Announcement • Sep 26
NTT DATA Group Corporation(TSE:9613) dropped from FTSE All-World Index (USD) NTT DATA Group Corporation(TSE:9613) dropped from FTSE All-World Index (USD) Price Target Changed • Sep 10
Price target increased by 11% to JP¥3,470 Up from JP¥3,125, the current price target is an average from 6 analysts. New target price is 13% below last closing price of JP¥3,970. The company is forecast to post earnings per share of JP¥141 for next year compared to JP¥102 last year. Price Target Changed • Aug 20
Price target increased by 11% to JP¥3,728 Up from JP¥3,364, the current price target is an average from 8 analysts. New target price is 5.7% below last closing price of JP¥3,954. The company is forecast to post earnings per share of JP¥140 for next year compared to JP¥102 last year. Board Change • Aug 20
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Éric Lamarre was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 07
Ntt Data Launches Global Business Unit for Microsoft Cloud to Accelerate Enterprise Transformation in the Ai Era NTT DATA announced its NTT Data business unit for Microsoft Cloud to meet rising demand for secure, AI-driven enterprise cloud transformation. The global unit brings together NTT DATA's deep industry and technical expertise in Microsoft Cloud, security and AI solutions to accelerate cloud modernization, scale Agentic AI and navigate complex sovereignty and compliance requirements. With a presence across more than 50 countries and a deep bench of Microsoft certified specialists holding 24,000 certifications, the NTT DATA business unit for Microsoft Cloud helps clients accelerate digital transformation globally. This unit brings together technical expertise in cloud-native development, cybersecurity, observation and Agentic AI, while staying closely aligned with Microsoft's technology roadmap and engineering teams. Led by Aishwarya Singh, Senior Vice President and Head of the Global Business Unit for Microsoft Cloud, the unit buildson NTT DATA's longstanding strategic alliance with Microsoft to elevate existing capabilities and expands its global reach, reinforcing NTT DATA's role as a trusted enterprise transformation partner. To accelerate adoption, NTT DATA is aligning its sales, pre-sales and delivery teams with Microsoft to help clients design, build, secure, migrate and implement solutions on Microsoft Cloud that deliver measurable business impact across industries and regulated markets. Core areas of focus include: Agentic AI at scale: Helping clients rapidly scale AI agents with Microsoft 365 Copilot and Microsoft Azure AI Foundry enabling real-time voice communications and intelligent orchestration with speed, efficiency and ethical integrity. Modern cloud solutions: Supporting organizations in building and updating applications In Microsoft Azure to boost agility, reduce complexity and stay ahead of change. Developer acceleration: Empowering Azure developers to accelerate cloud-native development with a microservices library of 500+ industry-accelerators, built on top of NTT DATA's Industry Cloud platform. Enhanced digital experience: Enabling more connected, collaborative workplaces with Microsoft 365 and transforming customer engagement through integrated Microsoft Dynamics 365 Contact Center solutions. Sovereign cloud adoption: NTT DATA is one of the few Microsoft partners collaborating on Sovereign Cloud specialized under Microsoft AI Cloud partner program. Driving agentic AI adoption at scale: Today's announcement also follows strong momentum for NTT DATA's recently launched Agentic AI Services for Hyperscaler AI Technologies, built on Azure and Azure AI Foundry. In just 90 days, these services have generated nearly 100 enterprise client opportunities, including Newell Brands. This interest underscores the growing demand for AI-powered automation, intelligent workflows and seamless enterprise integration and the need for scalable solutions that move AI out of the lab and into production. NTT DATA is also scaling support for multi-agent models by leveraging Azure AI Agent Service on Azure AI Foundry. As a result, NTT DATA can help clients build, manage and orchestrate multi-agent workflows across multiple platforms. Providing next-generation service delivery: NTT DATA is uniquely positioned to lead cloud-native business transformation in the AI era with deep expertise across Azure, Agentic AI and Industry Cloud ecosystems. Backed by 27 Advanced Specializations, including Security, Data & AI for Azure, Infrastructure, Digital & App Innovation and AI Business Solutions, NTT DATA helps enterprises accelerate big data migration and analysis, scale AI and ML workloads with flexibility and implement cost-effective, composable infrastructures that drive innovation and resilience. Announcement • Jul 24
