NTT, Inc. (9432) Earnings Call Transcripts

NTT, Inc.'s Latest Earnings Call - May 8, 2026

In the fiscal year ending March 2026, NTT, Inc. reported operating revenues of JPY 14,409.1 billion, a year-on-year increase of JPY 704.4 billion, driven by growth in the enterprise and Smart Life businesses. Operating profit rose to JPY 1,706.2 billion, up JPY 56.7 billion year-on-year, while net profit increased to JPY 1,037 billion, reflecting a JPY 37 billion rise. For fiscal year 2027, management anticipates continued revenue growth across all segments but expects profit to decline due to rising interest payments. The company has set a medium-term EBITDA target of JPY 4 trillion by 2030, indicating a cautious outlook amid evolving market conditions.

Reported metrics

Guidance from management

NTT expects operating revenues to continue increasing across all business segments for FY 2027, but anticipates a decline in profit due to rising interest payments. The medium-term EBITDA target has been set at JPY 4 trillion by 2030, with a focus on AI-driven growth areas.

What management said

Mr. Shimada, thank you very much. From now, we would like to open the floor for questions. [Operator Instructions] So we would like to take your questions. First of all, we would like to take the questions from this room. So right in front of me, please go ahead.

This is Tahira speaking. EBITDA of JPY 4 trillion to achieve that number, operating profit size will have to be exceeding JPY 2 trillion. Therefore, that is going to be the level of the operating profit in terms of the size of it.

What analysts pressed on

Analysts raised concerns about the sustainability of DOCOMO's consumer business profitability amid Japan's declining population and the challenges of maintaining handset numbers. There were also questions regarding the feasibility of achieving the ambitious EBITDA target given current market conditions and competition.

Main topics on the call

• Revenue Growth — NTT achieved record operating revenues of JPY 14,409.1 billion, an increase of JPY 704.4 billion year-on-year, attributed to the expansion of the enterprise business and Smart Life initiatives. Management noted, "Operati...
• Profit Guidance — Despite revenue growth, NTT expects a decline in profit for FY 2027 due to increased interest payments. Management stated, "Profit is planned to decrease year-on-year due to the increase in interest paid and others."
• Medium-Term Financial Targets — NTT revised its medium-term EBITDA target to JPY 4 trillion by 2030, reflecting a conservative approach. CEO Shimada mentioned, "We did create it in a sort of a conservative way... if possible, we would like to achieve t...
• Shareholder Returns — The company announced a year-end dividend of JPY 2.65 for FY 2025 and a forecasted increase to JPY 5.4 for FY 2026, marking the 16th consecutive year of dividend growth. Additionally, NTT plans share buybacks up to JPY 2...

Read the full NTT, Inc. transcript (May 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 37 NTT, Inc. earnings call transcripts on record, spanning February 6, 2020 to August 6, 2026. Based on this history, NTT, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

9432

Exchange

TSE

Country

JP

Sector

Communication Services

Industry

Diversified Telecommunication Services

Calls on record

37

First call

February 6, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly