Slides
Page 1
© NTT, Inc. 2026 November 4, 2026 Financial Results for the Six Months Ended September 30, 2026
Page 2
2© NTT, Inc. 2026 This document is a translation of the Japanese original. The Japanese original is authoritative. 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 Securities Report and in any other materials publicly disclosed by NTT on its website. * “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.
Page 3
3© NTT, Inc. 2026 Table of Contents 1. Overview of Consolidated Results for FY2026.2Q 2. FY2026 Financial Results Forecast 3. Topics 4. Appendix
Page 4
4© NTT, Inc. 2026 Overview of Consolidated Results for the Six Months Ended September 30, 2026
Page 5
5© NTT, Inc. 2026 Status of Consolidated Results ⚫ Operating Revenues: ¥7,362.2B <+¥589.4B [+8.7%] year-on-year> ⚫ EBITDA(1): ¥1,655.7B < ¥(84.8)B [(4.9)%] year-on-year> ⚫ Operating Profit: ¥830.1B < ¥(115.0)B [(12.2)%] year-on-year> ⚫ Profit(2): ¥500.2B < ¥(95.5)B [(16.0)%] year-on-year> ◼ Operating Revenues increased, Operating Profit and Profit decreased ◼ Operating Revenues reached new record-high levels (1) EBITDA, and the depreciation and amortization included in its calculation, excludes all depreciation and amortization related to right-of-use assets. (2) Profit presented above represents the profit attributable to NTT, excluding noncontrolling interests. Status of Consolidated Results for FY2026.2Q
Page 6
6© NTT, Inc. 2026 〔FY2026.2Q〕 Contributing Factors by Segment for FY2026.2Q 7,362.2 8.8 249.4 6,772.7 830.1 945.0 〔144.2〕 〔188.2〕 7.3 〔482.1〕 〔29.5〕 124.8 256.3 82.5 0.7 5.4 7.2 7.6 Operating Revenues <Year-on-year:＋589.4> FY2025.2Q 〔FY2026.2Q〕 Integrated ICT Business Segment Global Solutions Business Segment Regional Communications Business Segment Others (Real Estate, Energy and Others) Elimination of Inter-Segment Transactions (Billions of yen) 〔2,616.8〕 〔1,544.2〕〔3,282.1〕 〔894.8〕 FY2026.2Q Operating Profit <Year-on-year:(115.0)> FY2025.2Q FY2026.2Q Integrated ICT Business Segment Global Solutions Business Segment Regional Communications Business Segment Others (Real Estate, Energy and Others) Elimination of Inter-Segment Transactions
Page 7
7© NTT, Inc. 2026 FY2026 Financial Results Forecast 87
Page 8
8© NTT, Inc. 2026 Initial Forecast (Announced on May 8, 2026) Financial Results Forecast (Announced on November 4, 2026) Change from Initial Forecast Operating Revenues ¥15,060.0B ¥15,080.0B ＋¥20.0B EBITDA(1) ¥3,430.0B ¥3,450.0B ＋¥20.0B Operating Profit ¥1,710.0B ¥1,730.0B ＋¥20.0B Profit(2) ¥980.0B ¥994.0B ＋¥14.0B Capital Investment ¥2,430.0B ¥2,473.0B ＋¥43.0B FY2026 Financial Results Forecast ◼ Operating Revenues, Operating Profit and Profit forecasts all revised upward, reflecting strong results at DOCOMO ◼ Capital Investment increased to ensure steady execution of mobile network quality improvements amid growing traffic Consolidated Revenues and Income Plan (1) EBITDA, and the depreciation and amortization included in its calculation, excludes all depreciation and amortization related to right-of-use assets. (2) Profit presented above represents the profit attributable to NTT, excluding noncontrolling interests. 98
Page 9
9© NTT, Inc. 2026 Summary of FY2026 Financial Results Forecast (by Company) Operating Revenues Operating ProfitChange from Initial Forecast Change from Initial Forecast NTT DOCOMO Group ¥6,841.0B ＋¥20.0B ¥963.0B ＋¥20.0B NTT DATA Group Consolidated ¥5,190.0B - ¥470.0B - NTT EAST Group ¥1,735.0B - ¥224.0B - NTT WEST Group ¥1,505.0B - ¥90.0B - NTT Urban Solutions Group ¥580.0B - ¥56.0B - 109
Page 10
10© NTT, Inc. 2026 Summary of FY2026 Financial Results Forecast (Capital Investment by Company) Capital Investment Change from Initial Forecast NTT DOCOMO Group ¥900.0B ＋¥43.0B NTT DATA Group Consolidated ¥804.0B - NTT EAST Group ¥277.0B - NTT WEST Group ¥245.0B - NTT Urban Solutions Group ¥95.0B - 109810
Page 11
11© NTT, Inc. 2026 Topics
Page 12
12© NTT, Inc. 2026 NTT Group’s Technology Supporting Motorsports Partnership with McLaren Racing in Formula 1 Technology Provision and Brand Awareness Building through INDYCAR * Since 2019, NTT and NTT DATA Group have served as title sponsors of the NTT INDYCAR SERIES, with NTT DATA Group serving as its Official Technology Partner. ⚫ Business co-creation leveraging both parties’ customer and fan bases ⚫ Enhancing brand awareness across Latin America, Europe and Asia, in addition to North America Provision of AI Technology and Large - Scale Real - Time Data Analytics Technical Assistance for AI Security Governance Brand Awareness Building Venue solutions INDYCAR App (Congestion and risk prediction) (AI-powered automated race summaries) FREEDOM 250 GRAND PRIX Aug. 22–23, Washington, D.C. ◼ As the Title Sponsor and Official Technology Partner of the NTT INDYCAR SERIES*, North America’s premier open-wheel racing series, contributing to the advancement of venue and race operations and to enhanced fan experiences through the provision of technologies such as AI and data analytics. ◼ Building on its proven track record in INDYCAR and the trust established in the NTT brand, commencing a partnership in January 2027 with McLaren Racing, which operates one of Formula 1’s most prestigious teams.
