NTT (9432.T) Stock Price

NTT Price

JPX·CLOSED
152.40JPY-5.70 (-3.67 %)
Market closed

Revenue has compounded at 1.3% per year over the past 19 years to 13.70 T JPY. Earnings per share have declined at 9.9% per year over the last 19 years. NTT's net margin stands at 7.3%, broadly stable from 7.7% several years earlier. NTT currently offers a dividend yield of about 3.44%. The payout ratio is around 44% of earnings. Analysts set a median price target of 186.66 JPY, implying 22.5% above the current price. Of 18 analysts, 11 rate the stock a buy — an overall Buy consensus. The stock trades about 7% above its 52-week low.

NTT stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of NTT over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how NTT stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing NTT's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

NTT Stock Price History
DateNTT Price
7/31/2026152.40 JPY
7/30/2026158.10 JPY
7/29/2026160.30 JPY
7/28/2026156.40 JPY
7/27/2026153.80 JPY
7/24/2026151.30 JPY
7/23/2026149.70 JPY
7/22/2026152.00 JPY
7/21/2026153.90 JPY
7/17/2026151.10 JPY
7/16/2026150.90 JPY
7/15/2026150.10 JPY
7/14/2026151.40 JPY
7/13/2026148.60 JPY
7/10/2026148.00 JPY
7/9/2026149.20 JPY
7/8/2026150.40 JPY
7/7/2026148.00 JPY
7/6/2026147.00 JPY
7/3/2026147.10 JPY
7/2/2026145.80 JPY
7/1/2026142.80 JPY
6/30/2026145.20 JPY
6/29/2026145.80 JPY
6/26/2026143.80 JPY
6/25/2026143.50 JPY
6/24/2026145.10 JPY
6/23/2026144.20 JPY
6/22/2026144.00 JPY
6/19/2026145.00 JPY
6/18/2026146.80 JPY
6/17/2026147.10 JPY
6/16/2026146.60 JPY
6/15/2026148.30 JPY
6/12/2026148.30 JPY
6/11/2026150.40 JPY
6/10/2026148.50 JPY
6/9/2026146.70 JPY
6/8/2026147.00 JPY
6/5/2026146.60 JPY
6/4/2026147.40 JPY
6/3/2026147.80 JPY
6/2/2026148.30 JPY
6/1/2026148.10 JPY
5/29/2026150.60 JPY
5/28/2026149.80 JPY
5/27/2026150.30 JPY
5/26/2026150.30 JPY
5/25/2026151.10 JPY
5/22/2026152.80 JPY
5/21/2026154.70 JPY
5/20/2026156.20 JPY
5/19/2026155.30 JPY
5/18/2026152.40 JPY
5/15/2026149.00 JPY
5/14/2026148.60 JPY
5/13/2026150.00 JPY
5/12/2026149.40 JPY
5/11/2026148.40 JPY
5/8/2026150.20 JPY
5/7/2026150.80 JPY
5/1/2026152.00 JPY
4/30/2026152.50 JPY
4/28/2026151.10 JPY
4/27/2026151.20 JPY
4/24/2026151.50 JPY
4/23/2026151.40 JPY
4/22/2026151.50 JPY
4/21/2026152.30 JPY
4/20/2026153.50 JPY
4/17/2026154.00 JPY
4/16/2026153.00 JPY
4/15/2026154.00 JPY
4/14/2026152.10 JPY
4/13/2026152.60 JPY
4/10/2026153.10 JPY
4/9/2026154.60 JPY
4/8/2026155.30 JPY
4/7/2026155.40 JPY
4/6/2026157.10 JPY
4/3/2026157.80 JPY
3/27/2026159.00 JPY
3/26/2026158.80 JPY
3/25/2026157.50 JPY
3/24/2026156.40 JPY
3/23/2026157.00 JPY
3/19/2026158.60 JPY
3/18/2026158.00 JPY
3/17/2026157.30 JPY
3/16/2026155.70 JPY
3/13/2026154.70 JPY
3/12/2026155.70 JPY
3/11/2026155.50 JPY
3/9/2026154.00 JPY
3/6/2026151.10 JPY
3/5/2026150.20 JPY
