NTTYY - Nippon Telegraph and Telephone Corporation (NTTYY) Financial Results for the Fiscal Year Ended March 31 2024 and Financial Forecast for the Fiscal Year Ending March 31 2025 Earnings Call Transcript
2024-05-10 16:05:23 ET
Nippon Telegraph and Telephone Corporation (NTTYY)
Financial Results for the Fiscal Year Ended March 31, 2024 and Financial Forecast for the Fiscal Year Ending March 31, 2025 Earnings Conference Call
May 10, 2024 2:30 AM ET
Company Participants
Takuro Hanaki – Head of Investor Relations
Akira Shimada – Member of the Board, President and Chief Executive Officer
Toshihiko Nakamura – Executive Officer, Head of Finance and Accounting
Takashi Hiroi – Representative Member of the Board and Senior Executive Vice President
Conference Call Participants
Satoru Kikuchi – SMBC Nikko Securities
Mitsunobu Tsuruo – Citi Securities
Munehisa Tokunaga – Mizuho Securities
Daisaku Masuno – Nomura Securities
Presentation
Takuro Hanaki
Now, we would like to start the Briefing on the Financial Results for the Fiscal Year Ended March 31, 2024 and Financial Forecast for the Fiscal Year Ending March 31, 2025. I am Hanaki from the IR office and will be serving as the facilitator today. First, I would like to introduce today’s attendees. Mr. Shimada, Member of the Board, President and CEO; Mr. Hiroyi, Representative Member of the Board, Senior Executive Vice President; Mr. Nakamura, Executive Officer, Head of Finance and Accounting; Mr. Hattori, Executive officer, Head of Corporate Strategy and Planning are present here today. Today’s briefing session is streamed live. We are planning to stream it on our website at a later date, so we seek your understanding beforehand. As for today’s explanation material, please refer to presentation materials posted on our company IR website. On the first page it shows the points to be noted, so please go through it as well.
President and CEO, Shimada, will explain the outline of the financial results, followed by a Q&A from the floor. Mr. Shimada, please.
Akira Shimada
Thank you for joining us today. We appreciate your kind attendance. Allow me to present to you the financial results for fiscal year 2023 and also financial forecast for fiscal year 2024 at this time. Please turn to Page 4 of the material. Operating revenue, operating profit and profit all increased year-over-year; operating revenue, operating profit, and profit all reached record high levels. As for operating revenue, well, revenue from electricity business dropped by ¥260 billion, driven by increase in revenue in Integrated ICT Business and Global Solutions business operating increased by ¥238.4 billion and reached ¥13,374.6 billion at the end of the day. Now, of the increase in revenue, impact from foreign currency accounted for roughly ¥200 billion....
Nippon Telegraph and Telephone Corporation (NTTYY) Financial Results for the Fiscal Year Ended March 31, 2024 and Financial Forecast for the Fiscal Year Ending March 31, 2025 Earnings Call Transcript