RNS Number:2348M
Nippon Telegraph and Telephone Corp
12 May 2005
Part 3
May 12, 2005
Nippon Telegraph and Telephone Corporation
Supplementary data
Annual Results for
Fiscal Year Ended March 31, 2005
Contents
pages
------
1. Number of Subscribers 1
2. Number of Employees 2
3. Capital Investment 2
4. Financial Results and Projections 3-5
5. Average Monthly Revenue per Unit (ARPU) 6
6. Interest Bearing Liabilities (Consolidated) 7
7. Indices (Consolidated) 7
The forecasts included herein are forward-looking statements about the future
performance of NTT which are based on the assumptions, estimates, judgments,
projections and beliefs of the management of NTT in light of the information
currently available to it. The projected numbers in this release were derived
using certain assumptions that are indispensable for making projections in
addition to facts that have been ascertained in the past and recognized
accurately. Risks and uncertainties inherent in future projections, NTT's future
business operations, the state of the economy in Japan and abroad,
possible fluctuations in the securities markets and other changes in
circumstances could cause NTT's actual results to differ materially from
the projected figures. The projected figures included herein (including revenue
and cost details) are provided for the reference of investors. NTT group makes
no representation or warranty as to the accuracy or completeness of these
figures.
--------------------------------------------------------------------------------
1. Number of Subscribers
(thousands)
A B C
As of As of As of
Mar. Mar. 31, 2005
31, ---------------- Mar. 31, 2006
2004 (Forecast)
------ ------------------------
Change Change
B-A C-B
------ -----------
Telephone Subscriber Line 50,938 50,321 (617 ) 46,148 (4,173 )
NTT East 25,264 24,925 (339 ) 22,664 (2,261 )
NTT West 25,674 25,396 (278 ) 23,484 (1,912 )
INS-Net 9,135 8,467 (667 ) 7,354 (1,113 )
NTT East 4,756 4,425 (331 ) 3,845 (581 )
NTT West 4,378 4,042 (337 ) 3,509 (532 )
INS-Net 64 8,554 7,885 (668 ) 6,802 (1,083 )
NTT East 4,391 4,056 (335 ) 3,498 (559 )
NTT West 4,162 3,829 (334 ) 3,305 (524 )
INS-Net 1500 58 58 0 55 (3 )
NTT East 36 37 0 35 (2 )
NTT West 22 21 (0 ) 20 (1 )
Telephone Subscriber Line + INS-Net 60,072 58,788 (1,284 ) 53,502 (5,286 )
NTT East 30,020 29,350 (670 ) 26,509 (2,841 )
NTT West 30,053 29,438 (615 ) 26,994 (2,445 )
FLET'S ISDN 980 769 (211 ) 536 (233 )
NTT East 514 413 (101 ) 263 (150 )
NTT West 466 356 (110 ) 273 (83 )
FLET'S ADSL 4,089 5,208 1,119 5,808 600
NTT East 2,283 2,833 551 3,033 200
NTT West 1,806 2,374 568 2,774 400
B FLET'S 840 1,665 824 3,465 1,800
NTT East 426 885 459 1,885 1,000
NTT West 414 779 365 1,579 800
Optical IP Phone Services 1 4 3 1,600 1,597
NTT East 1 4 3 1,000 997
NTT West 0 0 0 600 600
Conventional Leased Circuit 514 464 (50 ) 376 (87 )
NTT East 267 240 (26 ) 203 (38 )
NTT West 247 223 (24 ) 174 (49 )
High Speed Digital 462 386 (76 ) 273 (113 )
NTT East 249 211 (38 ) 169 (42 )
NTT West 213 175 (38 ) 104 (71 )
NTT Group Major ISPs 5,977 6,882 905 7,500 618
OCN* 4,118 4,640 522 5,000 360
Plala* 1,560 1,930 370 2,200 270
Cellular 46,328 48,825 2,497 50,700 1,875
FOMA* 3,045 11,501 8,456 24,100 12,599
i-mode 41,077 44,021 2,944 46,200 2,179
FOMA* 2,997 11,353 8,356 - -
PHS 1,592 1,314 (278 ) 800 (514 )
Notes : 1 No. of Telephone Subscriber Lines is the total of individual lines and
central station lines (Subscriber Telephone Light Plan is included).
2 In terms of No. of channels, transmission rate, and line use rate
(base rate), INS-Net 1500 is in all cases roughly ten times greater
than INS-Net 64. For this reason, one INS-Net 1500 subscription is
calculated as ten INS-Net 64 subscriptions.
