NTT (9432) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 FY2025 reached a record high of ¥3,262.0 billion, up 0.7% year-over-year, despite a negative FX impact of about ¥50 billion.

• Operating profit declined 7.0% year-over-year to ¥405.2 billion, and net profit fell 5.3% to ¥259.7 billion, mainly due to increased costs in the mobile business and customer base strengthening measures.

• EBITDA was ¥801.4 billion, down 1.7% year-over-year.

• Performance is progressing as planned, with cost reductions and enterprise business expansion supporting results.

• Key strategic initiatives included the launch of an upgraded Japanese LLM, listing of NTT DC REIT in Singapore, and progress in IOWN technology deployment.

Financial highlights

• Operating revenues: ¥3,262.0 billion (+¥22.0 billion, +0.7% year-over-year).

• EBITDA: ¥801.4 billion (−¥13.9 billion, −1.7% year-over-year).

• Operating profit: ¥405.2 billion (−¥30.6 billion, −7.0% year-over-year).

• Net profit: ¥259.7 billion (−¥14.4 billion, −5.3% year-over-year).

• Basic earnings per share for the quarter were ¥3.14, down from ¥3.26 in the prior year.

Segment performance

• Integrated ICT Business: Revenue up year-over-year from Smart Life and enterprise, but profit down due to higher marketing and network quality costs; segment profit at ¥239,682 million.

• Global Solutions Business: Revenue and profit flat year-over-year, with positive domestic DX demand offset by FX losses; segment profit at ¥57,786 million.

• Regional Communications Business: Revenue and profit up, driven by fiber optic and enterprise business; segment profit rose to ¥97,909 million.

• Urban Solutions: Data center engineering growth led to higher revenue and profit.

• Others (Real Estate, Energy, etc.): Segment profit at ¥18,081 million.