2/27/2026153.30 JPY
2/26/2026152.10 JPY
2/25/2026150.90 JPY
2/24/2026150.80 JPY
2/20/2026151.00 JPY
2/19/2026152.50 JPY
2/18/2026153.00 JPY
2/17/2026153.10 JPY
2/16/2026154.20 JPY
2/13/2026154.60 JPY
2/12/2026153.40 JPY
2/10/2026153.80 JPY
2/9/2026152.50 JPY
2/6/2026152.50 JPY
2/5/2026154.50 JPY
2/4/2026153.40 JPY
2/3/2026156.30 JPY
2/2/2026156.20 JPY
1/30/2026154.90 JPY
1/29/2026153.30 JPY
1/28/2026154.60 JPY
1/27/2026155.20 JPY
1/26/2026156.90 JPY
1/23/2026157.50 JPY
1/22/2026156.20 JPY
1/21/2026157.30 JPY
1/20/2026160.20 JPY
1/19/2026158.20 JPY
1/16/2026157.10 JPY
1/15/2026159.50 JPY
1/14/2026159.00 JPY
1/13/2026158.60 JPY
1/9/2026159.10 JPY
1/8/2026157.80 JPY
1/7/2026159.20 JPY
1/6/2026160.70 JPY
1/5/2026159.50 JPY
12/30/2025157.70 JPY
12/29/2025158.60 JPY
12/26/2025158.80 JPY
12/25/2025156.70 JPY
12/24/2025156.30 JPY
12/23/2025156.30 JPY
12/22/2025154.70 JPY
12/19/2025157.00 JPY
12/18/2025156.70 JPY
12/17/2025154.90 JPY
12/16/2025155.10 JPY
12/15/2025155.40 JPY
12/12/2025155.50 JPY
12/11/2025155.10 JPY
12/10/2025155.70 JPY
12/9/2025153.80 JPY
12/8/2025154.30 JPY
12/5/2025153.90 JPY
12/4/2025155.60 JPY
12/3/2025154.70 JPY
12/2/2025155.70 JPY
12/1/2025155.80 JPY
11/28/2025155.80 JPY
11/27/2025154.40 JPY
11/26/2025155.30 JPY
11/25/2025152.40 JPY
11/21/2025154.20 JPY
11/20/2025152.60 JPY
11/19/2025152.50 JPY
11/18/2025152.80 JPY
11/17/2025153.10 JPY
11/14/2025151.20 JPY
11/13/2025150.80 JPY
11/12/2025152.40 JPY
11/11/2025152.40 JPY
11/10/2025151.40 JPY
11/7/2025151.20 JPY
11/6/2025150.70 JPY
11/5/2025150.20 JPY
11/4/2025155.40 JPY
10/31/2025158.40 JPY
10/30/2025158.10 JPY
10/29/2025159.10 JPY
10/28/2025160.40 JPY
10/27/2025162.50 JPY
10/24/2025159.80 JPY
10/23/2025159.70 JPY
10/22/2025159.80 JPY
10/21/2025160.10 JPY
10/20/2025159.00 JPY
10/17/2025158.30 JPY
10/16/2025156.00 JPY
10/15/2025153.50 JPY
10/14/2025152.20 JPY
10/10/2025152.80 JPY
10/9/2025153.00 JPY
10/8/2025153.80 JPY
10/7/2025155.10 JPY
10/6/2025156.20 JPY
10/3/2025154.60 JPY
10/2/2025152.90 JPY
10/1/2025154.80 JPY
9/30/2025154.70 JPY
9/29/2025155.40 JPY
9/26/2025159.10 JPY
9/25/2025158.30 JPY
9/24/2025157.90 JPY
9/22/2025158.20 JPY
9/19/2025158.00 JPY
9/18/2025159.90 JPY
9/17/2025161.00 JPY
9/16/2025161.00 JPY
9/12/2025161.50 JPY
9/11/2025161.70 JPY
9/10/2025161.30 JPY
9/9/2025158.20 JPY
9/8/2025158.80 JPY
9/5/2025159.20 JPY
9/4/2025159.10 JPY
9/3/2025157.50 JPY
9/2/2025159.80 JPY
9/1/2025158.00 JPY
8/29/2025155.80 JPY
8/28/2025157.30 JPY
8/27/2025157.80 JPY
8/26/2025156.50 JPY
8/25/2025159.90 JPY
8/22/2025162.90 JPY
8/21/2025163.00 JPY
8/20/2025165.00 JPY
8/19/2025165.50 JPY
8/18/2025164.60 JPY
8/15/2025163.00 JPY
8/14/2025162.00 JPY
8/13/2025162.90 JPY
8/12/2025163.00 JPY
8/8/2025160.00 JPY
8/7/2025156.50 JPY
8/6/2025153.10 JPY
8/5/2025154.30 JPY
8/4/2025153.10 JPY
Access this data via the Eulerpool API