3 No. of B FLET'S includes FLET's Hikari Premium provided by NTT West.
4 No. of Optical IP Phone Services is calculated by No. of thousand
channels.
5 NTT Group Major ISPs include WAKWAK, InfoSphere and Dreamnet, aside
from OCN and Plala.
6 Due to revisions in the counting method for Plala, the actual number
of NTT Group's major ISPs and Plala users as of Mar. 31, 2004 has been
revised from 6,167 thousand for NTT Group's major ISPs and 1,750
thousands for Plala. The revised numbers of NTT Group's major ISPs as
of Jun. 30, 2004, Sept. 30, 2004, and Dec. 31, 2004 are 6,189
thousands, 6,413 thousands, and 6,658 thousands, and those of Plala
are 1,630 thousands, 1,750 thousands, and 1,840 thousands.
7 No. of DoPa single service subscribers, which had not been included in
previous reports, has been included in the No. of mova subscribers
from the results as of Sept. 30, 2004 in order to standardize the
definition of subscribers used by all of the mobile operators in
Japan. Relevant item as of Mar. 31, 2004 has been modified by adding
DoPa single service subscribers to the previously announced Numbers.
DoPa single service subscribers are 401 thousand as of Mar. 31, 2004,
544 thousand as of Mar. 31, 2005, and 730 thousand as of Mar. 31, 2006
(Forecast).
* Partial listing only.
-1-
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2. Number of Employees
A B C
As of As of As of
Mar. Mar. 31, 2005 Mar. 31, 2006
31, ---------------- (Forecast)
2004 ----------------
-------
Change Change
B-A C-B
------ ------
NTT Consolidated 205,300 201,500 (3,800 ) 198,650 (2,850 )
Core Group Companies
NTT (Holding) 3,050 2,800 (250 ) 2,750 (50 )
NTT East 14,900 14,200 (700 ) 13,850 (350 )
NTT West 13,750 12,850 (900 ) 12,300 (550 )
NTT Communications 7,700 7,700 0 7,650 (50 )
NTT DATA (Consolidated) 17,400 18,700 1,300 19,250 550
NTT DoCoMo (Consolidated) 21,250 21,550 300 21,650 100
(Reference) "Outsourcing Companies"
East Outsourcing Companies 48,300 46,050 (2,250 ) 44,600 (1,450 )
West Outsourcing Companies 52,550 50,650 (1,900 ) 48,650 (2,000 )
Notes : 1 Figures for NTT Consolidated do not include the No. of employees who
retired / are retiring at the end of fiscal year and rehired / are
being rehired at the beginning of next fiscal year.
2 Figures for East Outsourcing Companies and West Outsourcing Companies
include figures for companies in the facilities and equipment field,
management and marketing field and administrative field. Figures for
those companies include the No. of employees who retired at the end of
fiscal year and rehired at the beginning of next fiscal year, as
described below:
- As of Mar. 31, 2004 (East Outsourcing Companies : 3,100
employees, West Outsourcing Companies : 3,300 employees)
- As of Mar. 31, 2005 (East Outsourcing Companies : 2,550
employees, West Outsourcing Companies : 2,600 employees)
- As of Mar. 31, 2006 (Forecast) (East Outsourcing Companies :
2,450 employees, West Outsourcing Companies : 2,350 employees)
3. Capital Investment
(billions of yen)
A B C
Year Year Ended Year Ending Mar. 31,
Ended Mar. 31, 2005 2006
Mar. --------------------
31, (Forecast)
2004 --------------------
-------
Change Change
B-A C-B
------ ------
NTT Consolidated 2,013.6 2,057.4 43.8 2,050.0 (7.4 )
Subsidiaries
NTT (Holding) 18.9 22.7 3.7 21.0 (1.7 )
NTT East 377.8 399.1 21.3 400.0 0.9
NTT West 397.6 397.8 0.2 380.0 (17.8 )
NTT Communications 124.8 143.6 18.7 160.0 16.4
