- Report of Foreign Issuer (6-K)

Figures do not include the number of employees who retired or will retire at the end of a fiscal year and who were rehired or will be rehired at the beginning of the following fiscal year.

Figures for East Outsourcing Companies include the consolidated prefectural outsourcing companies (NTT EAST-TOKYO and others), NTT-ME and NTT EAST SOLUTIONS, while figures for West Outsourcing Companies include the consolidated regional outsourcing companies (NTT WEST-KANSAI and others), NTT MARKETING ACT, NTT NEOMEIT and NTT WEST-HOMETECHNO. Figures for those companies include the number of employees who retired or will retire at the end of a fiscal year and who were rehired or will be rehired at the beginning of the following fiscal year, as described below:

— As of Mar. 31, 2013 (Forecast) (East Outsourcing Companies: 1,300 employees; West Outsourcing Companies: 1,450 employees)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of August, 2012

Commission File Number 1-8910

NIPPON TELEGRAPH AND TELEPHONE CORPORATION

(Translation of registrant’s name into English)

3-1, OTEMACHI 2-CHOME

CHIYODA-KU, TOKYO 100-8116 JAPAN

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

ANNOUNCEMENT OF FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2012

On August 6, 2012, the registrant filed with the Tokyo Stock Exchange and other stock exchanges in Japan on which its securities are traded information as to the registrant’s financial condition and results of operations at and for the three months ended June 30, 2012. Attached hereto is a copy of the press release and supplementary data relating thereto, both dated August 6, 2012, pertaining to such financial condition and results of operations, as well as forecasts for the registrant’s operations for the fiscal year ending March 31, 2013. The consolidated financial information of the registrant and that of its subsidiary, NTT DOCOMO, INC., included in the press release and the supplementary data relating thereto were prepared on the basis of accounting principles generally accepted in the United States. The non-consolidated financial information of the registrant and that of each of the registrant’s three wholly-owned subsidiaries, Nippon Telegraph and Telephone East Corporation, Nippon Telegraph and Telephone West Corporation and NTT Communications Corporation, as well as the consolidated financial information of its subsidiary NTT DATA CORPORATION, included in the press release and the supplementary data relating thereto were prepared on the basis of accounting principles generally accepted in Japan. The consolidated financial information of the registrant’s subsidiary, Dimension Data Holdings plc, included in the supplementary data related to the press release was prepared on the basis of International Financial Reporting Standards (“IFRS”). The financial information for the three months ended June 30, 2012 in the press release is unaudited.

The earnings projections of the registrant and its subsidiaries included in the press release contain forward-looking statements. The registrant desires to qualify for the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995, and consequently is hereby filing cautionary statements identifying important factors that could cause the registrant’s actual results to differ materially from those set forth in the attachment.

The registrant’s forward-looking statements are based on a series of assumptions, projections, estimates, judgments and beliefs of the management of the registrant in light of information currently available to it regarding the registrant and its subsidiaries and affiliates, the economy and the telecommunications industry in Japan and overseas, and other factors. These projections and estimates may be affected by the future business operations of the registrant 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, other changes in circumstances that could cause actual results to differ materially from any future results that may be derived from the forward-looking statements, as well as other risks included in the registrant’s most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.

No assurance can be given that the registrant’s actual results will not vary significantly from any expectation of future results that may be derived from the forward-looking statements included herein.

The attached material is a translation of the Japanese original. The Japanese original is authoritative.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


NIPPON TELEGRAPH AND TELEPHONE CORPORATION

By		/s/ Kazuhiko Nakayama
	Name:	Kazuhiko Nakayama
	Title:	General Manager
		Investor Relations Office

Date: August 6, 2012


Financial Results Release	August 6, 2012
For the Three Months Ended June 30, 2012	[U.S. GAAP	]

Name of registrant: Nippon Telegraph and Telephone Corporation (“NTT”)

Code No.: 9432 (URL http://www.ntt.co.jp/ir/)

Stock exchanges on which the Company's shares are listed: Tokyo, Osaka, Nagoya, Sapporo and Fukuoka

Representative: Hiroo Unoura, President and Chief Executive Officer

Contact: Kazuhiko Nakayama, Head of IR, Finance and Accounting Department / TEL +81-3-5205-5581

Scheduled date of filing quarterly securities report: August 7, 2012

Supplemental material on quarterly results: Yes

Presentation on quarterly results: Yes (for institutional investors and analysts)

1.	Consolidated Financial Results for the Three Months Ended June 30, 2012 (April 1, 2012 – June 30, 2012)

Amounts are rounded off to the nearest million yen.

(1) Consolidated Results of Operations


	(Millions of yen)
	Operating Revenues				Operating Income				Income before Income Taxes				Net Income Attributable to NTT
Three months ended June 30, 2012		2,575,932	1.5	%		352,307	0.9	%		346,573	(1.5	)%		156,560	2.3	%
Three months ended June 30, 2011		2,537,352	1.5	%		349,275	2.8	%		351,828	3.0	%		153,070	(1.8	)%

Note: Percentages above represent changes from the corresponding previous period.


	Basic Earnings per Share Attributable to NTT			Diluted Earnings per Share Attributable to NTT
Three months ended June 30, 2012		127.93	(yen)		—	(yen)
Three months ended June 30, 2011		115.69	(yen)		—	(yen)


Notes:	Comprehensive income (loss) attributable to NTT:	For the three months ended June 30, 2012:	202,015 million yen 20.2%
		For the three months ended June 30, 2011:	168,002 million yen 12.9%

(2) Consolidated Financial Position


	(Millions of yen, except per share amounts)
	Total Assets		Total Equity		NTT Shareholders’ Equity		Equity Ratio (Ratio of NTT Shareholders’ Equity to Total Assets)			NTT Shareholders’ Equity per Share
June 30, 2012		19,087,587		10,189,284		7,998,805		41.9	%		6,536.22	(yen)
March 31, 2012		19,389,699		10,047,729		7,882,587		40.7	%		6,441.26	(yen)

2.	Dividends


	Annual Dividends
	End of the first quarter		End of the second quarter			End of the third quarter		Year-end			Total
Year Ended March 31, 2012		—		70.00	(yen)		—		70.00	(yen)		140.00	(yen)
Year Ending March 31, 2013		—		—			—		—			—
Year Ending March 31, 2013 (Forecasts)		—		80.00	(yen)		—		80.00	(yen)		160.00	(yen)

Note: Change in forecasts of dividends during the three months ended June 30: None

3.	Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2013 (April 1, 2012 – March 31, 2013)


	(Millions of yen)
	Operating Revenues				Operating Income				Income before Income Taxes				Net Income Attributable to NTT				Basic Earnings per Share Attributable to NTT
Year Ending March 31, 2013		10,750,000	2.3	%		1,280,000	4.7	%		1,265,000	2.1	%		575,000	22.9	%		469.86	(yen	)

Notes:

1.	Percentages above represent changes from the previous period.

2.	Change in consolidated financial results forecasts for the fiscal year ending March 31, 2013 during the three months ended June 30, 2012: None

- 1 -

* Notes:

(1)

Change in significant consolidated subsidiaries during the three months ended June 30, 2012, which resulted in changes in the scope of consolidation: None

(2)

Adoption of accounting which is simplified or exceptional for quarterly consolidated financial statements: None

Note: This refers to the application of simplified or exceptional accounting for quarterly consolidated financial statements.

(3)

Change in significant accounting principles, procedures and presentation in quarterly consolidated financial statements

(i)

Change due to revision of accounting standards and other regulations: Yes

(ii)

Others: None

(For further details, please see “Others” on page 9.)

(4)

Number of shares outstanding (common stock)


1. Number of shares outstanding (including treasury stock):

		June 30, 2012 : 1,323,197,235 shares

		March 31, 2012 : 1,323,197,235 shares

2. Number of treasury stock:

		June 30, 2012 : 99,430,910 shares

		March 31, 2012 : 99,431,812 shares

3. Weighted average number of shares outstanding:

		For the three months ended June 30, 2012 : 1,223,765,662 shares

		For the three months ended June 30, 2011 : 1,323,134,547 shares

* Presentation on the status of quarterly review process:

This earnings release is not subject to the quarterly review process as required by the Financial Instruments and Exchange Act of Japan. As of the date when this earnings release was issued, the review process on quarterly financial statements as required by the Financial Instruments and Exchange Act had not been finished.

* Explanation for forecasts of operation and other notes:

Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently available and certain assumptions that we regard as reasonable and therefore actual results may differ materially from those contained in or suggested by any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the fiscal year ending March 31, 2013, please refer to pages 8 and 20.

On Monday, August 6, 2012, NTT will hold a presentation on its financial results for institutional investors and analysts. Shortly thereafter, NTT plans to post on its website explanatory details, along with the materials used at the presentation.

- 2 -

1. Qualitative Information

(1) Qualitative Information Relating to Consolidated Business Results

Consolidated results

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change			Percent Change
Operating revenues		2,537.4		2,575.9		38.6			1.5	%
Operating expenses		2,188.1		2,223.6		35.5			1.6	%
Operating income		349.3		352.3		3.0			0.9	%
Income before Income taxes and equity in earnings (losses) of affiliated companies		351.8		346.6		(5.3	)		(1.5	)%
Net Income attributable to NTT		153.1		156.6		3.5			2.3	%

During the three months ended June 30, 2012, NTT Group worked to expand broadband and ubiquitous services pursuant to its Medium-Term Management Strategy, adopted in May 2008, entitled “Road to Service Creation Business Group.”

•

Broadband Services

In the fixed communications field, NTT Group continued to take measures to expand the use of its “FLET’S Hikari” service and to improve its customer support services. In eastern Japan, in addition to basic Internet browsing applications, NTT Group launched “Hikari Box 2,” a set top box that enables the use of existing “FLET’S Market” applications on televisions.

In addition, NTT Group has reached agreements with SQUARE ENIX CO., LTD. and Nintendo Co., Ltd. to collaborate on promotions and Internet connection support, in order to provide more customers with a comfortable communication environment required for online games, such as “Dragon Quest X,” with the goal of further expanding FLET’S Hikari sales.

In the mobile communications field, NTT Group launched seven new mobile phone models, including the “GALAXY S III,” many of which are compatible with “Xi” LTE Service. NTT Group also unveiled the “Raku Raku Smartphone” and the new flat-rate data billing plan “Raku Raku Pake-hodai.” In addition, as part of the “DOCOMO Cloud” service enhancement, NTT Group improved the functions of the “Shabette Concier” voice-agent application.

•

Upper Layer Services Ÿ Solutions Business

With respect to the upper layer services, NTT Group made efforts to expand the content of video services and enhance services in response to the diversification of handsets used by customers. For example, in April, NTT Group began operating “NOTTV,” Japan’s first broadcast station for smartphones, which enables customers to receive high voice-quality, high definition broadcasting services similar to existing television broadcasts.

With respect to the solutions business, NTT Group made efforts to enhance its cloud service lineup. In particular, in the field of education, NTT Group launched a cloud-based education support service for colleges, which provides educational support and encourages interactive communication between teachers/staff members and students through cloud services. For corporations, NTT Group launched “BizXaaS BA,” a customer information analysis support service utilizing big data, which enables quick and cost-effective visualization of quality customers.

- 3 -

•

Global Businesses

NTT Group acquired overseas businesses with the objectives of expanding its service lineup and securing business know-how and personnel with expertise. In addition, in order to strengthen its ability to seamlessly provide global services to Japanese companies operating overseas and to local corporations, NTT Group built new data centers in Singapore and Malaysia, which are receiving attention as system hubs and disaster recovery (*1) locations for the Asia region because of their characteristic of experiencing minimal impact from natural disasters.

As a result of these efforts, NTT Group’s consolidated operating revenues for the three months ended June 30, 2012 were ¥2,575.9 billion (an increase of 1.5% from the same period of the previous fiscal year), consolidated operating expenses were ¥2,223.6 billion (an increase of 1.6% from the same period of the previous fiscal year), consolidated operating income was ¥352.3 billion (an increase of 0.9% from the same period of the previous fiscal year), consolidated net income before income taxes was ¥346.6 billion (a decrease of 1.5% from the same period of the previous fiscal year), and net income attributable to NTT was ¥156.6 billion (an increase of 2.3% from the same period of the previous fiscal year).

Note: The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States.

(*1)	This refers to repair and recovery of systems that are damaged as a result of natural disasters.

- 4 -

‚ Segment results

Results by business segment are as follows.

•

Regional communications business segment

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change			Percent Change
Operating revenues		924.6		900.5		(24.1	)		(2.6	)%
Operating expenses		899.9		879.6		(20.3	)		(2.3	)%
Operating income		24.6		20.9		(3.8	)		(15.3	)%

Despite an increase in IP/packet communications revenues attributable to the expansion in “FLET’S Hikari” subscriptions, consolidated operating revenues for the three-month period ended June 30, 2012 were ¥900.5 billion (a decrease of 2.6% from the same period of the previous fiscal year) due to, among other things, a decrease in fixed voice related revenues resulting from the decline in fixed-line telephone subscriptions. On the other hand, consolidated operating expenses fell to ¥879.6 billion (a decrease of 2.3% from the same period of the previous fiscal year) due to a decrease in personnel expenses as a result of a decline in the number of employees and other factors, including a decrease in depreciation and amortization. As a result, consolidated operating income for the three-month period ended June 30, 2012 was ¥20.9 billion (a decrease of 15.3% from the same period of the previous fiscal year).

Number of subscriptions


	(Thousands of subscriptions)
	As of March 31, 2012		As of June 30, 2012		Change		Percent Change
FLET’S Hikari ⁽¹⁾		16,564		16,872		307		1.9	%
NTT East		9,353		9,517		164		1.8	%
NTT West		7,211		7,354		143		2.0	%
Hikari Denwa ⁽²⁾		13,900		14,252		351		2.5	%
NTT East		7,402		7,577		175		2.4	%
NTT West		6,498		6,674		176		2.7	%

Notes:

(1)	“FLET’S Hikari” includes “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

(2)	The figures for Hikari Denwa indicate number of channels (in thousands).

- 5 -

•

Long-distance and international communications business segment

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change			Percent Change
Operating revenues		405.4		402.3		(3.2	)		(0.8	)%
Operating expenses		374.4		371.7		(2.7	)		(0.7	)%
Operating income		31.0		30.5		(0.5	)		(1.6	)%

Consolidated operating revenues for the three-month period ended June 30, 2012 were ¥402.3 billion (a decrease of 0.8% from the same period of the previous fiscal year). Although the number of consolidated subsidiaries expanded and system integration revenues of Dimension Data Holdings plc increased, operating revenues decreased due to, among other things, a decline in fixed voice related revenues. Consolidated operating expenses for the three-month period ended June 30, 2012 decreased to ¥371.7 billion (a decrease of 0.7% from the same period of the previous fiscal year) due to, among other things, a decrease in expenses for purchase of goods and services and other expenses. As a result, consolidated operating income for the three-month period ended June 30, 2012 was ¥30.5 billion (a decrease of 1.6% from the same period of the previous fiscal year).

•

Mobile communications business segment

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change		Percent Change
Operating revenues		1,047.3		1,072.3		25.0		2.4	%
Operating expenses		780.7		804.2		23.5		3.0	%
Operating income		266.6		268.1		1.5		0.5	%

Despite a decline in voice revenues due to the impacts of “Monthly Support” discount programs and a decrease in billable MOU (*1), consolidated operating revenues for the mobile communications business segment for the three-month period ended June 30, 2012 were ¥1,072.3 billion (an increase of 2.4% from the same period of the previous fiscal year) due to an increase of IP/packet communications revenues as a result of the expansion in the number of smartphone users and an increase in communications handset sales revenues. On the other hand, despite NTT Group’s ongoing cost-cutting efforts, consolidated operating expenses for the three-month period ended June 30, 2012 were ¥804.2 billion (an increase of 3.0% from the previous fiscal year) due to an implementation of measures for future revenue growth and an increase in wholesale unit prices of handsets in conjunction with the increase in smartphone sales. As a result, consolidated operating income for the three-month period ended June 30, 2012 was ¥268.1 billion (an increase of 0.5% from the same period of the previous fiscal year).

