NTT raised its consolidated net income forecast for the current fiscal year by 1.4%, from the previous forecast of ¥980.0 billion to ¥994.0 billion. It reported ¥500.1 billion for April–September and set its second-half plan at ¥493.8 billion.
NTT released its earnings on the afternoon of 4 November on an IFRS basis, reporting consolidated net income of ¥500.1 billion for the cumulative April–September period.
It raised its full-year net income forecast from the previous forecast of ¥980.0 billion to ¥994.0 billion, compared with ¥1.037 trillion in the previous fiscal year.
Based on first-half results and the second-half plan, consolidated net income for October–March was estimated at ¥493.8 billion, up 11.9% year on year.
Consolidated net income for the most recent 3-month period, July–September, was ¥225.3 billion, down 32.9% year on year, while the operating margin on sales fell from 15.4% to 10.8%.