NTT
NTTYYOTC Markets OTCPKUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $25.78 Prior regular-session close from the quote source.
- $25.29–$25.53 Regular-session low and high so far today.
- 1.9K Regular-session shares traded · Nov 11, 3:57 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $21.47–$30.05 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own NTTYY if NTT is a scale-and-infrastructure telecom compounder whose value depends less on fast top-line growth than on defending Japan’s essential communications franchise, migrating customers into data/mobile/ICT services, and converting a huge asset base into rising.
NTTYY price history
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Investment thesis
What must happen next
NTT’s hard-to-replicate domestic communications infrastructure remains essential enough that customers and wholesale users stay on its networks even as legacy fixed-line usage matures.HoldingMateriality: High
GAAP annual revenue was ¥10.701 trillion in FY2013 and ¥11.391 trillion in FY2017, showing broad stability over the served five-year period. If the access franchise holds, NTT can fund dividends and investment from a resilient base; if it cracks, the whole low-growth compounder case becomes a melting-ice-cube utility.
Watch: Japanese regulators mandate deeper functional separation, materially lower wholesale fiber/access prices, or other remedies that transfer NTT’s network economics to competitors.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue was ¥10.701 trillion in FY2013 and ¥11.391 trillion in FY2017, showing broad stability over the served five-year.
Open source ↗NTT’s scale, network utilization, and cost discipline can offset mature telecom pricing pressure so that modest revenue does not automatically mean stagnant operating earnings.StrengtheningMateriality: High
GAAP annual operating income rose from ¥1.202 trillion in FY2013 to ¥1.540 trillion in FY2017 while revenue increased only modestly over the same period. This is the mechanism that turns a slow-growth telecom base into earnings growth; if cost and mix discipline fail, revenue stability will not protect shareholder returns.
Watch: KDDI, SoftBank, or Rakuten trigger a sustained Japanese mobile or broadband price war that forces NTT to sacrifice margin to defend share.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income rose from ¥1.202 trillion in FY2013 to ¥1.540 trillion in FY2017 while revenue increased only modestly.
Open source ↗Enterprise data communications and ICT demand must become a larger profit engine so NTT is not solely dependent on mature Japanese voice and access services.HoldingMateriality: Medium
GAAP annual revenue grew from ¥10.701 trillion in FY2013 to ¥11.541 trillion in FY2016 before slipping to ¥11.391 trillion in FY2017, suggesting some capacity to add revenue beyond legacy decline. If enterprise ICT and data services scale profitably, NTT has a reinvestment runway; if hyperscalers and global IT firms capture the economics, NTT remains a capital-heavy incumbent with limited growth.
Watch: Amazon Web Services, Microsoft Azure, Google Cloud, Accenture, or other global IT providers disintermediate NTT in cloud migration, managed services, and enterprise integration.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue grew from ¥10.701 trillion in FY2013 to ¥11.541 trillion in FY2016 before slipping to ¥11.391 trillion in.
Open source ↗NTT’s recurring communications cash generation must remain strong enough to fund network upgrades, spectrum/fiber investment, and shareholder returns without balance-sheet stress.HoldingMateriality: Medium
Cash and cash equivalents were ¥925.213 billion at FY2017 year-end, providing liquidity against a capital-intensive network business. A telecom can show accounting earnings while value leaks through capex and leverage; the owner needs NTT’s network investment to reinforce the moat, not consume it.
Watch: Network modernization, 5G, fiber, cybersecurity, or data-center investment requires a structural capex step-up that outpaces operating cash generation.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash and cash equivalents were ¥925.213 billion at FY2017 year-end, providing liquidity against a capital-intensive network business.
Open source ↗Because NTT is a mature telecom rather than a high-growth platform, shareholder value depends on management converting stable group earnings into per-share gains through disciplined investment and capital returns.HoldingMateriality: Medium
GAAP diluted EPS rose from ¥236.85 in FY2015 to ¥350.34 in FY2016 and ¥390.94 in FY2017. If per-share economics improve, a low-growth business can still compound; if earnings are absorbed by capex, policy goals, or dilution, the equity can underperform despite business stability.
Watch: The Japanese government or other policy objectives push NTT toward lower consumer prices or national infrastructure spending at the expense of minority shareholder returns.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP diluted EPS rose from ¥236.85 in FY2015 to ¥350.34 in FY2016 and ¥390.94 in FY2017.