NTT DATA Appoints Beth Howen as President of State, Local and Education NTT DATA, announced the appointment of Beth Howen as the new President of its State and Local Government and Education (SLED) business in North America. Beth brings a wealth of experience as a dynamic and results-driven digital and operations executive. Her career spans leadership roles at Capgemini, Telus International, Atos and the City of Indianapolis, where she led transformative initiatives across strategic planning, process optimization and technology integration. Her efforts have consistently delivered enterprise-wide improvements and positioned organizations for long-term growth. Beth has successfully led large-scale transformation projects and secured major deals with numerous state and local government agencies. Her deep expertise in public sector innovation and her commitment to strategic partnerships will be instrumental as she leads NTT DATA’s SLED team with a renewed focus on education and multi-state initiatives. Announcement • Jul 07
NTT DATA Announces CEO for Europe Changes NTT DATA announced the appointment of Anne-Sophie Lotgering as the new Chief Executive Officer for Europe at NTT DATA Inc., effective 1 September 2025. Lotgering succeeds Chieri Kimura and will report directly to NTT DATA Inc. President and Global CEO, Abhijit Dubey. She will also join NTT DATA Inc.’s Executive Leadership Team. Lotgering brings over two decades of leadership experience in IT services and telecommunications, with a strong track record in B2B2C and B2B sales, digital marketing and transformation. She joins NTT DATA from Proximus NXT IT where she served as CEO, overseeing the IT integration of B2B operations across the Netherlands, Luxembourg, and Belgium. Her recent achievements include the successful unification of multiple subsidiaries into a single, agile organization, strategically aligned with high-growth sectors such as cloud, cybersecurity and data. Her career spans senior roles at The Orange Group and Microsoft, where she was General Manager at Microsoft Services for Central and Eastern Europe. Lotgering also brings extensive board experience across both non-profit and for-profit organizations. Lotgering holds both a Master’s and Bachelor’s degree in History of Art from Sorbonne University in Paris. Based in Belgium, she is bilingual in French and English, and conversational in both Dutch and German. Announcement • Jul 04
NTT DATA Group Corporation(TSE:9613) dropped from Nikkei 225 Index NTT DATA Group Corporation has been dropped from the Nikkei 225 Index. Announcement • Jul 02
NTT DATA Appoints Alok Bajpai as Managing Director, India, Global Data Centers NTT DATA has appointed Alok Bajpai the managing director, India, for its Global Data Centers division. In this expanded leadership role, Bajpai will drive the company's growth strategy in one of its most dynamic and rapidly evolving markets.Previously serving as CFO of NTT Global Data Centers India, Bajpai played a pivotal role in advancing strategic initiatives and establishing a strong financial foundation for scalable growth. As managing director, he will now oversee business operations and lead market expansion efforts across the region. Bajpai brings over three decades of global leadership experience across diverse industries. With deep expertise in operational restructuring, financial strategy, and mergers and acquisitions, he has held senior executive roles at companies including AdaniConneX, CSS Corp, Intelligroup, and Infosys. He is a chartered accountant in India, a certified public accountant in the US, and holds a graduate degree in management from Alliance Manchester Business School. Announcement • Jun 20
Nippon Telegraph and Telephone Corporation (TSE:9432) completed the acquisition of remaining 42.27% stake in NTT DATA Group Corporation (TSE:9613) from a group of shareholders. Nippon Telegraph and Telephone Corporation (TSE:9432) proposed to acquire remaining 42.27% stake in NTT DATA Group Corporation (TSE:9613) from a group of shareholders for ¥2.4 trillion on May 8, 2025. A cash consideration valued at ¥4000 per share will be paid by Nippon Telegraph and Telephone Corporation. Upon completion, Nippon Telegraph and Telephone Corporation will own 100% stake in NTT DATA Group Corporation. The transaction will be financed through bridge loans of ¥2.37 trillion.
The minimum number of shares to be purchased is set at 125,314,700 shares. NTT DATA Group Corporation board express its opinion in favor of the Tender Offer and to recommend that the shareholders to tender their shares. The Board of Directors of NTT DATA Group Corporation formed a special committee for the transaction.
The offer commences on May 9, 2025, and ends on June 19, 2025.
