NTTYY Nippon Telegraph and Telephone Corporation (PK)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 13, 2017

Amounts are rounded to the nearest million yen.

(1) Consolidated Results of Operations

(2) Consolidated Financial Position

2. Dividends

Note: Change in dividend forecasts during the six months ended September 30, 2017: None

3. Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)

– 1 –

*Notes:

Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently available to NTT and certain assumptions that we regard as reasonable and therefore actual results may differ materially from those contained in or suggested by any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the fiscal year ending March 31, 2018, please refer to page 10.

On Friday, November 10, 2017, NTT will hold a presentation on its financial results for institutional investors and analysts. Shortly thereafter, NTT plans to post on its website explanatory details, along with the materials used at the presentation.

The forecast for “Basic Earnings per Share Attributable to NTT” for the fiscal year ending March 31, 2018 is based on the assumption that NTT will repurchase 30 million shares or 150 billion yen of shares from September 26, 2017 through March 31, 2018, as resolved at the board of directors’ meeting held on September 25, 2017, authorizing repurchases up to these amounts and retain these as treasury stock.

For further details on the financial results forecasts, please also see “Financial Results for the Six Months Ended September 30, 2017,” which is disclosed on TDnet on the same day as this financial results release.

– 2 –

1. Summary Information (notes)

Balance Sheet Classification of Deferred Taxes

On November 20, 2015, the FASB issued ASU2015-17 “Balance sheet classification of deferred taxes” which requires that all deferred tax liabilities and assets be classified as noncurrent on the balance sheet.

Effective April 1, 2017, NTT Group adopted this ASU prospectively and prior periods were not retrospectively adjusted.

Simplifying the Test for Goodwill Impairment

On January 26, 2017, the FASB issued ASU 2017-04 “Simplifying the Test for Goodwill Impairment,” which replaces the two-step goodwill impairment test with the one-step goodwill impairment test. The amendments in this update require that an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value.

The adoption of ASU 2017-04 would be permitted for goodwill impairment tests with measurement dates after January 1, 2017. NTT Group adopted this ASU for goodwill impairment test with measurement date on July 1, 2017.

Change in Fiscal Year End of Certain Subsidiaries

As of April 1, 2017, certain of NTT’s consolidated subsidiaries changed their fiscal year ends from December 31 or January 31 to March 31, thereby eliminating a three-month or two-month lag between their fiscal year ends and NTT’s fiscal year end in NTT’s quarterly consolidated financial statements. The elimination of this lag was applied as a change in accounting policy. NTT did not make any retrospective adjustments to its financial statements as these changes did not have a material impact on the consolidated financial statements for the six months ended September 30, 2016 or the year ended March 31, 2017. As a result of this change, NTT’s retained earnings have increased by ¥964 million, and its accumulated other comprehensive income (loss) and noncontrolling interests have decreased by ¥3,351 million and ¥2,012 million, respectively, as of the beginning of the current fiscal year.

– 3 –

2. CONSOLIDATED FINANCIAL STATEMENTS

(1) Consolidated Balance Sheets

– 4 –

– 5 –

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

– 6 –

– 7 –

(3) Going Concern Assumption

None

(4) NTT Shareholders’ Equity

1. Dividends

Cash dividends paid

Cash dividends declared

2. Treasury stock

On December 12, 2016, the Board of Directors resolved that NTT may acquire up to 33 million shares of its outstanding common stock for an amount in total not exceeding ¥150 billion from December 13, 2016 through June 30, 2017. Based on this resolution, NTT repurchased 21,693,800 shares of its common stock for a total purchase price of ¥106,763 million between December 2016 and March 2017. NTT also repurchased 8,893,400 shares of its common stock for a total purchase price of ¥43,235 million in April 2017 and concluded the repurchase of its common stock authorized by Board of Directors’ resolution.

On September 25, 2017, the Board of Directors resolved that NTT may acquire up to 30 million shares of its outstanding common stock for an amount in total not exceeding ¥150 billion from September 26, 2017 through March 31, 2018. NTT repurchased 11,400,000 shares of its common stock for a total purchase price of ¥60,294 million in October 2017.

(5) Subsequent Events

Tata Teleservices Limited

Tata Teleservices Limited (“TTSL”) is a telecommunication operator in India and a privately held company.

As of September 30 2017, NTT Group held approximately 21.6% of the outstanding common shares of TTSL and accounted for the investment under the equity method.

Under the shareholders agreement (the “Agreement”) entered into among TTSL, Tata Sons Limited (“Tata Sons”) and NTT DOCOMO when NTT DOCOMO entered into a business alliance with TTSL in March 2009, NTT DOCOMO shall have certain shareholder rights, including the right to require Tata Sons to find a suitable buyer for NTT DOCOMO’s entire stake (1,248,974,378 shares, or approximately 26.5% of outstanding shares) in TTSL for 50% of the NTT DOCOMO’s acquisition price, which amounts to 72.5 billion Indian rupees (or ¥127.6 billion ^*1 ), or at fair value, whichever is higher, in the event that TTSL fails to achieve certain specified performance targets by March 31, 2014. The right became exercisable on May 30, 2014, and NTT DOCOMO exercised the right on July 7, 2014.

– 8 –

The obligation of Tata Sons under the Agreement was not fulfilled, although NTT DOCOMO repeatedly held discussions with Tata Sons regarding the sale of NTT DOCOMO’s entire stake in TTSL pursuant to the Agreement. Accordingly, NTT DOCOMO submitted a request for arbitration to the London Court of International Arbitration (“LCIA”) on January 3, 2015.

NTT DOCOMO received a binding arbitration award from the LCIA on June 23, 2016. The award ordered that Tata Sons pay damages to NTT DOCOMO in the amount of approximately $1,172 million (or ¥132.6 billion ^*2 ) for Tata Sons’ breach of the Agreement, upon NTT DOCOMO’s tender of its entire stake in TTSL to Tata Sons or its designee.

On July 8, 2016, NTT DOCOMO submitted an application to the High Court in India (“the Court”) requesting enforcement of the LCIA Award in India. On February 25, 2017, NTT DOCOMO and Tata Sons submitted a joint application to the Court requesting that the Court declare the LCIA Award enforceable in India. On April 28, 2017, the Court delivered a court decision approving the joint application.

On October 31, 2017, NTT DOCOMO received ¥144.9 billion ^*3 from Tata Sons as payment of the arbitration award amount in accordance with the Court decision regarding NTT DOCOMO’s stake in TTSL. As a result of this transaction, NTT Group expects to include the award amount of ¥144.9 billion in other income on the consolidated financial statements for the three month period ending December 31, 2017.

Concurrent with the receipt of the above award amount, all shares in TTSL held by NTT DOCOMO have been transferred to Tata Sons and companies designated by Tata Sons. Upon the transfer of NTT DOCOMO’s shares in TTSL, NTT Group no longer accounts for investments in TTSL under the equity method. As a result, NTT Group expects to include a loss on transfer of investments in affiliates of ¥29.8 billion, equal to the reclassification adjustments of foreign currency translation adjustments, in other expense on its consolidated financial statements for the three month period ending December 31, 2017.

*1 1 rupee = ¥1.76 as of October 31, 2017

*2 $1 = ¥113.16 as of October 31, 2017

*3 The amount received included interest earned and other costs awarded.

NTT’s repurchase of its common stock

For information about this event, see Note 4.

NTT DOCOMO’s resolution to repurchase its common stock

On October 26, 2017, the Board of Directors of NTT DOCOMO resolved that NTT DOCOMO may acquire up to 120 million shares of its outstanding common stock for an amount in total not exceeding ¥300,000 million from October 27, 2017 through March 31, 2018.

