Nippon Telegraph and Telephone Corporation ( (NPPXF) ) has released its Q3 earnings. Here is a breakdown of the information Nippon Telegraph and Telephone Corporation presented to its investors.
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Nippon Telegraph and Telephone Corporation (NTT) is a leading telecommunications company based in Japan, offering a wide range of services including fixed and mobile communications, system integration, and global solutions.
In its latest earnings report for the nine months ending December 31, 2024, NTT reported a slight increase in operating revenues to ¥10,049,724 million, representing a 3.4% growth compared to the same period the previous year. Despite the revenue growth, the company faced declines in other key financial metrics.
The report highlighted a decrease in operating profit by 5.9%, profit before taxes by 13.8%, and profit attributable to NTT by 15.9%. Basic earnings per share also saw a decline, moving from ¥11.89 to ¥10.15. The company attributed these declines to increased operating expenses, including higher personnel and purchase costs. On a positive note, NTT’s total assets grew to ¥30,603,365 million, reflecting a solid financial position.
Looking ahead, NTT remains cautiously optimistic, forecasting a modest revenue growth of 0.6% for the fiscal year ending March 31, 2025. The company plans to continue its strategic initiatives in the integrated ICT and global solutions segments, despite anticipating continued challenges in profitability.
