FY2022 Financial Results: Key Points

Last updated : May 12, 2023

In FY2022, revenues and income both increased, and operating revenues, operating income and profit each reached new record-high levels, achieving our fiscal year plan. EPS also reached ¥348, exceeding the initial target of ¥340.
Our overseas operating income margin was 7.2%, achieving the medium-term financial target of 7% a year ahead of schedule.
For the FY2023 forecast, operating income and profit are both expected to reach record-high levels, despite an expected decrease in revenues due to the impact of exchange rates and other factors. We will also work to achieve the medium-term financial target of an EPS of ¥370.
The annual dividend forecast for FY2023 is ¥125 yen per share (an increase of ¥5 year-over-year), which would be the 13th consecutive year of dividend increases since FY2011.
On May 12, 2023, we announced our new medium-term management strategy (New value creation & Sustainability 2027 powered by IOWN) together with our FY2022 financial results (additional details are available here).
In order to lower the minimum investment price per unit of NTT, thereby facilitating an environment where it is easier to invest in NTT's shares and expanding NTT's investor base across a wide range of generations, we have authorized a 25-for-1 stock split of our common stock (with an effective date of July 1, 2023).

Please discuss the factors that caused operating income for the fiscal year to increase by +¥60.4 billion year-over-year, despite having decreased by ¥18.8 billion year-over-year through the end of the third quarter.

In the fourth quarter on a standalone basis, we were able to achieve a significant increase in income of +¥79.2 billion year-over-year, as a result of an increase in income in the Global Solutions Business segment caused by our capture of increased demand for digitalization and cost reductions from the structural reforms at NTT Ltd., and an increase in income in the Integrated ICT Business segment caused by growth in the enterprise and smart life businesses and the minimization of the decline in mobile communications revenues through an improvement in ARPU, among other factors.
How do you plan to achieve the FY2023 EPS target of ¥370?

Although we face risks such as rising electricity costs and increased interest rates, the entire group will work together to achieve the EPS target by working to grow our Integrated ICT Business segment through the growth of our enterprise and smart life businesses and a turnaround to increase income in the consumer communications business, and by working to generate profit in the Global Solutions Business segment by capturing demand for digitalization and reducing costs through structural reforms, among other initiatives.

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