TOKYO (Thomson Financial) - Japanese telecom giant Nippon Telegraph and
Telephone Corp. is expected to post operating profit of 1.15 trillion yen ($11.7
billion) to 1.20 trillion yen in the current year to March 2009, down 100
billion yen from the previous year, the Nikkei reported on Monday, without
citing sources.
The decline is due to special factors that boosted its profit by 190 billion
yen in the past year to March, including capital gains from the return of
pension funds which it managed on behalf of the government, the business daily
said.
The company's operating profit for the year ended March 31 likely jumped 17
percent to about 1.3 trillion yen, topping its previous projection of 1.26
trillion, according to Nikkei.
NTT DoCoMo Inc., which earns about 70 percent of group operating profit,
said last month it expects operating profit in the current fiscal year to rise 3
percent to 830 billion yen while NTT Data Corp. forecast a 9 percent growth.
NTT may raise its annual dividend by 1,000 yen to about 10,000 yen per
share.
yasuhiko.seki@thomsonreuters.com
yas/yas/ms
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