NTT Corp H1 net income climbs 10.8%

13 Nov 2017

Nippon Telegraph and Telephone Corporation (NTT Corp) reported Friday (10 November) that its net profit for the six months ended 30 September 2017 stood at JPY527.505 billion (USD4.647 billion) up 10.8% year-on-year, as operating revenues rose 2.5% to JPY5.665 trillion from JPY5.524 trillion, aided by strong overseas sales which rose 16.9% y-o-y. Operating income of JPY975.183 billion marked an annual increase of 5.3% from JPY926.484 billion in the corresponding year-earlier period, according to its financial results release. EBITDA, meanwhile, slipped to JPY1.665 billion from JPY1.691 billion; EBITDA margin was 29.4%, compared to 30.6%.

Looking ahead, for the full year, NTT Corp now expects attributable net income of JPY880 billion, up 10% y-o-y, and earnings per share of JPY440, an improvement from the earlier forecast of net profit of JPY830 billion (and earnings per share of JPY414). Full year operating revenue is expected to be JPY11.75 trillion, an increase of 3.2%, while operating income is still expected to increase 3.3% to JPY1.59 trillion.

Operationally speaking, NTT Corp closed out September 2017 with a total of 21.235 million high speed broadband subscribers, up from 20.691 million at September 2016, broken down as 849,000 FLET’S ADSL connections (down from 987,000), 20.386 million FLET’S Hikari fibre-optic broadband subscriptions (compared to 19.704 million) and 17.924 million IP telephony Hikari Denwa accounts (17.545 million). The group’s mobile arm NTT DOCOMO reported 75.361 million 3G and 4G mobile subscribers at the same date – up from 72.943 million a year earlier – of which 46.908 million are Xi-branded LTE users and the remainder using its FOMA (3G) service.