(*1) MOU (Minutes Of Use): average monthly minutes of use per unit.

Number of subscriptions


	(Thousands of subscriptions)
	As of March 31, 2012		As of June 30, 2012		Change			Percent Change
Mobile phone services		60,129		60,396		266			0.4	%
FOMA services		57,905		57,079		(825	)		(1.4	)%
Xi services		2,225		3,317		1,092			49.1	%
i-mode services / sp-mode service		51,908		51,805		(102	)		(0.2	)%

Notes:

(1)	The numbers for mobile phone service subscriptions and “FOMA” service subscriptions include communications module service subscriptions.

(2)	Effective March 3, 2008, “FOMA” service subscriptions became mandatory for subscriptions to “2in1” services. Such “FOMA” service subscriptions to “2in1” services are included in the above numbers of mobile phone service subscriptions and “FOMA” service subscriptions.

- 6 -

•

Data communications business segment

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change		Percent Change
Operating revenues		271.1		296.5		25.4		9.4	%
Operating expenses		257.2		281.7		24.5		9.5	%
Operating income		13.9		14.8		0.9		6.3	%

Consolidated operating revenues for the three-month period ended June 30, 2012 were ¥296.5 billion (an increase of 9.4% from the same period of the previous fiscal year) due to, among other things, increased revenues resulting from the increase in the number of consolidated subsidiaries. Consolidated operating expenses for the three-month period ended June 30, 2012 rose to ¥281.7 billion (an increase of 9.5% from the same period of the previous fiscal year) due to, among other things, an increase in expenses attributable to an increase in selling, general and administrative expenses caused by the increase in the number of consolidated subsidiaries. As a result, consolidated operating income for the three-month period ended June 30, 2012 was ¥14.8 billion (an increase of 6.3% from the same period of the previous fiscal year).

•

Other segments

Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)		Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)		Change		Percent Change
Operating revenues		231.7		252.2		20.5		8.8	%
Operating expenses		222.5		236.8		14.3		6.4	%
Operating income		9.2		15.4		6.2		67.8	%

Consolidated operating revenues for the three-month period ended June 30, 2012 were ¥252.2 billion (an increase of 8.8% from the same period of the previous fiscal year) due to, among other things, increased revenues in the real estate business. Consolidated operating expenses for the three-month period ended June 30, 2012 were ¥236.8 billion (an increase of 6.4% from the same period of the previous fiscal year) due to, among other things, an increase in revenue-linked expenses. As a result, consolidated operating income for the three-month period ended June 30, 2012 was ¥15.4 billion (an increase of 67.8% from the same period of the previous fiscal year).

- 7 -

(2) Qualitative Information Relating to Consolidated Financial Position

Consolidated cash flows from operating activities for the three-month period ended June 30, 2012 were ¥407.1 billion (a decrease of ¥92.8 billion (18.6%) compared to the same period of the previous fiscal year). This decrease in cash flows was due to, among other factors, a decrease in the collection of accounts receivable.

Consolidated cash flows from investing activities showed outlays of ¥495.5 billion (a decrease of ¥188.1 billion (27.5%) compared to the same period of the previous fiscal year). This decrease was due to, among other factors, a decrease in short-term investments associated with cash management activities exceeding three months in duration.

Consolidated cash flows from financing activities amounted to cash outlays of ¥20.1 billion (a decrease of ¥40.3 billion (66.8%) compared to the same period of the previous fiscal year). This decrease was due to, among other factors, an increase in short-term debt, while long-term debt decreased.

As a result of the above, NTT Group’s consolidated cash and cash equivalents as of June 30, 2012 were ¥916.2 billion (a decrease of ¥104.0 billion (10.2%) from the end of the previous fiscal year).


	(Billions of yen)
	Three-Month Period Ended June 30, 2011 (April 1, 2011 – June 30, 2011)			Three-Month Period Ended June 30, 2012 (April 1, 2012 – June 30, 2012)			Change			Percent Change
Cash flows from operating activities		499.9			407.1			(92.8	)		(18.6	)%
Cash flows from investing activities		(683.6	)		(495.5	)		188.1			27.5	%
Cash flows from financing activities		(60.3	)		(20.1	)		40.3			66.8	%

(3) Qualitative Information Relating to Consolidated Results Forecasts

There are no changes to the consolidated results forecasts for the period under review announced on May 11, 2012. NTT manages its business results on an annual basis, and does not prepare consolidated results forecasts for the six months ending September 30, 2012. For the assumptions used in the consolidated results forecasts and other related matters, please see page 20.

- 8 -

2. OTHERS

(1)

Change in significant consolidated subsidiaries during the three months ended June 30, 2012, which resulted in changes in the scope of consolidation: None

(2)

Adoption of accounting which is simplified or exceptional for quarterly consolidated financial statements: None

(3)

Change in significant accounting principles, procedures and presentation in quarterly consolidated financial statements

Presentation of Comprehensive Income

Effective April 1, 2012, NTT Group adopted Accounting Standards Update (“ASU”) 2011-05 “Presentation of Comprehensive Income.” This ASU requires comprehensive income to be reported in either a single continuous statement or in two separate but consecutive statements reporting net income and other comprehensive income, and eliminates the option to report other comprehensive income and its components in the statement of changes in stockholder’s equity. In adopting the applicable standards, NTT Group implemented the two separate but consecutive statements reporting method.

- 9 -

3. CONSOLIDATED FINANCIAL STATEMENTS

(1) Consolidated Balance Sheets


	Millions of yen
	March 31, 2012			June 30, 2012			Increase (Decrease)
ASSETS
Current assets:
Cash and cash equivalents	¥	1,020,143		¥	916,187		¥	(103,956	)
Short-term investments		306,921			241,097			(65,824	)
Notes and accounts receivable, trade		2,287,986			2,065,527			(222,459	)
Allowance for doubtful accounts		(48,356	)		(46,038	)		2,318
Accounts receivable, other		277,277			289,622			12,345
Inventories		329,373			332,568			3,195
Prepaid expenses and other current assets		315,566			414,263			98,697
Deferred income taxes		223,021			211,484			(11,537	)

Total current assets		4,711,931			4,424,710			(287,221	)


Property, plant and equipment:
Telecommunications equipment		14,425,252			14,358,251			(67,001	)
Telecommunications service lines		14,830,873			14,893,605			62,732
Buildings and structures		5,915,743			5,933,822			18,079
Machinery, vessels and tools		1,820,648			1,847,853			27,205
Land		1,133,077			1,130,048			(3,029	)
Construction in progress		363,201			369,349			6,148

		38,488,794			38,532,928			44,134
Accumulated depreciation		(28,682,438	)		(28,788,517	)		(106,079	)

Net property, plant and equipment		9,806,356			9,744,411			(61,945	)


Investments and other assets:
Investments in affiliated companies		543,273			574,325			31,052
Marketable securities and other investments		295,254			288,593			(6,661	)
Goodwill		771,420			790,341			18,921
Software		1,344,356			1,342,314			(2,042	)
Other intangibles		263,964			268,019			4,055
Other assets		863,852			882,845			18,993
Deferred income taxes		789,293			772,029			(17,264	)

Total investments and other assets		4,871,412			4,918,466			47,054

Total assets	¥	19,389,699		¥	19,087,587		¥	(302,112	)

- 10 -


	Millions of yen
	March 31, 2012			June 30, 2012			Increase (Decrease)
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	¥	83,507		¥	228,695		¥	145,188
Current portion of long-term debt		656,963			810,706			153,743
Accounts payable, trade		1,482,594			1,074,125			(408,469	)
Current portion of obligations under capital leases		18,709			17,566			(1,143	)
Accrued payroll		476,442			365,820			(110,622	)
Accrued interest		9,832			8,413			(1,419	)
Accrued taxes on income		198,281			105,362			(92,919	)
Accrued consumption tax		46,255			53,873			7,618
Advances received		189,007			199,528			10,521
Other		332,663			396,552			63,889

Total current liabilities		3,494,253			3,260,640			(233,613	)

Long-term liabilities:
Long-term debt		3,509,820			3,316,160			(193,660	)
Obligations under capital leases		36,919			35,241			(1,678	)
Liability for employees' retirement benefits		1,534,885			1,541,133			6,248
Accrued liabilities for point programs		187,432			170,374			(17,058	)
Deferred income taxes		169,591			172,932			3,341
Other		409,070			401,823			(7,247	)

Total long-term liabilities		5,847,717			5,637,663			(210,054	)

Equity:
NTT shareholders’ equity
Common stock, no par value		937,950			937,950			—
Additional paid-in capital		2,832,165			2,832,165			—
Retained earnings		4,888,746			4,959,503			70,757
Accumulated other comprehensive income (loss)		(357,843	)		(312,388	)		45,455
Treasury stock, at cost		(418,431	)		(418,425	)		6

Total NTT shareholders’ equity		7,882,587			7,998,805			116,218

Noncontrolling interests		2,165,142			2,190,479			25,337

Total equity		10,047,729			10,189,284			141,555

Total liabilities and equity	¥	19,389,699		¥	19,087,587		¥	(302,112	)

- 11 -

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

THREE-MONTH PERIOD ENDED JUNE 30

Consolidated Statements of Income


	Millions of yen
	2011			2012			Increase (Decrease)
Operating revenues:
Fixed voice related services	¥	501,185		¥	451,026		¥	(50,159	)
Mobile voice related services		482,142			432,258			(49,884	)
IP / packet communications services		873,416			936,026			62,610
Sale of telecommunication equipment		129,012			168,419			39,407
System integration		389,791			411,577			21,786
Other		161,806			176,626			14,820

		2,537,352			2,575,932			38,580

Operating expenses:
Cost of services (exclusive of items shown separately below)		577,881			591,406			13,525
Cost of equipment sold (exclusive of items shown separately below)		168,588			179,425			10,837
Cost of system integration (exclusive of items shown separately below)		259,055			274,201			15,146
Depreciation and amortization		461,767			460,283			(1,484	)
Impairment loss		89			170			81
Selling, general and administrative expenses		720,697			718,140			(2,557	)

		2,188,077			2,223,625			35,548

Operating income		349,275			352,307			3,032

Other income (expenses):
Interest and amortization of bond discounts and issue costs		(14,155	)		(13,916	)		239
Interest income		5,176			4,324			(852	)
Other, net		11,532			3,858			(7,674	)

		2,553			(5,734	)		(8,287	)

Income before income taxes and equity in earnings (losses) of affiliated companies		351,828			346,573			(5,255	)

Income tax expense (benefit):
Current		124,154			112,197			(11,957	)
Deferred		17,348			20,776			3,428

		141,502			132,973			(8,529	)

Income before equity in earnings (losses) of affiliated companies		210,326			213,600			3,274

Equity in earnings (losses) of affiliated companies		(79	)		2,918			2,997

Net income		210,247			216,518			6,271

Less – Net income attributable to noncontrolling interests		(57,177	)		(59,958	)		(2,781	)

Net income attributable to NTT	¥	153,070		¥	156,560		¥	3,490


Per share of common stock:
Weighted average number of shares outstanding (Shares)		1,323,134,547			1,223,765,662

Net income attributable to NTT (Yen)	¥	115.69		¥	127.93


Consolidated Statements of Comprehensive Income

	Millions of yen
	2011			2012			Increase (Decrease)
Net income	¥	210,247		¥	216,518		¥	6,271
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on securities		8,133			(195	)		(8,328	)
Unrealized gain (loss) on derivative instruments		(6,623	)		1,361			7,984
Foreign currency translation adjustments		13,572			45,748			32,176
Pension liability adjustments		1,227			3,855			2,628
Total other comprehensive income (loss)		16,309			50,769			34,460
Total comprehensive income (loss)		226,556			267,287			40,731
Less – Comprehensive income attributable to noncontrolling interests		(58,554	)		(65,272	)		(6,718	)

Total comprehensive income (loss) attributable to NTT	¥	168,002		¥	202,015		¥	34,013

- 12 -

(3) Consolidated Statements of Cash Flows

THREE-MONTH PERIOD ENDED JUNE 30


	Millions of yen
	2011			2012			Increase (Decrease)
Cash flows from operating activities:
Net income	¥	210,247		¥	216,518		¥	6,271
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization		461,767			460,283			(1,484	)
Impairment loss		89			170			81
Deferred taxes		17,348			20,776			3,428
Loss on disposal of property, plant and equipment		16,573			21,719			5,146
Equity in (earnings) losses of affiliated companies		79			(2,918	)		(2,997	)
(Increase) decrease in notes and accounts receivable, trade		301,885			223,403			(78,482	)
(Increase) decrease in inventories		(41,463	)		(1,844	)		39,619
(Increase) decrease in other current assets		(102,204	)		(112,483	)		(10,279	)
Increase (decrease) in accounts payable, trade and accrued payroll		(349,480	)		(373,192	)		(23,712	)
Increase (decrease) in accrued consumption tax		16,459			7,362			(9,097	)
Increase (decrease) in accrued interest		(1,892	)		(1,293	)		599
Increase (decrease) in advances received		14,082			8,491			(5,591	)
Increase (decrease) in accrued taxes on income		(96,150	)		(93,517	)		2,633
Increase (decrease) in other current liabilities		59,355			55,004			(4,351	)
Increase (decrease) in liability for employees’ retirement benefits		9,300			12,087			2,787
Increase (decrease) in other long-term liabilities		(15,847	)		(26,112	)		(10,265	)
Other		(272	)		(7,328	)		(7,056	)

Net cash provided by operating activities	¥	499,876		¥	407,126		¥	(92,750	)

- 13 -


	Millions of yen
	2011			2012			Increase (Decrease)
Cash flows from investing activities:
Payments for property, plant and equipment	¥	(373,857	)	¥	(438,573	)	¥	(64,716	)
Payments for acquisitions of intangibles		(118,667	)		(121,210	)		(2,543	)
Proceeds from sale of property, plant and equipment		2,253			2,906			653
Payments for purchase of non-current investments		(16,102	)		(4,062	)		12,040
Proceeds from sale and redemption of non-current investments		2,801			896			(1,905	)
Acquisitions of subsidiaries, net of cash acquired		(28,736	)		(6,057	)		22,679
Payments for purchase of short-term investments		(316,598	)		(217,227	)		99,371
Proceeds from redemption of short-term investments		148,424			285,200			136,776
Other		16,880			2,590			(14,290	)

Net cash used in investing activities		(683,602	)		(495,537	)		188,065

Cash flows from financing activities:
Proceeds from issuance of long-term debt		417,554			42,670			(374,884	)
Payments for settlement of long-term debt		(169,271	)		(74,710	)		94,561
Proceeds from issuance of short-term debt		310,522			620,168			309,646
Payments for settlement of short-term debt		(499,751	)		(473,174	)		26,577
Dividends paid		(79,388	)		(85,664	)		(6,276	)
Proceeds from sale of (payments for acquisition of) treasury stock, net		(7	)		3			10
Acquisition of treasury stocks by subsidiary		(777	)		(9	)		768
Other		(39,196	)		(49,337	)		(10,141	)

Net cash used in financing activities		(60,314	)		(20,053	)		40,261

Effect of exchange rate changes on cash and cash equivalents		1,866			4,508			2,642

Net increase (decrease) in cash and cash equivalents		(242,174	)		(103,956	)		138,218
Cash and cash equivalents at beginning of period		1,435,158			1,020,143			(415,015	)

Cash and cash equivalents at end of period	¥	1,192,984		¥	916,187		¥	(276,797	)

