05.02.2016, 09:42
NTT group: Notice regarding the Revision of Non-Consolidated Financial Forecasts
OREANDA-NEWS. NTT group: Notice regarding the Revision of Non-Consolidated Financial Forecasts.
1.Reason for the Revision
NTT’s Board of Directors resolved today that NTT may participate in the tender offer to sell 117,924,500 shares (approximately 300 billion yen) of its current holdings of NTT DOCOMO, INC. (“NTT DOCOMO”) common stock. In addition, Nippon Telegraph and Telephone East Corporation (“NTT East”), a subsidiary of NTT, resolved the amount of its distribution of surplus. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2016, previously announced on November 6, 2015.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2016, because such events will not have a material impact on NTT’s consolidated results of operations.
1.Reason for the Revision
NTT’s Board of Directors resolved today that NTT may participate in the tender offer to sell 117,924,500 shares (approximately 300 billion yen) of its current holdings of NTT DOCOMO, INC. (“NTT DOCOMO”) common stock. In addition, Nippon Telegraph and Telephone East Corporation (“NTT East”), a subsidiary of NTT, resolved the amount of its distribution of surplus. Accordingly, NTT announced the following revisions to its non-consolidated financial forecasts for the fiscal year ending March 31, 2016, previously announced on November 6, 2015.
NTT will not revise its consolidated financial forecasts for the fiscal year ending March 31, 2016, because such events will not have a material impact on NTT’s consolidated results of operations.
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