NTT reported a 3.4% year-over-year increase in operating revenue, reaching ¥10.05 trillion for the first nine months of fiscal 2024. Despite revenue growth, operating profit declined by 5.9% to ¥1.4 trillion, and profit attributable to NTT dropped 15.9% to ¥850.7 billion. The decline in profitability was attributed to increased personnel expenses, rising costs for goods and services, and depreciation.
The Integrated ICT Business remained the largest segment, generating ¥4.57 trillion in revenue, followed by the Global Solutions Business at ¥3.41 trillion. While the Global Solutions segment showed strong growth, the Regional Communications segment saw a slight revenue decline. NTT is actively investing in cloud, AI, and data center infrastructure to support long-term growth and improve operational efficiency.
NTT’s financial position remains stable, with total assets rising to ¥30.6 trillion and shareholders’ equity reaching ¥10.16 trillion. The company continues its dividend payouts, forecasting a total dividend of ¥5.20 per share for fiscal 2024. Despite profitability pressures, NTT maintains a strong cash position with ¥1.2 trillion in cash and short-term investments.
In the network and infrastructure sector, NTT continued expanding its fiber-optic and 5G networks while pursuing AI-driven cloud services. The company also announced plans to sell a portion of its data center holdings, reinforcing its strategy of optimizing assets while focusing on digital transformation initiatives.
Key Metrics
Revenue and Profitability
• Operating revenue: ¥10.05 trillion (+3.4% YoY)
• Operating profit: ¥1.4 trillion (-5.9% YoY)
• Profit attributable to NTT: ¥850.7 billion (-15.9% YoY)
• Earnings per share: ¥10.15
Financial Position
• Total assets: ¥30.6 trillion (+3.4%)
• Shareholders’ equity: ¥10.16 trillion
• Cash and cash equivalents: ¥1.2 trillion
Network and Infrastructure Highlights
• Integrated ICT Business revenue: ¥4.57 trillion (+1.1% YoY)
• Global Solutions Business revenue: ¥3.41 trillion (+7.3% YoY)
• Expansion of fiber-optic networks and 5G infrastructure
• Data center asset divestment to optimize capital allocation
• Ongoing AI and cloud infrastructure investments for digital transformation
