RNS Number : 1900C
Nippon Telegraph and Telephone Corp
09 November 2009
November 9, 2009
Company Name: Nippon Telegraph and Telephone Corporation
Representative: Satoshi Miura, President and CEO
(Code No.: 9432, First section of Tokyo, Osaka and Nagoya Stock Exchanges and
Fukuoka and Sapporo Stock Exchanges)
Notice Regarding Differences in the Consolidated Financial Results Between
the Six Months Ended September 30, 2009 and the Six Months Ended September 30, 2008
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that the consolidated financial results for the six months ended September 30, 2009 (April 1, 2009 ~ September 30, 2009) differed from the consolidated financial results for the six months ended September 30, 2008 (April 1, 2008 ~ September 30, 2008) as set forth below.
1. Differences in the Financial Results1
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(Millions of yen)
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Operating Revenues
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Operating Income
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Income Before Income Tax
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Net Income Attributable to NTT2
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Six Months Ended September 30, 2009 (A)
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4,998,108
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646,770
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643,590
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282,244
|
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Six Months Ended September 30, 2008 (B)
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5,164,593
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745,082
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771,161
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406,353
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Change (C) = (A) - (B)
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(166,485)
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(98,312)
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(127,571)
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(124,109)
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Percent Change (C) / (B)
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(3.2)％
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(13.2)％
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(16.5)％
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(30.5)％
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Notes: 1. NTT Group's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
2. "Net Income Attributable to NTT" is calculated in the same manner as "Net Income" was calculated until the prior fiscal year.
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2. Reason for the Difference
The difference in the consolidated financial results for the six months ended September 30, 2009 and the consolidated financial results for the six months ended September 30, 2008 is due to the decline in Operating Income, Income Before Income Taxes and Net Income Attributable to NTT, mainly as a result of the decline in revenues from fixed and mobile voice related services and sale of telecommunications equipment.
The percentage decrease in Net Income Attributable to NTT is larger on a relative basis due to the decrease in income taxes (a decrease in deferred tax liability) which resulted from NTT DOCOMO Inc.'s merger of its eight regional subsidiaries during the six months ended September 30, 2008.
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For further inquiries, please contact:
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(Mr.) Yui or (Mr.) Araki
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Investor Relations Office
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Finance and Accounting Department
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Nippon Telegraph and Telephone Corporation
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Tel: +81-3-5205-5581
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Fax: +81-3-5205-5589
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This information is provided by RNS
The company news service from the London Stock Exchange
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