1. Japan Stocks

  2. •

    Communication Services

  3. •

    Telecommunications Services
NTT, Inc.

NTT, Inc.

9432.T
NTT, Inc.JP flagTokyo Stock Exchange
149.50
JPY
+1.50
- -
12.17TMarket Cap
NTT, Inc.
9432.T
(Tokyo Stock Exchange)

Recent

price

149.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
77.88
82.38
88.3
98.42
101.45
109.61
111.31
118.06
122.41
128.67
129.4
135.57
150.73
157.73
163.91
175.17
83.09
Revenue per Share
3.85
3.67
4.31
5.27
4.74
7.01
7.82
9
8.81
9.25
9.93
13.17
13.92
15.09
11.96
12.61
7.21
Basic EPS, GAAP
7.07
5.14
3.87
7.43
5.38
10.2
11.88
3.92
7.56
12.31
13.15
13.96
4.69
3.42
2.77
-9.37
4.82
Free Cash Flow per Basic Share
1.2
1.32
1.51
1.68
1.83
1.9
2.42
2.72
3.23
3.84
3.88
4.43
4.81
4.92
5.22
5.28
2.52
Dividend per Share
46.05
45.68
50.87
51.77
55.45
57.1
62.6
70.78
71.02
80.43
86.74
91.8
104.28
118.12
127.54
119.92
123.08
Book Value per Share
58.31
60.12
66.66
73.21
75
79.84
83.57
91.54
95.73
95.02
58.3
65.28
68.21
78.82
85.42
64
81.91
Tangible Book Value per Share
132,317
127,554
121,188
111,005
109,368
105,289
102,334
99,796
97,053
92,482
92,300
89,670
87,152
84,793
83,613
82,258
84,368
Basic Weighted Avg Shares
10,305,003
10,507,362
10,700,740
10,925,174
11,095,317
11,540,997
11,391,016
11,782,148
11,879,842
11,899,415
11,943,966
12,156,447
13,136,194
13,374,569
13,704,727
14,409,121
7,009,999
Sales/Revenue/Turnover
11.83
11.78
11.58
11.22
10.16
11.96
14.17
15.44
15.32
13.27
14.21
14.86
14.04
14.49
12.18
12.4
14.07
Operating Margin (%)
1,962,534
1,910,698
1,899,245
1,880,293
1,827,998
1,766,325
1,462,235
1,346,931
1,333,647
1,465,310
1,507,153
1,561,183
1,582,625
1,628,586
1,722,035
1,790,983
833,779
Depreciation Expense
509,629
467,701
521,932
585,473
518,066
737,738
800,129
897,887
854,561
855,306
916,181
1,181,083
1,213,116
1,279,521
1,000,016
1,037,032
608,677
Net Income, GAAP
40.45
47.06
39.57
37.59
37.25
26.69
30.66
30.67
31.89
29.22
31.75
30.05
28.88
32.08
30.82
31.56
31.2
Effective Tax Rate (%)
4.95
4.45
4.88
5.36
4.67
6.39
7.02
7.62
7.19
7.19
7.67
9.72
9.23
9.57
7.3
7.2
8.68
Profit Margin (%)
1,081,225
1,217,678
1,169,899
1,184,187
1,235,540
1,685,851
1,011,431
1,246,723
1,351,895
95,889
-2,099,789
-542,047
-185,118
-521,558
-494,904
-10,988,186
-58,411
Working Capital
3,529,016
3,546,739
3,270,885
3,519,624
3,723,207
3,573,833
3,179,645
2,953,855
2,865,181
2,544,124
5,009,560
6,373,194
7,105,078
7,947,539
8,116,971
12,273,901
8,037,850
LT Debt
10,080,932
10,047,729
10,522,003
10,924,806
11,049,810
11,240,082
11,042,429
11,565,654
11,804,790
11,462,627
8,203,043
9,018,132
9,350,627
10,893,059
11,344,639
10,217,533
11,055,392
Total Equity
4.93
4.44
5.08
5.04
4.53
6.42
7.15
8.05
7.73
6.83
6.99
7.41
7.25
6.47
5.17
4.88
3.16
Return on Invested Capital (%)
2.84
2.53
2.97
3.56
3.08
4.13
4.41
4.93
4.37
4.49
4.68
6.7
6.57
6.38
4.63
4.6
2.88
Return on Capital (%)
8.86
7.85
8.7
9.83
8.77
12.22
12.89
13.33
12.25
11.94
11.86
14.55
14.01
13.4
9.67
10.1
6.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
2,766,472
- -
2,889,279
LT Borrowings
7,048,015
- -
7,132,145
LT Finance Leases
899,524
- -
905,705
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
84,082
- -
83,847
Market Capitalization
15,291,051
12,853,178
12,385,173

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
8,324,087
- -
7,974,646
Cash, Cash Equivalents & STI
1,955,152
- -
2,146,334
Accounts Receivable, Net
4,816,951
- -
4,313,945
Inventories
524,166
- -
581,171
Total Current Liabilities
8,845,645
- -
8,033,057
Payables & Accruals
- -
- -
- -
ST Debt
2,766,472
- -
2,889,279
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.2%
4.87%
-9.94%
Free Cash Flow
-45.12%
-109.17%
-432.5%
Net Income, GAAP
4.2%
3.79%
3.7%
Sales/Revenue/Turnover
2.28%
3.85%
5.14%
Total Cash Common Dividend
8.29%
3.98%
-0.64%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,111,073
3,253,497
3,352,286
3,657,713
13,374,569
2025
- -
- -
- -
- -
13,704,727
2026
- -
- -
- -
- -
14,409,121

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.41
3.46
4.02
- -
15.09
2025
- -
- -
- -
- -
11.96
2026
- -
- -
- -
- -
12.61

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.4
- -
2.51
- -
4.92
2025
- -
- -
- -
- -
5.22
2026
- -
- -
- -
- -
5.28
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Business
NTT, Inc. is a Tokyo-based global telecommunications holding company established in 1952, operating as one of the largest telecom providers worldwide. It offers integrated ICT business services including system integration, cloud services, network systems, and global data center operations; regional communications through fixed-line, mobile and broadband services; and global solutions such as consulting, cybersecurity, and IT modernization. The company also has business segments in real estate and energy services. NTT targets corporate clients, governments, and consumers across Japan and international markets, leveraging its extensive infrastructure and technological innovation. Recent major changes include the establishment of NTT Mobility, Inc. in December 2025, a strategic move to lead autonomous driving initiatives by leveraging NTT’s AI and deep technology expertise. NTT is advancing commercialization of its Innovative Optical and Wireless Network (IOWN) technology with applications in optical computing and photonics electronics, aiming for significant improvements in power efficiency. The company continues to push AI infrastructure and agent services, targeting substantial revenue growth in this segment by 2027. In addition, NTT maintains a strong focus on sustainability and circular economy initiatives in line with its medium-term strategy launched in 2023. Their ongoing consolidation of global subsidiaries such as NTT DATA and NTT Security under the NTT, Inc. umbrella further strengthens their integrated ICT capabilities. The company operates through several subsidiaries including NTT DATA, NTT DOCOMO, and NTT Communications, offering a comprehensive portfolio spanning telecommunications, IT services, cybersecurity, and digital transformation solutions. NTT holds a prominent strategic position in leveraging cutting-edge technologies like AI, IoT, and photonics to enhance customer experience and support societal infrastructure globally while maintaining robust financial performance and shareholder returns. Its key markets extend across Asia, Europe, and the Americas, supported by a workforce exceeding 340,000 employees worldwide. NTT continuously invests in research and development to keep at the forefront of telecommunications innovation.