– 9 –

[Note]

The forward-looking statements and projected figures concerning the future performance of NTT and its subsidiaries and affiliates contained or referred to herein are based on a series of assumptions, projections, estimates, judgments and beliefs of the management of NTT in light of information currently available to it regarding NTT and its subsidiaries and affiliates, the economy and telecommunications industry in Japan and overseas, and other factors. These projections and estimates may be affected by the future business operations of NTT and its subsidiaries and affiliates, the state of the economy in Japan and abroad, possible fluctuations in the securities markets, the pricing of services, the effects of competition, the performance of new products, services and new businesses, changes to laws and regulations affecting the telecommunications industry in Japan and elsewhere, other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein, as well as other risks included in NTT’s most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.

– 10 –

November 10, 2017
Financial Results for the Six Months Ended September 30, 2017

The forward-looking statements and projected figures concerning the future performance of NTT and its subsidiaries and affiliates contained or referred to herein are based on a series of assumptions, projections, estimates, judgments and beliefs of the management of NTT in light of information currently available to it regarding NTT and its subsidiaries and affiliates, the economy and telecommunications industry in Japan and overseas, and other factors. These projections and estimates may be affected by the future business operations of NTT and its subsidiaries and affiliates, the state of the economy in Japan and abroad, possible fluctuations in the securities markets, the pricing of services, the effects of competition, the performance of new products, services and new businesses, changes to laws and regulations affecting the telecommunications industry in Japan and elsewhere, other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein, as well as other risks included in NTT’s most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.
* “E” in this material represents that the figure is a plan or projection for operation.
** “FY” in this material indicates the fiscal year ending March 31 of the succeeding year.
*** “2Q” in this material represents the 6-month period beginning on April 1 and ending on September 30.
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation 1

Table of Contents
Highlights    Topics
Contributing Factors by Segment    Financial Results Forecast
Progress toward Medium-Term Financial Targets    Strengthen NTT’s Global Business    (Reference) Major B2B2X Initiatives    (Reference) “Tokyo 2020 Medal Project: Towards an Innovative Future for All”    Appendix
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
2

Highlights
Both Operating Revenues and Operating Income increased.
Financial results are steadily progressing in line with the annual plan.
Status of Consolidated Financial Results
Operating Revenues    ¥5,664.8 billion (increase of ¥140.5 billion [2.5%] year-on-year)
Operating Income    ¥975.2 billion (increase of    ¥48.7 billion [5.3%] year-on-year) Net Income *1    ¥527.5 billion (increase of    ¥51.4 billion [10.8%] year-on-year)
Overseas Sales    $9.33 billion (increase of    $1.35 billion [16.9%] year-on-year)
Cross-Selling Order Volume    $0.28 billion
Overseas Operating Income *2                $0.50 billion (increase of    $0.16 billion [47.1%] year-on-year)
*1 Net income represents net income attributable to NTT, excluding noncontrolling interests.    
*2 Operating Income excludes temporary expenses, such as M&A-related depreciation costs of intangible fixed assets.
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
3

Topics
Increased Profitability of Network Services
Expansion of NTT’s User Base
• Mobile Subscriptions: 75.36 million mobile subscriptions (net increase of 0.48 million)
(Included in the above) Kake-hodai & Pake-aeru: 39.62 million subscriptions (net increase of 2.55 million)
• FTTH Subscriptions: 20.39 million subscribers (net increase of 0.33 million)
(Included in the above) Hikari Collaboration: 10.15 million (net increase of 1.40 million)
Growing number of Wi-Fi area owners*: 642 (net increase of 85)
* Total number of large-scale corporate or local government customers. Excludes small-scale restaurants, etc.
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
4

Topics
Promotion of the B2B2X Model
Expand collaboration efforts with corporations and local governments in various fields, such as sports, transportation and manufacturing in an effort towards creating new value and solving social issues and challenges
Shareholder returns
Share buybacks (acquired in October 2017): ¥60.3 billion
* Aggregate amount: Up to ¥150 billion; Total number of shares: Up to 30 million shares; Period: September 26, 2017 to March 31, 2018
Aggregate amount of FY2017 share buybacks: ¥103.5 billion as of the end of October 2017
Progress of
“Tokyo 2020 Medal Project: Towards an Innovative Future for All”
Number of used mobile phones and other devices collected (as of the end of September 2017): approximately 1.54 million devices    Expected to reach over 2 million devices through November 2017
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
5