NTT DATA (Consolidated) 148.9 110.8 (38.1 ) 105.0 (5.8 )
NTT DoCoMo (Consolidated) 805.5 861.5 56.0 848.0 (13.5 )
Details of Capital Investment
NTT (Holding) 18.9 22.7 3.7 21.0 (1.7 )
R&D Facilities 11.8 16.3 4.5 15.0 (1.3 )
Joint Facilities, etc. 7.1 6.3 (0.7 ) 6.0 (0.3 )
NTT East 377.8 399.1 21.3 400.0 0.9
Expansion and Improvement 337.7 363.4 25.6 378.0 14.6
Voice Transmission 236.8 244.1 7.2 242.0 (2.1 )
Data Transmission 41.3 46.2 4.9 45.0 (1.2 )
Leased Circuit 59.2 71.8 12.5 90.0 18.2
Telegraph 0.2 1.1 0.9 1.0 (0.1 )
R&D Facilities 3.9 4.6 0.7 4.0 (0.6 )
Joint Facilities, etc. 36.1 31.0 (5.0 ) 18.0 (13.0 )
NTT West 397.6 397.8 0.2 380.0 (17.8 )
Expansion and Improvement 381.4 379.5 (1.8 ) 367.0 (12.5 )
Voice Transmission 290.2 277.9 (12.2 ) 237.0 (40.9 )
Data Transmission 22.5 33.2 10.7 44.0 10.8
Leased Circuit 68.5 67.4 (1.1 ) 85.0 17.6
Telegraph 0.1 0.9 0.8 1.0 0.1
R&D Facilities 3.1 2.1 (0.9 ) 3.0 0.9
Joint Facilities, etc. 13.0 16.1 3.1 10.0 (6.1 )
NTT Communications 124.8 143.6 18.7 160.0 16.4
Expansion and Improvement 74.9 78.9 4.0 75.0 (3.9 )
Voice Transmission 51.3 60.7 9.3 55.0 (5.7 )
Data Transmission 17.2 11.3 (5.8 ) 17.0 5.7
Leased Circuit 6.3 6.8 0.4 3.0 (3.8 )
R&D Facilities 14.6 23.5 8.8 50.0 26.5
Joint Facilities, etc. 35.2 41.1 5.8 35.0 (6.1 )
Optical Access Network Investment
NTT East 125.0 143.0 18.0 Approx. 27.0
170.0
coverage rate (%) 81 % 84 % 85 %
NTT West 208.0 140.0 (68.0 ) Approx. 20.0
160.0
coverage rate (%) 80 % 83 % 84 %
Notes : 1 Figures for NTT East and NTT West include figures for Optical Access
Network Investment.
2 Figures for capital investment of NTT consolidated and NTT DoCoMo
(consolidated) are the accrual-based amounts required for acquisition
of fixed assets and intangibles. The differences from the figures for
"Payments for property, plant and equipment" and "Acquisition of
intangibles and other assets" in the consolidated statements of cash
flows are as described in page 7, reconciliation.
-2-
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4. Financial Results and Projections (NTT Consolidated, NTT (Holding))
(billions of yen)
A B C
Year Year Ended Year Ending
Ended Mar. 31, 2005 Mar. 31, 2006
Mar. 31, ----------------- (Forecast)
2004 ---------------------
---------
Change Change
B-A C-B
------ ---------
NTT Consolidated (US GAAP)
Operating Revenues 11,095.5 10,805.9 (289.7 ) 10,590.0 (215.9 )
Fixed Voice Related Services 3,882.2 3,578.1 (304.1 ) - -
Mobile Voice Related Services 3,393.9 3,216.1 (177.8 ) - -
IP/Packet Communications Services 1,639.6 1,772.7 133.1 - -
Sales of Telecommunications Equipment 713.4 688.1 (25.3 ) - -
Systems Integration 863.0 910.3 47.3 - -
Other Services 603.5 640.6 37.1 - -
Operating Expenses 9,535.2 9,594.7 59.5 9,540.0 (54.7 )
Cost of Sevices (exclusive of items shown separately 2,378.3 2,349.2 (29.1 ) - -
below)
Cost of equipment sold (exclusive of items shown 1,245.0 1,260.3 15.2 - -
separately below)
Cost of systems integration (exclusive of items shown 522.8 592.0 69.3 - -
separately below)
Depreciation and amortization 2,197.1 2,141.7 (55.3 ) - -
Impairment loss - 44.3 44.3 - -
Selling, general and administrative expenses 3,192.1 3,207.2 15.1 - -
Operating Income 1,560.3 1,211.2 (349.1 ) 1,050.0 (161.2 )
Income before Income Taxes 1,527.3 1,723.3 196.0 1,080.0 (643.3 )
Net Income 643.9 710.2 66.3 440.0 (270.2 )
(Ref.) Details of "Cost of services," "Cost of equipment