Cash paid during the period for:
Interest	¥	17,500		¥	15,282		¥	(2,218	)
Income taxes, net	¥	229,226		¥	220,461		¥	(8,765	)

- 14 -

(4) Going Concern Assumption

None

(5) Business Segments

THREE-MONTH PERIOD ENDED JUNE 30

1. Sales and operating revenues


	(Millions of yen)
	Three months ended June 30, 2011			Three months ended June 30, 2012			Increase (Decrease)
Regional communications business
External customers		813,285			794,823			(18,462	)
Intersegment		111,293			105,645			(5,648	)

Total		924,578			900,468			(24,110	)

Long-distance and international communications business
External customers		379,166			376,575			(2,591	)
Intersegment		26,272			25,693			(579	)

Total		405,438			402,268			(3,170	)

Mobile communications business
External customers		1,040,099			1,065,812			25,713
Intersegment		7,190			6,469			(721	)

Total		1,047,289			1,072,281			24,992

Data communications business
External customers		240,572			259,484			18,912
Intersegment		30,496			36,969			6,473

Total		271,068			296,453			25,385

Other
External customers		64,230			79,238			15,008
Intersegment		167,448			172,923			5,475

Total		231,678			252,161			20,483

Elimination		(342,699	)		(347,699	)		(5,000	)

Consolidated total		2,537,352			2,575,932			38,580


2. Segment profit
	(Millions of yen)
	Three months ended June 30, 2011			Three months ended June 30, 2012			Increase (Decrease)
Segment profit
Regional communications business		24,640			20,870			(3,770	)
Long-distance and international communications business		31,025			30,527			(498	)
Mobile communications business		266,601			268,063			1,462
Data communications business		13,913			14,787			874
Other		9,159			15,368			6,209

Total segment profit		345,338			349,615			4,277

Elimination		3,937			2,692			(1,245	)

Consolidated total		349,275			352,307			3,032

- 15 -

(6) NTT Shareholders’ Equity

Dividends

Cash dividends paid


Resolution		The shareholders’ meeting on June 22, 2012
Class of shares		Common stock
Source of dividends		Retained earnings
Total cash dividends paid		¥85,664 million
Cash dividends per share		¥70
Date of record		March 31, 2012
Date of payment		June 25, 2012

Significant Changes in NTT Shareholders’ Equity

None

(7) Subsequent events

On June 12, 2012, the board of directors resolved that NTT may raise up to ¥80 billion by issuing bonds or incurring long-term borrowings during the period from July 1 to September 30, 2012. Based on this resolution, NTT issued bonds as follows:

Nippon Telegraph and Telephone Corporation United States dollar-denominated straight bonds


Date of issue		July 18, 2012
Issue amount		USD 750 million (¥59,723 million)
Issue price		99.865%
Interest rate		1.4%
Date of maturity		July 18, 2017
Use of proceeds		Capital investments

- 16 -

4. (Reference)

NON-CONSOLIDATED FINANCIAL STATEMENTS

(1) NON-CONSOLIDATED BALANCE SHEETS

(Based on accounting principles generally accepted in Japan)


	Millions of yen
	March 31, 2012		June 30, 2012
ASSETS
Current assets:
Cash and bank deposits		10,490		18,354
Accounts receivable, trade		1,613		327
Supplies		251		279
Subsidiary deposits		152,327		193,747
Other		390,376		551,825

Total current assets		555,058		764,534

Fixed assets:
Property, plant and equipment		174,450		171,162
Intangible fixed assets		46,672		45,952
Investments and other assets
Investments in subsidiaries and affiliated companies		5,072,933		5,074,934
Long-term loans receivable to subsidiaries		1,642,330		1,501,530
Other		33,320		34,958

Total investments and other assets		6,748,584		6,611,422

Total fixed assets		6,969,706		6,828,537

TOTAL ASSETS		7,524,765		7,593,071


Notes:	1.	These quarterly financial statements are exempt from auditor’s review in the legal disclosure.
	2.	These quarterly financial statements are prepared based on “Regulation for Terminology, Forms and Preparation of Quarterly Financial Statements.”

- 17 -

(Reference)


	Millions of yen
	March 31, 2012			June 30, 2012
LIABILITIES
Current liabilities:
Accounts payable, trade		273			86
Current portion of corporate bonds		293,422			331,720
Current portion of long-term borrowings		151,700			231,700
Accrued taxes on income		4,208			389
Deposit received from subsidiaries		98,261			85,816
Other		39,063			40,115

Total current liabilities		586,930			689,828

Long-term liabilities:
Corporate bonds		1,059,780			999,790
Long-term borrowings		1,141,830			1,061,030
Liability for employees’ retirement benefits		30,675			30,941
Asset retirement obligations		1,152			1,158
Other		1,368			1,187

Total long-term liabilities		2,234,806			2,094,108

TOTAL LIABILITIES		2,821,737			2,783,937

NET ASSETS
Shareholders’ equity:
Common stock		937,950			937,950
Capital surplus		2,672,826			2,672,826
Earned surplus		1,510,743			1,616,843
Treasury stock		(418,431	)		(418,424	)

Total shareholders’ equity		4,703,088			4,809,194

Unrealized gains (losses), translation adjustments, and others:
Net unrealized gains (losses) on securities		(60	)		(60	)

Total unrealized gains (losses), translation adjustments, and others		(60	)		(60	)

TOTAL NET ASSETS		4,703,028			4,809,134

TOTAL LIABILITIES AND NET ASSETS		7,524,765			7,593,071


Notes:	1.	These quarterly financial statements are exempt from auditor’s review in the legal disclosure.
	2.	These quarterly financial statements are prepared based on “Regulation for Terminology, Forms and Preparation of Quarterly Financial Statements.”

- 18 -

(Reference)

(2) NON-CONSOLIDATED STATEMENTS OF INCOME

THREE-MONTH PERIOD ENDED JUNE 30

(Based on accounting principles generally accepted in Japan)


	Millions of yen
	2011		2012
Operating revenues		211,941		227,305
Operating expenses		34,283		34,130

Operating income		177,657		193,175

Non-operating revenues:
Interest income		6,931		6,444
Lease and rental income		3,105		2,926
Miscellaneous income		362		203

Total non-operating revenues		10,399		9,574

Non-operating expenses:
Interest expenses		3,411		4,216
Corporate bond interest expenses		5,087		4,688
Miscellaneous expenses		1,837		1,467

Total non-operating expenses		10,335		10,372

Recurring profit		177,720		192,377

Income before income taxes		177,720		192,377

Income taxes		906		611

Net income		176,814		191,766

(Reference) Major components of operating revenues
Dividends received		174,794		190,171
Revenues from group management		4,787		4,750
Revenues from basic R&D		30,249		30,250


Notes:	1.	These quarterly financial statements are exempt from auditor’s review in the legal disclosure.
	2.	These quarterly financial statements are prepared based on “Regulation for Terminology, Forms and Preparation of Quarterly Financial Statements.”

- 19 -

[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, other changes in circumstances that could cause actual results to differ materially from the forecasts contained or referred to herein, as well as other risks included in NTT’s most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.

- 20 -

Attachment

Nippon Telegraph and Telephone Corporation

August 6, 2012

NTT’s Shares and Shareholders (as of June 30, 2012)

1.	Classification of Shareholders


Details	NTT’s Shares and Shareholders (1 unit = 100 shares)																Shares Representing Less Than One Unit
	Government and Public Bodies		Financial Institutions		Securities Firms		Other Domestic Corporations		Foreign Corporations, etc.				Domestic Individuals, etc.		Total
	Government and Public Bodies		Financial Institutions		Securities Firms		Other Domestic Corporations		Non- Individuals		Individuals		Domestic Individuals, etc.		Total
Total Holders		3		305		93		7,498		1,067		962		904,095		914,023		—
Total Shares (Units)		4,312,329		2,165,501		55,805		173,310		3,289,564		7,940		3,210,223		13,214,672		1,730,035
%		32.63		16.39		0.42		1.31		24.89		0.06		24.29		100.00		—

Notes:

(1)

“Domestic Individuals, etc.” includes 994,312 units of treasury stock, and “Shares Representing Less Than One Unit” includes 10 shares of treasury stock. 99,431,210 shares of treasury stock represents the number of shares of treasury stock recorded in the shareholders’ register; the actual number of treasury stock shares at the end of June 30, 2012 was 99,430,910.

(2)	“Other Domestic Corporations” includes 160 units under the name of the Japan Securities Depository Center, and “Shares Representing Less Than One Unit” includes 72 shares under the name of the Japan Securities Depository Center.

(3)	The number of shareholders who only own shares representing less than one unit is 224,267.

2.	Classification by Number of Shares


Details	NTT’s Shares and Shareholders (1 unit = 100 shares)																Shares Representing Less Than One Unit
Details	At Least 1,000 Units		At Least 500 Units		At Least 100 Units		At Least 50 Units		At Least 10 Units		At Least 5 Units		At Least 1 Unit		Total		Shares Representing Less Than One Unit
Number of Holders		399		176		954		1,108		26,259		59,686		825,441		914,023		—
%		0.04		0.02		0.10		0.12		2.87		6.53		90.31		100.00		—
Total Shares (Units)		10,782,419		121,742		195,445		71,594		405,198		362,572		1,275,702		13,214,672		1,730,035
%		81.59		0.92		1.48		0.54		3.07		2.74		9.65		100.00		—

Notes:

(1)	“At Least 1,000 Units” includes 994,312 units of treasury stock, and “Shares Representing Less Than One Unit” includes 10 shares of treasury stock.

(2)	“At Least 100 Units” includes 160 units under the name of the Japan Securities Depository Center, and “Shares Representing Less Than One Unit” includes 72 shares under the name of the Japan Securities Depository Center.

3.	Principal Shareholders


Name	Share Holdings (in thousands of shares)		Percentage of Total Shares Issued (%)
The Minister of Finance		431,232		32.59
Japan Trustee Services Bank, Ltd. (Trust Account)		55,913		4.23
The Master Trust Bank of Japan, Ltd. (Trust Account)		39,952		3.02
Moxley and Co LLC		19,285		1.46
The Chase Manhattan Bank, N.A. London Secs Lending Omnibus Account		18,931		1.43
Japan Trustee Services Bank, Ltd. (Trust Account 9)		18,416		1.39
SSBT OD05 Omnibus Account – Treaty Clients		17,321		1.31
State Street Bank and Trust Company 505224		11,346		0.86
NTT Employee Share-Holding Association		10,953		0.83
Government of Singapore Investment Corporation Pte Ltd Account “C”		9,657		0.73

Total		633,011		47.84

Note: The Company’s holdings of treasury stock (99,430,910 shares) are not included in the above table.

- 21 -

LOGO

Financial Results for the Three Months Ended June 30, 2012

August 6, 2012

LOGO

Disclaimer Information

“E” in this material represents that the figure is a plan or projection for operation. “FY” in this material indicates the fiscal year ending March 31 of the succeeding year.

“1Q” in this material represents the 3-month period beginning on April 1 and ending on June 30.

Financial Results for the Three Months Ended June 30, 2012

LOGO

FY2012/1Q Highlights NTT

Increased Operating Revenue and Operating Income

Steady Expansion of Global Revenues

3.0 billion USD: an increase of 0.4 billion USD compared to the same period of the previous fiscal year

Expansion of Smartphones / Xi

No. of smartphones sold: 2.49 million (1.9 times the amount compared to the same period of the previous fiscal year)

No. of Xi subscriptions sold: 3.32 million (a 50% increase from the end of March 2012)

Expansion of Video Business

No. of Hikari TV and FLET’S TV subscriptions exceeded 3 million

The structural reform of NTT’s business structure steadily progressed

IP Business and Solution & New Business accounted for 72% of all revenue (a 5% increase compared to the same period of the previous fiscal year)

Consolidated Operating Income

(Billions of yen)

1Q FY

1,280.0

1,223.0 (forecast)

349.3 352.3 FY2011 FY2012

Global Revenues

(Billions of USD)

1Q FY

13.0

(forecast)

11.6

2.6 3.0

FY2011FY2012

Financial Results for the Three Months Ended June 30, 2012

–2–

LOGO

Consolidated Results and Forecasts (U.S. GAAP)

FY2012/1Q Highlights and Forecasts

Operating Revenues increased by 38.6 billion yen from FY2011/1Q. Operating Income increased by 3.0 billion yen from FY2011/1Q.

Operating Revenues and Operating Income progressed in line with the Forecasts.

(Billions of yen)

FY2012/1Q FY2012 % progress

Forecasts compared to

FY2011/1Q FY2012

Change Change Forecasts

[%]

year-on-year year-on-year

Operating

Revenues 2,575.9 +38.6 +1.5% 2,537.4 10,750.0 242.6 24.0%

Operating

Expenses 2,223.6 +35.5 +1.6% 2,188.1 9,470.0 185.6 23.5%

Operating 352.3 +3.0 +0.9% 349.3 1,280.0 57.0 27.5%

Income Net Income 156.6 +3.5 +2.3% 153.1 575.0 107.3 27.2%

Net income represents net income attributable to NTT, excluding noncontrolling interests.

LOGO

FY2012/1Q Contributing Factors by Segment

Regional communications business: Decrease in Operating Revenues and Operating Income due to, among other things, a decrease in voice revenues.

Long distance and international communications business: Decrease in Operating Revenues due to, among other things, a decrease in voice revenues. Operating Income remained roughly unchanged from the same period of the previous fiscal year.

Mobile communications business: Increase in Operating Revenues and Operating income due to, among other things, an increase in packet service revenues.

Data communications business: Increase in Operating Revenues and Operating Income due to, among other things, an increase in the number of consolidated subsidiaries.

Operating Revenues

[year-on-year +38.6]

Long distance and international communications business

2,537.4

Data communications business

(Billions of yen)

(24.1)

(3.2)

+25.0

+25.4

+20.5

(5.0)

Regional communications business

Mobile communications business

Other business

Elimination of intersegment/Others

2,575.9

FY2011/1Q

Operating Expenses

[year-on-year +35.5]

Long distance and international communications business

Data communications business

+14.3

(3.8)

FY2012/1Q

2,188.1

(20.3)

(2.7)

+23.5

+24.5

Regional communications business

Mobile communications business

Other business

Elimination of intersegment/Others

2,223.6

FY2011/1Q

FY2012/1Q

Operating Income

[year-on-year +3.0]

FY2011/1Q

349.3

Regional communications business

Long distance and international communications business

Mobile communications business

Data communications business

Other business

Elimination of intersegment/ Others

FY2012/1Q

(3.8)

(0.5)

+1.5

+0.9

+6.2

(1.2)

352.3

Financial Results for the Three Months Ended June 30, 2012

LOGO

Progress of Broadband Services

LOGO

Number of Subscribers for Fixed Broadband Services

NTT Group will work to achieve its target annual increase by, among other things, making efforts to retain customers for the long-term through long-term user discounts and providing various promotional campaigns and rate plans.

Number of subscribers

(Thousands)

FLET’S ADSL

FLET’S Hikari

19,078 Hikari Denwa

20,000 18,542 18,761 18,886 19,886

18,310

2,322 2,206 1,872

2,579 2,451

2,715

18,014

15,000 16,310 16,564 16,872

15,595 15,963 15,550

13,900 14,252

13,023 13,470

12,565

10,000

5,000

2011.6 2011.9 2011.12 2012.3 2012.6 FY2012E

(1)

Changes from the preceding quarter

(Thousands)

FY2011 FY2012 FY2011 FY2012E

4-6 7-9 10-12 1-3 4-6

FLET’S Hikari (1) 536 368 347 254 307 1,506 1,450

Number of (2)

opened 1,019 874 848 903 982 3,644 3,700

connections

FLET’S ADSL (142) (136) (128) (129) (115) (536) (450)

Hikari Denwa (3) 453 457 447 431 351 1,788 1,650

(1) Number of FLET’S Hikari subscriptions includes B FLET’S, FLET’S Hikari Next and FLET’S Hikari Light provided by NTT East and B FLET’S, FLET’S Hikari Premium, FLET’S Hikari Mytown, FLET’S Hikari Next, and FLET’S Hikari Light provided by NTT West.