NTT Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
13.14 T JPY
1.99 T JPY
1.21 T JPY
Jan 1, 2024
13.37 T JPY
2.08 T JPY
1.28 T JPY
Jan 1, 2025
13.70 T JPY
1.82 T JPY
1.00 T JPY
Jan 1, 2026 (e)
14.19 T JPY
1.98 T JPY
1.06 T JPY
Jan 1, 2027 (e)
15.08 T JPY
2.11 T JPY
1.04 T JPY
Jan 1, 2028 (e)
15.64 T JPY
2.19 T JPY
1.13 T JPY
Jan 1, 2029 (e)
16.21 T JPY
2.27 T JPY
1.23 T JPY
Jan 1, 2030 (e)
16.98 T JPY
2.37 T JPY
1.36 T JPY

NTT Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 4:04 AM
 
REVENUET JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMET JPY
EBITT JPY
EBIT MARGIN%
NET INCOMET JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESB
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
11.5411.3911.7811.8811.9011.9412.1613.1413.3713.7014.1915.0815.6416.2116.9817.59
4.02-1.303.430.830.160.371.788.061.812.473.516.303.713.644.773.56
51.2551.4749.7649.3549.2749.0848.2344.6343.8342.7851.4751.4751.4751.4751.4751.47
5.915.865.865.865.865.865.865.865.865.867.307.768.058.348.749.05
1.381.611.992.011.771.881.971.992.081.821.982.112.192.272.372.46
11.9614.1716.9116.9314.8915.7516.1715.1515.5713.2713.9713.9713.9713.9713.9713.97
0.740.800.900.850.860.921.181.211.281.001.061.041.131.231.361.41
42.408.4612.22-4.830.097.1228.912.715.47-21.845.88-1.998.509.0211.163.09
120.00135.00160.00190.0097.50110.00120.0062.505.205.257.909.1010.48
-14.2912.5018.5218.75-48.6812.829.09-47.92-91.680.9650.4815.1915.16
4.214.093.993.883.7092.3089.6787.1584.8083.6183.6183.6183.6183.6183.6183.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales NTT generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue NTT retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare NTT's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares NTT has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against NTT's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

NTT stock margins

The NTT margin analysis displays the gross margin, EBIT margin, as well as the profit margin of NTT. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for NTT.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
51.47 %
15.75 %
7.67 %
Jan 1, 2022
51.47 %
16.17 %
9.72 %
Jan 1, 2023
51.47 %
15.15 %
9.23 %
Jan 1, 2024
51.47 %
15.57 %
9.57 %
Jan 1, 2025
51.47 %
13.27 %
7.30 %
Jan 1, 2026 (e)
51.47 %
13.97 %
7.46 %
Jan 1, 2027 (e)
51.47 %
13.97 %
6.88 %
Jan 1, 2028 (e)
51.47 %
13.97 %
7.20 %

NTT Stock Revenue, EBIT, Earnings per Share

The NTT earnings per share therefore indicates how much revenue NTT has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
129.40 JPY
20.38 JPY
9.93 JPY
Jan 1, 2022
135.57 JPY
21.92 JPY
13.17 JPY
Jan 1, 2023
150.73 JPY
22.84 JPY
13.92 JPY
Jan 1, 2024
157.72 JPY
24.56 JPY
15.09 JPY
Jan 1, 2025
163.91 JPY
21.75 JPY
11.96 JPY
Jan 1, 2026 (e)
169.66 JPY
23.71 JPY
12.66 JPY
Jan 1, 2027 (e)
180.36 JPY
25.21 JPY
12.41 JPY
Jan 1, 2028 (e)
187.05 JPY
26.14 JPY
13.47 JPY