sold," "Cost of systems integration" and "Selling, general
and administrative expenses"
Personnel 2,114.0 2,025.6 (88.4 ) - -
Cost of services and equipment sold, and selling, general 4,780.5 4,926.7 146.2 - -
and administrative expenses
Loss on disposal of property, plant and equipment 219.9 230.2 10.3 - -
Other expenses 223.8 226.1 2.4 - -
Total 7,338.2 7,408.6 70.5 - -
NTT (Holding) (JPN GAAP)
Operating Revenues 258.1 323.2 65.1 340.0 16.7
Operating Expenses 186.2 179.5 (6.6 ) 169.0 (10.5 )
Operating Income 71.8 143.7 71.8 171.0 27.2
Non-Operating Revenues 74.2 69.4 (4.7 ) 64.0 (5.4 )
Non-Operating Expenses 67.4 61.4 (5.9 ) 58.0 (3.4 )
Recurring Profit 78.6 151.7 73.0 177.0 25.2
Net Income 240.3 455.6 215.3 174.0 (281.6 )
-3-
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4. Financial Results and Projections (NTT East, NTT West)
(billions of yen)
A B C
Year Year Ended Year Ending
Ended Mar. 31, 2005 Mar. 31, 2006
Mar. -----------------
31, (Forecast)
2004 -----------------
-------
2004 Change Change
------- B-A C-B
------ ------
NTT East (JPN GAAP)
Operating Revenues 2,267.1 2,180.9 (86.2 ) 2,012.0 (168.9 )
Voice Transmission Services (excluding IP) 1,506.9 1,401.4 (105.5 ) 1,208.0 (193.4 )
IP Services 151.3 211.3 60.0 295.0 83.6
Leased Circuit (excluding IP) 246.9 208.7 (38.2 ) 158.0 (50.7 )
Telegraph 30.9 27.2 (3.7 ) 25.0 (2.2 )
Others 166.5 175.9 9.3 326.0 (6.2 )
Related Business 164.3 156.2 (8.0 )
Operating Expenses 2,180.7 2,093.1 (87.5 ) 1,997.0 (96.1 )
Personnel 234.3 206.5 (27.8 ) 195.0 (11.5 )
Cost of services and equipment sold, and selling, general and 1,343.5 1,275.3 (68.1 ) 1,250.0 (25.3 )
administrative expenses
Depreciation and amortization 458.8 469.8 11.0 427.0 (42.8 )
Loss on disposal of property, plant and equipment 68.4 63.7 (4.6 ) 50.0 (13.7 )
Taxes and public dues 75.6 77.6 1.9 75.0 (2.6 )
Operating Income 86.4 87.7 1.3 15.0 (72.7 )
Non-Operating Revenues 61.2 61.0 (0.2 ) 54.0 (7.0 )
Non-Operating Expenses 49.8 51.1 1.2 44.0 (7.1 )
Recurring Profit 97.8 97.6 (0.2 ) 25.0 (72.6 )
Net Income 57.9 58.1 0.1 15.0 (43.1 )
NTT West (JPN GAAP)
Operating Revenues 2,166.8 2,098.0 (68.8 ) 1,966.0 (132.0 )
Voice Transmission Services (excluding IP) 1,465.8 1,369.1 (96.6 ) 1,213.0 (156.1 )
IP Services 127.2 180.3 53.0 248.0 67.6
Leased Circuit (excluding IP) 206.0 174.3 (31.6 ) 151.0 (23.3 )
Telegraph 33.4 31.1 (2.2 ) 28.0 (3.1 )
Others 165.2 165.9 0.6 326.0 (16.9 )
Related Business 169.0 177.0 8.0
Operating Expenses 2,080.1 2,027.8 (52.2 ) 1,962.0 (65.8 )
Personnel 226.6 195.1 (31.5 ) 182.0 (13.1 )
Cost of services and equipment sold, and selling, general and 1,270.7 1,277.6 6.9 1,244.0 (33.6 )
administrative expenses
Depreciation and amortization 453.4 425.8 (27.6 ) 408.0 (17.8 )
Loss on disposal of property, plant and equipment 57.0 56.1 (0.9 ) 55.0 (1.1 )
Taxes and public dues 72.1 73.0 0.9 73.0 (0.0 )
Operating Income 86.6 70.1 (16.5 ) 4.0 (66.1 )
Non-Operating Revenues 54.9 56.0 1.1 51.0 (5.0 )
Non-Operating Expenses 51.0 46.1 (4.9 ) 40.0 (6.1 )
Recurring Profit 90.5 80.0 (10.4 ) 15.0 (65.0 )
Net Income 61.5 41.0 (20.4 ) 9.0 (32.0 )
Notes: Operating Revenues from Voice Transmission Services of NTT East and
NTT West for the fiscal year ended Mar. 31, 2005 include Monthly
Charges, Call Rates and Interconnection Rates of 903.6 billion yen,
190.4 billion yen and 215.1 billion yen, and 872.8 billion yen, 198.7
billion yen and 209.5 billion yen, respectively.