(2) Number of opened connections excludes openings due to relocations.

(3) Number of Hikari Denwa subscriptions is calculated by number of thousand channels.

Financial Results for the Three Months Ended June 30, 2012

LOGO

Progress of Broadband Services

Number of Subscribers for Mobile Broadband Services

NTT Group will work to achieve its target annual increase by focusing on implementing measures to strengthen competitiveness.

Number of subscribers 1

(Thousands)

70,000 FOMA 2

1,139 2,225 3,317

60,000 121 389 10,290

50,000

40,000

30,000 58,293 58,605 58,485 57,905

57,079 52,640

20,000

10,000

0 2011.6 2011.9 2011.12 2012.3 2012.6 FY2012E

Change from the preceding quarter

FY2011 FY2012 FY2011 FY2012E

4-6 7-9 10-12 1-3 4-6

FOMA+Xi 405 578 631 505 266 2,120 2,800

(Thousands)

Note: 1 The number of communication module service subscribers is included in FOMA subscribers.

?2 The numbers of FOMA subscribers up to “2012.3” include mova subscribers.

Financial Results for the Three Months Ended June 30, 2012

LOGO

Progress of Broadband Services

ARPU of Fixed Broadband Services (FLET’S Hikari)

Optional service increased year-on-year due to, among other things, an increase in Remote Support service subscriptions.

Basic Monthly Charges decreased year-on-year due to the expansion of discount services.

NTT East

(Yen) 5,900 5,800

5,850 5,890 5,930 5,940 5,880

6,000

1,600 1,620 1,630 1,640 1,660 1,620 1,690

4,000

2,000 4,250 4,270 4,300 4,300 4,220 4,280 4,110

FY2011 FY2012

FY2011 FY2012E

4-6 7-9 10-12 1-3 4-6

Optional Service Basic Monthly Charge

NTT West

(Yen) 5,930 5,870

5,920 5,940 5,940 5,940 5,900

6,000

1,650 1,670

1,620 1,650 1,650 1,670 1,690

4,000

2,000 4,300 4,290 4,290 4,270 4,210 4,280 4,200

0 FY2011 FY2012

FY2011 FY2012E

4-6 7-9 10-12 1-3 4-6

Note: FLET’S Hikari includes B FLET’S, FLET’S Hikari Next and FLET’S Hikari Light provided by NTT East and B FLET’S, FLET’S Hikari Premium, FLET’S Hikari Mytown, FLET’S Hikari Next and FLET’S Hikari Light provided by NTT West. Please see page 22 regarding the calculation of ARPU.

Financial Results for the Three Months Ended June 30, 2012

—7—

LOGO

NTT

Progress of Broadband Services

ARPU of Mobile Broadband Services (FOMA, Xi)

Voice ARPU decreased year-on-year due to the expansion of discount services.

Packet ARPU increased year-on-year due to increases in smartphone and data plan subscriptions.

Voice ARPU Packet ARPU

(Yen)

6,000 5,000 4,000 3,000 2,000 1,000 0

4,960 4,970 4,880 4,870

4,680 4,650 4,570

2,340 2,280 2,190 1,980 1,900 2,200 1,690

2,690 2,690 2,700 2,750 2,670 2,880 2,620

FY2011 FY2012

FY2011 FY2012E

4-6 7-9 10-12 1-3 4-6

Note: Communication module service subscribers and the revenues thereof are not included in the calculation of mobile broadband services ARPU.

Revenues and subscriptions from mova services, which were phased out as of the end of March 2012, are included in the calculation of ARPU for all periods above except for FY 2012 (4-6) and FY2012E.

Please see page 22 regarding the calculation of ARPU.

Financial Results for the Three Months Ended June 30, 2012

–8–

LOGO

Progress of Broadband Services

Number of Subscribers for Video Services

Number of Hikari TV and FLET’S TV subscriptions exceeded 3 million.

Going forward, NTT will work to expand its customer base by continuing to implement measures for enhancing its contents and services.

(1,000 subscribers)

4,000 FLET’S ? TV

Hikari TV

3,585

3,500

3,020

3,000 2,866 1,035

2,640

2,429 898

2,500 861

2,194

821

2,000 778

683

1,500

2,550

1,000 2,004 2,122

1,651 1,818

1,512

500

2011.6 2011.9 2011.12 2012.3 2012.6 FY2012E

“FLET’S TV” requires a subscription to “FLET’S TV Transmission Service,” provided by NTT East and NTT West, and a subscription to Opticast Inc.’s broadcast service, “Opticast Facility Use Services.”

Financial Results for the Three Months Ended June 30, 2012

LOGO

Financial Information

LOGO

Subsidiaries’ Results (JPN GAAP Non-Consolidated)

NTT East Financial Results

Operating Revenues and Operating Income decreased due to a decrease in legacy revenues, such as voice revenues, despite an increase in IP Services revenues.

FY2012/1Q

FY2012E

+16.4 (Billions of yen)

(4.6) +0.9

Progress

(1.0) 24.1%

Voice Transmission Services (19.4) 1,851.5 Voice Transmission Services (71.8) 1,868.0

454.1 449.5 IP Services +82.4

IP Services +14.7

Others +5.8

Others +0.0

FY2011/1Q FY2012/1Q FY2011 FY2012E

+1.7

(1.2) +0.1

(0.3) Progress

24.1%

Personnel expenses +1.1

1,801.2 Expenses for purchase of goods and 1803.0

434.9 Personnel expenses (0.2) 433.7 services and other expenses +2.4

Expenses for purchase of goods Depreciation expenses and loss

and services and other expenses (0.0)

on disposal of assets 1.7

Depreciation expenses and loss

on disposal of assets (0.8)

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Revenues

Operating Expenses

Operating Income

Progress

(3.4) 24.3% +14.6

19.2 (17.8) 15.8 50.3 +29.2 65.0

Financial Results for the Three Months Ended June 30, 2012

LOGO

Subsidiaries’ Results (JPN GAAP Non-Consolidated)

NTT West Financial Results

Operating Revenues and Operating Income decreased due to a decrease in legacy revenues, such as voice revenues, despite an increase in IP Services revenues.

FY2012/1Q

FY2012E

(Billions of yen)

(31.3)

(10.9) (1.9)

(2.6) Progress

24.5%

1,676.3 Voice Transmission Services (65.8) 1,645.0

IP Services +40.5

413.9 Voice Transmission Services (17.3)

402.9 Others (6.1)

IP Services +9.6

Others (3.1)

FY2011/1Q FY2012/1Q FY2011 FY2012E

(34.3)

(2.8) (2.1)

(0.7) Progress

24.8%

Personnel expenses +3.6

1639.3 Expenses for purchase of goods and 1,605.0

400.8 Personnel expenses (0.1) 398.0 services and other expenses (22.6)

Expenses for purchase of goods Depreciation expenses and loss

and services and other expenses (0.9) on disposal of assets(15.2)

Depreciation expenses and loss

on disposal of assets(1.7)

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Revenues

Operating Expenses

Operating Income

Progress

(8.1) 12.4% +2.9

13.0 (62.0) 4.9 37.0 +8.0% 40.0

Financial Results for the Three Months Ended June 30, 2012

LOGO

NTT

subsidiaries’ Results (JPN GAAP Non-Consolidated)

NTT Communications Financial Results

While the trend of decreasing Operating Revenues continued, Operating Income increased due to, among other things, cost reductions.

FY2012/1Q FY2012E

Operating Revenues

Operating Expenses

Operating Income

(Billions of yen)

241.5

FY2011/1Q

(11.0) (4.6)

Voice Transmission Service IP Services Others

(7.0) (0.2) (3.7)

Progress 24.1%

230.5

FY2012/1Q

981.0

FY2011

(26.0)

(2.7)

Voice Transmission Services IP Services Others

(29.2) +0.5 +2.6

955.0

FY2012E

214.5

FY2011/1Q

(13.6)

(6.4)

Personnel expenses

Expenses for purchase of goods and services and other expenses Depreciation expenses and loss on disposal of assets

(0.3)

(13.2)

(0.0)

Progress 23.5%

200.8

FY2011/1Q FY2012/1Q

(20.2)

(2.3)

875.2

FY2011

Personnel expenses

Expenses for purchase of goods services and other expenses Depreciation expenses and loss on disposal of assets

(1.6) and (26.0)

+7.4

855.0

FY2012E

27.0

+2.6

+9.9%

Progress 29.7%

29.7

105.7

(5.7)

(5.4%) 100.0

Financial Results for the Three Months Ended June 30, 2012

–12–

LOGO

Subsidiaries’ Results (JPN GAAP Consolidated)

NTT DATA Financial Results

Operating Revenues and Operating Income increased due to an increase in the number of consolidated subsidiaries.

FY2012/1Q FY2012E

Operating Revenues

+23.7

+8.8

Progress 23.0%

+28.8

+2.3

(Billions of yen)

270.2

294.0

1,251.1

1,280.0

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Expenses

+21.9

+8.5

Progress 23.5%

+24.2

+2.1

258.7 280.6

1,170.7 1,195.0

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Income

11.5

+1.7

+15.5

Progress 15.7%

+4.5

+5.7

13.3

80.4

85.0

Financial Results for the Three Months Ended June 30, 2012

LOGO

Subsidiaries’ Results (U.S. GAAP Consolidated)

NTT DOCOMO Financial Results

??Operating Revenues increased due to, among other things, an increase in packet service revenues and handset sales revenues, and Operating Income decreased due to, among other things, an increase in revenue-linked expenses.

FY2012/1Q

FY2012E

+25.0 Progress +2.4 24.1%

+210.0 (Billions of yen) +5.0

Operating Revenues

1,047.3 1072.3

4,240.0 4,450.0

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Expenses

+30.1

+3.9

Progress 22.8%

+184.5

+5.5

779.6 809.7

3,365.5 3,550.0

FY2011/1Q FY2012/1Q FY2011 FY2012E

Operating Income

(5.1)

(1.9)

Progress 29.2%

+25.5

+2.9

267.7

262.6

874.5

900.0

Financial Results for the Three Months Ended June 30, 2012

LOGO

Subsidiaries’ Results (JPN GAAP/U.S. GAAP)

Details of Difference Between Consolidated Operating Income and Total Operating Income of 5 Major Subsidiaries

FY2011/1Q

(Billions of yen)

338.6

+17.1

(6.4)

NTT (Holding Company): 2.8

NTT URBAN DEVELOPMENT (Consolidated): 6.1 NTT COMWARE: (0.5) NTT FINANCE (Consolidated): 3.7 Outsourcing companies (East): 1.0 Outsourcing companies (West): (2.7) Other companies: 6.6

Pension (actuarial difference, etc.): (1.3) Depreciation of engineering facilities: (8.1) Adjustments between operating and non-operating items, including eliminations, etc.

349.3

Total operating income of 5 major subsidiaries (JPN GAAP)

Total operating income of subsidiaries other than the 5 major ones (excluding the effect of dividends received by NTT (Holding Company))

Elimination and U.S. GAAP adjustments

Consolidated operating income (U.S. GAAP)

FY2012/1Q

+24.1

+1.6

352.3

326.5

NTT (Holding Company): 3.0

NTT URBAN DEVELOPMENT (Consolidated): 10.3 NTT COMWARE: 2.3 NTT FINANCE (Consolidated): 2.1 Outsourcing companies (East): 1.0 Outsourcing companies (West): 0.3 Other companies: 4.9

Pension (actuarial difference, etc): (1.4) Depreciation of engineering facilities: (7.0)

Adjustments between operating and non-operating items, including eliminations, etc.

Total of operating income of 5 major subsidiaries (JPN GAAP)

Total operating income of subsidiaries other than the 5 major ones (excluding the effect of dividends received by NTT (Holding Company))

Elimination and U.S. GAAP adjustments

Consolidated operating income (U.S. GAAP)

Financial Results for the Three Months Ended June 30, 2012

LOGO

Details of Consolidated Cash Flows

FCF increased 95.3 billion yen from the same period of the previous fiscal year due to, among other things, a decrease in cash management activities exceeding three months in duration.

Cash flows from operating activities (A)

Cash flows from investing activities (B)

FCF (A) + (B)

Cash flows from financing activities

Billions of yen

1,000

500

(500)

(1,000)

499.9

407.1

+188.1

+95.3

FY2011/1Q FY2012/1Q

+40.3

(92.8)

(683.6)

(495.5)

(183.7)

(88.4)

(60.3)

(20.1)

Increase/Decrease from same period of the previous fiscal year

Financial Results for the Three Months Ended June 30, 2012

LOGO

Appendices

LOGO

Appendices

Transformation of Business Structure

Consolidated Revenue Composition Image

Solution & New Business, etc. IP business Legacy business

100%

80%

60%

40%

20%

NewSolution Business, & etc.

29% 29% 30%

33% 33% 36%

58% 61% 65%

70% 72% 75%

IP business

29% 32% 35%

37% 39% 39%

Legacy business

42% 39% 35%

30% 28% 25%

FY2008 FY2009 FY2010 FY2011 FY2012/1Q FY2012E

IP, solution & new business account for three-quarters

Financial Results for the Three Months Ended June 30, 2012

–17–

LOGO

Appendices

Capital Investment

(Billions of yen)

1,870.1

1,946.6

1,920.0

391.6

35.8 36.8 15.3 81.0 81.8

140.9

367.0

28.5 29.7 28.0

72.2

71.9

136.7

405.7

38.5 21.8 14.2 77.0

76.8

177.4

Other

NTT DATA (Consolidated) NTT Communications NTT West NTT East NTT DOCOMO (Consolidated)

FY2010/1Q FY2011/1Q FY2012/1Q

FY2010 FY2011 FY2012E

Financial Results for the Three Months Ended June 30, 2012

—18—

LOGO

Appendices

FY2012/1Q Details of Financial Results (Per Item)

(Billions of yen)

Operating

Revenues [year-on-year:+38.6]

Voice related services revenues

SI revenues and sales of telecommunications equipment

IP/packet communications services revenues

Other revenues

(100.0)

+61.2

+62.6

+14.8

2,537.4

Fixed voice

Mobile voice

Systems Integration Telecommunications equipment

Fixed IP/packet Mobile IP/packet

Fixed IP/packet : +22.7 Mobile IP/packet: +39.9

2,575.9

FY2011/1Q

Fixed voice : (50.2) Mobile voice : (49.9)

Systems Integration : +21.8 Telecommunications equipment (Fixed-line) : +3.7 Telecommunications equipment (Mobile) : +35.7

FY2012/1Q

Operating Expenses

[year-on-year:+35.5]

2,188.1

+4.0

+32.8

(0.8)

(0.4)

Depreciation expenses and loss on disposal of assets

Expenses for purchase of goods and services and other expenses

Personnel expenses

Other expenses

2,223.6

FY2011/1Q

FY2012/1Q

Financial Results for the Three Months Ended June 30, 2012

—19—

LOGO

Appendices

Details of Consolidated Balance Sheet

March 31, 2012

(Billions of yen)

June 30, 2012

19,389.7

19,087.6

Assets

19,389.7

Liabilities

9,342.0

Depreciable Assets (property, plant and equipment)

8,310.1

Deferred Tax Assets (non-current) 789.3

Interest-Bearing Debt 4,274.0

Liability for Employees’ Retirement Benefits 1,534.9

Equity

10,047.7

Treasury Stock (418.4)

Assets

19,087.6(302.1)

