NTT Inc

For the first quarter, operating revenues increased JPY 355.7 billion year on year to JPY 3,617.7 billion, which management said was a record high. EBITDA rose JPY 34.8 billion to JPY 836.2 billion, operating profit was JPY 425.1 billion, up JPY 20 billion year on year, and net profit increased JPY 15.1 billion to JPY 274.8 billion. Management said the increase was driven by DATA Group overseas growth, domestic business growth, and Smart Life, and noted a positive foreign-currency impact of JPY 75 billion. No next-quarter or full-year numerical guidance was given in the remarks, but management reiterated commitment to expand enterprise business at home and abroad and Smart Life business to achieve the full-year plan.

CEO Akira Shimada framed the quarter as one of broad-based improvement, saying revenues and income increased year on year across all segments. He stressed that mobile revenue declines have narrowed, ARPU improved, and MNP performance was strong, while DOCOMO MAX sold well. His tone was constructive and forward-looking, centering on turning around mobile revenue, expanding financial services, and scaling IOWN and AI-related infrastructure.

Toshihiko Nakamura did not give a long standalone financial review in the Q&A portion, but the prepared remarks showed the key financial metrics: operating revenues of JPY 3,617.7 billion, EBITDA of JPY 836.2 billion, operating profit of JPY 425.1 billion, and net profit of JPY 274.8 billion. Akitoshi Hattori added that NTT Group overseas revenue is roughly JPY 3 trillion per year and estimated that a JPY 1 move in the exchange rate at a JPY 150 to JPY 160 level would affect revenue by roughly JPY 20 billion, with profit about one-tenth of that. Management also said the S&P downgrade and funding conditions should have only a limited impact, and that the cost of the foreign-currency bonds would be moderate.

Analysts asked about DOCOMO Financial Group, the Kumamoto earthquake response, the effect of the S&P downgrade and foreign-currency bond issuance, mobile revenue trends, ecosystem differentiation versus competitors, deposit gathering for the new bank, semiconductor procurement, and exchange-rate sensitivity. Shimada said DOCOMO Financial Group is now a broader banking, securities, loan, and insurance platform, with rollout support expanding to about 1,000 shops by the end of the fiscal year. He also said the earthquake impact was contained because of rapid restoration, Japan roaming coordination, Starlink usage, and shared support among carriers, while reaffirming that the company is reviewing BCP measures and that FX and rates matter but are not a major operational issue.