Nippon Telegraph & Telephone Corp

9432: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	JPY 718.00	Vstsjtp	Yddtytql

NTT’s Cost Reductions Drive Strong Medium-Term Targets and our FVE to JPY 3,950

Dan Baker

Nov 12, 2021

Narrow-moat-rated Nippon Telegraph & Telephone's, or NTT’s, second-quarter fiscal 2021 result (quarter ended September 2022) was slightly better than our expectations with revenue growth of 1.7%, operating profit growth of 2.8%, and net profit growth of 24.9%.

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