March 31, 2022 Approval of FY2022 Business Plan of Nippon Telegraph and Telephone Corporation, Etc.

The Minister for Internal Affairs and Communications has today approved the submitted fiscal 2022 business plans of Nippon Telegraph and Telephone Corporation (headed by President SAWADA Jun, hereafter referred to as "NTT Holdings"), Nippon Telegraph and Telephone East Corporation (headed by President, INOUE Fukuzo, hereafter referred to as "NTT East") and Nippon Telegraph and Telephone West Corporation (headed by President, hereafter referred to as KOBAYASHI Mitsuyoshi; "NTT West").

Under the provisions of Article 12 of the Act on Nippon Telegraph and Telephone Corporation, etc. (Act No. 85 of 1984), the Minister for Internal Affairs and Communications has today approved the FY2022 business plans* submitted by NTT Holdings, NTT East and NTT West.

  • *
    Reference: Overview of each company’s FY2022 business plan.

1. Service plans (expected number of subscribers, number of lines, and number of contracts, etc. at the end of FY2022)

NTT East NTT West
Subscribed phone (×10,000 subscribers) Approximately 605 Approximately 605
INS Net 64 (×1,000 lines) Approximately 611 Approximately 694
INS Net 1500 (×1,000 lines) Approximately 8 Approximately 5
FLET’S Hikari* (×10,000 contracts) Approximately 1,353 Approximately 1,039
  • *
    Includes optical collaboration models.

2. Capital investment plans (Unit: 100 million yen)

NTT East NTT West NTT Holdings
Total capital investment 2,350 2,210 240
Access network optical investment Approximately 930 Approximately 790

3. Income and expenditure plans (Unit: 100 million yen)

NTT East NTT West NTT Holdings
Operating income 15,850 13,230 12,860
Operating expenses 13,350 12,040 1,640
Operating profit 2,500 1,190 11,220

4. Financial plan (Unit: 100 million yen)

NTT East NTT West NTT Holdings
Cash revenue 21,720 17,630 18,980
Cash expenditure 21,720 17,630 18,980

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