-4-
--------------------------------------------------------------------------------
4. Financial Results and Projections (NTT Communications, NTT Data, NTT DoCoMo)
(billions of yen)
A B C
Year Year Ended Year Ending
Ended Mar. 31, 2005 Mar. 31, 2006
Mar. 31, ------------------ (Forecast)
2004 --------------------
---------
2004 Change Change
--------- B-A C-B
------ ------
NTT Communications (JPN GAAP)
Operating Revenues 1,106.6 1,090.0 (16.5 ) 1,081.0 (9.0 )
Voice Transmission Services (excluding IP) 467.3 440.6 (26.7 ) 407.0 (33.6 )
IP Services 223.7 278.3 54.5 333.0 54.6
Data Transmission Services (excluding IP) 267.0 212.7 (54.2 ) 164.0 (48.7 )
Leased Circuit* 168.4 135.6 (32.8 ) 105.0 (30.6 )
Solutions Business 117.2 125.8 8.6 177.0 18.6
Others 31.1 32.5 1.3
Operating Expenses 990.3 1,020.1 29.8 1,023.0 2.8
Personnel 86.7 86.5 (0.1 ) 87.0 0.4
Cost of services and equipment sold, and selling, general 493.6 514.3 20.7 785.0 1.4
and administrative expenses
Communication Network Charges 261.5 269.2 7.7
Depreciation and amortization 117.6 120.2 2.6 125.0 4.7
Loss on disposal of property, plant and equipment 19.5 17.7 (1.8 ) 13.0 (4.7 )
Taxes and public dues 11.3 12.0 0.6 13.0 0.9
Operating Income 116.2 69.8 (46.3 ) 58.0 (11.8 )
Non-Operating Revenues 26.5 26.1 (0.3 ) 24.0 (2.1 )
Non-Operating Expenses 29.7 28.0 (1.6 ) 22.0 (6.0 )
Recurring Profit 113.0 67.9 (45.0 ) 60.0 (7.9 )
Net Income 24.1 24.6 0.4 34.0 9.3
(Ref.) Major Revenues of Services
Voice Transmission Services 482.6 448.9 (33.6 ) 425.0 (23.9 )
Data Transmission Services 309.1 347.1 37.9 373.0 25.8
Leased Circuit 168.4 135.6 (32.8 ) 105.0 (30.6 )
Others 9.8 36.7 26.8 178.0 19.7
Related Business 136.4 121.6 (14.8 )
NTT Data Consolidated (JPN GAAP)
Operating Revenues 846.7 854.1 7.4 880.0 25.9
Systems Integration Business 685.4 689.8 4.3 706.0 16.2
Network System Business 57.7 56.6 (1.1 ) 60.0 3.4
Others 177.7 186.5 8.7 193.0 6.5
Elimination or corporate (74.2 ) (78.8 ) (4.5 ) (79.0 ) (0.2 )
Cost of Sales 637.9 648.3 10.4 665.0 16.7
Gross Profit 208.7 205.7 (3.0 ) 215.0 9.3
Selling and General Expense 149.0 166.4 17.4 170.0 3.6
Operating Income 59.7 39.2 (20.4 ) 45.0 5.8
Non-Operating Income (loss) (10.0 ) (7.1 ) 2.9 (4.0 ) 3.1
Recurring Profit 49.6 32.1 (17.4 ) 41.0 8.9
Net Income 26.9 20.1 (6.8 ) 27.0 6.9
NTT DoCoMo Consolidated (US GAAP)
Operating Revenues 5,048.1 4,844.6 (203.5 ) 4,805.0 (39.6 )
Wireless Services 4,487.9 4,296.5 (191.4 ) 4,194.0 (102.5 )
Cellular Services* 4,329.8 4,132.3 (197.5 ) 4,040.0 (92.3 )
Voice 3,259.5 3,071.7 (187.9 ) 2,984.0 (87.7 )
FOMA* 103.1 514.7 411.7 1,189.0 674.3
Packet Communications 1,070.2 1,060.6 (9.7 ) 1,056.0 (4.6 )
FOMA* 49.9 260.7 210.7 594.0 333.3
PHS* 70.4 60.3 (10.1 ) 41.0 (19.3 )
Quickcast* 5.8 4.4 (1.3 ) 3.0 (1.4 )
Equipment sales 560.2 548.1 (12.1 ) 611.0 62.9
Operating Expenses 3,945.1 4,060.4 115.3 3,995.0 (65.4 )
Personnel 248.4 251.4 3.0 251.0 (0.4 )
Cost of services and equipment sold, and selling, general 2,508.8 2,539.2 30.5 2,550.0 10.8
and administrative expenses
Depreciation and amortization 721.0 735.4 14.4 740.0 4.6
Impairment loss - 60.4 60.4 - (60.4 )
Loss on disposal of property, plant and equipment 43.9 65.5 21.6 43.0 (22.5 )
Communication Network Charges 387.7 372.4 (15.3 ) 374.0 1.6
Taxes and public dues 35.4 36.1 0.7 37.0 0.9
Operating Income 1,102.9 784.2 (318.8 ) 810.0 25.8
