NTT Reports Strong First Half Gains, Raises Full-Year Forecast

NTT reported a robust first half of fiscal year 2026, with revenue increasing 10.4% year-over-year to 833.557 billion yen, leading to an upward revision of its full-year forecast. The results demonstrate the company’s ability to capitalize on current market conditions and strategically invest in future growth areas.

The company now projects full-year operating revenue of 15.8 trillion yen, an increase of 200 billion yen from its previous forecast, alongside higher estimates for EBITDA, operating profit, and net profit. This revision reflects strong performance in the mobile sector, specifically within NTT Docomo, and a positive outlook for its broader integrated ICT business. NTT’s ability to raise its guidance suggests confidence in sustained momentum throughout the remainder of the fiscal year.

Alongside the positive revenue and profit figures, NTT is significantly increasing its capital expenditure, allocating resources to enhance mobile network quality to meet rising traffic demands and invest in next-generation technologies like AI. This includes a new partnership with McLaren Racing, a Formula 1 team, and a strategic alliance with Palantir Technologies to bolster cybersecurity. These investments signal a commitment to long-term innovation and market leadership. NTT is also expanding its presence in the financial sector through partnerships with Minakabu and SBI Holdings.

The company continues to prioritize shareholder returns, maintaining its forecast for a full-year dividend of 5.4 yen per share, marking the 16th consecutive year of dividend increases. The strong financial performance and commitment to dividends reinforce NTT’s position as a stable and growing investment. While the filing does not detail specific asset quality metrics, the revenue increase and positive outlook suggest a healthy underlying business environment. The emphasis on strategic investments in key growth areas positions NTT for continued success in a rapidly evolving technological landscape.