[Translation]
Quarterly Securities Report
(The First Quarter of the 38th Business Term)
From April 1, 2022 to June 30, 2022
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
Table of Contents
Item 1. Overview of the Company …………………………………………………………………………………………… | 4 |
1. Selected Financial Data ………………………………………………………………………………………………… | 4 |
2. Description of Business ………………………………………………………………………………………………… | 5 |
Item 2. Business Overview …………………………………………………………………………………………………… | 6 |
1. Risk Factors ……………………………………………………………………………………………………………… | 6 |
2. Management's Analysis of Consolidated Financial Condition, Results of Operations, and Cash Flows ……………… | 6 |
3. Material Contracts ……………………………………………………………………………………………………… | 16 |
Item 3. Information on NTT ………………………………………………………………………………………………… | 17 |
1. Information on NTT's Shares …………………………………………………………………………………………… | 17 |
(1) Total Number of Shares ……………………………………………………………………………………………… | 17 |
(2) Information on Share Acquisition Rights …………………………………………………………………………… | 17 |
(3) Information on Moving Strike Convertible Bonds ………………………………………………………………… | 17 |
(4) Changes in the Total Number of Issued Shares, the Amount of Common Stock, and Other ……………………… | 18 |
(5) Major Shareholders ………………………………………………………………………………………………… | 18 |
(6) Information on Voting Rights ……………………………………………………………………………………… | 18 |
2. Changes in Directors and Senior Management ………………………………………………………………………… | 19 |
Item 4. Financial Information ………………………………………………………………………………………………… | 20 |
Condensed Consolidated Financial Statements …………………………………………………………………………… | 21 |
(1) Condensed Consolidated Statement of Financial Position …………………………………………………………… | 21 |
(2) Condensed Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income …… | 23 |
(3) Condensed Consolidated Statement of Changes in Equity…………………………………………………………… | 25 |
(4) Condensed Consolidated Statement of Cash Flows ………………………………………………………………… | 27 |
Notes……………………………………………………………………………………………………………………… | 28 |
1. Reporting Entity …………………………………………………………………………………………………… | 28 |
2. Basis of Accounting………………………………………………………………………………………………… | 28 |
3. Significant Accounting Policies …………………………………………………………………………………… | 29 |
4. Significant Accounting Estimates and Judgments Involving Estimates …………………………………………… | 29 |
5. New Standards Not Yet Applied …………………………………………………………………………………… | 29 |
6. Segment Information ……………………………………………………………………………………………… | 30 |
7. Assets Held for Sale………………………………………………………………………………………………… | 32 |
8. Property, Plant and Equipment……………………………………………………………………………………… | 33 |
9. Corporate Bonds…………………………………………………………………………………………………… | 33 |
10. Equity and Other Equity Items …………………………………………………………………………………… | 34 |
11. Operating Revenues ……………………………………………………………………………………………… | 37 |
12. Financial Instruments ……………………………………………………………………………………………… | 38 |
13. Subsequent Events ………………………………………………………………………………………………… | 40 |
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[Note]
This document is an English translation of certain items that were disclosed in NTT's Quarterly Securities Report for the three- month period ended June 30, 2022, which NTT filed on August 9, 2022 with the Financial Services Agency of Japan.
The forward-looking statements and projected figures concerning the future performance of NTT and its subsidiaries and affiliates contained or referred to herein are based on a series of assumptions, projections, estimates, judgments and beliefs of the management of NTT in light of information currently available to it regarding NTT and its subsidiaries and affiliates, the economy and telecommunications industry in Japan and overseas, and other factors. These projections and estimates may be affected by the future business operations of NTT and its subsidiaries and affiliates, the state of the economy in Japan and abroad, possible fluctuations in the securities markets, the pricing of services, the effects of competition, the performance of new products, services and new businesses, changes to laws and regulations affecting the telecommunications industry in Japan and elsewhere, other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein, as well as other risks included in NTT's most recent Annual Securities Report and in any other materials publicly disclosed by NTT on its website.