Page 13
13© NTT, Inc. 2026 0.5 0.6 0.6 0.8 0.9 1.1 1.2 1.2 1.4 1.6 1.7 1.8 2.2 2.4 3.0 3.6 3.8 4.2 4.6 4.8 5.1 5.2 5.3 5.4 12.3% 13.0% 17.1% 23.0% 19.5% 27.5% 32.3% 31.2% 38.2% 37.2% 33.4% 38.0% 31.4% 30.7% 32.9% 40.9% 41.1% 42.3% 34.9% 34.5% 33.8% 43.5% 42.0% 43.9% FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026E (1) Dividend-per-share amounts have been adjusted to reflect the 100-for-one stock split carried out on January 4, 2009, the two-for-one stock split carried out on July 1, 2015, the two- for-one stock split carried out on January 1, 2020, and the 25-for-one stock split carried out on July 1, 2023. (2) U.S. GAAP was applied for periods up to and including FY2017, and IFRS has been applied for periods from and including FY2018. (Yen) ● Pay-Out Ratio Changes in Total Annual Dividends Payment of interim dividend ◼ Interim dividend per share：¥2.7(+1.9％ from FY2025) <Total annual dividends per share(Forecasts)：¥5.4 (expected to increase for the 16th consecutive year)> interim dividend amount ¥2.7
Page 14
14© NTT, Inc. 2026 120.0 86.2 100.0 366.5 539.4 94.4 200.0 381.7 150.0 406.5 338.1 93.6 374.1 235.2 258.0 501.1 250.0 250.0 510.3 200.0 200.0 200.0 FY1999 FY2002 FY2003 FY2004 FY2005 FY2007 FY2008 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026E * On May 8, 2026, the Board of Directors of NTT resolved to buy back shares in an amount up to ¥200.0 billion. Buyback Period: May 11, 2026, to March 31, 2027. Up to 200.0* Amount of Share Buybacks (Billions of yen) ¥104.9 billion of buybacks as of the end of October, 2026 ■Aggregate repurchased amount as of the end of October: ¥104.9 billion ＜Amount of the buyback until March 31, 2027: up to ¥200.0billion＞ Record of Share Buybacks
Page 15
15© NTT, Inc. 2026 Progress under the Medium-Term Management Strategy Value-added Areas • Launched an initiative with TEPCO Power Grid to develop distributed data center infrastructure using containerized data centers (NTT DOCOMO BUSINESS, August) • Entered into a global strategic alliance with Palo Alto Networks to accelerate secure AI transformation (NTT DATA Group, August) • Launched “GPUaaS,” an AI development platform available from a single GPU (NTT DOCOMO BUSINESS, September) • Announced a capital and business alliance with Minkabu the Infonoid to strengthen services and create new offerings in the financial sector, as well as a business alliance with SBI Holdings and Minkabu the Infonoid (NTT DATA, September) • Established a joint venture company with WOWOW for “Lemino,” significantly expanding its content lineup (NTT DOCOMO, October) Connectivity Areas • Launched international roaming for “docomo Starlink Direct” in September, with coverage expanding to additional countries, and announced an agreement with Starlink on its next-generation “Starlink Mobile V2” satellites to further enhance service capabilities (NTT DOCOMO, August/September/October) • Successfully conducted the world’s first demonstration of a sports viewing experience using IOWN APN and volumetric video tec hnology (NTT EAST, NTT WEST, September) • Launched the world’s first commercial deployment of Nokia’s latest base station equipment in a multi -vendor configuration (NTT DOCOMO, September) • Made the first “IOWN AI Fund” investment in iPronics to advance next-generation AI infrastructure and build the IOWN ecosystem (NTT, September) • Announced the accelerated development of innovative mass-production technologies for photonics-electronics convergence devices to support next -generation AI computing (NTT, October) Strategic Upfront Investments to Support Continued Growth • Launched a public-road demonstration in central Nagoya, commissioned by Aichi Prefecture, combining autonomous driving with an on -demand ride-hailing system (NTT DOCOMO BUSINESS, NTT Mobility, NTT DOCOMO, August) • Launched Collaboration with Cailabs on the development of next-generation optical ground stations to enable direct optical communications between space and the ground networks (NTT, September) • Agreement at the ITU-T CxO Roundtable to Advance International Standardization Discussions on Optical Quantum Computing and Optical Quantum Networks (NTT, October) Achievement