Refinement of the NTT Group Medium-Term Management Strategy

Tokyo, Japan - October 25^th, 2021 -NTT Corporation (NTT) officially announced to refine NTT Group medium-term management strategy which was announced on November 6^th, 2018. Under refined management strategy, NTT will contribute to achievement of sustainable society through "Enhance Domestic and Global Business" as well as "New Management Style Suitable for a Decentralized Network Society" and "Enhancement of Corporate Value thorough ESG Initiatives" which was publicized on Sep 28^th, 2021^*1*2.

1. Background

The decoupling of the world is accelerating due to COVID-19 pandemic and a remote/decentralized society is advanced. These situations make progress in digitalization and Digital Transformation (DX), on the other hand, negative aspect of digitalization such as surveillance society has appeared. In addition, our environment is dramatically changing with increasing the importance of economic security and scale of natural disasters worldwide. To respond these environmental changes, NTT refined the NTT Group medium-term management strategy to accelerate the transformation into an open global innovative new NTT with its vision "As Your Value Partner, NTT Group will aim to resolve social issues through its business activities with partners".

2. Details of Refinement of NTT Group Medium-Term Management Strategy

NTT Group will deploy its business with following transformation while responding future social economic directionality.

(1) Enhance of Domestic and Global Business

NTT Group will enhance its domestic and global business to respond advancement of digitalization/DX. NTT Group will accelerate following activities.

^I.Growth and strengthening of the newly formed DOCOMO Group

^II.Promotion of the IOWN development/rollout plan

^III.Enhance competitiveness of global business

^IV.Promote of the B2B2X model

^V.Strengthening of new business

(2) Transformation to a New Management Style

Looking ahead to post Covid-19 era, the NTT Group aims to transform a new management style*1 premised on remote work by revision of rules and improvement of IT environments as well as reforming various operations.

(3) Enhancement of Corporate Value

NTT Group aims to enhance its corporate value through following activities for ESG (Environment, Society and Governance) toward achievement of Well-being society.

^I.New environment and energy vision^*2

^II.Disaster countermeasure initiatives

^III.Enhancement of shareholders' return

3. Refinement of Medium-Term Financial Targets

Medium-Term Financial Targets are refined based on refinement of NTT group medium-term management strategy as follows. (Highlighted by orange)

4. Reference Material

Presentation Slides
（PDF:193KB）

Appendix
（PDF:2.35MB）

¹NTT transforms to a New Management Style, Sep 28, 2021
https://group.ntt/en/newsrelease/2021/09/28/210928b.html

²NTT Group's New Environment and Energy Vision "NTT Green Innovation toward 2040", Sep 28, 2021
https://group.ntt/en/newsrelease/2021/09/28/210928a.html

About NTT

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