NTT Corp FY2020/21 profits edge up; DOCOMO reports over three million 5G users

14 May 2021

Nippon Telegraph and Telephone Corporation (NTT Corp), Japan’s largest telecoms group by subscribers and revenue, reported operating revenues of JPY11.944 trillion (USD109 billion) for the twelve months ended 31 March 2021 (FY2020/2021), up 0.4% from JPY11.899 trillion in FY2019/20, as operating profit improved 7.0% year-on-year to JPY1.671 trillion from JPY1.562 trillion, pre-tax profits grew to JPY1.653 trillion from JPY1.570 trillion, EBITDA rose to JPY3.112 trillion and net profit attributable to shareholders rose 7.1% on an annualised basis to JPY916.2 billion from JPY855.3 billion in FY2019/20.

Broken down by segment, Mobile communications turnover increased to JPY4.725 trillion from JPY4.651 trillion as the segment’s operating profit increased to JPY913.2 billion. NTT’s Regional communications business reported full-year revenue of JPY3.207 trillion, compared to JPY3.080 trillion y-o-y, and operating profit increased to JPY420.2 billion from JPY388.3 billion. Long-distance and International communications services revenues fell to JPY2.066 trillion from JPY2.206 trillion although the segment improved its operating profit to JPY146.2 billion (from JPY103.6 billion). NTT’s Data communications business recorded full-year revenues of JPY2.319 trillion (up from JPY2.267 trillion) and operating profit of JPY139.2 billion (up from JPY130.9 billion).

The group closed out March 2021 with a total of 22.564 million fibre broadband subscriptions, up from 21.658 million y-o-y, and 381,000 ADSL connections, compared to 483,000 at 31 March 2020; it also had 15.869 million telephone accesses and 18.692 million IP telephony customers (Hikari Denwa) for regional fixed line units NTT East and NTT West. Meanwhile, NTT’s mobile arm NTT DOCOMO reported 82.632 million subscribers, including 64.210 million 4G (Xi) accounts and 3.091 million 5G subscribers – up significantly from just 14,000 twelve months earlier.

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