Nippon Telegraph & Telephone (NTT) (NTTYY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for attending today despite your busy schedules. We would like to start the briefing session of NTD's FY24 financial results and a financial forecast for fiscal year 2025. I am Hanaki from the IR office and will be the facilitator for today. At first, I will introduce today's attending members. Shimada, representative member of the board, president and CEO. Hiroi, representative member of the board, senior executive VP, CFO. Nakamura, senior VP, head of finance and accounting. Hattori, senior VP, head of corporate strategy. Today's briefing session will be streamed live. We are planning to stream this on our website at a later date, so we seek your understanding beforehand. As for the materials used today, please refer to presentation material posted on our company IR website. On the first page of the materials are items to be noted, so we kindly ask you to read through them as well. At first, President Zio Shimada will explain the overview of our financial results, followed by receiving your questions. Without further ado, Mr. Shimada, please. Thank you for your attendance. I'd like to provide you with explanations about the financial results for fiscal year 2024 as well as financial forecasts for fiscal year 2025. Please turn to page four. This shows you the consolidated results highlights for fiscal year 2024. Operating revenue increased, operating profit and profit decreased. Operating revenues reached new record high levels. Opera revenue increased 330.2 billion yen year-on-year and reached 13,704.7 billion yen due to increasing revenue at Entity Data Group as well as smart life business at Docomo. Of this increase, impact of foreign exchange was approximately 140 billion yen. As for profit, despite increase in profit at NTT Data Group and al...