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THE TOTAL NUMBER OF PAGES CONTAINED IN THIS DOCUMENT IS 5
FORM 6-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May 1999
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
(Translation of registrant's name into English)
19-2, NISHI-SHINJUKU 3-CHOME
SHINJUKU-KU, TOKYO 163-19, JAPAN
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
82-___________.
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2
ANNOUNCEMENT OF SUBMISSION OF AMENDED BUSINESS OPERATION PLAN
On May 26, 1999, the registrant submitted to the Minister of Posts and
Telecommunications for its approval its amended business operation plan for the
fiscal year ending March 31, 2000. Attached is a copy of a press release dated
May 26, 1999 pertaining to the submission of the amended business plan. The
business operation plan was prepared on the basis of accounting principles
generally accepted in Japan and, accordingly, will not be directly comparable to
the financial information to be included in the registrant's Annual Report on
Form 20-F for the fiscal year ended March 31, 1999, which information will be
prepared on the basis of accounting principles generally accepted in the United
States.
The business operation plan for the fiscal year ending March 31, 2000
included in the attachment contain forward-looking statements. The registrant
desires to qualify for the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, and consequently is hereby filing cautionary
statements identifying important factors that could cause the registrant's
actual results to differ materially from those set forth in the attachment.
The registrant's business operation plan is based on a series of
projections and estimates regarding the economy and the telecommunications
industry in Japan in general. The projections and estimates regarding the
telecommunications industry may be affected by the pricing of services, the
effects of competition, and the success of new products, services and new
business.
No assurance can be given that the registrant's actual results will
not vary significantly from the projected plan.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
NIPPON TELEGRAPH AND TELEPHONE
CORPORATION
By /s/ Kazuto Tsubouchi
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Name: Kazuto Tsubouchi
Title: Senior Manager
Department V
NTT-Holding Provisional
Headquarters
Date: May 26, 1999
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[LETTERHEAD OF NIPPON TELEGRAPH AND TELEPHONE CORPORATION APPEARS HERE]
May 26, 1999
FOR IMMEDIATE RELEASE
NTT ANNOUNCES CONCLUSION OF
BUSINESS TRANSFER AGREEMENTS REGARDING ITS REORGANIZATION
Nippon Telegraph and Telephone Corporation (NTT) at a meeting of its board of
directors today decided to transfer its business activities to three
newly-formed organizations and will conclude business transfer agreements on May
28, 1999.
The agreements are designed to realize NTT's corporate reorganization based on
the law to amend the part of Nippon Telegraph and Telephone Corporation Law (Law
No. 98 of 1997).
After the agreements, the transfer of NTT's business activities will be
discussed at its fourteenth Ordinary General, Meeting of Shareholders on June
29, 1999 and the transfer will be implemented on July 1, 1999.
Specifically, NTT's business activities will be transferred to the following
wholly owned companies: NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION, NIPPON
TELEGRAPH AND TELEPHONE WEST CORPORATION and NTT Communications Corporation.
Details of the three companies are as follows:
NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION:
Operations: NTT-East Provisional Headquarters' intra-prefectural
communications and related services each in Hokkaido, Tohoku,
Kanto, Tokyo and Shinetsu regions
Establishment: July 1, 1999 (scheduled)
Address: 19-2, Nishi-Shinjuku 3 chome, Shinjuku-ku, Tokyo (scheduled)
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NIPPON TELEGRAPH AND TELEPHONE WEST CORPORATION:
Operations: NTT-West Provisional Headquarters' intra-prefectural
communications and related services each in Tokai, Hokuriku,
Kansai, Chugoku, Shikoku and Kyushu regions
Establishment: July 1, 1999 (scheduled)
Address: 3-15, Banba-cho, Chuo-ku, Osaka-shi, Osaka (scheduled)
NTT Communications Corporation:
Operations: NTT-Long Distance and International Provisional
Headquarters' inter-prefectural communications, multimedia
network and related services
Establishment: May 28, 1999 (scheduled)
Address: 1-6, Uchisaiwai-cho 1 chome, Chiyoda-ku, Tokyo (scheduled)
# # #
For further information, please contact:
Tomoyoshi Kosugi or Kenya Nakatsuka
NTT Public Relations
Telephone: (03) 3509-3101
e-mail: [email protected]