NTT business model & stock analysis

Nippon Telegraph and Telephone Corp, also known as NTT Corp, is a Japanese company operating in the telecommunications and IT sectors. It has become one of the world's largest telecommunications companies and is known for its innovative solutions and technology. NTT Corp was founded in 1952 as a state-owned company, with its main task being the establishment and management of telecommunications networks in Japan. In 1985, the company was privatized and renamed NTT Corp. Since then, it has evolved into a global company operating in multiple business sectors. Its business model is based on various divisions, including telecommunications networks, IT services, and system integration. NTT Corp primarily operates in Japan, providing services such as fixed-line telephony, broadband internet, and mobile communication. In recent years, the company has expanded its presence in other markets and now offers telecommunications services in countries such as the United States and Europe. In the IT services sector, NTT Corp offers solutions to businesses and other organizations. These solutions range from software development and IT infrastructure implementation to cloud-based services and security solutions. In response to the growing market for IoT and artificial intelligence, the company has expanded its business in this area. The system integration division of NTT Corp provides IT systems and services tailored to the specific needs of businesses. These services include the creation of IT systems, maintenance of data centers, and support in the implementation of technologies such as virtualization and automation. In addition to the aforementioned divisions, NTT Corp also operates various subsidiaries and joint ventures in areas such as television, satellite, and media technology, electronics production, and financial services. Its product range includes a wide range of services and products tailored to the needs of businesses and consumers, such as telephones, broadband internet access, mobile communication devices and services, cloud-based services, security solutions, and IT systems. Overall, NTT Corp is a versatile company operating in various industries and internationally. With its decades of experience in the telecommunications industry and its innovations in the IT and system integration fields, the company has become a market leader and will continue to play an important role in the global technology market in the future.

NTT SWOT Analysis

Strengths

NTT Corp, founded in 1952, is one of the largest telecommunications companies in the world. It benefits from several strengths which contribute to its success:

  • Strong market position: NTT holds a dominant market position in the telecommunications industry in Japan, enjoying a large customer base and high brand recognition.
  • Diversified revenue streams: The company operates across various business segments including fixed-line, mobile, and data communications, allowing it to generate multiple sources of income.
  • Technological expertise: With its years of experience and cutting-edge technologies, NTT is at the forefront of innovation, giving it a competitive advantage in offering advanced products and services.
  • Robust infrastructure: NTT boasts an extensive network infrastructure, providing reliable and high-quality connectivity services to both consumer and corporate clients.
  • Strategic partnerships: The company has established partnerships with global technology leaders, enhancing its capabilities and expanding its reach in domestic and international markets.

Despite its strengths, NTT Corp faces certain weaknesses that it needs to address:

  • Regulatory challenges: The telecommunications industry is subject to stringent regulations, which may limit NTT's flexibility in certain areas and impede its ability to quickly adapt to market changes.
  • Slow decision-making process: Being a large organization, NTT's decision-making process might be slower compared to smaller competitors, potentially hindering its responsiveness to market demands.
  • Overreliance on the domestic market: NTT's heavy reliance on the Japanese market exposes it to potential risks and fluctuations in the country's economy, making it vulnerable to market downturns.

NTT Corp can capitalize on the following opportunities to further enhance its position in the telecommunications industry:

  • Expansion into emerging markets: Growing demand for technology services in emerging economies presents an opportunity for NTT to expand its global footprint and tap into new customer segments.
  • Cloud computing and digital services: The increasing adoption of cloud computing and digital technologies opens avenues for NTT to develop and offer innovative solutions, such as cybersecurity and data analytics.
  • 5G networks: As the deployment of 5G networks gains momentum, NTT can capitalize on the demand for high-speed and reliable connectivity by offering innovative 5G services.

NTT Corp should be aware of the following threats that could potentially impact its business operations negatively:

  • Intense competition: The telecommunications industry is highly competitive, with both domestic and international players vying for market share. NTT faces the risk of losing customers to competitors with similar services and pricing strategies.
  • Rapid technological advancements: While NTT has technological expertise, the rapid pace of technological advancements poses the risk of potential disruption and the emergence of new, agile competitors.
  • Changing consumer preferences: Shifts in consumer preferences and behavior, such as the increasing use of mobile devices over fixed-line services, may require NTT to adapt its offerings and marketing strategies to remain relevant.

Weaknesses

Despite its strengths, NTT Corp faces certain weaknesses that it needs to address:

  • Regulatory challenges: The telecommunications industry is subject to stringent regulations, which may limit NTT's flexibility in certain areas and impede its ability to quickly adapt to market changes.
  • Slow decision-making process: Being a large organization, NTT's decision-making process might be slower compared to smaller competitors, potentially hindering its responsiveness to market demands.
  • Overreliance on the domestic market: NTT's heavy reliance on the Japanese market exposes it to potential risks and fluctuations in the country's economy, making it vulnerable to market downturns.

