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November 6, 2018

Notice regarding the Revision of Non-Consolidated Financial Forecasts

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its Board of Directors held today, NTT resolved to revise its non-consolidated financial forecasts for the fiscal year ending March 31, 2019, as stated below.

1.Reason for the Revision

NTT's Board of Directors resolved today that NTT may participate in the tender offer to sell 257,953,400 shares (approximately 600 billion yen) of its current holdings of NTT DOCOMO, INC. ("NTT DOCOMO") common stock. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2019, previously announced on May 11, 2018.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2019, because such events will not have a material impact on NTT's consolidated results of operations.

2.Revised Non-Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2019

(Millions of yen)

Operating Revenues Operating Income Recurring Profit Net Income Earnings per Share
Previous Forecast (A)

748,000

615,000

613,000

614,000

315.00 yen

Revised Forecast (B)

748,000

615,000

613,000

1,205,000

619.00 yen

Change (B-A)

0

0

0

591,000

Percentage Change (%)

0

0

0

96.3

(Reference) Results of the Fiscal Year Ended March 31, 2019

663,118

530,552

528,143

724,908

363.20 yen

NTT expects to record an extraordinary gain of 599.0 billion yen in connection with the sale of its shares in NTT DOCOMO. The proceeds from the sale of NTT DOCOMO shares are calculated based on the assumption that all tendered shares will be purchased, and at the tender offer price of "2,326yen/share". All or a portion of tendered shares may not be purchased.

The figures for Earnings per Share (Previous Forecast) have been calculated based on NTT's non-consolidated financial forecasts for the fiscal year ending March 31, 2019, previously announced on May 11, 2018.

For further inquiries, please contact:

Corporate Strategy Planning Department
Nippon Telegraph and Telephone Corporation
E-mail: jigyou@hco.ntt.co.jp

Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.