Open source ↗
Full investment case & evidence
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Original research
NTT’s hard-to-replicate domestic communications infrastructure remains essential enough that customers and wholesale users stay on its networks even as legacy fixed-line usage matures. If the access franchise holds, NTT can fund dividends and investment from a resilient base; if it cracks, the whole low-growth compounder case becomes a melting-ice-cube utility.
NTT’s scale, network utilization, and cost discipline can offset mature telecom pricing pressure so that modest revenue does not automatically mean stagnant operating earnings. This is the mechanism that turns a slow-growth telecom base into earnings growth; if cost and mix discipline fail, revenue stability will not protect shareholder returns.
Enterprise data communications and ICT demand must become a larger profit engine so NTT is not solely dependent on mature Japanese voice and access services. If enterprise ICT and data services scale profitably, NTT has a reinvestment runway; if hyperscalers and global IT firms capture the economics, NTT remains a capital-heavy incumbent with limited growth.
NTT’s recurring communications cash generation must remain strong enough to fund network upgrades, spectrum/fiber investment, and shareholder returns without balance-sheet stress. A telecom can show accounting earnings while value leaks through capex and leverage; the owner needs NTT’s network investment to reinforce the moat, not consume it.
Because NTT is a mature telecom rather than a high-growth platform, shareholder value depends on management converting stable group earnings into per-share gains through disciplined investment and capital returns. If per-share economics improve, a low-growth business can still compound; if earnings are absorbed by capex, policy goals, or dilution, the equity can underperform despite business stability.
All standing thesis claims
Original report summary
NTT is a scale-and-infrastructure telecom compounder whose value depends less on fast top-line growth than on defending Japan’s essential communications franchise, migrating customers into data/mobile/ICT services, and converting a huge asset base into rising.
Bull case and bear case
Bull case and bear case for Nippon Telegraph & Telephone
Where the evidence on Nippon Telegraph & Telephone stands: Holding on the latest evidence (Nov 7, 2026). Of its 5 thesis points, 1 strengthening and 4 holding.
Bull case: what the evidence supports
NTT’s hard-to-replicate domestic communications infrastructure remains essential enough that customers and wholesale users stay on its networks even as legacy fixed-line usage matures.
NTT’s scale, network utilization, and cost discipline can offset mature telecom pricing pressure so that modest revenue does not automatically mean stagnant operating earnings.
Enterprise data communications and ICT demand must become a larger profit engine so NTT is not solely dependent on mature Japanese voice and access services.
NTT’s recurring communications cash generation must remain strong enough to fund network upgrades, spectrum/fiber investment, and shareholder returns without balance-sheet stress.
Because NTT is a mature telecom rather than a high-growth platform, shareholder value depends on management converting stable group earnings into per-share gains through disciplined investment and capital returns.
Bear case: what would count against it
Japanese regulators mandate deeper functional separation, materially lower wholesale fiber/access prices, or other remedies that transfer NTT’s network economics to competitors.
KDDI, SoftBank, or Rakuten trigger a sustained Japanese mobile or broadband price war that forces NTT to sacrifice margin to defend share.
Amazon Web Services, Microsoft Azure, Google Cloud, Accenture, or other global IT providers disintermediate NTT in cloud migration, managed services, and enterprise integration.
Thesis-Break Engine
Thesis-break watch · Nippon Telegraph & Telephone
OptimistFi is watching Nippon Telegraph & Telephone. No break-condition checks are on record yet — they accumulate as new filings are checked.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
No assessed change was returned in this research window. That can reflect a quiet period or a coverage limit.
Risks / falsifiers
What could break the thesis
- Japanese regulators mandate deeper functional separation, materially lower wholesale fiber/access prices, or other remedies that transfer NTT’s network economics to competitors.
- KDDI, SoftBank, or Rakuten trigger a sustained Japanese mobile or broadband price war that forces NTT to sacrifice margin to defend share.
- Amazon Web Services, Microsoft Azure, Google Cloud, Accenture, or other global IT providers disintermediate NTT in cloud migration, managed services, and enterprise integration.
- Network modernization, 5G, fiber, cybersecurity, or data-center investment requires a structural capex step-up that outpaces operating cash generation.
- The Japanese government or other policy objectives push NTT toward lower consumer prices or national infrastructure spending at the expense of minority shareholder returns.
NTTYY news
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Financial statements
NTTYY income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
NTTYY: quick answers
- What is NTTYY's short interest?
- As of October 30, 2026, 19,566 NTTYY shares were sold short, down 39.8% from the count before. At the stock's average daily volume that is 1.0 day to cover. FINRA publishes the count twice a month. NTTYY short interest history
- Have members of Congress traded NTTYY?
- 3 trades in NTTYY have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed NTTYY trade