13 February 2018
| Natalie Bannerman
NTT Communications has released its financial results for the nine months ended 31 December 2017.
For the nine month period NTT
reported an increase of 2.9% in its non-consolidated total
operating revenues for the same period last year, with cloud
computing platforms showing as the biggest area of growth. As
for its total operating revenues for the entire NTT
Communications Group, an increase of 3.3% was reported
The company has also increased its non-consolidated income
by 14.3% compared to the same period last year. The total
operating income for the entire NTT Communications Group fell
by 18.5% which is likely due to the increase in operating
expenses with grew by 6.1%.
Looking at the company’s balance sheet, the
amount of fixed assets for its telecommunications businesses
fell by 1.6%, whereas assets for its total investments and
other assets this rose by 6.88% meaning that its total current
assets fell by 7.4%.
The company’s total liabilities increased 3.5%
to 562,256 million yen, interestingly while long term
liabilities increased the short term ones decreased. Net assets
also fell for the period by 1.2%.
Include in the report is the financial forecast for the year
ending 31 March 2018. In the new forecast, operating revenue is
set at 1,330 billion yen for NTT Communications Group and 940
billion yen for NTT Communications. Operation income has been
predicted at 135 billion yen for the NTT Communications Group
and 110 billion yen for NTT Communications, up from the 93
billion that was previously predicted in May 2017. Similarly
recurring profit was also increased from 103 to 120 billion yen
and net profit was raised from 73 to 85 billion yen, for NTT
In related news, NTT was recently awarded Microsoft Gold Cloud
Platform accreditation for its managed services expertise in
the cloud. The company said that the accolade underscored
its "unique capabilities in delivering on managed cloud".
NTT Communications Group,
Microsoft Gold Cloud Platform