If Nippon Telegraph and Telephone Corporation is unable to acquire all of the NTT DATA Group Corporation through the Tender Offer, Nippon Telegraph and Telephone Corporation intends to conduct a series of procedures to become the sole shareholder of NTT DATA Group (the “Squeeze-Out Procedures”). NTT DATA Group has also reached the conclusion that the NTT DATA Group is going private through the Transaction.
Daiwa Securities Capital Markets Co. Ltd. acted as fairness opinion provider for NTT DATA Group Corporation. Nakamura, Tsunoda & Matsumoto acted as legal advisor for NTT DATA Group Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for NTT DATA Group Corporation. Daiwa Securities Capital Markets Co. Ltd. acted as financial advisor for NTT DATA Group Corporation. Nishimura & Asahi acted as legal advisor for NTT DATA Group Corporation. Plutus Consulting Co., Ltd. acted as financial advisor for NTT DATA Group Corporation. Plutus Consulting Co., Ltd. acted as fairness opinion provider for NTT DATA Group Corporation. Nomura Securities Co., Ltd. acted as financial advisor for Nippon Telegraph and Telephone Corporation. Nomura Securities Co., Ltd. acted as fairness opinion provider for Nippon Telegraph and Telephone Corporation. Minoru Sawaguchi, Akira Matsushita, Yohsuke Higashi and Shimpei Ochi of Mori Hamada has advised NTT on its acquisition of NTT Data Group. Masahisa Ikeda, Toshiro Mochizuki of Allen Overy Shearman Sterling US LLP acted as legal advisor to Nippon Telegraph and Telephone Corporation (TSE:9432).
Nippon Telegraph and Telephone Corporation (TSE:9432) completed the acquisition of remaining 42.27% stake in NTT DATA Group Corporation (TSE:9613) from a group of shareholders on June 19, 2025. As part of tender offer, 336,797,773 shares were tendered. After completion of offer, Nippon Telegraph and Telephone Corporation holds 81.75% stake. Nippon Telegraph and Telephone Corporation intends to conduct a series of procedures to become the sole shareholder of the NTT DATA Group Corporation (the “Procedures for Making NTT DATA Group Corporation a Wholly-Owned Subsidiary”). Announcement • May 15
NTT Data Unveils Smart AI Agent Ecosystem, Revolutionizing Industry Solutions with Intelligent Automation and Strategic Alliances NTT DATA announced a comprehensive enterprise-grade Smart AI Agent™? Ecosystem with industry-specific solutions to help clients transform their business. The company also announced a patented plug-in solution that turns legacy bots into autonomous intelligent agents, and an expanded key alliance network for providing best-fit solutions. Comprehensive Smart AI Agent Ecosystem guides clients through AI adoption. NTT DATA's Smart AI Agent Ecosystem builds on previous developments to scale the breadth and agility of scalable agentic AI solutioning. Key components include: Managed agentic services that help clients build, adopt, manage and scale transformative solutions. Solutions with embedded Smart AI Agents that offer assured outcomes for clients, including solutions for specific industries and horizontal functions. Additional Smart AI Agents targeting industry and horizontal needs. Smart AI Agent platform that incorporates integrated tools, utilities, accelerators and best practices; and access to a marketplace with additional agents, large language models (LLMs) and small language models (SLMs). The Smart AI Agent Ecosystem is complemented by an array of proven NTT DATA services including structured readiness and risk assessments, managed services tailored to hyperscaler AI offerings, and multi-agent management services in hybrid vendor environments. Every aspect of the ecosystem is grounded in the company's commitment to responsible AI - ensuring it is trustworthy, ethical and secure by design. industry-leading alliances and partnerships offer deep choice: NTT DATA recently announced a strategic collaboration agreement with OpenAI to drive innovation in generative AI. As part of this agreement, NTT DATA will establish an OpenAI CoE (Center of Excellence) to accelerate the development and