NTT Corp can capitalize on the following opportunities to further enhance its position in the telecommunications industry:

  • Expansion into emerging markets: Growing demand for technology services in emerging economies presents an opportunity for NTT to expand its global footprint and tap into new customer segments.
  • Cloud computing and digital services: The increasing adoption of cloud computing and digital technologies opens avenues for NTT to develop and offer innovative solutions, such as cybersecurity and data analytics.
  • 5G networks: As the deployment of 5G networks gains momentum, NTT can capitalize on the demand for high-speed and reliable connectivity by offering innovative 5G services.

NTT Corp should be aware of the following threats that could potentially impact its business operations negatively:

  • Intense competition: The telecommunications industry is highly competitive, with both domestic and international players vying for market share. NTT faces the risk of losing customers to competitors with similar services and pricing strategies.
  • Rapid technological advancements: While NTT has technological expertise, the rapid pace of technological advancements poses the risk of potential disruption and the emergence of new, agile competitors.
  • Changing consumer preferences: Shifts in consumer preferences and behavior, such as the increasing use of mobile devices over fixed-line services, may require NTT to adapt its offerings and marketing strategies to remain relevant.

Opportunities

NTT Corp can capitalize on the following opportunities to further enhance its position in the telecommunications industry:

  • Expansion into emerging markets: Growing demand for technology services in emerging economies presents an opportunity for NTT to expand its global footprint and tap into new customer segments.
  • Cloud computing and digital services: The increasing adoption of cloud computing and digital technologies opens avenues for NTT to develop and offer innovative solutions, such as cybersecurity and data analytics.
  • 5G networks: As the deployment of 5G networks gains momentum, NTT can capitalize on the demand for high-speed and reliable connectivity by offering innovative 5G services.

NTT Corp should be aware of the following threats that could potentially impact its business operations negatively:

  • Intense competition: The telecommunications industry is highly competitive, with both domestic and international players vying for market share. NTT faces the risk of losing customers to competitors with similar services and pricing strategies.
  • Rapid technological advancements: While NTT has technological expertise, the rapid pace of technological advancements poses the risk of potential disruption and the emergence of new, agile competitors.
  • Changing consumer preferences: Shifts in consumer preferences and behavior, such as the increasing use of mobile devices over fixed-line services, may require NTT to adapt its offerings and marketing strategies to remain relevant.

Threats

NTT Corp should be aware of the following threats that could potentially impact its business operations negatively:

  • Intense competition: The telecommunications industry is highly competitive, with both domestic and international players vying for market share. NTT faces the risk of losing customers to competitors with similar services and pricing strategies.
  • Rapid technological advancements: While NTT has technological expertise, the rapid pace of technological advancements poses the risk of potential disruption and the emergence of new, agile competitors.
  • Changing consumer preferences: Shifts in consumer preferences and behavior, such as the increasing use of mobile devices over fixed-line services, may require NTT to adapt its offerings and marketing strategies to remain relevant.

NTT Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

NTT historical P/E ratio, EBIT multiple, and P/S ratio

NTT annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

NTT shares outstanding

The number of shares of NTT was 83.61 B in 2025. This indicates how many shares NTT is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
92.30 B Stocks
Jan 1, 2022
89.67 B Stocks
Jan 1, 2023
87.15 B Stocks
Jan 1, 2024
84.80 B Stocks
Jan 1, 2025
83.61 B Stocks
Jan 1, 2026 (e)
83.61 B Stocks
Jan 1, 2027 (e)
83.61 B Stocks
Jan 1, 2028 (e)
83.61 B Stocks

NTT stock splits

In NTT's history, there have been no stock splits.

