REG - Nippon Telegraph - Revision of Non-Consolidated Financial Forecasts <Origin Href="QuoteRef">9432.T</Origin>

Nippon Telegraph and TelephoneAnnouncement

11/12/2017 10:45

RNS Number : 9591Y
Nippon Telegraph and Telephone Corp
11 December 2017
December 11, 2017




CompanyName:NipponTelegraphandTelephoneCorporation




Representative:HirooUnoura,PresidentandChiefExecutiveOfficer




(CodeNo.:9432,FirstsectionofTokyo Stock Exchange)
Notice regarding the Revision of Non-Consolidated Financial Forecasts
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to revise its non-consolidated financial forecasts for the fiscal year ending March 31, 2018, as stated below.
1. Reason for the Revision
 NTT's Board of Directors resolved today that NTT may participate in the tender offer to sell 74,599,000 shares (approximately 200 billion yen) of its current holdings of NTT DOCOMO, INC. ("NTT DOCOMO") common stock. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2018, previously announced on November 10, 2017. 
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2018, because such events will not have a material impact on NTT's consolidated results of operations.
2.  Revised Non-Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2018
(Millions of yen)

Operating Revenues
Operating Income
Recurring Profit
Net Income
Earnings
per Share
Previous Forecast (A)
662,000
532,000
529,000
530,000
264.00 yen
Revised Forecast (B)
662,000
532,000
529,000
727,000
362.00 yen
Change (B-A)
0
0
0
197,000

Percentage Change (%)
0
0
0
37.2

(Reference) Results of the Fiscal Year Ended March 31, 2017
474,380
339,686
334,901
288,117
140.77 yen
*NTT expects to record an extraordinary gain of 200.0 billion yen in connection with the sale of its shares in NTT DOCOMO. The proceeds from the sale of NTT DOCOMO shares are calculated based on the assumption that all tendered shares will be purchased, and at the tender offer price of "2,681 yen/share". All or a portion of tendered shares may not be purchased.
*The figures for Earnings per Share (Previous Forecast) have been calculated based on NTT's non-consolidated financial forecasts for the fiscal year ending March 31, 2018, previously announced on November 10, 2017.
For further inquiries, please contact:

TakayukiKimura or Tatsuya Watanabe
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Phone:

+81-3-6838-5481
Fax:

+81-3-6838-5499

This information is provided by RNS
The company news service from the London Stock Exchange
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