deployment of new generative AI services powered by the OpenAI APIs. These services will be tailored to specific industries and business functions, and will be introduced globally to deliver enhanced value to clients. In addition to formal collaborations with technology providers, NTT DATA also has established alliances with world-class innovative startups including, for example: Rafay Systems: Rafay's platform supports NTT DATA's delivery of a scalable, secure and developer-friendly Platform-as-a-Service experience on top of AI infrastructure (GPU PaaS), enabling enterprises to streamline GenAI adoption, reduce operational complexity and accelerate the deployment of production-grade AI workloads. Kore.ai: The enterprise-grade Kore.ai Agent Platform integrates LLMs to enhance Service Desk operations, reduce costs and deliver personalized context-aware support to various clients. Agentic AI services portfolio meets clients where they are with end-to-end ecosystem The company's previously announced Agentic AI Services for Hyperscaler AI Technologies offers a comprehensive suite of cloud-managed services to help organizations harness the full potential of agentic AI by leveraging hyperscaler AI technologies. NTT DATA is rapidly scaling their Agentic AI Services for Hyper AI Technologies to deliver greater value as organizations increasingly mature on agentic AI and adopt multi-AI agent models. For example, leveraging Azure AI Agent Service on Azure AI Foundry, NTT DATA can build, manage and orchestrate multi-agent workflows across multiple platforms. This plug-in capability is especially important to companies that want to adopt AI but are constrained by technological debt. Millions of Robotic Process Automation (RPA) bots have been deployed in the U.S. and the U.S. and will be deployed in hybrid vendor environments. Price Target Changed • May 12
Price target increased by 8.9% to JP¥3,402 Up from JP¥3,125, the current price target is an average from 9 analysts. New target price is 15% below last closing price of JP¥3,980. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥102 last year. Announcement • May 09
NTT DATA Group Corporation, Annual General Meeting, Jun 16, 2025 NTT DATA Group Corporation, Annual General Meeting, Jun 16, 2025. Reported Earnings • May 09
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥102 (up from JP¥95.48 in FY 2024). Revenue: JP¥4.64t (up 6.2% from FY 2024). Net income: JP¥142.5b (up 6.4% from FY 2024). Profit margin: 3.1% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • May 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • May 08
Nippon Telegraph and Telephone Corporation (TSE:9432) proposed to acquire remaining 42.27% stake in NTT DATA Group Corporation (TSE:9613) from a group of shareholders for ¥2.4 trillion. Nippon Telegraph and Telephone Corporation (TSE:9432) proposed to acquire remaining 42.27% stake in NTT DATA Group Corporation (TSE:9613) from a group of shareholders for ¥2.4 trillion on May 8, 2025. A cash consideration valued at ¥4000 per share will be paid by Nippon Telegraph and Telephone Corporation. Upon completion, Nippon Telegraph and Telephone Corporation will own 100% stake in NTT DATA Group Corporation. The transaction will be financed through bridge loans of ¥2.37 trillion.
The minimum number of shares to be purchased is set at 125,314,700 shares. NTT DATA Group Corporation board express its opinion in favor of the Tender Offer and to recommend that the shareholders to tender their shares. The Board of Directors of NTT DATA Group Corporation formed a special committee for the transaction.
The offer commences on May 9, 2025, and ends on June 19, 2025.
If Nippon Telegraph and Telephone Corporation is unable to acquire all of the NTT DATA Group Corporation through the Tender Offer, Nippon Telegraph and Telephone Corporation intends to conduct a series of procedures to become the sole shareholder of NTT DATA Group (the “Squeeze-Out Procedures”). NTT DATA Group has also reached the conclusion that the NTT DATA Group is going private through the Transaction.