Contributing Factors by Segment
Increase in Operating Revenues and Operating Income in the Long Distance and International Communications business and the Data Communications business segment.
Operating Revenues (Year-on-year: +140.5) (Billions of yen)
40.1
Long distance and 182.4 Other Regional international Mobile business * communications communications communications 5,664.8 business business business
39.8 Data 5,524.3 12.1 communications FY2017 4-9 26.0 business
1,580.6    1,064.8    2,300.1    944.4
FY2016 4-9 FY2017 4-9
Operating Income (Year-on-year: +48.7)
Long distance and international Mobile Data
Other Regional communications communications communications business * communications business business business business 36.5
28.2 12.9
20.9 23.1 975.2
926.5
FY2017 4-9
253.2    70.4    547.3    59.0
FY2016 4-9 FY2017 4-9
*Includes adjustments such as elimination
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
6

Financial Results Forecast
Operating Revenues and Operating Income remain unchanged from the Initial Forecast.
Plan for Consolidated Revenues and Income
Initial Forecast                 Financial Results
(announced on May 15, 2017 Forecast
                 (announced on November 10, 2017)
Operating Revenues     ¥11,750.0 billion                 ¥11,750.0 billion
Operating Income      ¥1,590.0 billion                 ¥1,590.0 billion
                 ¥880.0 billion(*1)
Net Income(*4)         ¥830.0 billion                 ¥830.0 billion
                 ¥440(*2)
EPS                     ¥414                 ¥416(*3)
*1 Includes the effects of the arbitration award received from Tata Sons Limited
*2 Includes the effects of the arbitration award received from Tata Sons Limited as well as share buybacks announced on September 25, 2017
*3 Includes the effects of share buybacks announced on September 25, 2017
*4 Net income represents net income attributable to NTT, excluding noncontrolling interests.
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
7

(Reference) FY2017 Forecast    Summary by Segment
Operating Revenues (Year-on-year: +359.0) (Billions of yen)
Data communications Other Mobile business business* Long distance and communications 80.3 Regional international business 251.3 communications communications business business 165.4 11,750.0
78.2 100.7
11,391.0
FY2017E
3,230.0    2,230.0    4,750.0    1,970.0
FY2016 FY2017E
Operating Income (Year-on-year: +50.2)
Long distance and Data
international Mobile communications Other
Regional communications communications business business*
communications business business
business 22.1 25.0
79.2 3.4
29.5 1,590.0
1,539.8
FY2017E
330.0    120.0    955.0    130.0
FY2016 FY2017E
*Includes adjustments such as elimination
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
8

Progress toward Financial Targets
FY2017.2Q FY2017 Medium Financial Results Term Targets
Streamlining Capital Investment (Domestic Network Business*1) [compared to FY2014]
Cost Reductions*2
(in fixed-line/mobile access networks)
[compared to FY2014] Overseas Sales/Operating Income*3
¥110.1 billion At least ¥200 billion ¥713.0 billion At least ¥800 billion $9.3 billion/$0.5 billion $22 billion/$1.5 billion [FY2017 Forecast] $19.6 billion/$1.2 billion EPS Growth [FY2017 Forecast] ¥440*4 ¥416*5 At least ¥400 *1 Excludes NTT Com’s data centers and certain other assets.
*2 Does not reflect the impact of the change in depreciation method.
*3 Operating Income excludes temporary expenses, such as M&A-related depreciation costs of intangible fixed assets.
*4 Includes the effects of the arbitration award received from Tata Sons Limited as well as share buybacks announced on September 25, 2017.
*5 Includes the effects of share buybacks announced on September 25, 2017.
Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation 9