Depreciable Assets (property, plant and equipment)

8,245.0(65.1)

Deferred Tax Assets (non-current) 772.0(17.3)

Liabilities

8,898.3(443.7)

Interest-Bearing Debt 4,379.5+105.5

Liability for Employees’ Retirement Benefits 1,541.1+6.2

Equity

10,189.3141.6

Treasury Stock (418.4) [+0]

Financial Results for the Three Months Ended June 30, 2012

LOGO

Appendices

Consolidated and Main Subsidiaries’ Financial Results for FY2012/1Q

(Billions of yen)

(1)

NTT-NTT-NTT East-NTT West-NTT Com-NTT DATA-NTT DOCOMO

Consolidated-(Holding Company)

Non-Consolidated-Non-Consolidated-Non-Consolidated-Non-Consolidated-Consolidated-Consolidated

(U.S. GAAP)-(JPN GAAP)-(JPN GAAP)-(JPN GAAP)-(JPN GAAP)-(JPN GAAP)-(U.S. GAAP)

Operating Revenues-2,575.9-227.3-449.5-402.9-230.5-294.0-1,072.3

Change year-on-year-38.6-15.3-(4.6)-(10.9)-(11.0)-23.7-25.0

(% change)-1.5%-7.2%-(1.0)%-(2.6)%-(4.6)%-8.8%-2.4%

Forecasts for FY2012-10,750.0-433.0-1,868.0-1,645.0-955.0-1,280.0-4,450.0

(% progress)-24.0%-52.5%-24.1%-24.5%-24.1%-23.0%-24.1%

Opetating Expenses-2,223.6-34.1-433.7-398.0-200.8-280.6-809.7

Change year-on-year-35.5-(0.1)-(1.2)-(2.8)-(13.6)-21.9-30.1

(% change)-1.6%-(0.4)%-(0.3)%-(0.7)%-(6.4)%-8.5%-3.9%

Forecasts for FY2012-9,470.0-155.0-1,803.0-1,605.0-855.0-1,195.0-3,550.0

(% progress)-23.5%-22.0%-24.1%-24.8%-23.5%-23.5%-22.8%

Operating Income-352.3-193.1-15.8-4.9-29.7-13.3-262.6

Change year-on-year-3.0-15.5-(3.4)-(8.1)-2.6-1.7-(5.1)

(% change)-0.9%-8.7%-(17.8)%-(62.0)%-9.9%-15.5%-(1.9)%

Forecasts for FY2012-1,280.0-278.0-65.0-40.0-100.0-85.0-900.0

(% progress)-27.5%-69.5%-24.3%-12.4%-29.7%-15.7%-29.2%

Income Before (2)-346.6-192.3-22.3-7.8-34.9-12.0-264.8

Income Taxes

Change year-on-year-(5.3)-14.6-(2.8)-(9.3)-1.0-0.8-(5.4)

(% change)-(1.5)%-8.2%-(11.3)%-(54.3)%-3.2%-8.0%-(2.0)%

Forecasts for FY2012-1,265.0-275.0-85.0-50.0-110.0-78.0-903.0

(% progress)-27.4%-70.0%-26.3%-15.7%-31.8%-15.4%-29.3%

Net Income-156.6(3)-191.7-14.1-6.8-22.1-7.0-164.3(4)

Change year-on-year-3.5-14.9-1.3-(6.4)-1.9-3.4-5.6

(% change)-2.3%-8.5%-10.8%-(48.5)%-9.9%-98.1%-3.5%

Forecasts for FY2012-575.0-277.0-53.0-40.0-67.0-38.0-557.0

(% progress)-27.2%-69.2%-26.6%-17.1%-33.0%-18.5%-29.5%

(1) The number of consolidated subsidiaries is 773 and the number of companies accounted for under the equity method is 102.

(2) “Income Before Income Taxes” for NTT (Holding Company), NTT East, NTT West, NTT Communications and NTT DATA represent their recurring profits. (3) “Net Income” for NTT Consolidated represents “Net income attributable to NTT, excluding noncontrolling interests.” (4) “Net Income” for NTT DOCOMO represents “Net income attributable to NTT DOCOMO, excluding noncontrolling interests.”

Financial Results for the Three Months Ended June 30, 2012

LOGO

Appendices

Calculation of ARPU

Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per user basis. In the case of our fixed line business, ARPU is calculated by dividing revenue items included in the operating revenues of our Regional Communications Business, that is, telephone subscriber lines, “INS-NET” and “FLET’S Hikari,” by the number of active subscribers to the relevant services.

In the case of our mobile business, ARPU is calculated by dividing revenue items included in the operating revenues from our Mobile Communications Business, such as revenues from Mobile (“FOMA”) services and revenues from Mobile (“Xi”) services which are incurred consistently each month (i.e., basic monthly charges and voice/packet communication charges), by the number of active subscribers to the relevant services. The calculation of these figures excludes revenues that are not representative of monthly average usage such as equipment sales, activation fees and universal service charges. We believe that our ARPU figures calculated in this way provide useful information regarding the monthly average usage of our subscribers. The revenue items included in the numerators of our ARPU figures are based on our financial results comprising our U.S. GAAP results of operations.

Notes

1 We compute the following four categories of ARPU for business conducted by each of NTT East and NTT West.

Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines): Calculated based on revenues from monthly charges and call charges for Telephone Subscriber Lines and INS-NET Subscriber Lines, which are Included in operating revenues from Voice Transmission Services (excluding IP Services), and revenues from “FLET’S ADSL” and “FLET’S ISDN,” which are included in operating revenues from IP Services.

Telephone Subscriber Lines ARPU: Calculated based on revenues from monthly charges and call charges for Telephone Subscriber Lines and revenues from “FLET’S ADSL.”? INS-NET Subscriber Lines ARPU: Calculated based on revenues from monthly charges and call charges for “INS-NET” Subscriber Lines and revenues from “FLET’S ISDN.”

FLET’S Hikari ARPU: Calculated based on revenues from “FLET’S Hikari” (including “FLET’S Hikari” optional services), which are included in operating revenues from IP Services, revenues from monthly charges, call charges and connection device charges for “Hikari Denwa,” and revenues from “FLET’S Hikari” optional services, which are included in Supplementary Business revenues.

“FLET’S Hikari” includes “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East, and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

2 Revenues from interconnection charges are excluded from the calculation of Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines), Telephone Subscriber Lines ARPU, INS-NET Subscriber Lines ARPU, and FLET’S Hikari ARPU.

3 For purposes of calculating Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines), Telephone Subscr iber Lines ARPU and INS-NET Subscriber Lines ARPU, the number of subscribers is determined based on the number of subscriptions for each service.

4 In terms of number of channels, transmission rate, and line use rate (base rate), INS-Net 1500 is in all cases roughly ten times greater than INS-Net 64. For this reason, for the purpose of calculating Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines) and INS-NET Subscriber Lines ARPU, one INS-Net 1500 subscription is calculated as ten INS-Net 64 subscriptions.

5 For purposes of calculating FLET’S Hikari ARPU, number of subscribers is determined based on the number of “FLET’S Hikari” subscribers, including “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

6 The following is the formula we use to compute ARPU for mobile business conducted by NTT DOCOMO. Mobile Aggregate ARPU (“FOMA”+”Xi”) = Voice ARPU (“FOMA”+”Xi”) + Packet ARPU (“FOMA”+”Xi”).

Our Voice ARPU (“FOMA”+”Xi”) is based on operating revenues related to voice services, such as basic monthly charges and voice communication charges attributable to our “FOMA” and “Xi” services, and our Packet ARPU (“FOMA”+”Xi”) is based on operating revenues related to packet services, such as basic monthly charges and packet communication charges attributable to our “FOMA” and “Xi” services.

7)” mova” services were terminated as of March 31, 2012. “mova” service subscriptions are included in the calculations of Mobile Aggregate ARPU, Voice ARPU and Packet ARPU for the three months ended Jun. 30, 2011 and the year ended Mar. 31, 2012, but are not included in the calculations of Mobile Aggregate ARPU, Voice ARPU and Packet ARPU for the three months ended Jun. 30, 2012 and the year ending Mar. 31, 2013 (Forecast).

8 Communications module service, phone number storage service and mail address storage service subscribers and the revenues therefrom are not included in the calculations of Mobile Aggregate ARPU.

9 Numbers of active subscribers used in the ARPU calculation of NTT East and NTT West are as below.

1Q Results: Sum of number of active subscribers** for each month from Apr. to Jun.

2Q Results: Sum of number of active subscribers** for each month from Jul. to Sept.

3Q Results: Sum of number of active subscribers** for each month from Oct. to Dec.

4Q Results: Sum of number of active subscribers** for each month from Jan. to Mar.

FY Results : Sum of number of active subscribers** for each month from Apr. to Mar.

FY Forecast: Sum of the average expected active number of subscribers during the fiscal year ((Number of subscribers at Mar. 31, 2012 + Number of expected subscribers at Mar. 31, 2013)/2)x12

10Numbers of active subscribers used in the ARPU calculation of NTT DOCOMO are as below.

1Q Results: Sum of number of active subscribers** for each month from Apr. to Jun.

2Q Results: Sum of number of active subscribers** for each month from Jul. to Sept.

3Q Results: Sum of number of active subscribers** for each month from Oct. to Dec.

4Q Results: Sum of number of active subscribers** for each month from Jan. to Mar.

FY Results/FY Forecast: Sum of number of active subscribers**/expected number of active subscribers for each month from Apr. to Mar.

active subscribers (number of subscribers at end of previous month + number of subscribers at end of current month)/2

Financial Results for the Three Months Ended June 30, 2012

August 6, 2012

FOR IMMEDIATE RELEASE

Financial Statements for the Three Months Ended June 30, 2012

The results of Nippon Telegraph and Telephone East Corporation (NTT East) for the three months ended June 30, 2012 are presented in the following attachments.

(Attachments)

Non-Consolidated Comparative Balance Sheets

Non-Consolidated Comparative Statements of Income

Business Results (Non-Consolidated Operating Revenues)

For inquiries, please contact:

Mr. Hiroshi Niitsu or Mr. Takayuki Arita

Accounting Section, Finance Division

Nippon Telegraph and Telephone East Corporation

Tel: +81-3-5359-3331

E-mail: kessan_info@sinoa.east.ntt.co.jp

1. Non-Consolidated Comparative Balance Sheets

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	March 31, 2012			June 30, 2012			Increase (Decrease)
ASSETS
Fixed assets:
Fixed assets - telecommunications businesses
Property, plant and equipment
Machinery and equipment		506,301			500,692			(5,609	)
Antenna facilities		5,068			4,978			(89	)
Terminal equipment		64,544			62,621			(1,922	)
Local line facilities		825,330			825,799			468
Long-distance line facilities		3,899			4,392			493
Engineering facilities		621,274			618,985			(2,288	)
Submarine line facilities		1,899			1,798			(100	)
Buildings		464,198			464,438			240
Construction in progress		57,651			39,301			(18,349	)
Other		259,132			258,066			(1,065	)
Total property, plant and equipment		2,809,299			2,781,075			(28,224	)
Intangible fixed assets		99,472			97,413			(2,058	)
Total fixed assets - telecommunications businesses		2,908,771			2,878,488			(30,283	)
Investments and other assets
Other investments and assets		216,942			216,943			0
Allowance for doubtful accounts		(994	)		(946	)		48
Total investments and other assets		215,947			215,997			49
Total fixed assets		3,124,719			3,094,485			(30,233	)

Current assets:
Cash and bank deposits		179,674			39,999			(139,674	)
Notes receivable		—			149			149
Accounts receivable, trade		314,174			293,752			(20,422	)
Supplies		43,596			43,301			(295	)
Other current assets		43,137			74,080			30,943
Allowance for doubtful accounts		(3,829	)		(3,651	)		178
Total current assets		576,753			447,632			(129,120	)

TOTAL ASSETS		3,701,473			3,542,118			(159,354	)

– 1 –


	(Millions of yen)
	March 31, 2012			June 30, 2012		Increase (Decrease)
LIABILITIES
Long-term liabilities:
Long-term borrowings from parent company		617,715			507,347		(110,367	)
Liability for employees’ retirement benefits		227,464			226,363		(1,101	)
Reserve for point services		5,074			5,459		384
Reserve for unused telephone cards		14,255			13,803		(451	)
Asset retirement obligations		643			646		3
Other long-term liabilities		12,483			12,501		17
Total long-term liabilities		877,636			766,121		(111,514	)
Current liabilities:
Current portion of long-term borrowings from parent company		148,339			258,339		110,000
Accounts payable, trade		104,056			53,463		(50,592	)
Short-term borrowings		30,000			20,000		(10,000	)
Accrued taxes on income		488			*2,693		2,204
Allowance for loss on disaster		1,535			1,527		(7	)
Other current liabilities		410,817			330,494		(80,322	)
Total current liabilities		695,237			666,519		(28,718	)

TOTAL LIABILITIES		1,572,873			1,432,641		(140,232	)


NET ASSETS
Shareholders’ equity:
Common stock		335,000			335,000		—
Capital surplus		1,499,726			1,499,726		—
Earned surplus		293,962			274,562		(19,399	)
Total shareholders’ equity		2,128,689			2,109,289		(19,399	)
Unrealized gains (losses), translation adjustments, and others:
Net unrealized gains (losses) on securities		(90	)		187		277
Total unrealized gains (losses), translation adjustments, and others		(90	)		187		277

TOTAL NET ASSETS		2,128,599			2,109,477		(19,121	)

TOTAL LIABILITIES AND NET ASSETS		3,701,473			3,542,118		(159,354	)

Note:

*NTT East participates in a consolidated tax return system, which has been adopted by NTT (Holding Company) and its wholly-owned subsidiaries in Japan. However, except for a portion of the calculation of taxes, income taxes have not been calculated on a consolidated basis in the quarterly financial statements.

– 2 –

2. Non-Consolidated Comparative Statements of Income

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Year ended March 31, 2012
Telecommunications businesses:
Operating revenues		426,461		420,110		(6,351	)		1,719,239
Operating expenses		408,594		407,220		(1,373	)		1,676,016
Operating income from telecommunications businesses		17,867		12,889		(4,977	)		43,223

Supplementary businesses:
Operating revenues		27,683		29,390		1,707			132,287
Operating expenses		26,339		26,480		140			125,186
Operating income from supplementary businesses		1,343		2,910		1,567			7,101
Operating income		19,211		15,800		(3,410	)		50,324

Non-operating revenues:
Interest income		31		14		(17	)		103
Dividends received		587		1,312		725			3,069
Lease and rental income		11,134		10,916		(217	)		43,582
Miscellaneous income		2,056		1,748		(307	)		11,693
Total non-operating revenues		13,809		13,991		182			58,448

Non-operating expenses:
Interest expenses		2,505		2,273		(231	)		9,814
Lease and rental expenses		4,674		4,568		(105	)		20,590
Miscellaneous expenses		597		567		(29	)		3,137
Total non-operating expenses		7,777		7,410		(366	)		33,542
Recurring profit		25,242		22,381		(2,861	)		75,230
Special profits		—		—		—			4,473
Special losses		5,801		2,177		(3,623	)		12,645
Income before income taxes		19,441		20,204		762			67,058
Income taxes		*6,711		*6,103		(607	)		34,904
Net income		12,730		14,100		1,370			32,153

Note:

– 3 –

3. Business Results (Non-Consolidated Operating Revenues)

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Percent Increase (Decrease)			Year ended March 31, 2012
Voice transmission services revenues (excluding IP services revenues)		170,268		150,805		(19,462	)		(11.4	)		653,844
Monthly charge revenues*		118,797		107,996		(10,800	)		(9.1	)		461,246
Call rates revenues*		15,893		12,632		(3,260	)		(20.5	)		57,777
Interconnection call revenues*		21,504		19,011		(2,492	)		(11.6	)		81,873
IP services revenues		187,715		202,485		14,770			7.9			777,556
Leased circuit services revenues (excluding IP services revenues)		34,304		31,938		(2,365	)		(6.9	)		136,160
Telegram services revenues		4,679		4,381		(298	)		(6.4	)		17,098
Other telecommunications services revenues		29,494		30,500		1,006			3.4			134,579

Telecommunications total revenues		426,461		420,110		(6,351	)		(1.5	)		1,719,239

Supplementary business total revenues		27,683		29,390		1,707			6.2			132,287

Total operating revenues		454,145		449,501		(4,643	)		(1.0	)		1,851,527

*	Partial listing only.