Daiwa Securities Capital Markets Co. Ltd. acted as fairness opinion provider for NTT DATA Group Corporation. Nakamura, Tsunoda & Matsumoto acted as legal advisor for NTT DATA Group Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for NTT DATA Group Corporation. Daiwa Securities Capital Markets Co. Ltd. acted as financial advisor for NTT DATA Group Corporation. Nishimura & Asahi acted as legal advisor for NTT DATA Group Corporation. Plutus Consulting Co., Ltd. acted as financial advisor for NTT DATA Group Corporation. Plutus Consulting Co., Ltd. acted as fairness opinion provider for NTT DATA Group Corporation. Nomura Securities Co., Ltd. acted as financial advisor for Nippon Telegraph and Telephone Corporation. Nomura Securities Co., Ltd. acted as fairness opinion provider for Nippon Telegraph and Telephone Corporation. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,492, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 76% over the past three years. Announcement • Mar 27
NTT DATA Group Corporation to Report Fiscal Year 2025 Results on May 08, 2025 NTT DATA Group Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.4%). Announcement • Feb 21
NTT DATA Launches Smart AI Agent to Accelerate Generative AI Adoption NTT DATA announced the international launch of its next-generation Smart AI Agent™?. This advanced AI tool is a cornerstone of the company's strategy to accelerate the adoption of Generative AI, with an estimated $2 billion in revenue that the company aim to achieve from Smart AI Agent™?-related business by 2027. The Smart AI Agent™? autonomously extracts, organizes, and executes tasks in response to user instructions, complementing existing workforces and streamlining time-consuming processes. By enhancing efficiency across industries, the Smart AI Agent™? enables businesses to rapidly evaluate and deploy Generative AI applications, optimizing workflows and driving greater productivity. The Smart AI Agent is already making an impact in key sectors. It's enhancing DevOps data analysis efficiency in the automotive industry, improving regulatory reporting processes for the banking sector, and optimizing the marketing cycle for a major gas manufacturer. Key capabilities of the Smart AI Agent™? at launch include: Task Planning: Automating complex workflows by autonomously dividing tasks into streamlined processes; Multi-Agent Collaboration: Enabling multiple AI agents to work together on workflows for improved efficiency and effectiveness; Advanced Retrieval-Augmented Generation (RAG): Providing contextual searches of internal corporate data for higher quality results; Agent Ops: Generating validation data from business documents to optimize operational processes; User-in-the-Loop (UITL): Coming in March 2025, UITL capabilities will continuously improve agent workflows based on user feedback, creating a cycle of autonomous optimization. NTT DATA's end-to-end Smart AI Agent™? solution includes consulting, implementation, and ongoing support, ensuring seamless integration across businesses. While many enterprises use public cloud services to leverage Generative AI, NTT DATA recognizes that security-conscious companies require private cloud solutions. The company provides optimal infrastructure for both public and private environments, ensuring confidentiality and compliance. In addition to creating significant value for businesses, Smart AI Agent™ also addresses the global talent gap. By automating repetitive tasks, it allows workforces to focus on more strategic, value-added activities. Reported Earnings • Feb 07
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥27.58 (up from JP¥21.91 in 3Q 2024). Revenue: JP¥1.17t (up 6.4% from 3Q 2024). Net income: JP¥38.7b (up 26% from 3Q 2024). Profit margin: 3.3% (up from 2.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 20
NTT DATA Group Corporation to Report Q3, 2025 Results on Feb 06, 2025 NTT DATA Group Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 03
First half dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Reported Earnings • Nov 07
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥26.07 (up from JP¥18.09 in 2Q 2024). Revenue: JP¥1.13t (up 6.1% from 2Q 2024). Net income: JP¥36.5b (up 44% from 2Q 2024). Profit margin: 3.2% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. New Risk • Sep 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Sep 20
NTT DATA Group Corporation to Report Q2, 2025 Results on Nov 06, 2024 NTT DATA Group Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.4%). Reported Earnings • Aug 07
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥15.15 (down from JP¥19.73 in 1Q 2024). Revenue: JP¥1.11t (up 9.6% from 1Q 2024). Net income: JP¥21.2b (down 23% from 1Q 2024). Profit margin: 1.9% (down from 2.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,876, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,428 per share. Declared Dividend • Jul 11
Final dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 23
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥95.48 (down from JP¥107 in FY 2023). Revenue: JP¥4.37t (up 25% from FY 2023). Net income: JP¥133.9b (down 11% from FY 2023). Profit margin: 3.1% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 22
NTT DATA Group Corporation to Report Q1, 2025 Results on Aug 06, 2024 NTT DATA Group Corporation announced that they will report Q1, 2025 results on Aug 06, 2024 Announcement • May 12