Strengthen NTT’s Global Business
(Bringing together cloud IaaS capabilities)
Strengthen competitiveness by bringing together cloud IaaS capabilities and development capabilities of NTT Communications and Dimension Data.    Establish a wholesale company of cloud IaaS under Dimension Data to prepare for transfer of assets and personnel, and then transfer the company to NTT
Communications around March 2018.
NTT Communications to handle development and operation of cloud IaaS and leverage Go-to-Market capabilities of NTT Communications, Dimension Data and other NTT Group companies.
NTT Holding Company
Wholesale company
Dimension Data Cloud
Wholesale Services, Inc.
Service
development
Go-to-
Market and operation
assets Cloud
Clients
Go-to-Market
Wholesale
Service Development and Operation
Financial Results for the Six Months Ended September 30, 2017
Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
10

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
Demonstrated an advanced sports-viewing experience by tracking and transmitting location data of athletes in real time
Enhanced racing drivers’ performance by measuring their biological information
during races
Enhanced attractiveness of cities through the use of AI on Big Data consisting of the flow of people and weather, among others
Optimized vessel operations by applying edge computing to IoT in vessel shipping
Provided assistance for an exhibition utilizing the Human Support Robot (HSR)
with corevo®
Upgraded the information universal design of airports by utilizing the NTT Group AI technology “corevo®”
Demonstrateda pleasant flight experience by measuring babies’ heart rates
and enabling the visualization of changes in their conditions
Reproduced techniques of a skilled worker through corevo® in order to create
a sophisticated next-generation industry complex
Contributed to the further development of Sapporo by carrying out automated driving on public roads in central city areas
Initiated consortium formation for the network and computing infrastructure of
automotive Big Data
Auto
Enter-
tainment
Produced a new Kabuki experience by utilizing NTT’s Immersive Telepresence Technology called “Kirari!®”
Sports
Enabled highly immersive public viewing by utilizing the live video transferring service
Suita
City
Provided an advanced sports-viewing experience through Smart Stadium that utilizes high density Wi-Fi
(Reference)
Major B2B2X Initiatives in FY2017
Sports
Sports
Sports
Auto
Apr.
Apr.
May
June
July
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Cities
Aviation
Transport
Robots
Factories
Aviation
Manu-
facturing
Began the commercial provision of the FIELD system through the utilization of
edge computing
GAMBA
(C)1992 K.A.FC
TOYOTA
intel
DENSO
ERICSSON
TOYOTA
INFOTECHNOLOGY
CENTER 11

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
0.5
1
1.5
2
2.5
3
3.5
4
(Million devices)
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Launch of the project
Promotion and collection at a coexistence-style event: “Japan Walk”
November: expected to reach over 2 million devices
Cooperation from Tokyo 2020 Partners to collect devices:
Japan Post, Tokyo Gas, SMBC, among others
Promotion and collection at “Fukuoka Japan Market” hosted by the All Japan Business Committee (a business council for the 2020 Olympic and Paralympic Games)
<Number of collected devices>
April to Sept: 1.54 million
(in the 2nd quarter [July to Sept]: 0.8 million)
August: above 1million devices
(Reference)
This project makes Tokyo 2020 a first in the history of the Olympics and Paralympics by involving citizens in the collection of consumer electronics such as used mobile phones for the purpose of manufacturing all 5,000 medals from the extracted metals. Sponsor: The Tokyo 2020 Organising Committee; Business partners: NTT DOCOMO, the Japan Environmental Sanitation Center, the Ministry of Environment, and Tokyo Metropolitan Government 12