– 4 –

August 6, 2012

FOR IMMEDIATE RELEASE

Financial Statements for the Three Months Ended June 30, 2012

The results of Nippon Telegraph and Telephone West Corporation (NTT West) for the three months ended June 30, 2012 are presented in the following attachments.

(Attachments)

1.	Non-Consolidated Comparative Balance Sheets

2.	Non-Consolidated Comparative Statements of Income

3.	Business Results (Non-Consolidated Operating Revenues)

For inquiries, please contact:

Takashi Sasaki or Yusuke Umeda

Accounting Section, Finance Division

Nippon Telegraph and Telephone West Corporation

Tel: +81-6-4793-3141

E-mail: kessan-info@west.ntt.co.jp

1. Non-Consolidated Comparative Balance Sheets

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	March 31, 2012			June 30, 2012			Increase (Decrease)
ASSETS
Fixed assets:
Fixed assets - telecommunications businesses
Property, plant and equipment
Machinery and equipment		485,967			477,930			(8,036	)
Antenna facilities		7,158			7,055			(102	)
Terminal equipment		21,188			21,139			(48	)
Local line facilities		892,312			892,908			595
Long-distance line facilities		2,858			2,798			(60	)
Engineering facilities		571,763			567,928			(3,835	)
Submarine line facilities		2,427			2,303			(124	)
Buildings		397,185			391,131			(6,053	)
Construction in progress		31,147			31,999			851
Other		229,033			227,942			(1,090	)
Total property, plant and equipment		2,641,042			2,623,137			(17,904	)
Intangible fixed assets		77,024			74,061			(2,963	)
Total fixed assets - telecommunications businesses		2,718,066			2,697,199			(20,867	)
Investments and other assets
Other investments and assets		154,493			153,591			(901	)
Allowance for doubtful accounts		(352	)		(322	)		30
Total investments and other assets		154,140			153,269			(870	)
Total fixed assets		2,872,207			2,850,469			(21,738	)

Current assets:
Cash and bank deposits		103,362			50,452			(52,910	)
Notes receivable		19			25			5
Accounts receivable, trade		291,480			263,342			(28,137	)
Supplies		35,212			35,600			387
Other current assets		44,965			68,404			23,439
Allowance for doubtful accounts		(2,840	)		(2,622	)		217
Total current assets		472,199			415,202			(56,997	)

TOTAL ASSETS		3,344,407			3,265,671			(78,736	)

– 1 –


	(Millions of yen)
	March 31, 2012		June 30, 2012		Increase (Decrease)
LIABILITIES
Long-term liabilities:
Long-term borrowings from parent company		960,947		930,628		(30,318	)
Liability for employees’ retirement benefits		224,695		223,805		(889	)
Reserve for point services		5,093		5,130		37
Reserve for unused telephone cards		13,480		13,053		(426	)
Asset retirement obligations		305		306		1
Other long-term liabilities		13,636		12,108		(1,528	)
Total long-term liabilities		1,218,158		1,185,033		(33,125	)

Current liabilities:
Current portion of long-term borrowings from parent company		133,151		141,444		8,292
Accounts payable, trade		74,124		47,145		(26,978	)
Short-term borrowings		30,000		—		(30,000	)
Accrued taxes on income		838		*460		(377	)
Asset retirement obligations		39		—		(39	)
Other current liabilities		367,111		394,959		27,847
Total current liabilities		605,265		584,010		(21,254	)

TOTAL LIABILITIES		1,823,423		1,769,044		(54,379	)


NET ASSETS
Shareholders’ equity:
Common stock		312,000		312,000		—
Capital surplus		1,170,054		1,170,054		—
Earned surplus		38,905		14,563		(24,342	)
Total shareholders’ equity		1,520,959		1,496,617		(24,342	)
Unrealized gains (losses), translation adjustments, and others:
Net unrealized gains (losses) on securities		24		10		(13	)
Total unrealized gains (losses), translation adjustments, and others		24		10		(13	)

TOTAL NET ASSETS		1,520,983		1,496,627		(24,356	)

TOTAL LIABILITIES AND NET ASSETS		3,344,407		3,265,671		(78,736	)

Note:

*NTT West participates in a consolidated tax return system, which has been adopted by NTT (Holding Company) and its wholly-owned subsidiaries in Japan. However, except for a portion of the calculation of taxes, income taxes have not been calculated on a consolidated basis in the quarterly financial statements.

– 2 –

2. Non-Consolidated Comparative Statements of Income

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Year ended March 31, 2012
Telecommunications businesses:
Operating revenues		386,850		374,609		(12,240	)		1,537,887
Operating expenses		374,836		372,416		(2,420	)		1,508,068
Operating income from telecommunications businesses		12,013		2,193		(9,820	)		29,819

Supplementary businesses:
Operating revenues		27,077		28,385		1,308			138,460
Operating expenses		25,999		25,599		(399	)		131,236
Operating income from supplementary businesses		1,078		2,786		1,708			7,223
Operating income		13,091		4,979		(8,112	)		37,043

Non-operating revenues:
Interest income		1		4		2			8
Dividends received		1,144		836		(307	)		1,160
Lease and rental income		9,840		9,378		(462	)		38,660
Miscellaneous income		965		774		(191	)		4,826
Total non-operating revenues		11,951		10,994		(957	)		44,656

Non-operating expenses:
Interest expenses		3,952		3,787		(165	)		15,732
Lease and rental expenses		3,233		4,174		941			17,032
Miscellaneous expenses		669		155		(513	)		6,572
Total non-operating expenses		7,855		8,117		262			39,337
Recurring profit		17,188		7,856		(9,332	)		42,361
Income before income taxes		17,188		7,856		(9,332	)		42,361
Income taxes		*3,861		*998		(2,862	)		21,867
Net income		13,327		6,857		(6,469	)		20,493

Note:

– 3 –

3. Business Results (Non-Consolidated Operating Revenues)

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Percent Increase (Decrease)			Year ended March 31, 2012
Voice transmission services revenues (excluding IP services revenues)		167,833		150,451		(17,382	)		(10.4	)		646,816
Monthly charge revenues*		117,976		107,302		(10,674	)		(9.0	)		457,610
Call rates revenues*		13,729		11,470		(2,259	)		(16.5	)		51,162
Interconnection call revenues*		23,578		21,049		(2,529	)		(10.7	)		90,242
IP services revenues		153,456		163,077		9,621			6.3			629,402
Leased circuit services revenues (excluding IP services revenues)		31,414		29,126		(2,288	)		(7.3	)		125,491
Telegram services revenues		5,552		4,931		(621	)		(11.2	)		20,282
Other telecommunications services revenues		28,592		27,022		(1,569	)		(5.5	)		115,894

Telecommunications total revenues		386,850		374,609		(12,240	)		(3.2	)		1,537,887

Supplementary business total revenues		27,077		28,385		1,308			4.8			138,460

Total operating revenues		413,927		402,995		(10,931	)		(2.6	)		1,676,348

*	Partial listing only.

– 4 –

August 6, 2012

FOR IMMEDIATE RELEASE

NTT Com Announces Financial Results for the Three Months Ended June 30, 2012

TOKYO, JAPAN – NTT Communications Corporation (NTT Com) announced today its financial results for the three months ended June 30, 2012. Please see the following attachments for further details:

I.	Non-Consolidated Comparative Balance Sheets

II.	Non-Consolidated Comparative Statements of Income

III.	Business Results (Non-Consolidated Operating Revenues)

IV.	Financial Results of NTT Communications Group

# # #

About NTT Communications Corporation

NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including leading Global Tier-1 IP Network, Arcstar Universal One™ VPN network reaching over 150 countries, and over 120 secure data centers. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA.

Further information: www.ntt.com | www.twitter.com/nttcom | www.facebook.com/nttcomtv

For more information

(Mr.) Masaya Okazaki or (Mr.) Masato Uchiyama

Accounting and Taxation, Finance, NTT Communications

Tel: +81 3 6700 4311

Email: info-af@ntt.com

I. Non-Consolidated Comparative Balance Sheets

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	March 31, 2012			June 30, 2012			Increase (Decrease)
ASSETS
Fixed assets:
Fixed assets - telecommunications businesses
Property, plant and equipment
Machinery and equipment		146,728			145,386			(1,341	)
Antenna facilities		1,569			1,546			(22	)
Terminal equipment		929			901			(28	)
Local line facilities		836			814			(21	)
Long-distance line facilities		7,497			7,208			(289	)
Engineering facilities		54,861			54,387			(474	)
Submarine line facilities		8,974			8,470			(504	)
Buildings		127,910			126,262			(1,647	)
Construction in progress		30,479			27,419			(3,060	)
Other		89,883			88,445			(1,437	)
Total property, plant and equipment		469,671			460,842			(8,828	)
Intangible fixed assets		84,055			81,572			(2,483	)
Total fixed assets - telecommunications businesses		553,727			542,415			(11,311	)
Investments and other assets
Investment securities		118,969			117,896			(1,073	)
Investments in subsidiaries and affiliated companies		178,550			182,902			4,351
Other investments and assets		55,751			57,239			1,487
Allowance for doubtful accounts		(219	)		(212	)		6
Total investments and other assets		353,053			357,825			4,772
Total fixed assets		906,780			900,240			(6,539	)

Current assets:
Cash and bank deposits		23,863			20,718			(3,145	)
Notes receivable		446			100			(346	)
Accounts receivable, trade		192,630			171,901			(20,728	)
Supplies		9,424			9,903			478
Other current assets		71,439			64,111			(7,328	)
Allowance for doubtful accounts		(2,294	)		(2,080	)		214
Total current assets		295,509			264,655			(30,854	)

TOTAL ASSETS		1,202,290			1,164,896			(37,394	)

– 1 –


	(Millions of yen)
	March 31, 2012		June 30, 2012		Increase (Decrease)
LIABILITIES
Long-term liabilities:
Long-term borrowings from parent company		63,666		63,553		(113	)
Liability for employees’ retirement benefits		82,533		83,396		863
Reserve for point services		3,957		4,100		142
Reserve for unused telephone cards		5,964		5,776		(188	)
Asset retirement obligations		669		672		3
Other long-term liabilities		15,638		14,684		(953	)
Total long-term liabilities		172,430		172,183		(246	)

Current liabilities:
Current portion of long-term borrowings from parent company		43,643		43,643		—
Accounts payable, trade		26,063		17,733		(8,330	)
Accounts payable, other		173,342		150,443		(22,898	)
Accrued taxes on income		9,533		*5,364		(4,169	)
Allowance for losses on construction		105		108		2
Allowance for loss on disaster		506		459		(47	)
Other current liabilities		31,951		39,347		7,396
Total current liabilities		285,145		257,099		(28,045	)

TOTAL LIABILITIES		457,575		429,282		(28,292	)


NET ASSETS
Shareholders’ equity:
Common stock		211,763		211,763		—
Capital surplus		131,615		131,615		—
Earned surplus		356,324		347,937		(8,387	)
Total shareholders’ equity		699,703		691,316		(8,387	)
Unrealized gains (losses), translation adjustments, and others:
Net unrealized gains (losses) on securities		45,010		44,297		(713	)
Total unrealized gains (losses), translation adjustments, and others		45,010		44,297		(713	)

TOTAL NET ASSETS		744,714		735,613		(9,101	)

TOTAL LIABILITIES AND NET ASSETS		1,202,290		1,164,896		(37,394	)

Note:

*NTT Com participates in a consolidated tax return system, which has been adopted by NTT (Holding Company) and its wholly-owned subsidiaries in Japan. However, except for a portion of the calculation of taxes, income taxes have not been calculated on a consolidated basis in the quarterly financial statements.

– 2 –

II. Non-Consolidated Comparative Statements of Income

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011			Three months ended June 30, 2012			Increase (Decrease)			Year ended March 31, 2012
Telecommunications businesses:
Operating revenues		206,899			196,159			(10,739	)		817,556
Operating expenses		177,554			166,277			(11,276	)		710,400
Operating income from telecommunications businesses		29,345			29,881			536			107,156

Supplementary businesses:
Operating revenues		34,691			34,406			(285	)		163,464
Operating expenses		36,974			34,557			(2,416	)		164,872
Operating losses from supplementary businesses		(2,282	)		(150	)		2,131			(1,407	)
Operating income		27,062			29,730			2,668			105,748

Non-operating revenues:
Interest income		16			53			36			97
Dividends received		5,322			4,335			(986	)		9,033
Lease and rental income		3,302			3,198			(104	)		13,021
Miscellaneous income		644			96			(548	)		1,562
Total non-operating revenues		9,285			7,683			(1,602	)		23,715

Non-operating expenses:
Interest expenses		578			475			(102	)		2,196
Lease and rental expenses		1,787			1,698			(89	)		7,546
Miscellaneous expenses		98			272			174			726
Total non-operating expenses		2,463			2,446			(17	)		10,469
Recurring profit		33,884			34,967			1,083			118,994

Special profits		—			—			—			3,728
Special losses		—			—			—			9,599
Income before income taxes		33,884			34,967			1,083			113,123
Income taxes		*13,769			*12,855			(914	)		54,820
Net income		20,115			22,112			1,997			58,303

Note:

– 3 –

III. Business Results (Non-Consolidated Operating Revenues)

(Based on accounting principles generally accepted in Japan)


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Percent Increase (Decrease)			Year ended March 31, 2012
Voice transmission services revenues (excluding IP services revenues)		82,617		75,616		(7,000	)		(8.5	)		324,268
IP services revenues		92,714		92,471		(242	)		(0.3	)		374,420
Open computer network services revenues*		39,696		38,842		(853	)		(2.2	)		158,804
IP-Virtual private network services revenues*		17,419		16,979		(439	)		(2.5	)		69,580
Wide-Area Ethernet services revenues*		13,391		13,491		99			0.7			54,094
Data communications revenues (excluding IP services revenues)		21,290		17,552		(3,738	)		(17.6	)		78,332
Leased circuit services revenues*		15,524		13,153		(2,371	)		(15.3	)		56,708
Solution services revenues		38,640		37,885		(755	)		(2.0	)		179,729
Others		6,326		7,039		713			11.3			24,271

Total operating revenues		241,590		230,565		(11,025	)		(4.6	)		981,021

*	Partial listing only

– 4 –

IV. Financial Results of NTT Communications Group


	(Millions of yen)
	Three months ended June 30, 2011		Three months ended June 30, 2012		Increase (Decrease)			Percent Increase (Decrease)
Operating revenues		295,312		289,991		(5,321	)		(1.8	)
Operating expenses		265,437		259,718		(5,719	)		(2.2	)
Operating income		29,875		30,273		398			1.3

– 5 –

August 6, 2012

Nippon Telegraph and Telephone Corporation

Supplementary Data for

the Three Months Ended June 30, 2012

Contents


	pages
1. Number of Subscribers		1

2. Number of Employees		2

3. Capital Investment		2

4. Financial Results and Projections		3~6

5. Average Monthly Revenue per Unit (ARPU)		7

6. Interest-Bearing Liabilities (Consolidated)		8

7. Indices (Consolidated)		8

8. Reconciliation of Financial Indices (Consolidated)		8

The projected figures concerning the future performance of NTT and its subsidiaries and affiliates contained 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, other changes in circumstances that could cause actual results to differ materially from the forecasts contained herein, as well as other risks included in NTT’s most recent Annual Report on Form 20-F and other filings and submissions with the United States Securities and Exchange Commission.