NTT DATA Group Corporation, Annual General Meeting, Jun 18, 2024 NTT DATA Group Corporation, Annual General Meeting, Jun 18, 2024. Reported Earnings • May 11
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥95.48 (down from JP¥107 in FY 2023). Revenue: JP¥4.37t (up 25% from FY 2023). Net income: JP¥133.9b (down 11% from FY 2023). Profit margin: 3.1% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Announcement • Mar 23
NTT DATA Group Corporation to Report Fiscal Year 2024 Results on May 09, 2024 NTT DATA Group Corporation announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Reported Earnings • Feb 09
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: JP¥21.91 (down from JP¥23.49 in 3Q 2023). Revenue: JP¥1.10t (up 6.1% from 3Q 2023). Net income: JP¥30.7b (down 6.7% from 3Q 2023). Profit margin: 2.8% (down from 3.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
NTT DATA Announces Innovation Operating System NTT DATA have unveiled a new Innovation Operating System (OS). The OS is a framework for continuous innovation that helps companies generate and evaluate breakthrough ideas and rapidly prototype, test, and scale promising concepts. Innovation OS brings together the framework, roadmap, and tool set needed to prepare organizations for enterprise-level innovation. Innovation OS helps companies identify blind spots, weak systems, and strategic errors holding them back. It provides an infrastructure for working, a guided pathway for each segment of the innovation process, and establishes management, collaboration, and communication ground rules that promote momentum. Announcement • Dec 17
NTT DATA Group Corporation to Report Q3, 2024 Results on Feb 07, 2024 NTT DATA Group Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Announcement • Nov 17
NTT DATA Appoints Tammy Soares President of Launch by NTT DATA NTT DATA announced that Tammy Soares has joined the company as President of Launch by NTT DATA to help the company deliver bold digital experiences. She succeeds Mark Orttung and will focus on accelerating the growth of the Launch team's digital product business. Soares brings over 25 years of experience to her new role and a career journey fueled by her fascination with technology's innate ability to make the impossible possible. Soares joins NTT DATA from Soul Machines, a customer experience startup that is pioneering autonomously animated Digital People, where she served as the Chief Revenue Officer. Prior to that, Soares held pivotal positions at Accenture, where she first served as the President of Accenture Song West, a division dedicated to creating extraordinary experiences. Next, she assumed the role of Head of Innovation within Accenture's West market unit, where she led programs designed to ignite transformative thinking. As President and CEO of Rosetta Marketing, a Publicis agency, Soares led a successful turnaround by integrating and revitalizing the team and creating a sharp focus on customer engagement. Beyond her career milestones, Soares is recognized in the industry as an inspiring leader dedicated to building talent and quality products alike. In 2016, she was honored among Ad Age's Women to Watch, which recognizes women who have left an indelible mark on the worlds of media, marketing and advertising. Her creative prowess was further acknowledged with a Silver Cannes Lion award for her work with Samsung, in addition to multiple W(3) Awards. Soares' active participation in the 3% Conference underscores her commitment to celebrating and championing female creative talent and leadership. Reported Earnings • Nov 07
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥18.09 (down from JP¥23.56 in 2Q 2023). Revenue: JP¥1.06t (up 53% from 2Q 2023). Net income: JP¥25.4b (down 23% from 2Q 2023). Profit margin: 2.4% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
NTT DATA Group Corporation to Report Q2, 2024 Results on Nov 06, 2023 NTT DATA Group Corporation announced that they will report Q2, 2024 results on Nov 06, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥11.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.5%). Price Target Changed • Aug 17
Price target decreased by 9.2% to JP¥2,256 Down from JP¥2,484, the current price target is an average from 15 analysts. New target price is 22% above last closing price of JP¥1,845. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥107 last year. New Risk • Aug 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin). Reported Earnings • Aug 09
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥19.73 (down from JP¥28.33 in 1Q 2023). Revenue: JP¥1.01t (up 50% from 1Q 2023). Net income: JP¥27.7b (down 30% from 1Q 2023). Profit margin: 2.7% (down from 5.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Jun 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director and Audit & Supervisory Board Member Nobuyuki Tainaka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 26
NTT DATA Corporation to Report Q1, 2024 Results on Aug 08, 2023 NTT DATA Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • Jun 24