Non-Operating Income (loss) (1.8 ) 504.1 505.9 64.0 (440.1 )
Income before Tax 1,101.1 1,288.2 187.1 874.0 (414.2 )
Net Income 650.0 747.6 97.6 533.0 (214.6 )
Note: Operating Revenues of NTT Communications for the fiscal year ended
Mar. 31, 2005 include revenues from telephone subscriber lines (249.6
billion yen) for Voice Transmission (excluding IP), revenues from OCN
(133.4 billion yen), IP-VPN (63.1 billion yen) and e-VLAN (35.0
billion yen) for IP Services, revenues from Frame Relay / Cell Relay
(31.6 billion yen) for Data Transmission, and revenues from
conventional leased circuits (13.0 billion yen) and high-speed digital
(65.5 billion yen) for Leased Circuit.
* Partial listing only.
-5-
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5. Average monthly revenue per unit (ARPU)
Average monthly revenue per unit, or ARPU, is used to measure average monthly
operating revenues attributable to designated services on a per user basis. In
the case of our fixed line business, ARPU is calculated by dividing revenue
items in the operating revenues of our Regional Communications Services, that
is, subscriber lines services and ISDN, by the No. of active subscribers to the
relevant services. In the case of our cellular business, ARPU is calculated by
dividing revenue items included in the operating revenues from our Wireless
Services, such as revenues from Cellular (mova) services and revenues from
Cellular (FOMA) services, which are incurred consistently each month (i.e.,
monthly charges and voice/packet transmission charges), by the No. of active
subscribers to the relevant services (the calculation of these figures excludes
revenues that are not representative of monthly average usage such as equipment
sales and activation fees). We believe that our ARPU figures calculated in this
way provide useful information regarding the monthly average usage of our
subscribers. The revenue items included in the numerators of our ARPU figures
are based on our financial results comprising our U.S. GAAP results of
operations.
(yen)
Year 4th Year Year
Ended Quarter Ended Ending
March Ended March March 31,
31, Mar. 31, 2006
2004 31, 2005
------ 2005 ----- (Forecast)
(From ----------
Jan. to
Mar.,
2005)
-------
NTT East
Telephone Subscriber Lines ARPU 2,990 2,730 2,920 2,690
ISDN Subscriber Lines ARPU 5,750 5,370 5,510 5,260
NTT West
Telephone Subscriber Lines ARPU 2,900 2,660 2,830 2,640
ISDN Subscriber Lines ARPU 5,730 5,320 5,480 5,160
NTT DoCoMo
Cellular Aggregate ARPU (FOMA+mova) 7,890 6,920 7,200 6,770
Voice ARPU (FOMA+mova) 5,920 5,090 5,330 4,990
Packet ARPU (FOMA+mova) 1,970 1,830 1,870 1,780
i-mode ARPU (FOMA+mova)* 1,970 1,820 1,870 1,770
ARPU generated purely from i-mode (FOMA+mova) 2,240 2,000 2,060 1,930
Cellular Aggregate ARPU (FOMA) 10,280 9,280 9,650 8,550
Voice ARPU (FOMA) 6,900 6,110 6,380 5,700
Packet ARPU (FOMA) 3,380 3,170 3,270 2,850
i-mode ARPU (FOMA)* 3,240 3,130 3,220 2,820
ARPU generated purely from i-mode (FOMA) 3,330 3,170 3,260 2,870
Cellular Aggregate ARPU (mova) 7,830 6,300 6,800 5,800
Voice ARPU (mova) 5,890 4,830 5,160 4,600
i-mode ARPU (mova) 1,940 1,470 1,640 1,200
ARPU generated purely from i-mode (mova) 2,200 1,660 1,850 1,360
Notes : 1 We separately compute ARPU for the fixed line business conducted by
each of NTT East and NTT West using two measures.