1.	Number of Subscribers


	(in thousands except for Public Telephones)
	A As of Mar. 31, 2012		B As of Jun. 30, 2012								C As of Mar. 31, 2013 (Forecast)
			D								E
					*Change*			*Progress*					*Change*
					*B-A*			*D/E*					*C-A*
Telephone Subscriber Lines		27,521		26,872		(650	)		25.5	%		24,977		(2,544	)
NTT East		13,554		13,229		(325	)		25.4	%		12,277		(1,277	)
NTT West		13,968		13,643		(325	)		25.6	%		12,701		(1,267	)
INS-Net		4,150		4,036		(115	)		28.3	%		3,744		(406	)
NTT East		2,142		2,082		(60	)		26.8	%		1,919		(223	)
NTT West		2,008		1,953		(55	)		30.0	%		1,825		(183	)
Telephone Subscriber Lines + INS-Net		31,672		30,907		(764	)		25.9	%		28,722		(2,950	)
NTT East		15,695		15,311		(385	)		25.6	%		14,195		(1,500	)
NTT West		15,976		15,596		(380	)		26.2	%		14,526		(1,450	)
Public Telephones		231,038		226,644		(4,394	)		18.7	%		207,556		(23,482	)
NTT East		110,242		108,473		(1,769	)		16.1	%		99,242		(11,000	)
NTT West		120,796		118,171		(2,625	)		21.0	%		108,314		(12,482	)
FLET’S ISDN		152		145		(7	)		20.2	%		116		(36	)
NTT East		71		68		(4	)		19.2	%		51		(20	)
NTT West		81		77		(3	)		21.5	%		65		(16	)
FLET’S ADSL		2,322		2,206		(115	)		25.6	%		1,872		(450	)
NTT East		1,135		1,069		(65	)		26.0	%		885		(250	)
NTT West		1,187		1,137		(50	)		25.2	%		987		(200	)
FLET’S Hikari		16,564		16,872		307			21.2	%		18,014		1,450
NTT East		9,353		9,517		164			20.5	%		10,153		800
NTT West		7,211		7,354		143			22.1	%		7,861		650
FLET’S Hikari Next*		7,106		7,703		597			23.0	%		9,706		2,600
NTT East		4,275		4,573		298			24.8	%		5,475		1,200
NTT West		2,831		3,130		299			21.4	%		4,231		1,400
FLET’S Hikari Light*		297		412		115			28.7	%		697		400
NTT East		261		322		61			20.4	%		561		300
NTT West		36		90		54			53.7	%		136		100
Hikari Denwa		13,900		14,252		351			21.3	%		15,550		1,650
NTT East		7,402		7,577		175			18.4	%		8,352		950
NTT West		6,498		6,674		176			25.2	%		7,198		700
Conventional Leased Circuit Services		269		265		(3	)		56.8	%		262		(6	)
NTT East		134		132		(1	)		74.7	%		132		(2	)
NTT West		135		133		(2	)		43.6	%		130		(4	)
High Speed Digital Services		158		155		(3	)		21.9	%		143		(16	)
NTT East		84		82		(2	)		46.2	%		80		(4	)
NTT West		74		73		(2	)		14.0	%		62		(12	)
NTT Group Major ISPs		11,882		11,890		7			5.8	%		12,009		127
OCN*		8,437		8,448		11			9.4	%		8,555		118
Plala*		3,122		3,120		(2	)		498.7	%		3,122		(0	)
Video Services		—		—		—			—			—		—
Hikari TV		2,004		2,122		117			21.5	%		2,550		546
FLET’S TV Transmission Services		861		898		37			21.4	%		1,035		174
NTT East		642		661		19			24.9	%		719		77
NTT West		219		237		18			18.6	%		316		97
Mobile		60,129		60,396		266			9.5	%		62,930		2,800
FOMA		57,905		57,079		(825	)		15.7	%		52,640		(5,270	)
Xi		2,225		3,317		1,092			13.5	%		10,290		8,070
i-mode		42,321		40,336		(1,985	)		24.4	%		34,170		(8,150	)
sp-mode		9,586		11,469		1,883			19.7	%		19,130		9,540


Notes :	(1)	Number of Telephone Subscriber Lines is the total of individual lines and central station lines (Subscriber Telephone Light Plan is included).

	(2)	“INS-Net” includes “INS-Net 64” and “INS-Net 1500.” In terms of number of channels, transmission rate, and line use rate (base rate), “INS-Net 1500” is in all cases roughly ten times greater than “INS-Net 64.” For this reason, one “INS-Net 1500” subscription is calculated as ten “INS-Net 64” subscriptions (“INS-Net 64” Lite Plan is included).

	(3)	Number of “FLET’S Hikari” subscribers includes subscribers to “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East, and subscribers to “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

	(4)	“NTT Group Major ISPs” includes “WAKWAK” and “InfoSphere,” in addition to “OCN” and “Plala.”

	(5)	Number of communication module service subscribers is included in the number of Mobile and “FOMA” subscribers.

	(6)	Changes in the number of Mobile (“FOMA,” “Xi” are included), “i-mode” and “sp-mode” subscribers as of Mar. 31, 2013 (Forecast) are forecasted net-increases.

	(7)	Effective Mar. 3, 2008, “FOMA” services subscriptions became mandatory for subscription to “2in1” services. Such “FOMA” services subscriptions to “2in1” services are included in the above numbers of Mobile phone service subscriptions and “FOMA”* service subscriptions.

* Partial listing only

-1-

2.	Number of Employees


	(Person)
	A As of Jun. 30, 2011		B As of Jun. 30, 2012					C As of Mar. 31, 2013 (Forecast) ⁽¹⁾
					*Change*
					*B-A*
NTT Consolidated		231,150		232,350		1,200			222,800
Core Group Companies
NTT (Holding Company)		3,000		2,950		(50	)		2,900
NTT East		6,350		6,350		0			5,800
NTT West		5,500		5,350		(150	)		5,150
NTT Communications		8,250		8,150		(100	)		7,100
NTT DATA (Consolidated)		55,150		60,150		5,000			61,050
NTT DOCOMO (Consolidated)		23,650		23,950		300			22,800
(Reference) Outsourcing Companies ⁽²⁾
East Outsourcing Companies		35,850		33,400		(2,450	)		30,500
West Outsourcing Companies		37,650		34,650		(3,000	)		30,250

3.	Capital Investment


	(Billions of yen)
	A Three Months Ended Jun. 30, 2011		B Three Months Ended Jun. 30, 2012								C Year Ending Mar. 31, 2013 (Forecast)
					*Change*			*Progress*
					*B-A*			*B/C*
NTT Consolidated		367.0		405.7		38.7			21.1	%		1,920.0
Core Group Companies
NTT (Holding Company)		3.2		5.9		2.7			18.1	%		33.0
NTT East		71.9		76.8		4.9			19.7	%		390.0
NTT West		72.2		77.0		4.7			21.4	%		360.0
NTT Communications		28.0		14.2		(13.8	)		12.9	%		110.0
NTT DATA (Consolidated)		29.7		21.8		(7.9	)		16.4	%		133.0
NTT DOCOMO (Consolidated)		136.7		177.4		40.7			24.1	%		735.0

-2-

4.	Financial Results and Projections (NTT Consolidated, NTT (Holding Company))


	(Billions of yen)
	A Three Months Ended Jun. 30, 2011		B Three Months Ended Jun. 30, 2012								C Year Ending Mar. 31, 2013 (Forecast)
					*Change*			*Progress*
					*B-A*			*B/C*
NTT Consolidated (US GAAP)
Operating Revenues		2,537.4		2,575.9		38.6			24.0	%		10,750.0
Fixed Voice Related Services		501.2		451.0		(50.2	)		—			—
Mobile Voice Related Services		482.1		432.3		(49.9	)		—			—
IP/Packet Communications Services		873.4		936.0		62.6			—			—
Sales of Telecommunications Equipment		129.0		168.4		39.4			—			—
System Integration		389.8		411.6		21.8			—			—
Other		161.8		176.6		14.8			—			—
Operating Expenses		2,188.1		2,223.6		35.5			23.5	%		9,470.0
Cost of Services (exclusive of items shown separately below)		577.9		591.4		13.5			—			—
Cost of Equipment Sold (exclusive of items shown separately below)		168.6		179.4		10.8			—			—
Cost of System Integration (exclusive of items shown separately below)		259.1		274.2		15.1			—			—
Depreciation and Amortization		461.8		460.3		(1.5	)		—			—
Impairment Loss		0.1		0.2		0.1			—			—
Selling, General and Administrative Expenses		720.7		718.1		(2.6	)		—			—
Write-Down of Goodwill and Other Intangible Assets		—		—		—			—			—
Operating Income		349.3		352.3		3.0			27.5	%		1,280.0
Income Before Income Taxes		351.8		346.6		(5.3	)		27.4	%		1,265.0
Net Income Attributable to NTT		153.1		156.6		3.5			27.2	%		575.0
(Ref.) Details of “Cost of Services,” “Cost of Equipment Sold,” “Cost of System Integration” and “Selling, General and Administrative Expenses”
Personnel		523.7		522.8		(0.8	)		—			—
Cost of Services and Equipment Sold, and Selling, General and Administrative Expenses		1,120.4		1,153.2		32.8			—			—
Loss on Disposal of Property, Plant and Equipment		25.5		31.0		5.5			—			—
Other Expenses		56.6		56.1		(0.5	)		—			—
Total		1,726.2		1,763.1		37.0			—			—
NTT (Holding Company) (JPN GAAP)
Operating Revenues		211.9		227.3		15.3			52.5	%		433.0
Operating Expenses		34.2		34.1		(0.1	)		22.0	%		155.0
Operating Income		177.6		193.1		15.5			69.5	%		278.0
Non-Operating Revenues		10.3		9.5		(0.8	)		23.9	%		40.0
Non-Operating Expenses		10.3		10.3		0.0			24.1	%		43.0
Recurring Profit		177.7		192.3		14.6			70.0	%		275.0
Net Income		176.8		191.7		14.9			69.2	%		277.0

-3-


4. Financial Results and Projections (NTT East, NTT West)	(Billions of yen)
	A Three Months Ended Jun. 30, 2011		B Three Months Ended Jun. 30, 2012								C Year Ending Mar. 31, 2013 (Forecast)
					*Change*			*Progress*
					*B-A*			*B/C*
NTT East (JPN GAAP)
Operating Revenues		454.1		449.5		(4.6	)		24.1	%		1,868.0
Voice Transmission Services (excluding IP) ⁽¹⁾		170.2		150.8		(19.4	)		25.9	%		582.0
IP Services ⁽²⁾		187.7		202.4		14.7			23.5	%		860.0
Leased Circuit (excluding IP)		34.3		31.9		(2.3	)		25.3	%		126.0
Telegraph		4.6		4.3		(0.2	)		27.4	%		16.0
Other		29.4		30.5		1.0			21.1	%		284.0
Supplementary Business		27.6		29.3		1.7
Operating Expenses		434.9		433.7		(1.2	)		24.1	%		1,803.0
Personnel		27.9		27.7		(0.2	)		24.8	%		112.0
Cost of Services and Equipment Sold, and Selling, General and Administrative Expenses		282.2		282.1		(0.0	)		23.7	%		1,193.0
Depreciation and Amortization		97.6		96.6		(0.9	)		25.5	%		379.0
Loss on Disposal of Property, Plant and Equipment		8.1		8.4		0.3			18.9	%		45.0
Taxes and Public Dues		18.8		18.6		(0.2	)		25.2	%		74.0
Operating Income		19.2		15.8		(3.4	)		24.3	%		65.0
Non-Operating Revenues		13.8		13.9		0.1			26.4	%		53.0
Non-Operating Expenses		7.7		7.4		(0.3	)		22.5	%		33.0
Recurring Profit		25.2		22.3		(2.8	)		26.3	%		85.0
Net Income		12.7		14.1		1.3			26.6	%		53.0
NTT West (JPN GAAP)
Operating Revenues		413.9		402.9		(10.9	)		24.5	%		1,645.0
Voice Transmission Services (excluding IP) ⁽¹⁾		167.8		150.4		(17.3	)		25.9	%		581.0
IP Services ⁽²⁾		153.4		163.0		9.6			24.3	%		670.0
Leased Circuit (excluding IP)		31.4		29.1		(2.2	)		26.2	%		111.0
Telegraph		5.5		4.9		(0.6	)		27.4	%		18.0
Other		28.5		27.0		(1.5	)		20.9	%		265.0
Supplementary Business		27.0		28.3		1.3
Operating Expenses		400.8		398.0		(2.8	)		24.8	%		1,605.0
Personnel		26.7		26.6		(0.1	)		24.4	%		109.0
Cost of Services and Equipment Sold, and Selling, General and Administrative Expenses		256.6		255.6		(0.9	)		24.5	%		1,045.0
Depreciation and Amortization		91.1		88.3		(2.8	)		25.7	%		344.0
Loss on Disposal of Property, Plant and Equipment		8.7		10.1		1.3			25.5	%		40.0
Taxes and Public Dues		17.5		17.2		(0.3	)		25.7	%		67.0
Operating Income		13.0		4.9		(8.1	)		12.4	%		40.0
Non-Operating Revenues		11.9		10.9		(0.9	)		25.0	%		44.0
Non-Operating Expenses		7.8		8.1		0.2			23.9	%		34.0
Recurring Profit		17.1		7.8		(9.3	)		15.7	%		50.0
Net Income		13.3		6.8		(6.4	)		17.1	%		40.0


Notes :	(1)	Operating Revenues from Voice Transmission Services (excluding IP) of NTT East and NTT West for the three months ended Jun. 30, 2012 include monthly charges, call charges and interconnection charges of 107.9 billion yen, 12.6 billion yen and 19.0 billion yen for NTT East, and 107.3 billion yen, 11.4 billion yen and 21.0 billion yen for NTT West, respectively.

	(2)	Operating Revenues from IP Services of NTT East and NTT West for the three months ended Jun. 30, 2012 include “FLET’S Hikari” and “Hikari Denwa” charges (including monthly charges, call charges and connection device charges) of 121.3 billion yen and 39.9 billion yen for NTT East, and 93.2 billion yen and 33.4 billion yen for NTT West, respectively.