NTT Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20262.65JPYYTD
Mar 30, 20262.65JPY 0.0%1/1
20255.25JPY 1.0%
Mar 28, 20252.60JPY 0.0%1/2
Sep 29, 20252.65JPY 1.9%2/2
20245.20JPY 91.7%
202362.50JPY 47.9%
2022120.00JPY 9.1%
2021110.00JPY 12.8%
202097.50JPY 48.7%
2019190.00JPY 18.8%
2018160.00JPY 18.5%
2017135.00JPY 12.5%

NTT dividend history and estimates

In 2025, NTT paid a dividend amounting to 5.25 JPY. Dividend means that NTT distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
110.00 JPY
0.00 JPY
Jan 1, 2022
120.00 JPY
0.00 JPY
Jan 1, 2023
62.50 JPY
0.00 JPY
Jan 1, 2024
5.20 JPY
0.00 JPY
Jan 1, 2025
5.25 JPY
0.00 JPY
Jan 1, 2026
7.90 JPY
0.00 JPY
Jan 1, 2027 (e)
0.00 JPY
9.10 JPY
Jan 1, 2028 (e)
0.00 JPY
10.48 JPY

NTT dividend payout ratio

In 2025, NTT had a payout ratio of 43.89%. The payout ratio indicates the percentage of the company's profits that NTT distributes as dividends.
  • 3 Years

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  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
42.31 %
Jan 1, 2022
36.44 %
Jan 1, 2023
35.20 %
Jan 1, 2024
34.46 %
Jan 1, 2025
43.89 %
Jan 1, 2026 (e)
62.38 %
Jan 1, 2027 (e)
73.30 %
Jan 1, 2028 (e)
77.80 %

Current NTT forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
61.11 % (11)
Hold
38.89 % (7)
Sell
0.00 % (0)
12M Price Target
186.66
Last Price
151.00
Currency
JPY
12M Return Potential
23.62 %
LTM Return
0 %

NTT Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/10/20243.31JPY-3.64 TJPY-2024 Q4
2/7/20243.98JPY-3.35 TJPY-2024 Q3
8/7/2023101.00JPY-3.23 TJPY-2024 Q1
5/10/202342.98JPY-3.38 TJPY-2023 Q4
2/6/2023105.48JPY-3.20 TJPY-2023 Q3
11/8/2022100.76JPY-3.15 TJPY-2023 Q2
8/8/202297.88JPY-3.01 TJPY-2023 Q1
5/12/202238.56JPY-3.27 TJPY-2022 Q4
2/7/202290.44JPY-3.12 TJPY-2022 Q3
11/10/202183.90JPY-3.04 TJPY-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the NTT stock

91/100
99
Environment
94
Social
80
Governance
E

Environment

20
Scope 1 - Direct Emissions150,000
Scope 2 - Indirect emissions from purchased energy3,840,000
Scope 3 - Indirect emissions within the value chain18,830,000
Total CO₂ emissions3,990,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

NTT shareholder structure

% Name
2.59567%
Nomura Asset Management Co., Ltd.
Nomura Asset Management Co., Ltd.
1.13996%
Nikko Asset Management Co., Ltd.
Nikko Asset Management Co., Ltd.
1.12054%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.11422%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.11421%
Daiwa Asset Management Co., Ltd.
Daiwa Asset Management Co., Ltd.
0.54319%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
...

NTT Beneficial Ownership Filings (SEC 13D/G)

Free Float
60.9%
Float Shares
-
Shares Outstanding
-

NTT Executives and Management Board

22 members · avg. age 65 · 36 % women

AS

Mr. Akira Shimada (65)

President, Executive President, Chief Executive Officer, Representative Director · since 2012

131.00 M JPY

Management

TH

Mr. Takashi Hiroi (61)

Vice President, Chief Financial Officer, Executive Vice President, Representative Director · since 2015

SS

Mr. Shuji Sakamoto

Executive Officer, Chief Human Resource Officer, Chief Compliance Officer

KK

Mr. Katsuhiko Kawazoe (62)

Vice President, Executive Vice President, Chief Technology Officer, Representative Director · since 2018

TY

Mr. Tadao Yanase

Executive Vice President, Manager of Business Planning Office, Chief Business Development Officer

KI

Mr. Kei Ikeda

Managing Executive Officer, Chief Information Officer, Co-Chief Artificial Intelligence Officer, Manager of Technology Planning

SO

Ms. Sachiko Ohnishi (57)

Managing Director, Managing Executive Officer, Chief Director of R&D Marketing, Chief Customer Experience Officer, Co-Chief Artificial Intelligence Officer · since 2023

Board of Directors

JS

Mr. Jun Sawada (68)

Chairman of the Board · since 2014

107.00 M JPY
NE

Ms. Noriko Endo (56)

Independent Director

KS

Mr. Ken Sakamura (72)

Independent Director

NT

Ms. Natsuko Takei (63)

