NTT Corp nine-month profit and revenues climb; confirms full-year outlook

7 Feb 2019

Japanese carrier Nippon Telegraph and Telephone Corporation (NTT Corp) has published its financial results for the nine months ended 31 December 2018 (FY2018.Q3) highlighting a 1.4% year-on-year rise in profit attributable to shareholders to JPY792.1 billion (USD7.21 billion) from JPY781.4 billion a year ago. Operating income climbed 8.3% from JPY1.41 trillion to JPY1.53 trillion as operating revenues for the nine-month period under review grew 0.6% on an annualised basis to JPY8.80 trillion from JPY8.75 trillion in FY2017.Q3. NTT Corp noted that contributions from the ‘Regional’ business declined by JPY52.1 billion y-o-y to a little over JPY2.33 trillion and ‘Other’ business segments dipped JPY48.0 billion, but the falls were offset by increases in NTT’s ‘Long-distance and international’ business (up JPY18.3 billion to JPY1.68 trillion), ‘Mobile’ (up JPY64.7 billion to JPY3.65 trillion) and ‘Data’ (up JPY65.3 billion to JPY1.55 trillion). For the Group’s fiscal year ending 31 March 2019, NTT has affirmed its outlook for profit attributable to the company of JPY880.0 billion, operating income of JPY1.69 trillion and operating revenue of JPY11.90 trillion.

Operationally speaking, NTT Corp closed out December 2018 with a total of 21.636 million high speed broadband subscribers, up from 21.276 million twelve months earlier, broken down as 641,000 FLET’S ADSL connections (down from 819,000), 20.995 million FLET’S Hikari fibre-optic broadband subscriptions (compared to 20.457 million), 18.826 million fixed telephony (incl. INS-Net) lines, down from 20.246 million, and 18.214 million IP telephony Hikari Denwa accounts (17.984 million). The group’s mobile arm NTT DOCOMO, meanwhile, reported 77.517 million 3G and 4G mobile subscribers at the same date – up from 75.678 million a year earlier – of which 53.834 million are Xi-branded LTE users and the remainder using its FOMA (3G) service.

Japan, Nippon Telegraph and Telephone Corporation (NTT Corp), NTT (NTT East & NTT West), NTT DOCOMO