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥107 (up from JP¥102 in FY 2022). Revenue: JP¥3.49t (up 37% from FY 2022). Net income: JP¥150.0b (up 4.9% from FY 2022). Profit margin: 4.3% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Ntt Data Corporation Introduces Talentbase Platform to Modernize Employee Learning NTT DATA Corporation announced a new end-to-end employee talent experience platform that enables organizations to deliver targeted new skilling and reskilling programs at scale. TalentBASE provides a unified, personalized learning environment where employees can seamlessly access, consume, and interact with the latest training content, all in a single platform. NTT DATA clients will gain access to a large global network of the best academic and learning partners – all in one frictionless and integrated digital experience. Learning partners include EdCast by Cornerstone, Udemy, Skillsoft and Cornerstone Content Anytime. TalentBASE helps leaders through the entire employee experience: Plan: Define future skill profiles and address gaps through skills modeling; Develop: Design and model high impact training paths; Learn: Upskill and reskill to help individuals advance their careers; Activate: Apply learned skills to drive a skills-led organization; and Measure: Deliver new roles, teams, and functions by successfully pivoting reskilling needs. Reported Earnings • May 14
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥107 (up from JP¥102 in FY 2022). Revenue: JP¥3.49t (up 37% from FY 2022). Net income: JP¥150.0b (up 4.9% from FY 2022). Profit margin: 4.3% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 12
NTT DATA Corporation, Annual General Meeting, Jun 20, 2023 NTT DATA Corporation, Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.50 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: EPS: JP¥23.49 (down from JP¥27.33 in 3Q 2022). Revenue: JP¥1.03t (up 63% from 3Q 2022). Net income: JP¥32.9b (down 14% from 3Q 2022). Profit margin: 3.2% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be JP¥2,429, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 9.4% per annum over the same time period. Announcement • Dec 26
NTT DATA Corporation to Report Q3, 2023 Results on Feb 09, 2023 NTT DATA Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman & CEO of NTT DATA Asia Pacific and CEO of NTT DATA Thailand Hironari Tomioka was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥23.57 (down from JP¥29.10 in 2Q 2022). Revenue: JP¥694.1b (up 12% from 2Q 2022). Net income: JP¥33.0b (down 19% from 2Q 2022). Profit margin: 4.8% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 9.6%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be JP¥2,323, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be JP¥2,323, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Reported Earnings • Aug 07
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥28.33 (up from JP¥22.15 in 1Q 2022). Revenue: JP¥677.4b (up 15% from 1Q 2022). Net income: JP¥39.7b (up 28% from 1Q 2022). Profit margin: 5.9% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 31%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman & CEO of NTT DATA Asia Pacific and CEO of NTT DATA Thailand Hironari Tomioka was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 22
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥102 (up from JP¥54.79 in FY 2021). Revenue: JP¥2.55t (up 10% from FY 2021). Net income: JP¥143.0b (up 86% from FY 2021). Profit margin: 5.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 27%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Major Estimate Revision • Jun 08
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from JP¥2.64t to JP¥3.25t. EPS estimate fell from JP¥108 to JP¥102. Net income forecast to shrink 0.2% next year vs 14% growth forecast for IT industry in Japan . Consensus price target broadly unchanged at JP¥2,653. Share price fell 3.3% to JP¥1,964 over the past week. Reported Earnings • May 14
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥102 (up from JP¥54.79 in FY 2021). Revenue: JP¥2.55t (up 10% from FY 2021). Net income: JP¥143.0b (up 86% from FY 2021). Profit margin: 5.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 7.9%, compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥27.33 (up from JP¥19.98 in 3Q 2021). Revenue: JP¥636.1b (up 10.0% from 3Q 2021). Net income: JP¥38.3b (up 37% from 3Q 2021). Profit margin: 6.0% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 3.4%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 17
Price target increased to JP¥2,569 Up from JP¥2,346, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of JP¥2,494. Stock is up 81% over the past year. The company is forecast to post earnings per share of JP¥88.22 for next year compared to JP¥54.79 last year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥29.10 (vs JP¥15.73 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥621.3b (up 13% from 2Q 2021). Net income: JP¥40.8b (up 85% from 2Q 2021). Profit margin: 6.6% (up from 4.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.2%). Price Target Changed • Sep 01
Price target increased to JP¥2,389 Up from JP¥2,136, the current price target is an average from 15 analysts. New target price is 18% above last closing price of JP¥2,029. Stock is up 69% over the past year. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥22.15 (vs JP¥13.65 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥590.8b (up 11% from 1Q 2021). Net income: JP¥31.1b (up 62% from 1Q 2021). Profit margin: 5.3% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 18
Price target increased to JP¥1,940 Up from JP¥1,809, the current price target is an average from 12 analysts. New target price is 16% above last closing price of JP¥1,673. Stock is up 44% over the past year.