Monday, May 12, 2008

NTT's Hikari Optical Access Reaches 8.78 million, DSL Contracts

NTT reported that the number of FLET'S Hikari optical access subscriptions reached 8.78 million as of March 31, 2008, up from 3.2 million a year earlier. Meanwhile, the number of ADSL subscribers fell to 4.6 million from 5.3 million a year earlier. Likewise, the number of conventional telephone lines fell to 39.2 million from 43.3 million last year.

In the mobile communications market, NTT noted the introduction of mobile number portability in the fiscal year ended March 31, 2006 and market entry by new carriers, along with fierce price competition. The number of cellular subscribers reached 53.4 million, up from 52.6 million a year earlier.

Despite increases in IP/packet communications service revenues from FLET'S Hikari and FOMA and system integration revenues, NTT Group's consolidated operating revenues were 10,680.9 billion yen for the fiscal year ended March 31, 2008 (a decrease of 0.7% from the previous fiscal year) due to a decline in fixed voice related services revenues. Consolidated operating expenses were 9,376.3 billion yen (a decrease of 2.9% from the previous fiscal year), due to cost reductions and a decrease in operating expenses resulting from the return of the substitutional portion of pension assets to the government. Consolidated operating income was 1,304.6 billion yen (an increase of 17.8% from the previous fiscal year), consolidated income before income taxes was 1,322.3 billion yen (an increase of 16.7% from the previous fiscal year), and consolidated net income was 635.2 billion yen (an increase of 31.9% from the previous fiscal year).