Notice Regarding the Partial Revision and Other Changes of the Medium-Term Management Strategy

NTT, Inc. ("NTT") hereby announces that at the Board of Directors' meeting held May 8, 2026, the following partial revision of the Medium-Term Management Strategy announced on May 12, 2023, were resolved. Accordingly, it is hereby also announced that changes to the performance-linked stock compensation system for Members of the Board and officers of NTT and its subsidiaries were also resolved at the Board of Directors' meeting held on May 8, 2026.

1. Partial Revision of the Medium-Term Management Strategy

(1) Details of the Revision

NTT has decided to revise the medium-term financial targets announced on May 12, 2023 as follows, and partially revise the Medium-Term Management Strategy.

Looking ahead, we aim to further broaden growth areas (Value-added Areas) by expanding our business from the perspective of value provided to customers – specifically through AI-related businesses in the Domestic Corporate Businesses, the growth of overseas businesses centered on data centers, and the expansion of personal services with a focus on finance offerings. Additionally, within existing areas (connectivity areas), we will promote the transition to AI-native next-generation infrastructure "AIOWN", optimized for GPU, network, and power. Through these initiatives, we aim to achieve EBITDA of 4 trillion yen in FY2030.

In addition to the above, sustainability-related targets also remain unchanged.

(2) Reasons for the Revision

Under the Medium-Term Management Strategy, we have intensified our focus on growth areas and driven transformative initiatives to enhance corporate value. While profits in growth areas are expanding steadily through aggressive investment and the realization of its results, in existing areas we are strengthening the customer base as traffic increases in an ever more intense and competitive environment.
Given these changes in the business environment, and to achieve both mid to long‑term growth and a stable financial foundation, NTT has decided to partially revise the Medium-Term Management Strategy.

<Related Materials>

Attachment 1 Presentation Slides
(pdf: 2.30MB) 21pages

2. Partial Revision of the Performance-Linked Stock Compensation System for Members of the Board and Officers of NTT and its Subsidiaries

In conjunction with the partial revision of the Medium-Term Management Strategy, we will make certain revisions to the details of the performance-based stock compensation system for Members of the Board and Officers. Please refer to Attachment 2 for further details.

<Related Materials>

Attachment 2 Partial Revision to the Details of the Performance-Linked Stock Compensation System for Members of the Board and Officers of NTT and its Subsidiaries
(pdf: 279KB) 9pages

3. Other (Revision of Key Performance Indicator for Executive Bonuses)

Based on the review of our medium-term financial targets, we plan to revise the key performance indicator for bonuses in fiscal year 2026 as follows.

⁽¹⁾ROIC excludes NTT DOCOMO Financial Group consolidated figures.

⁽²⁾GHG emissions are for GHG protocol Scope 1 & 2.

⁽³⁾The scope of aggregation for the percentage of female employees among newly appointed managers is for NTT, NTT DOCOMO*, NTT EAST, NTT WEST, and NTT DATA Group*.
* Figures for NTT DOCOMO include NTT DOCOMO BUSINESS. NTT DATA Group also includes figures for NTT DATA and NTT DATA, Inc.

⁽⁴⁾The employee engagement rate is the percentage of respondents who provide positive answers to the four indicators set as the NTT Group KPIs for measuring engagement. The scope of aggregation for the employee engagement rate includes NTT, NTT DOCOMO*, NTT EAST, NTT WEST, NTT DATA Group, NTT Urban Solutions, NTT Anode Energy, and their designated subsidiaries**.
* Figures for NTT DOCOMO include NTT DOCOMO BUSINESS.
** In addition to designated subsidiaries, the employee engagement survey is being expanded sequentially, and from fiscal year 2024, has also been conducted at overseas NTT group companies.

⁽⁵⁾Customer Engagement Indicator is calculated by using NPI (Next Purchase Intention) and NPS^® (Net Promotor Score^®). NPI is an index that measures continued usage intention and NPS^® is an index that measures recommendation likelihood. The focus of NTT's customer engagement efforts is on services for small and medium-sized businesses, a key priority area for NTT EAST, NTT WEST, and NTT DOCOMO**, consumer services as well as NTT DATA and NTT DOCOMO BUSINESS's services targeted towards large enterprises.
* Net Promoter Score and NPS are registered trademarks of Bain & Company, Inc., Fred Reichheld, and Satmetrix Systems, Inc. (currently NICE Systems, Inc.).
** Figures for NTT DOCOMO include NTT DOCOMO BUSINESS.

⁽⁶⁾In this note, "NTT DOCOMO," "NTT EAST," "NTT WEST," "NTT DATA Group," "NTT DOCOMO BUSINESS," "NTT DATA," "NTT DATA, Inc.," "NTT Urban Solutions," and "NTT Anode Energy" refer to NTT DOCOMO, INC., NTT EAST Inc., NTT WEST Inc., NTT DATA Group Corporation, NTT DOCOMO BUSINESS, Inc., NTT DATA Japan Corporation, NTT DATA, Inc., NTT Urban Solutions, Inc., and NTT Anode Energy Corporation, respectively.

(Note) 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, and other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein.

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