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[Cover]
[Document Filed] | Quarterly Securities Report ("Shihanki Hokokusho") |
[Applicable Law] | Article 24-4-7, Paragraph 1 of the Financial Instruments and Exchange |
Act of Japan | |
[Filed to] | Director, Kanto Local Finance Bureau |
[Filing Date] | August 9, 2022 |
[Fiscal Year] | The First Quarter of the 38th Business Term (From April 1, 2022 to June |
30, 2022) | |
[Company Name] | Nippon Denshin Denwa Kabushiki Kaisha |
[Company Name in English] | NIPPON TELEGRAPH AND TELEPHONE CORPORATION |
[Title and Name of Representative] | Akira Shimada, President and Chief Executive Officer |
[Address of Head Office] | 5-1, Otemachi 1-chome,Chiyoda-ku, Tokyo |
[Phone No.] | +81-3-6838-5481 |
[Contact Person] | Takuro Hanaki, Head of IR, Finance and Accounting Department |
[Contact Address] | 5-1, Otemachi 1-chome,Chiyoda-ku, Tokyo |
[Phone No.] | +81-3-6838-5481 |
[Contact Person] | Takuro Hanaki, Head of IR, Finance and Accounting Department |
[Place Where Available for Public | Tokyo Stock Exchange, Inc. |
Inspection] | (2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo) |
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Item 1. Overview of the Company
1. Selected Financial Data
IFRS
Three Months | Three Months | Fiscal year ended | ||
Ended | Ended | March 31, 2022 | ||
June 30,2021 | June 30,2022 | |||
Operating revenues | Millions | 2,892,570 | 3,068,871 | 12,156,447 |
of yen | ||||
Profit before taxes | Millions | 496,282 | 525,537 | 1,795,525 |
of yen | ||||
Profit attributable to NTT | Millions | 339,987 | 368,570 | 1,181,083 |
of yen | ||||
Comprehensive income (loss) attributable to | Millions | 379,089 | 452,072 | 1,373,364 |
NTT | of yen | |||
NTT shareholders' equity | Millions | 7,735,109 | 8,514,340 | 8,282,456 |
of yen | ||||
Total assets | Millions | 23,082,532 | 24,403,316 | 23,862,241 |
of yen | ||||
Basic earnings per share attributable to NTT | Yen | 93.87 | 104.07 | 329.29 |
Diluted earnings per share attributable to NTT | Yen | - | - | - |
Equity ratio | % | 33.5 | 34.9 | 34.7 |
(Ratio of NTT Shareholders' Equity to Total Assets) | ||||
Net cash provided by operating activities | Millions | 567,461 | 413,167 | 3,010,257 |
of yen | ||||
Net cash provided by investing activities | Millions | (587,669) | (454,966) | (1,699,152) |
of yen | ||||
Net cash provided by financing activities | Millions | 222,331 | 103,549 | (1,438,130) |
of yen | ||||
Cash and cash equivalents at end of period | Millions | 1,139,296 | 924,727 | 834,564 |
of yen | ||||
Notes: (1) NTT's consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
- As NTT prepares condensed consolidated financial statements, changes in the non-consolidated financial data, are not provided.
- Diluted earnings per share attributable to NTT is not stated because NTT did not have potentially dilutive common shares that were outstanding during the period.
- Basic earnings per share attributable to NTT is calculated based on the average number of shares outstanding during the three months ended June 30, 2022, excluding treasury stock. In addition, beginning with the 37th business term, NTT adopted a BIP (Board Incentive Plan) trust stock compensation system for Members of the Board and Executive Officers. As a result, in calculating Basic earnings per share attributable to NTT, shares held by such trust are included in the amount of treasury stock to be deducted from the calculation.
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NTT - Nippon Telegraph & Telephone Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 06:25:00 UTC.