Nippon Telegraph ( (NTTYY) ) has released its Q3 earnings. Here is a breakdown of the information Nippon Telegraph presented to its investors.
Nippon Telegraph and Telephone Corporation (NTT) is a leading telecommunications company based in Japan, providing a wide range of services including mobile communications, broadband internet, and system integration. Renowned for its extensive network and technological advancements, NTT operates primarily within the telecommunications sector.
In its latest earnings report for the nine months ending December 31, 2024, NTT reported a rise in operating revenues to ¥10,049,724 million, marking a 3.4% increase compared to the same period in the previous year. However, the company experienced declines in several profitability metrics, including a 5.9% drop in operating profit and a 13.8% decrease in profit before taxes.
Key financial performance details reveal that profit attributable to NTT fell by 15.9%, amounting to ¥850,691 million. The earnings per share also saw a decrease from ¥11.89 in the previous year to ¥10.15. Despite an increase in total assets to ¥30,603,365 million, the equity ratio slightly decreased to 33.2%, reflecting changes in the company’s financial structure.
The company’s forecast for the fiscal year ending March 31, 2025, anticipates modest revenue growth of 0.6% and projects operating profits to decrease by 5.9%, indicating potential challenges ahead. Nonetheless, NTT remains committed to its strategic initiatives, including the sale of shares in onshore wind power generation SPCs and data center holdings, which are expected to influence its future financial performance.
Looking forward, NTT’s management maintains a cautiously optimistic outlook, focusing on navigating market fluctuations while capitalizing on its robust telecommunications infrastructure to drive sustainable growth in the evolving digital landscape.