- ARPU from telephone subscriber lines services, which is based on
operating revenues from monthly charges, call charges and FLET'S
ADSL charges attributable to our telephone subscriber lines
services.
- ARPU from ISDN, which is based on operating revenues from monthly
charges, transmission/call charges and FLET'S ISDN charges
attributable to our ISDN.
2 Interconnection revenues are excluded in ARPU of Telephone Subscriber
Lines and ISDN Subscriber Lines.
3 In terms of No. of channels, transmission rate, and line use rate
(base rate), INS-Net 1500 is in all cases roughly ten times greater
than INS-Net 64. For this reason, one INS-Net 1500 subscription is
calculated as ten INS-Net 64 subscriptions.
4 We compute ARPU for our cellular business using two aggregate
measures.
- Cellular Aggregate ARPU (FOMA+mova) = Voice ARPU (FOMA+mova) +
Packet ARPU (FOMA+mova).
- Our Voice ARPU (FOMA+mova) is based on operating revenues related
to voice services, such as monthly charges and voice transmission
charges, attributable to our third generation FOMA and
conventional mova services, and our Packet ARPU (FOMA+mova) is
based on operating revenues related to packet communication
services, such as monthly charges and packet transmission
charges, attributable to our third generation FOMA services and
based on operating revenues related to i-mode services, such as
monthly charges and packet transmission charges, to our
conventional mova services. We also separately compute i-mode
ARPU (FOMA+mova), as a subcomponent of Packet ARPU (FOMA+mova).
In particular, i-mode ARPU (FOMA+mova) is based on operating
revenues from monthly charges and packet transmission charges
attributable to our i-mode-related FOMA and mova services.
- Cellular Aggregate ARPU (FOMA) = Voice ARPU (FOMA) + Packet ARPU
(FOMA).
- Our Voice ARPU (FOMA) is based on operating revenues related to
voice services, such as monthly charges and voice transmission
charges, and our Packet ARPU (FOMA) is based on operating
revenues related to packet communication services, such as
monthly charges and packet transmission charges, in each case
attributable to our third generation FOMA services. We also
separately compute i-mode ARPU (FOMA), as a subcomponent of
Packet ARPU (FOMA). In particular, i-mode ARPU (FOMA) is based on
operating revenues from monthly charges and packet transmission
charges attributable to our i-mode-related FOMA services.
- Cellular Aggregate ARPU (mova) = Cellular Voice ARPU (mova) +
i-mode ARPU (mova).
- Our Voice ARPU (mova) is based on operating revenues related to
voice services, such as monthly charges and voice transmission
charges, and our i-mode ARPU (mova) is based on operating
revenues related to i-mode services, such as monthly charges and
packet transmission charges, in each case attributable to our
conventional mova services.
5 We show ARPU for our i-mode using two aggregate measures.
- i-mode ARPU is based on the No. of all subscribers who have
active cellular phones, regardless of whether the i-mode service
is activated.
- ARPU generated purely from i-mode is based on the No. of active
subscribers to the i-mode service only.
6 International service-related revenues in cellular business, which had
not been included in previous reports, have been included in the
Cellular ARPU data calculation for the forecasts for the fiscal year
ending Mar. 31, 2006, due to its growing contribution to total
revenues. International service-related Cellular ARPU included in the
Cellular ARPU forecasts for the fiscal year ending Mar. 31, 2006, are
40 yen for Cellular Aggregate ARPU (FOMA+mova), 60 yen for Cellular
Aggregate ARPU (FOMA), and 30 yen for Cellular Aggregate ARPU (mova).