Independent Director

YU

Ms. Yukako Uchinaga (77)

Independent Director

KW

Mr. Koichiro Watanabe (71)

Independent Director

NTT Supply Chain

NTT Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Mitsubishi
Supplier·Customer·Trading Companies & Distributors·JP
0.76
-0.02
0.25
0.70
0.86
0.93
1.82
2
NTT DATA
Supplier·Customer·IT Services·JP
0.78
0.26
0.85
0.07
0.77
0.92
3
Seven & I Holdings
Supplier·Customer·Food & Staples Retailing·JP
0.71
0.23
0.20
0.71
0.73
0.91
1.29
4
Toyota Motor
Supplier·Customer·Automobiles·JP
0.68
0.45
0.27
0.14
0.61
0.89
1.32
5
TIS
Customer·IT Services·JP
0.68
0.74
0.75
-0.11
0.10
0.76
0.23
#Nameβ 1YTrend
1
Uchida Esco
Supplier·Software·JP
-0.47
-0.28
0.43
0.50
2
Proofpoint, Inc.
Supplier·US
0.84
0.70
0.92
0.55
0.82
3
Pluralsight, Inc.
Supplier·US
0.77
0.84
0.68
0.75
4
Taylor Devices
Supplier·Machinery·US
0.75
-0.16
-0.88
-0.81
-0.86
5
Yokota Manufacturing
Supplier·Machinery·JP
0.74
-0.22
-0.71
-0.75
-0.84

Frequently asked questions about NTT

Nippon Telegraph and Telephone Corp (NTT) has achieved several significant milestones throughout its history. As a leading telecommunications company in Japan, NTT has played a vital role in revolutionizing the industry. Some notable milestones include the establishment of Japan's first nationwide fiber-optic network, introducing key advancements in mobile communication technologies, pioneering research and development in artificial intelligence and robotics, and expanding its global presence through strategic partnerships and acquisitions. NTT has consistently demonstrated its commitment to innovation and delivering cutting-edge solutions to meet the evolving needs of the digital age.

Nippon Telegraph and Telephone Corp. (NTT) operates with a diversified business model. As a leading Japanese telecommunications company, NTT provides a wide range of services including fixed-line and mobile communications, internet connectivity, and data centers. Additionally, the company offers system integration, IT consulting, and network management services. NTT aims to enhance their customers' experiences through advanced technology solutions and innovative digital infrastructure. By continuously investing in research and development, NTT strives to lead in areas such as 5G technology, cloud services, and artificial intelligence. NTT's comprehensive business model enables them to cater to the evolving needs of individuals, businesses, and society as a whole.

Nippon Telegraph and Telephone Corp (NTT) is primarily active in various industries such as telecommunications, information technology, and networking services. With its extensive reach and innovation, NTT offers a wide range of solutions and services including fixed-line and mobile telephony, internet access, data centers, cloud computing, cybersecurity, and collaboration tools. As a leading Japanese company, NTT plays a vital role in connecting people, businesses, and societies, driving technological advancements, and enabling seamless communication and digital transformation across industries worldwide.

The main competitors of Nippon Telegraph and Telephone Corp in the market include companies such as SoftBank Group Corp, KDDI Corporation, and Verizon Communications Inc. These companies compete with Nippon Telegraph and Telephone Corp in various sectors of the telecommunications industry, offering similar services and solutions. However, Nippon Telegraph and Telephone Corp's strong market presence, extensive infrastructure, and wide range of innovative products and services differentiate it from its competitors, allowing the company to maintain a competitive edge in the market.

Nippon Telegraph and Telephone Corp (NTT) is a Japanese telecommunications company with a rich history dating back to its establishment in 1952. Originally a state-owned enterprise, NTT played a vital role in Japan's post-war industrialization. Over the years, NTT expanded its operations and became a global leader in providing integrated telecommunication services. The company has consistently evolved to meet changing market demands and technological advancements. Today, NTT offers an extensive range of services, including fixed and mobile telephony, internet, data, and IT solutions. With its strong commitment to innovation and customer satisfaction, NTT continues to shape the telecommunications industry on a global scale.