Appendix

Progress of Broadband Services

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
2016.62016.92016.122017.32017.62017.92018.3E4-67-910-121-34-67-94-926118319915024192333794800Opened connections7866496727508516271,4782,8572,900(34)(32)(32)(36)(38)(32)(70)(134)(128)779311110410462165385280FY2017EFLET’S HikariFLET’S ADSLHikari DenwaFY2016FY2016FY201719,52019,70419,90320,05320,29420,3861,01998795591988184920,54020,69120,85820,97221,17521,23517,45117,54517,65517,75917,86217,92412,00014,00016,00018,00020,00022,00020,85379121,64418,039
Number of Subscribers
Changes from the Preceding Quarter
[5,912]
[6,917]
[11,894]
[7,854]
[8,744]
Number of Subscribers for Fixed Broadband Services
[9,574]
*1 Number of FLET’S Hikari (including Hikari Collaboration Model) subscribers includes B FLET’S, FLET’S Hikari Next, FLET’S Hikari Light, FLET’S Hikari Lightplus, and FLET’S Hikari WiFi Access provided by NTT East, B FLET’S, FLET’S Hikari Premium, FLET’S Hikari Mytown, FLET’S Hikari Next, FLET’S Hikari Mytown Next, FLET’S Hikari Light and FLET’S Hikari WiFi Access provided by NTT West, and wholesale services (Hikari Collaboration Model) provided by both NTT East and NTT West.
*2 Figures in [ ] represent the number of subscribers to “Hikari Collaboration Model,” the wholesale provision of services by NTT East and NTT West to service providers.
*3 Number of opened connections excludes openings as a result of relocations.
*4 Numbers for Hikari Denwa include wholesale services provided to service providers by NTT East and NTT West.
*5 Numbers of Hikari Denwa subscribers are presented in thousands of channels.
(Thousands)
*1 *2
(Thousands)
FLET’S ADSL
Hikari Denwa
FLET’S Hikari (including Hikari Collaboration Model)
*1
*3
*4 *5
~
~
[10,145] 13

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
2016.62016.92016.122017.32017.62017.92018.3E4-67-910-121-34-67-94-96501,3306451,2922342474813,9161,300FY2016FY2016FY2017ELTE(Xi)+FOMAFY201726,20050,00076,20031,72131,66230,91730,33629,45528,45339,89341,28142,67144,54445,65946,90871,61472,94373,58874,88075,11475,361020,00040,00060,00080,000
Number of Subscribers
Changes from the Preceding Quarter
FOMA
LTE Xi
Number of Subscribers for Mobile Broadband Services
(Thousands)
(Thousands)
* Number of subscribers for Mobile Broadband Services includes Communications Module Service subscribers
*
14

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
2016.62016.92016.122017.32017.62017.92018.3E3,047 3,041 3,032 3,023 3,021 3,018 1,445 1,464 1,489 1,521 1,551 1,570 4,492 4,505 4,521 4,544 4,571 4,588 01,0002,0003,0004,0005,0003,030 1,602 4,632
FLET’S TV Transmission Services
Hikari TV
Number of Subscribers for Video Services
Number of Subscribers
(Thousands)
*
* Number of subscribers to FLET’S TV Transmission Services includes wholesale services provided to service providers by NTT East and NTT West.
15

Financial Information

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
17.4
54.3
103.1
60.4
15.0
128.2
7.5
10.2
4,597.8
4,689.6
5,524.3
5,664.8
Details of Consolidated Statement of Income
Operating Revenues
(Year-on-year: +140.5)
Voice related services revenues
(Billions of yen)
Operating Expenses
(Year-on-year: +91.8)
SI revenues and sale of telecommunications equipment
IP/packet communications services revenues
Other revenues
Fixed voice: (48.3)
Mobile voice: +38.1
Systems Integration: +202.8
Telecommunications
equipment: (74.6)
FY2016 4-9
FY2016 4-9
FY2017 4-9
FY2017 4-9
Depreciation expenses and loss on disposal of assets
Other expenses
Personnel expenses
Expenses for purchase of goods and services and other expenses
16

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
March 31, 2017
September 30, 2017
21,498.2
[+247.8]
Assets
Equity
12,001.4
[+493.6]
9,442.0
[(249.8)]
21,498.2 [+247.8]
Liabilities
Treasury Stock
(418.6)
[(43.4)]
Retained earnings
6,033.7
[+407.5]
Details of Consolidated Balance Sheet
21,250.3
Assets
Equity
11,507.8
9,691.8
21,250.3
Liabilities
Treasury Stock
(375.2)
Other
50.8
Retained earnings
5,626.2
(Billions of yen)
Other
54.8 [+4.0] 17

