NTT raised its full-year forecast in its FY2026 interim results and expects an annual dividend of ¥5.4 for the current fiscal year. The interim and year-end dividends are both expected to be ¥2.7.
In its FY2026 interim results, NTT reported operating revenues of ¥7,362.154 billion and operating income of ¥830.073 billion, and raised its full-year forecast from the initial forecast issued in May. The new full-year forecast calls for operating revenues of ¥15,080 billion and operating income of ¥1,730 billion. The interim and year-end dividends are both ¥2.7, for a forecast annual dividend of ¥5.4.
The core of its shareholder returns is continued dividend growth, and it plans to conduct share buybacks capped at ¥200 billion through 31 March 2027. The dividend payout ratio for the current fiscal year is expected to be 44.3%, based on forecast earnings per share of ¥12.20 and an assumed dividend of ¥5.4 per share.
As for the company's share valuation metrics, the 12 November closing price was ¥167.5, PER was 13.70x, PBR was 1.37x and the dividend yield was 3.22%. The year-to-date high and low were ¥181 and ¥143, respectively. The dividend for the current fiscal year has increased year by year, from ¥4.6 in FY2021 to ¥5.3 in FY2025.
The next results announcement is scheduled to be the third-quarter results in February 2027, reflecting the full-year forecast revision against a backdrop of strong sales in the integrated ICT business.