2022.1Q Financial Results : Key Points

NTT DATA is performing well both domestically and abroad as a result of being able to capture strong demand for digitalization. NTT Ltd. has contributed through its increase in data centers, managed services and other high-value-added services, in addition to the effect of structural reforms that have been implemented thus far. The Global Solutions Business Segment has been the primary driver of the consolidated results.

Despite an increased revenues from the enterprise business and smart life business, total revenue decreased from the previous year due to a decrease in revenues in the consumer communications business that resulted from the effect of price decreases. Company-wide cost reduction initiatives covered the decrease in revenues and resulted the increase in profit year-over-year. The first quarter progressed in line with expectations.
We will work to achieve the fiscal year plan by expanding the enterprise business as a result of having a strengthened sales structure after the July reorganization, and by expanding the smart life business, including finance/payment and marketing solutions.

The increase in revenues was caused by an increase in electricity intermediary volumes at ENNET Corporation, which engages in the retail electricity business, in addition to an increase in revenues from electricity fees that reflected the surge in fuel prices, among other factors.