financial results for the six months ended 30 September 2013 (1H FY2013), reporting marginal growth in revenue of half a percentage point year-on-year to JPY5.266 trillion (USD53.19 billion) from JPY5.237 trillion in the corresponding period of FY2012. In the period under review, NTT’s operating income decreased by JPY9.9 billion to JPY653.0 billion, due to a decline in revenue from the mobile communications business, partially compensated by growth in its data communications and international businesses. The company’s net profit, however, climbed to JPY323.5 billion, a 10.3% improvement on the JPY293.4 billion reported in end-September 2012. The company forecasts that its operating revenues will increase to JPY11.0 trillion in the fiscal year ending 31 March 2014, with projected net profit of JPY585.0 billion.

In operational terms, NTT’s fixed line subscriber base increased in 1H FY2013, as the company reported a total of 17.672 million ‘Hikari’ fixed broadband service users, equivalent to an increase of 372,000 subscribers in twelve months. 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 3.69 million, and estimated that the number will reach 4.20 million at end-March 2014.