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation 1,390.4 (876.5)513.9 (562.4)1,365.8 (1,074.7)291.0 (118.1)(2,000)(1,000)01,0002,000 Details of Consolidated Cash Flows Billions of yen Cash flows from operating activities (A) Cash flows from investing activities (B) Cash flows from financing activities FCF (A) + (B) Increase/Decrease from the same period of the previous fiscal year FY2016 4-9 FY2017 4-9 (24.7) Increase/Decrease in accounts receivable [(22.5)] (198.2) Acquisitions/Sales of property, plant, equipment and intangibles [(72.6)] Increase/Decrease in current and non-current investments [(48.3)] (222.9) +444.3 Acquisitions/Sales of treasury stock [+224.1] Acquisitions of shares of subsidiaries [+105.0] * The effect of the last day of the six-month period ended September 30, 2017 having been a non-business day, resulting in the increase in accounts receivable because of the due date of a portion of accounts receivable being, instead of the last day of the period, the first business day of the following month. Cash flows from operating activities and the FCF amount including the effect were 1,112.9 billion yen and 38.2 billion yen, respectively. *Effect of non-business day (252.9) (252.9) 18

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation
Details of Capital Investment
Capital Investment
1,687.2
1,700.0
1,700.0
FY2017 4-9
FY2015 4-9
FY2016 4-9
FY2017 E
FY2015
FY2016
Billions of yen
219.5246.1267.7102.794.6115.4121.4103.0103.055.057.440.558.267.6102.688.897.1129.1645.6665.8758.3OtherNTT DATA (Consolidated)NTT CommunicationsNTT WestNTT EastNTT DOCOMO (Consolidated) 19

Financial Results for the Six Months Ended September 30, 2017 Copyright (c) 2017 Nippon Telegraph and Telephone Corporation Shareholder Returns Share Buybacks Dividends per Share Pay-out ratio FY2009 FY2010 FY2011 FY2012 FY2013 FY2007 FY2008 FY2015 FY2014 FY2004 FY2005 FY2006 FY2003 539.4 381.7 150.0 406.5 338.1 200.0 94.4 374.1 FY2011 FY2012 FY2013 FY2017E FY2007 FY2008 FY2015 FY2014 93.6 86.2 100.0 366.5 FY2002 FY2003 FY2004 FY2005 120.0 FY1999 FY2016 FY2016 FY2017E (Billions of yen) (Yen) Note: Dividends have been adjusted to reflect the two-for-one stock split carried out on July 1, 2015 110 120 25 80 85 90 70 60 60 45 55 40 30 30 150 12.3% 13.0% 17.1% 23.0% 19.5% 27.5% 32.3% 31.2% 38.2% 37.2% 33.4% 38.0% 31.4% 30.7% 34.1% 150.0* (Max) 43.2 60.3 *On September 25, 2017 NTT resolved to acquire up to ¥150 billion in share buybacks. Period of buybacks: September 26, 2017 through March 31, 2018 20

November 10, 2017

FOR IMMEDIATE RELEASE

Financial Statements for the Six Months Ended September 30, 2017

The financial results of Nippon Telegraph and Telephone East Corporation (NTT East) for the six months ended September 30, 2017 are presented in the following attachments.

(Attachments)

For inquiries, please contact:

Mr. Kenkichi Nakata or Mr. Ryou Yamamoto

Accounting Section, Finance Division

Nippon Telegraph and Telephone East Corporation

Tel: +81-3-5359-3331

E-mail: kessan_info-ml@east.ntt.co.jp

1. Non-Consolidated Comparative Balance Sheets

(Based on accounting principles generally accepted in Japan)

– 1 –

– 2 –

2. Non-Consolidated Comparative Statements of Income

(Based on accounting principles generally accepted in Japan)

– 3 –

3. Business Results (Non-Consolidated Operating Revenues)

(Based on accounting principles generally accepted in Japan)

– 4 –

4. Non-Consolidated Comparative Statements of Cash Flows

(Based on accounting principles generally accepted in Japan)