		— “FLET’S Hikari” includes “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East, and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

-4-

4.	Financial Results and Projections (NTT Communications, Dimension Data)


	(Billions of yen)
	A Three Months Ended Jun. 30, 2011		B Three Months Ended Jun. 30, 2012								C Year Ending Mar. 31, 2013 (Forecast)
					*Change*			*Progress*
					*B-A*			*B/C*
NTT Communications (JPN GAAP)
Operating Revenues		241.5		230.5		(11.0	)		24.1	%		955.0
Voice Transmission Services (excluding IP) ⁽¹⁾		82.6		75.6		(7.0	)		25.6	%		295.0
IP Services ⁽¹⁾⁽²⁾		92.7		92.4		(0.2	)		24.7	%		375.0
Data Transmission Services (excluding IP) ⁽¹⁾⁽²⁾		21.2		17.5		(3.7	)		27.0	%		65.0
Leased Circuit* ⁽¹⁾⁽²⁾		15.5		13.1		(2.3	)		27.4	%		48.0
Solutions Business		38.6		37.8		(0.7	)		19.4	%		195.0
Other		6.3		7.0		0.7			28.2	%		25.0
Operating Expenses		214.5		200.8		(13.6	)		23.5	%		855.0
Personnel		23.2		22.8		(0.3	)		25.4	%		90.0
Cost of Services, Cost of Equipment Sold, and Selling, General and Administrative Expenses		100.7		93.1		(7.6	)		23.3	%		640.0
Communication Network Charges		61.8		56.1		(5.6	)
Depreciation and Amortization		24.7		24.8		0.1			23.2	%		107.0
Loss on Disposal of Property, Plant and Equipment		0.8		0.7		(0.1	)		12.6	%		6.0
Taxes and Public Dues		3.0		3.0		(0.0	)		25.4	%		12.0
Operating Income		27.0		29.7		2.6			29.7	%		100.0
Non-Operating Revenues		9.2		7.6		(1.6	)		36.6	%		21.0
Non-Operating Expenses		2.4		2.4		(0.0	)		22.2	%		11.0
Recurring Profit		33.8		34.9		1.0			31.8	%		110.0
Net Income		20.1		22.1		1.9			33.0	%		67.0
Dimension Data Consolidated (IFRS)
Operating Revenues		110.3		112.9		2.6			23.3	%		485.0
Operating Expenses ⁽³⁾		106.2		110.3		4.1			23.5	%		468.5
Operating Income ⁽⁴⁾		4.0		2.6		(1.4	)		15.8	%		16.5
Net Income Attributable to NTT		2.0		1.6		(0.5	)		—			—


Notes:	(1)	Operating Revenues from Voice Transmission Services (excluding IP) of NTT Communications for the three months ended Jun. 30, 2012 include revenues from telephone subscriber lines (38.9 billion yen). Operating Revenues from IP Services include revenues from OCN (38.8 billion yen), IP-VPN (16.9 billion yen) and Wide-area Ethernet (13.4 billion yen). Operating Revenues from Data Transmission Services (excluding IP) include Frame Relay / Cell Relay (0 billion yen), and Operating Revenues from Leased Circuit include conventional leased circuits (0.7 billion yen) and high-speed digital (5.1 billion yen).

	(2)	Operating Expenses includes costs associated with the acquisition of Dimension Data by NTT.

	(3)	Operating Income under US GAAP is 0.3 billion yen.

	(4)	Since Dimension Data’s statements of income from January 1 to December 31 are consolidated into NTT’s consolidated statements of income from April 1 to March 31, Dimension Data’s financial results for the three months ended March 31, 2011 are stated under “A. Three Months Ended Jun. 30, 2011” and Dimension Data’s financial results for the three months ended March 31, 2012 are stated under “B. Three Months Ended Jun. 30, 2012” and Dimension Data’s forecast for the twelve months ending December 31, 2012 are stated under “C. Year Ending Mar. 31, 2013 (Forecast).”

	(5)	Conversion Rate USD1.00 = JPY79.35

* Partial listing only

-5-

4.	Financial Results and Projections (NTT DATA, NTT DOCOMO)


	(Billions of yen)
	A Three Months Ended Jun. 30, 2011			B Three Months Ended Jun. 30, 2012									C Year Ending Mar. 31, 2013 (Forecast)
							*Change*			*Progress*
							*B-A*			*B/C*
NTT DATA Consolidated (JPN GAAP)
Operating Revenues		270.2			294.0			23.7			23.0	%		1,280.0
Public & Financial IT Services		173.8			183.5			9.7			22.5	%		816.0
Enterprise IT Services		85.7			100.1			14.4			24.2	%		414.0
Solutions & Technologies		38.1			41.4			3.2			23.6	%		176.0
Elimination or Corporate		(27.4	)		(31.1	)		(3.7	)		24.8	%		(126.0	)
Cost of Sales		204.4			222.2			17.7			23.2	%		956.0
Gross Profit		65.8			71.8			5.9			22.2	%		324.0
Selling, General and Administrative Expenses		54.3			58.4			4.1			24.5	%		239.0
Operating Income		11.5			13.3			1.7			15.7	%		85.0
Non-Operating Income (Loss)		(0.4	)		(1.3	)		(0.8	)		18.7	%		(7.0	)
Recurring Profit		11.1			12.0			0.8			15.4	%		78.0
Net Income		3.5			7.0			3.4			18.5	%		38.0
NTT DOCOMO Consolidated (US GAAP)
Operating Revenues		1,047.3			1,072.3			25.0			24.1	%		4,450.0
Wireless Services		934.1			923.4			(10.7	)		24.8	%		3,725.0
Mobile Services		850.6			827.2			(23.5	)		25.0	%		3,304.0
Voice		405.4			342.1			(63.3	)		27.7	%		1,233.0
Packet Communications		445.3			485.1			39.9			23.4	%		2,071.0
Other revenues		83.5			96.3			12.8			22.9	%		421.0
Equipment sales		113.2			148.8			35.7			20.5	%		725.0
Operating Expenses		779.6			809.7			30.1			22.8	%		3,550.0
Personnel		68.1			71.8			3.8			25.8	%		278.0
Cost of Services, Cost of Equipment Sold, and Selling, General and Administrative Expenses		477.7			506.5			28.8			22.6	%		2,245.0
Depreciation and Amortization		155.8			157.5			1.7			22.7	%		695.0
Loss on Disposal of Property, Plant and Equipment		4.9			9.7			4.8			13.6	%		71.0
Communication Network Charges		63.7			54.4			(9.3	)		24.4	%		223.0
Taxes and Public Dues		9.5			9.8			0.3			25.7	%		38.0
Operating Income		267.7			262.6			(5.1	)		29.2	%		900.0
Non-Operating Income (Loss)		2.5			2.2			(0.4	)		72.9	%		3.0
Income Before Income Taxes		270.3			264.8			(5.4	)		29.3	%		903.0
Net Income Attributable to NTT DOCOMO		158.7			164.3			5.6			29.5	%		557.0


Note:		“Global IT Services” changed its name to “Enterprise IT Services” at the beginning of the fiscal year ending March 31, 2013.

-6-

5.	Average Monthly Revenue per Unit (ARPU)

We believe that our ARPU figures calculated in this way provide useful information regarding the monthly average usage of our subscribers. The revenue items included in the numerators of our ARPU figures are based on our financial results comprising our U.S. GAAP results of operations.


	(Yen)
	Three Months Ended Jun. 30, 2011 (From Apr. to Jun., 2011)		Three Months Ended Jun. 30, 2012 (From Apr. to Jun., 2012)		Year Ended Mar. 31, 2012		Year Ending Mar. 31, 2013 (Forecast)
NTT East
Aggregate Fixed Line ARPU (Telephone Subscriber Line + INS-NET Subscriber Line)		2,870		2,820		2,860		2,810
Telephone Subscriber Lines ARPU		2,510		2,460		2,500		2,450
INS-NET Subscriber Lines ARPU		5,090		5,050		5,080		5,030
FLET’S Hikari ARPU		5,850		5,880		5,900		5,800
NTT West
Aggregate Fixed Line ARPU (Telephone Subscriber Line + INS-NET Subscriber Line)		2,770		2,730		2,760		2,720
Telephone Subscriber Lines ARPU		2,460		2,420		2,450		2,410
INS-NET Subscriber Lines ARPU		4,930		4,880		4,920		4,880
FLET’S Hikari ARPU		5,920		5,900		5,930		5,870
NTT DOCOMO
Mobile Aggregate ARPU (FOMA+Xi)		4,960		4,650		4,870		4,570
Voice ARPU (FOMA+Xi)		2,340		1,900		2,200		1,690
Packet ARPU (FOMA+Xi)		2,620		2,750		2,670		2,880


Notes :	(1)	We compute the following four categories of ARPU for business conducted by each of NTT East and NTT West.

		•	Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines): Calculated based on revenues from monthly charges and call charges for Telephone Subscriber Lines and INS-NET Subscriber Lines, which are included in operating revenues from Voice Transmission Services (excluding IP Services), and revenues from “FLET’S ADSL” and “FLET’S ISDN,” which are included in operating revenues from IP Services.

		•	Telephone Subscriber Lines ARPU: Calculated based on revenues from monthly charges and call charges for Telephone Subscriber Lines and revenues from “FLET’S ADSL.”

		•	INS-NET Subscriber Lines ARPU: Calculated based on revenues from monthly charges and call charges for “INS-NET” Subscriber Lines and revenues from “FLET’S ISDN.”

		•	FLET’S Hikari ARPU: Calculated based on revenues from “FLET’S Hikari” (including “FLET’S Hikari” optional services), which are included in operating revenues from IP Services, revenues from monthly charges, call charges and connection device charges for “Hikari Denwa,” and revenues from “FLET’S Hikari” optional services, which are included in Supplementary Business revenues.

		—	“FLET’S Hikari” includes “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East, and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

	(2)	Revenues from interconnection charges are excluded from the calculation of Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines), Telephone Subscriber Lines ARPU, INS-NET Subscriber Lines ARPU, and FLET’S Hikari ARPU.

	(3)	For purposes of calculating Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines), Telephone Subscriber Lines ARPU and INS-NET Subscriber Lines ARPU, the number of subscribers is determined based on the number of subscriptions for each service.

	(4)	In terms of number of channels, transmission rate, and line use rate (base rate), INS-Net 1500 is in all cases roughly ten times greater than INS-Net 64. For this reason, for the purpose of calculating Aggregate Fixed Line ARPU (Telephone Subscriber Lines + INS-NET Subscriber Lines) and INS-NET Subscriber Lines ARPU, one INS-Net 1500 subscription is calculated as ten INS-Net 64 subscriptions.

	(5)	For purposes of calculating FLET’S Hikari ARPU, number of subscribers is determined based on the number of “FLET’S Hikari” subscribers, including “B FLET’S,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT East and “B FLET’S,” “FLET’S Hikari Premium,” “FLET’S Hikari Mytown,” “FLET’S Hikari Next” and “FLET’S Hikari Light” provided by NTT West.

	(6)	The following is the formula we use to compute ARPU for mobile business conducted by NTT DOCOMO.

		•	Mobile Aggregate ARPU (“FOMA”+“Xi”) = Voice ARPU (“FOMA”+“Xi”) + Packet ARPU (“FOMA”+“Xi”).

			—	Our Voice ARPU (“FOMA”+“Xi”) is based on operating revenues related to voice services, such as basic monthly charges and voice communication charges attributable to our “FOMA” and “Xi” services, and our Packet ARPU (“FOMA”+“Xi”) is based on operating revenues related to packet services, such as basic monthly charges and packet communication charges attributable to our “FOMA” and “Xi” services.

	(7)	“mova” services were terminated as of March 31, 2012. “mova” service subscriptions are included in the calculations of Mobile Aggregate ARPU, Voice ARPU and Packet ARPU for the three months ended Jun. 30, 2011 and the year ended Mar. 31, 2012, but are not included in the calculations of Mobile Aggregate ARPU, Voice ARPU and Packet ARPU for the three months ended Jun. 30, 2012 and the year ending Mar. 31, 2013 (Forecast).

	(8)	Communications module service, phone number storage service and mail address storage service subscribers and the revenues therefrom are not included in the calculations of Mobile Aggregate ARPU.

	(9)	Numbers of active subscribers used in the ARPU calculation of NTT East and NTT West are as below.

			—	1Q Results: Sum of number of active subscribers** for each month from Apr. to Jun.

			—	2Q Results: Sum of number of active subscribers** for each month from Jul. to Sept.

			—	3Q Results: Sum of number of active subscribers** for each month from Oct. to Dec.

			—	4Q Results: Sum of number of active subscribers** for each month from Jan. to Mar.

			—	FY Results : Sum of number of active subscribers** for each month from Apr. to Mar.

			—	FY Forecast: Sum of the average expected active number of subscribers during the fiscal year ((Number of subscribers at Mar. 31, 2012 + Number of expected subscribers at Mar. 31, 2013)/2)x12

	(10)	Numbers of active subscribers used in the ARPU calculation of NTT DOCOMO are as below.

			—	1Q Results: Sum of number of active subscribers** for each month from Apr. to Jun.

			—	2Q Results: Sum of number of active subscribers** for each month from Jul. to Sept.

			—	3Q Results: Sum of number of active subscribers** for each month from Oct. to Dec.

			—	4Q Results: Sum of number of active subscribers** for each month from Jan. to Mar.

			—	FY Results/FY Forecast: Sum of number of active subscribers/expected number of active subscribers for each month from Apr. to Mar.

		**active subscribers = (number of subscribers at end of previous month + number of subscribers at end of current month)/2

-7-

6.	Interest-Bearing Liabilities (Consolidated)

(Billions of yen)

As of
Mar. 31, 2012

As of
Jun. 30, 2012

As of
Mar. 31, 2013
(Forecast)

Interest-Bearing Liabilities

4,274.0

4,379.5

4,000.0

7.	Indices (Consolidated)

Year Ended
Mar. 31, 2012

Three Months Ended
Jun. 30, 2012

Year Ending
Mar. 31, 2013
(Forecast)

EBITDA

3,219.1 billion yen

834.3 billion yen

3,273.0 billion yen

EBITDA Margin

30.6 %

32.4 %

30.4 %

Operating FCF

1,272.5 billion yen

428.6 billion yen

1,353.0 billion yen

ROCE

5.8 %

— %

6.5 %


Note :		Reconciliation of Indices is as follows.

8.	Reconciliation of Financial Indices (Consolidated)

Year Ended
Mar. 31, 2012

Three Months Ended
Jun. 30, 2012

Year Ending
Mar. 31, 2013
(Forecast)

EBITDA (a+b)

3,219.1 billion yen

834.3 billion yen

3,273.0 billion yen

Operating Income

1,223.0 billion yen

352.3 billion yen

1,280.0 billion yen

Depreciation and Amortization, and Loss on Disposal of Property, Plant and Equipment

1,996.2 billion yen

482.0 billion yen

1,993.0 billion yen

EBITDA Margin [(c/d)X100]

30.6 %

32.4 %

30.4 %

Operating Income

1,223.0 billion yen

352.3 billion yen

1,280.0 billion yen

Depreciation and Amortization, and Loss on Disposal of Property, Plant and Equipment

1,996.2 billion yen

482.0 billion yen

1,993.0 billion yen

EBITDA (a+b)

3,219.1 billion yen

834.3 billion yen

3,273.0 billion yen

Operating Revenues

10,507.4 billion yen

2,575.9 billion yen

10,750.0 billion yen

Operating FCF [(c-d)]

1,272.5 billion yen

428.6 billion yen

1,353.0 billion yen

Operating Income

1,223.0 billion yen

352.3 billion yen

1,280.0 billion yen

Depreciation and Amortization, and Loss on Disposal of Property, Plant and Equipment

1,996.2 billion yen

482.0 billion yen

1,993.0 billion yen

EBITDA (a+b)

3,219.1 billion yen

834.3 billion yen

3,273.0 billion yen

Capital Investment

1,946.6 billion yen

405.7 billion yen

1,920.0 billion yen

ROCE [(b/c)X100]

5.8 %

—

6.5 %

Operating Income

1,223.0 billion yen

—

1,280.0 billion yen

(Normal Statutory Tax Rate)

41 %

—

38 %

Operating Income X (1 - Normal Statutory Tax Rate)

722.5 billion yen

—

790.3 billion yen

Operating Capital Employed

12,365.4 billion yen

—

12,215.3 billion yen


Note :		Figures for capital investment are the accrual-based amounts required for acquisition of Property, Plant and Equipment and Intangible Assets. The differences from the figures for “Payments for Property, Plant and Equipment” and “Payments for Acquisition of Intangible Assets” in the consolidated statements of cash flows are as described in the reconciliation below.


	(Billions of yen)
	Year Ended Mar. 31, 2012			Three Months Ended Jun. 30, 2012
Payments for Property, Plant and Equipment		1,395.1			438.6
Payments for Acquisition of Intangible Assets		458.2			121.2
Total		1,853.3			559.8
Difference from Capital Investment		(93.3	)		154.1