Nippon Telegraph & Telephone (NTT) (NTTYY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for attending despite your busy schedule today. We now like to start briefing session for NTT Inc's first quarter financial results of FY2025. I am Akaishi from IR office serving as the moderator today. Thank you very much for your cooperation. First, I'd like to introduce today's attendees. Representative member of the board, Senior Executive Vice President Hiroi, Senior Vice President, Head of Finance and Accounting, Nakamura. Senior Vice President, Head of Corporate Strategy Planning, Hattori. These are the attendees from our side. Today's briefing is audio streamed live. It will be available on demand on the website at a later date. Your understanding is very much appreciated. I would invite you to refer to the presentation material posted on our IR site for this briefing. Also, may we ask you to kindly read disclaimer on the first page of the material. First, we'll see Executive Vice President Hiroi. We'll explain the overview of the financial results, and then we will take your questions. Well, Mr. Hiroi, please. This is Hiroi speaking. Thank you very much for attending our briefing session despite your busy schedules. So I would like to explain FY2025 first quarter financial results overview. As for the results, overall operating revenues increased and operating profit declined year on year. Operating revenues for the first quarter reached new record high levels. As for the revenues, though there was an approximately 50 billion yen decline from the FX rate impact, Due to the revenue increase from the enterprise business expansion at each group company, the operating revenue was 3,262,000,000,000 yen, up by 22,000,000,000 yen year on year. As for the operating profit, though entity east and west increased, at Yokomo, in addition to the decli...