Nippon Telegraph and Telephone Corp. expects unconsolidated pretax profits of 119 billion yen on operating revenues of 364 billion yen for fiscal 2000.
In its fiscal 2000 management plan submitted Tuesday for approval to Eita Yashiro, posts and telecommunications minister, NTT said capital outlays for fiscal 2000 will total 52 billion yen. The new fiscal year begins April 1.
NTT's priority operations for fiscal 2000 include promoting advisory services to its two regional telephone companies -- Nippon Telegraph and Telephone East Corp. and Nippon Telegraph and Telephone West Corp. -- in order to realize stable, high-quality "universal" telecom services.
NTT East and NTT West were created in a July 1999 reorganization of NTT, which is 59 percent government owned.
NTT will also promote research and development programs to further advance telecom-network technologies, including energy-saving multimedia systems and safer electronic commerce systems.
In addition, NTT plans to study optics and other basic technologies with the goal of creating a "photonic network" capable of handling huge amounts of digital information.
In a separate report presented to the telecom minister, NTT East said it expects unconsolidated pretax profits of 18 billion yen on operating revenues of 2.77 trillion yen for fiscal 2000.
The company plans to set aside 550 billion yen for capital spending.
In contrast, NTT West anticipates unconsolidated pretax losses of 99 billion yen on operating revenues of 2.636 trillion yen in the coming fiscal year. Its equipment investment is projected at 532 billion yen.