<PAGE>
THE TOTAL NUMBER OF PAGES CONTAINED IN THIS DOCUMENT IS 9
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 ___
---
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
---
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
82-______________.
<PAGE>
2
ANNOUNCEMENT OF CLOSING OF AGREEMENTS FOR BUSINESS TRANSFER REGARDING
REORGANIZATION
On May 26, 1999, the registrant decided at a meeting of its board of
directors to transfer its business activities to three newly-formed
organizations, and to conclude business transfer agreements on May 28, 1999.
Attached is a copy of a press release dated May 26, 1999 pertaining to the
decision of the board of directors.
<PAGE>
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
---------------------------------
Name: Kazuto Tsubouchi
Title: Senior Manager
Department V
NTT-Holding Provisional
Headquarters
Date: May 26, 1999
<PAGE>
[LETTERHEAD OF NIPPON TELEGRAPH AND TELEPHONE CORPORATION APPEARS HERE]
May 26, 1999
FOR IMMEDIATE RELEASE
NTT Submits Amended Business Operation Plan for Fiscal Year Ending March
31, 2000 to Minister of Posts and Telecommunications for Approval
Nippon Telegraph and Telephone Corporation (NTT) announced today that it has
submitted to the Minister of Posts and Telecommunications for approval its
amended business operation plan for the fiscal year ending March 31, 2000. The
amendments to NTT's business operation plan were made necessary by the firm's
reorganization, which takes effect on July 1, 1999.
After the reorganization, NTT, as a holding company, will conduct R&D on
telecommunications technologies, which form the basis of telecommunications, and
provide necessary counseling and other support services to NTT-East Corporation
and NTT-West Corporation.
Major changes are as follows: Please see attachments
# # #
For further information, please contact:
Tomoyoshi Kosugi or Kenya Nakatsuka
NTT Public Relations
Telephone: (03) 3509-3101
e-mail: [email protected]
<PAGE>
Outline of NTT's Amended Business Operation Plan
for Fiscal Year Ending March 31, 2000
NTT will transfer its business activities to NTT-East Corporation, NTT-West
Corporation and NTT Communications Corporation as a result of its corporate
reorganization. Accordingly, NTT has amended its business operation plan for the
fiscal year ending March 31, 2000 and submitted this new plan to the Minister of
Posts and Telecommunications for approval.
NTT's existing organizational structure will be maintained until the end of
June, 1999. On July 1, 1999, NTT will commence business operations as a holding
company and, therefore, its construction plan and revenues and expenses plan
have been amended as follows:
Construction Plan (billions of yen)
- --------------------------------------------------------------------------------
Before Amendmemt After Amendment*
(one-company basis)
- --------------------------------------------------------------------------------
Expansion and Improvement of 1,215 260
Services
of which:
Voice transmission 1,098 234
- --------------------------------------------------------------------------------
R&D Facilities 117 67
- --------------------------------------------------------------------------------
Other Facilities 188 35
- --------------------------------------------------------------------------------
Total 1,520 362
- --------------------------------------------------------------------------------
Revenues and Expenses Plan (billions of yen)
- --------------------------------------------------------------------------------
Before Amendmemt After Amendment*
(one-company basis)
- --------------------------------------------------------------------------------
Revenues 6,116 1,827
Operating Revenues 6,013 1,701
of which:
Voice transmission revenues 4,423 1,092
Non-Operating Revenues 103 126
- --------------------------------------------------------------------------------
Expenses 5,900 1,734
Operating Expenses 5,796 1,636
of which:
Operating costs 4,209 1,228
Non-Operating Expenses 104 98
- --------------------------------------------------------------------------------
Recurring Profit 216 93
- --------------------------------------------------------------------------------
* After Amendment: Existing organizational structure to end in June. Holding
company from July 1.
<PAGE>
Attachment 1
Business Operation Plan for Fiscal Year Ending March 31, 2000
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
Services Unit Plan
-------------------------------------
Before After
Amendment Amendment
(annual) (April to June 1999)
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
VOICE TRANSMISSION SERVICES
Subscriber telephones
Additional installations thousand -2,300 -300
Relocations thousand 7,800 2,000
Social-welfare telephones (Silver phone series) thousand 1.9 0.5
IC card public telephones thousand 84 0
INS-Net digital services
INS-Net 64 subscriber lines thousand 1,720 420
circuits
INS-Net 1500 subscriber lines thousand 13 3
circuits
Number of service areas to be areas 3 3
expanded for INS-Net
DATA TRANSMISSION SERVICES
Packet exchange services
Packet exchange service (Type I) thousand -4 -1
circuits
Packet exchange service (Type II) thousand -6 -1
circuits
Facsimile communication network services thousand 117 30
circuits
Videotex communication services thousand -177 -44
circuits
Open Computer Network services
Type I Open Computer Network service thousand 22 6
circuits
Type II Open Computer Network service thousand 395 84
circuits
LEASED CIRCUIT SERVICES
Conventional leased circuits thousand -85 -21
circuits
High-speed digital transmission circuits thousand 52 13
circuits
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Attachment 2
Construction Plan for Fiscal Year Ending March 31, 2000
(billions of yen)
- --------------------------------------------------------------------------------
Item Estimated Expenses
------------------------------------
Before Amendment After Amendment
- --------------------------------------------------------------------------------
1. Expansion and Improvement 1,215 260*
of Services
(1) Voice transmission 1,098 234
(2) Data transmission 26 4
(3) Leased circuits 89 22
(4) Telegraph 2 0
2. R&D Facilities 117 67
3. Other Facilities 188 35
Total 1,520 362
- --------------------------------------------------------------------------------
* Approximately 50 billion yen will be invested in the Optical Access
Network. (optical subscriber-cable: 0.6 million fiber kms)
<PAGE>
Reference 1
Revenues and Expenses Plan for
Fiscal Year Ending March 31, 2000
(billions of yen)
---------------------------------------------------------------------------
Item Amount
---------------------------------------------------------------------------
REVENUES
Operating Revenues 1,701
Voice transmission 1,092
Data transmission 36
Leased circuits 153
Telegraph 23
Others 397
Non-Operating Revenues 126
Total Revenues 1,827
EXPENSES
Operating Expenses 1,636
Operating costs 1,228
Taxes and dues 47
Depreciation 361
Non-Operating Expenses 98
Total Expenses 1,734
---------------------------------------------------------------------------
RECURRING PROFIT 93
---------------------------------------------------------------------------
<PAGE>
Reference 2
Plan for Sources and Applications of Funds
for Fiscal Year Ending March 31, 2000
(billion of yen)
- --------------------------------------------------------------------------------
Item Amount
- --------------------------------------------------------------------------------
SOURCES
Operational: 2,028
Operating revenues 1,902
Non-operating revenues 126
Financial: 856
Long-term loans and bonds 474
Others 382
Estimated Consumption Tax 88
Brought Forward from the Previous Year 1,026
Total 3,998
APPLICATIONS
Operational: 1,983
Operating expenses 1,886
Non-operating expenses 97
Financial: 1,195
Capital investments for property, 362
plant and equipment
Other financial expenses 833
Closing Account Expenses 1,014
Temporarily Paid Consumption Tax 58
Carry Forward to Following Year -252
Total 3,998
- --------------------------------------------------------------------------------