of a Circular Economy Society • Achieved 100% renewable electricity use across all owned properties in Japan and overseas (NTT Urban Solutions, August) • Launched a demonstration of Hourly Matching combining solar power plants and grid -scale battery energy storage systems (NTT Anode Energy, NTT DOCOMO, September) Further Strengthening of Business Foundations • Grand Opening of Urbannet Sapporo Link Tower and Hyatt Centric Sapporo (NTT Urban Solutions, October) Enhancement of Employee Experience (EX) • Launched “NTT Group Job Scout,” a new internal job-matching system based on direct offers, to support employees’ self -directed career development and drive business growth (NTT, October) ~ Progress since August 2026 ~
Page 16
16© NTT, Inc. 2026 Appendix
Page 17
17© NTT, Inc. 2026 Details of Consolidated Balance Sheet (Billions of yen) (1) The scope of aggregation for each of the figures presented for the Finance Business is as follows: for FY2026 Q2, the consolidated figures of NTT DOCOMO Financial Group, Inc. (IFRS); and for FY2025 year-end, figures based on internal management figures of the Finance Business included in Smart Life of the NTT DOCOMO Group, presented on the premise of the business restructuring in the Finance Business implemented in July 2026 and the transition to the “NTT DOCOMO Financial Group” structure. Such figures are not audited and are provided for refere nce only. The consolidated figures of NTT DOCOMO Financial Group, Inc. include the non-consolidated figures of NTT DOCOMO Financial Group, Inc., the consolidated figures of DOCOMO SMTB Net Bank, Inc., the non-consolidated figures of DOCOMO Insurance, Inc., the consolidated figures of Docomo Monex Holdings, Inc., and the consolidated figures o f DOCOMO Finance, Inc. (2) The scope of aggregation for each of the figures presented for Data Center Business in this sheet is internal management fi gures of the data center business of Global Technology Services Unit in Global Solutions Business Segment, NTT DOCOMO BUSINESS Group in Integrated ICT Business Segment, NTT EAST and NTT WEST in Regional Communications Business Segment. Such figures include t hat calculated based on certain assumptions, are not audited and are provided for reference only. Figures for each company are summed up before the eliminati on of internal transactions.
Page 18
18© NTT, Inc. 2026 (62.9) Increase in payments for acquisitions of assets Acquisitions/sales of investments and subsidiaries （119.8） Changes in working capital (182.7) EBITDA(1) 1,631.5 Payments for acquisitions of assets(2) (1,207.2) Payments for acquisitions of assets(2) (1,007.3) EBITDA(1) 1,740.5 Cash Flows from Operating Activities (A) Cash Flows from Investing Activities (B) FCF (A)+(B) Cash Flows from Financing Activities (1) Operating profit adjusted to add depreciation (excluding depreciation related to right -of-use assets), losses on sales of fixed assets, losses on disposals of fixed assets and impairment losses (2) Payments for acquisitions of property, plant and equipment, intangible assets and investment properties (Reference) NTT Consolidated Cash Flows a）Cash Flows from Operating Activities: ¥46.4 billion, a decrease of ¥931.4 billion compared to the same period of the previous fiscal year b）Cash Flows from Investing Activities: ¥(1,410.3) billion, a decrease of ¥183.6 billion compared to the same period of the pre vious fiscal year c）Cash Flows from Financing Activities: ¥1,620.0 billion, a decrease of ¥946.9 billion compared to the same period of the previ ous fiscal year Cash and Cash Equivalents at the end of FY2026 Q2 : ¥2,172.7 billion (including ¥948.7 billion resulting from the consolidati on of DOCOMO SMTB Net Bank, Inc.) Details of Consolidated Cash Flows (Excluding the impact of the consolidation of DOCOMO SMTB Net Bank, Inc., etc.) (Billions of yen)(1,932.9) FY2025 4-9 FY2026 4-9 Increase/decrease from the same period of the previous fiscal year 18
Page 19
19© NTT, Inc. 2026 Details of Capital Investment Integrated ICT Business Regional Communications Business Global Solutions Business (Billions of yen) FY2026EFY2025 FY2025.2Q FY2026.2Q 2,326.0 2,473.0 Others (Real Estate, Energy and Others)