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THE TOTAL NUMBER OF PAGES CONTAINED IN THIS DOCUMENT IS 6
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 July 2000
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
(Translation of registrant's name into English)
3-1, OTEMACHI 2-CHOME
CHIYODA-KU, TOKYO 100-8116 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
--
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
REVISION OF THE PROJECTED CONSOLIDATED FINANCIAL RESULTS FOR NTT FOR THE FISCAL
YEAR ENDING MARCH 31, 2001
On July 3, 2000, the registrant issued a press release revising its
projected consolidated financial results for the fiscal year 2001, which were
originally announced in its press release dated May 26, 2000, as a result of the
revision of the projected consolidated financial results for NTT East
Corporation and NTT West Corporation.
The financial information included in the attached press release was
prepared on the basis of accounting principles generally accepted in Japan and,
accordingly, will not be directly comparable to the financial information
included in the registrant's Annual Report on Form 20-F for the fiscal year
ended March 31, 2000, which information will be prepared on the basis of
accounting principles generally accepted in the United States.
The attached projections contain certain 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.
Certain of the attached projections are 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 included projections.
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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
________________________
Name: Kazuto Tsubouchi
Title: Senior Manager
Investor Relations Group
Department IV
Date: July 3, 2000
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July 3, 2000
NTT Amends Projected Consolidated Financial Results for FY 2001
1. Nippon Telegraph and Telephone Corporation (NTT) has amended its projected
consolidated financial results for FY 2001 (April 1, 2000 through March 31,
2001), which were announced on May 26, 2000 with the release of NTT's
financial results for FY 2000, as follows:
Projected Consolidated Financial Results for FY 2001
(April 1, 2000-March 31, 2001)
(Millions of yen)
Operating Revenues Recurring Profit Net Income
--------------------------------------------------------------------------------
Before Amendment(A) 10,827,000 675,000 99,000
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After Amendment(B) 10,815,000 733,000 172,000
--------------------------------------------------------------------------------
Increase (Decrease) (12,000) 58,000 73,000
(B)-(A)
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Percentage Change(%) -0.1% 8.6% 73.7%
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(Ref) FY 2000 Results 10,421,113 825,036 (67,811)
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2. Reasons for the Above Revisions
The projected consolidated financial results have been revised in light of the
amendment to the projected financial results for Nippon Telegraph and Telephone
East Corporation (NTT East) and Nippon Telegraph and Telephone West Corporation
(NTT West) based on the business performance in FY 2000.
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(Reference)
Projected Financial Results for Former NTT for FY 2001
(April 1, 2000-March 31, 2001)
The financial results for the former NTT (based on the former single-company
system) for FY 2001 are amended as follows:
(Millions of yen)
Operating Revenues Recurring Profit Net Income
--------------------------------------------------------------------------------
Before Amendment(A) 6,023,000 49,000 --
--------------------------------------------------------------------------------
After Amendment(B) 6,010,000 107,000 --
--------------------------------------------------------------------------------
Increase (Decrease) (13,000) 58,000 --
(B)-(A)
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Note: Since the method for processing the difference resulting from the change
in the accounting standard accompanying the introduction of retirement
benefit accounting has not yet been decided, and since the projected net
income of NTT East and NTT West for this period has not been calculated,
the projected net income based on the former single company system has not
been calculated.
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(Attachment)
Projected Financial Results for NTT East and NTT West for FY 2001
The financial results for Nippon Telegraph and Telephone East Corporation (NTT
East) and Nippon Telegraph and Telephone West Corporation (NTT West) for FY 2001
are amended as follows:
Projected Financial Results for NTT East
(April 1, 2000-March 31, 2001)
(Millions of yen)
Operating Revenues Recurring Profit Net Income
--------------------------------------------------------------------------------
Before Amendment(A) 2,770,000 18,000 --
--------------------------------------------------------------------------------
After Amendment(B) 2,755,000 44,000 --
--------------------------------------------------------------------------------
Increase (Decrease) (15,000) 26,000 --
(B)-(A)
--------------------------------------------------------------------------------
Projected Financial Results for NTT West
(April 1, 2000-March 31, 2001)
(Millions of yen)
Operating Revenues Recurring Profit Net Income
--------------------------------------------------------------------------------
Before Amendment(A) 2,636,000 (99,000) --
--------------------------------------------------------------------------------
After Amendment(B) 2,639,000 (67,000) --
--------------------------------------------------------------------------------
Increase (Decrease) 3,000 32,000 --
(B)-(A)
--------------------------------------------------------------------------------
Note: Since the method for processing the difference resulting from the change
in the accounting standard accompanying the introduction of retirement
benefit accounting has not yet been decided, the projected net income of
NTT East and NTT West for this period has not been calculated.