Cellular ARPU data in previous reports do not include International
service-related revenues, but Cellular Aggregate ARPU (FOMA+mova)
generated from International services for the relevant periods are 20
yen for the fiscal year ended Mar. 31, 2004, 20 yen for 1st quarter
ended Jun. 30, 2004, 20 yen for 2nd quarter ended Sept. 30, 2004, 30
yen for 3rd quarter ended Dec. 31, 2004, 30 yen for 4th quarter ended
Mar. 31, 2005, and 20 yen for the fiscal year ended Mar. 31, 2005.
7 No. of DoPa single service subscribers, which had not been included in
previous reports, has been included in the No. of mova subscribers
from the results for the first six months of the fiscal year ending
Mar. 31, 2005 in order to standardize the definition of subscribers
used by all the mobile operators in Japan. DoPa single service
subscribers and the revenues thereof are not included in the ARPU
calculations.
8 No. of active subscribers used in ARPU calculation are as below.
- FY Results & Forecast: Sum of No. of active subscribers**(as
defined below) for each month from Apr. to Mar.
- 4Q Results: Sum of No. of active subscribers**(as defined below)
for each month from Jan. to Mar.
** active subscribers = (No. of subscribers at end of previous
month + No. of subscriber at end of current month)/2
* Partial listing only.
-6-
--------------------------------------------------------------------------------
6. Interest-Bearing Liabilities (Consolidated)
(billions of yen)
As of Mar. 31, As of Mar. 31, As of Mar. 31,
2004 2005 2006
------------------ ------------------ (Forecast)
------------------
Interest-Bearing Liabilities 5,921.7 5,525.8 5,430.0
7. Indices (Consolidated)
Year Ended Year Ended Year Ending
Mar. 31, 2004 Mar. 31, 2005 Mar. 31, 2006
------------------ ------------------ (Forecast)
------------------
Operating Income 1,560.3 billion 1,211.2 billion 1,050.0 billion
yen yen yen
EBITDA Margin 35.5 % 32.8 % 30.9 %
Operating FCF 1,920.2 billion 1,482.2 billion 1,219.0 billion
yen yen yen
ROCE 7.3 % 5.8 % 5.0 %
Note : The reconciliation of Indices are as follows.
Year Ended Year Ended Year Ending
Mar. 31, 2004 Mar. 31, 2005 Mar. 31, 2006
------------------ ------------------ (Forecast)
------------------
EBITDA Margin ((c/d)X100) 35.5 % 32.8 % 30.9 %
a Operating Income 1,560.3 billion 1,211.2 billion 1,050.0 billion
yen yen yen
b Depreciation, Amortization, and Loss on disposal 2,373.5 billion 2,328.4 billion 2,219.0 billion
of property, plant and equipment yen yen yen
c EBITDA (a+b) 3,933.8 billion 3,539.6 billion 3,269.0 billion
yen yen yen
d Operating Revenues 11,095.5 billion 10,805.9 billion 10,590.0 billion
yen yen yen
Operating FCF ((c-d)) 1,920.2 billion 1,482.2 billion 1,219.0 billion
yen yen yen
a Operating Income 1,560.3 billion 1,211.2 billion 1,050.0 billion
yen yen yen
b Depreciation, Amortization, and Loss on disposal 2,373.5 billion 2,328.4 billion 2,219.0 billion
of property, plant and equipment yen yen yen
c EBITDA (a+b) 3,933.8 billion 3,539.6 billion 3,269.0 billion
yen yen yen
d Capital Investment 2,013.6 billion 2,057.4 billion 2,050.0 billion
yen yen yen
ROCE ((b/c)X100) 7.3 % 5.8 % 5.0 %
a Operating Income 1,560.3 billion 1,211.2 billion 1,050.0 billion
yen yen yen
(Normal Statutory Tax Rate) 42 % 41 % 41 %
b Operating Income X(1-Normal Statutory Tax Rate) 905.0 billion 715.7 billion 619.5 billion
yen yen yen
c Operating Capital Employed 12,324.0 billion 12,307.0 billion 12,421.7 billion
yen yen yen
Year (billons
Ended of yen)
Mar.
31, Year
2004 Ended
------- Mar. 31,
2005
--------
NTT Group Consolidated 2,013.6 2,057.4
Capital Investment
Payments for property, plant and equipment 1,765.7 1,611.0
Acquisition of intangibles and other assets 443.5 543.7
Other differences (195.6 ) (97.3 )
NTT DoCoMo Consolidated Capital Investment 805.5 861.5
Payments for property, plant and equipment 625.3 668.4
Acquisition of intangibles and other assets 177.6 242.7
Other differences 2.6 (49.6 )
-7-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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