REG - Nippon Telegraph - Revision of Non-Consolidated Financial Forecasts

Nippon Telegraph and TelephoneAnnouncement

06/11/2018 10:10

RNS Number : 4816G
Nippon Telegraph and Telephone Corp
06 November 2018
 


November 6, 2018
 




 


 


 


 


Company Name: Nippon Telegraph and Telephone Corporation




 


 


 


 


Representative: Jun Sawada, President and Chief Executive Officer




 


 


 


 


(Code No.: 9432, First section of Tokyo 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, 2019, 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 257,953,400 shares (approximately 600.0 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, 2019, previously announced on May 11, 2018.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2019, 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, 2019
(Millions of yen)




 


Operating Revenues


Operating Income


Recurring Profit


Net Income


Earnings
per Share




Previous Forecast (A)


748,000


615,000


613,000


614,000


315.00 yen




Revised Forecast (B)


748,000


615,000


613,000


1,205,000


619.00 yen




Change (B-A)


0


0


0


591,000


 




Percentage Change (%)


0


0


0


96.3


 




(Reference) Results of the Fiscal Year Ended March 31, 2019


663,118


530,552


528,143


724,908


363.20 yen




*NTT expects to record an extraordinary gain of 599.0 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 "2,326 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, 2019, previously announced on May 11, 2018.
 
 




 


 




 


For further inquiries, please contact:




 


 




 


Takumi Matsumoto or Takayuki Kimura




 


Investor Relations Office




 


Finance and Accounting Department




 


Nippon Telegraph and Telephone Corporation




 


Phone:


+81-3-6838-5481



 
 
 
 
 



 




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