Nippon Telegraph and Telephone Corp (NTT) is primarily present in Japan. As one of the world's largest telecommunications companies, NTT operates mainly within its home country. With its extensive network infrastructure and telecommunications services, NTT has established a significant presence in various regions across Japan. Through its subsidiaries and affiliates, NTT also offers global network services and solutions, ensuring seamless connectivity for customers worldwide. However, it is important to note that NTT's main focus and operations are centered in Japan, where it continues to innovate and drive the telecommunications industry forward.

Nippon Telegraph and Telephone Corp (NTT) represents a strong commitment to innovation, reliability, and customer satisfaction. With its corporate philosophy centered on Integrity, Accountability, and Innovation, NTT strives to provide cutting-edge telecommunication services and solutions. The company values integrity by fostering a transparent and ethical business environment. It emphasizes accountability through fulfilling social responsibilities and meeting stakeholders' expectations. NTT's corporate philosophy also focuses on promoting groundbreaking technologies and ideas, fostering a culture of innovation that drives its success. By prioritizing these values, NTT continues to be a trusted leader in the telecommunications industry.

Analysts currently set an average price target of 182.12 JPY for the NTT stock (median: 186.66 JPY), implying +20.6 % versus the latest price. The consensus is based on 18 analyst ratings.

18 analysts currently rate the NTT stock: 11 recommend buying, 7 holding and 0 selling. For 2026, analysts expect NTT to generate revenue of 14.19 T JPY and earnings per share of 12.66 JPY.

Converted at the current exchange rate, the NTT share trades at 0.84 EUR (152.40 JPY).

The NTT share (9432.T) is listed on 6 stock exchanges, including: Frankfurt (NTT.F), München (NTT.MU), Düsseldorf (NTT.DU), Wien (NITT.VI).

The company Nippon Telegraph and Telephone Corporation (NTT Corp.) is a Japanese telecommunications company that offers a variety of products and services. The company is divided into various divisions, including telecommunications, smart infrastructure, cloud services, and system integration. In the telecommunications sector, NTT Corp. offers a wide range of telecommunications services, such as fixed-line and mobile telephony, broadband internet access, fiber optic cables, and satellite transmission. The company is a major mobile service provider in Japan and operates the largest fiber optic network in the country. NTT serves both private and business customers with its telecommunications services. NTT Corp. is also a major provider of cloud services. The company operates several cloud platforms, including the Enterprise Cloud Platform and the Cloud Network Platform. These platforms offer a variety of cloud-based solutions to businesses, such as infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). These solutions enable businesses to optimize their IT infrastructure and streamline their operations. NTT Corp. also offers smart infrastructure solutions, such as smart building technology and smart cities. These solutions help businesses and governments improve the efficiency and security of their infrastructure. The company also operates an R&D lab that focuses on the development of innovative technologies. Another important business area for NTT Corp. is system integration. The company provides customized solutions for businesses, ranging from network integration to application development. NTT's system integration allows businesses to improve the efficiency of their IT infrastructure and optimize their operations. NTT Corp. also offers a variety of products, including mobile phones, smartphones, and network devices. The company is a major producer of communication devices and offers a wide range of devices suitable for both personal and business use. In conclusion, NTT Corp.'s business activities are diverse and encompass a variety of products and services. The company has a strong presence in the telecommunications, cloud computing, and smart infrastructure sectors. With its diversified business divisions, NTT Corp. is well-positioned to meet the future market demands.

The expected revenue of NTT is 14.19 T JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of NTT is 1.06 T JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of NTT is currently 12.03. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the NTT stock.

The price-to-sales ratio (P/S) of NTT is currently 0.90. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the NTT stock.

The Eulerpool Quality Score for NTT is 2/10.

The ISIN of NTT is JP3735400008. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of NTT is 873029. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of NTT is 9432.T. The ticker symbol is used to trade NTT shares on the stock exchange.

Over the past 12 months, NTT paid a dividend of 5.25 JPY . This corresponds to a dividend yield of about 3.44 %. For the coming 12 months, NTT is expected to pay a dividend of 9.10 JPY.

The current dividend yield of NTT is 3.44 %.

NTT pays a dividend, distributed in the months of , , , .

NTT paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 9.10 JPY are expected. This corresponds to a dividend yield of 5.97 %.

NTT is assigned to the 'Communication' sector.

To receive the latest dividend of NTT from amounting to 2.65 JPY, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, NTT distributed 4.9 JPY as dividends.

The dividends of NTT are distributed in JPY.

All fundamentals and in-depth analysis of NTT

Our stock analysis for NTT stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of NTT. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.