Investor Presentation: 通信サービス

研报英文原文证据摘录

Investor Presentation: 通信サービス

FoundationM

NTT (9432.T) : 業績予想

図表2: NTT (9432.T): Earnings summary (JPY bil)

Summary (JPY bil) F3/22 F3/23 F3/24 F3/25 F3/26 1Q F3/26 2Q F3/26 3Q F3/26 4Q F3/26 F3/27 1Qe F3/27 2Qe F3/27 3Qe F3/27 4Qe F3/27e F3/28e F3/29e

Revenue 12,156 13,136 13,375 13,705 3,262 3,511 3,648 3,988 14,409 3,568 3,655 3,687 4,163 15,072 15,715 16,455

YoY% 1.8% 8.1% 1.8% 2.5% 0.7% 4.8% 5.5% 9.1% 5.1% 9.4% 4.1% 1.1% 4.4% 4.6% 4.3% 4.7%

OP 1,769 1,829 1,923 1,650 405 540 512 249 1,706 430 457 486 393 1,766 1,836 2,002

YoY% 5.8% 3.4% 5.1% -14.2% -7.0% 11.4% 6.9% -0.5% 3.4% 6.1% -15.3% -5.2% 57.9% 3.5% 3.9% 9.0%

OPM 14.5% 13.9% 14.4% 12.0% 12.4% 15.4% 14.0% 6.2% 11.8% 12.1% 12.5% 13.2% 9.4% 11.7% 11.7% 12.2%

EBITDA 3,247 3,290 3,418 3,239 801 939 917 766 3,423 849 878 907 892 3,526 3,541 3,719

YoY% 4.4% 1.3% 3.9% -5.2% -1.7% 7.9% 5.8% 11.5% 5.7% 5.9% -6.5% -1.0% 16.4% 3.0% 0.4% 5.0%

EBITDA margin 26.7% 25.0% 25.6% 23.6% 24.6% 26.8% 25.1% 19.2% 23.8% 23.8% 24.0% 24.6% 21.4% 23.4% 22.5% 22.6%

EPS (JPY) 13 14 15 12 3 4 4 1 13 3 3 4 3 13 14 15

YoY% 32.7% 5.7% 8.4% -20.7% -3.7% 21.6% 13.5% -23.8% 5.4% -0.7% -17.2% -10.3% 106.3% 2.6% 6.2% 12.2%

P/E (2yr fwd) 9 13 14 12 - - - - 12 - - - - 10 - -

EV/EBITDA (2yr fwd) 5 6 7 6 - - - - 7 - - - - 7 - -

EBITDA by segment (JPY bil) F3/22 F3/23 F3/24 F3/25 F3/26 1Q F3/26 2Q F3/26 3Q F3/26 4Q F3/26 F3/27 1Qe F3/27 2Qe F3/27 3Qe F3/27 4Qe F3/27e F3/28e F3/29e

ICT 1,907 1,791 1,868 1,761 428 428 466 421 1,743 451 458 470 416 1,795 1,748 1,767

Regional 954 829 828 719 204 192 221 123 741 215 210 215 128 768 786 804

Global 545 531 591 623 132 289 195 188 804 161 189 202 325 878 921 1,062

Mobile KPIs F3/22 F3/23 F3/24 F3/25 F3/26 1Q F3/26 2Q F3/26 3Q F3/26 4Q F3/26 F3/27 1Qe F3/27 2Qe F3/27 3Qe F3/27 4Qe F3/27e F3/28e F3/29e