NTT Management
Management criteria checks 3/4
NTT's CEO is Akira Shimada, appointed in Jun 2022, has a tenure of 4.08 years. total yearly compensation is ¥167.00M, comprised of 39.5% salary and 60.5% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth ¥122.13M. The average tenure of the management team and the board of directors is 6.5 years and 3.1 years respectively.
Key information
Akira Shimada
Chief executive officer
JP¥167.0m
Total compensation
| CEO salary percentage | 39.52% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.001% |
| Management average tenure | 6.5yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
Narrative Update • Jun 30
9432: Offshore Debt Raising And Data Center Spend Will Shape Risk Balance
Analysts have adjusted their price target on NTT slightly lower, from ¥146 to ¥143, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for NTT NTT is preparing a global multi currency bond sale targeting around US$10b, which would be one of the largest offshore bond offerings by an Asian corporate in 2026, with about half in U.S. dollar notes and the rest in euro and pound tranches.
Narrative Update • Jun 16
9432: Space Optical And Data Center Expansion Will Support Future Rerating Potential
Analysts have adjusted their price target on NTT to ¥172.77, reflecting modest tweaks to assumptions around the company’s discount rate, revenue growth, profit margin, and future P/E multiple. What’s in the News MBRYONICS and NTT signed a Memorandum of Understanding to co develop and commercialize coherent optical transceivers for space applications, aiming to create a standardized high speed backbone for the "Internet in Space" and integrate NTT digital signal processing chips into MBRYONICS optical platform.Narrative Update • Jun 01
9432: Buybacks And All Photonics AI Infrastructure Will Support Future Rerating Potential
Analysts now set their price target for NTT at ¥172.77, down slightly from ¥175.64. This reflects updated assumptions for a lower discount rate, a different revenue growth outlook, a change in profit margin expectations, and a modestly adjusted future P/E.Analysis Article • May 15
We Like The Quality Of NTT's (TSE:9432) Earnings
NTT, Inc.'s ( TSE:9432 ) solid earnings announcement recently didn't do much to the stock price. We did some digging...Narrative Update • May 07
9432: Deutsche Bank Downgrade And Buybacks Will Shape Future Execution Risk Balance
Analysts have left their fair value estimate for NTT unchanged at ¥146.0, but have adjusted key model inputs. A recent downgrade at Deutsche Bank has contributed to a more cautious tone that investors should factor into their own view of the stock.Narrative Update • Apr 20
9432: Cost Discipline And Buybacks Will Support Future Rerating Potential
Analysts have trimmed their fair value estimate for NTT slightly, with the updated price target moving from about ¥176.21 to about ¥175.64. This reflects a modest reset following a downgrade at Deutsche Bank and a more measured view on discount rates, revenue growth, profit margins and future P/E assumptions.Narrative Update • Apr 05
9432: Deutsche Bank Downgrade And Buybacks Will Shape Execution Risk And Opportunity Balance
Analysts have trimmed their price target on NTT to ¥146.0, reflecting updated expectations for slightly higher revenue growth and profit margins, along with a modestly lower P/E assumption, while also factoring in a recent downgrade highlighted in Street research. Analyst Commentary Recent Street research has taken a more cautious tone on NTT, with the latest downgrade reinforcing a shift toward more conservative expectations.Narrative Update • Mar 21
9432: Deutsche Bank Downgrade And Guidance Reset Will Frame Execution Risk Balance
Analysts now place NTT's price target at ¥146.0, reflecting updated views on slightly higher revenue growth and a similar fair value profile despite a recent downgrade at Deutsche Bank. Analyst Commentary Recent research points to a more cautious stance around NTT, with the updated ¥146.0 price target sitting against a backdrop of fresh downgrades and growing concern about how much execution and growth risk is already reflected in the shares.Narrative Update • Mar 06
9432: Reset Margins And Photonics Expansion Will Support Future Re Rating
Analysts have trimmed their price target on NTT by about ¥1 to roughly ¥176 as they factor in updated views on discount rates, profit margins, revenue growth and future P/E multiples following a recent downgrade at Deutsche Bank. Analyst Commentary Recent research points to a more balanced view on NTT, with the trimmed price target reflecting both confidence in parts of the business and caution around execution and valuation.Narrative Update • Feb 20
9432: Deutsche Bank Downgrade And Guidance Reset Will Shape Future Risk Balance
Analysts have trimmed their price target on NTT from ¥150.00 to ¥146.00, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions following recent research, including the latest downgrade at Deutsche Bank. Analyst Commentary Bearish analysts are signaling a more cautious stance on NTT, with the latest price target move from ¥150.00 to ¥146.00 aligning with a broader focus on risks around valuation, growth, and execution.Analysis Article • Feb 08
Results: NTT, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
NTT, Inc. ( TSE:9432 ) defied analyst predictions to release its quarterly results, which were ahead of market...Narrative Update • Feb 06
9432: Higher Margins And Quantum Partnership Will Support Future Re Rating
Analysts have trimmed their fair value estimate for NTT from ¥179.14 to ¥177.29, citing updated assumptions around discount rates, revenue growth and future P/E, even as projected profit margins remain slightly higher in their models. Analyst Commentary Recent research commentary points to a more cautious stance on NTT even as analysts keep profit margin assumptions slightly higher in their models.Analysis Article • Feb 03
Market Still Lacking Some Conviction On NTT, Inc. (TSE:9432)
When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider NTT...Analysis Article • Jan 16
NTT (TSE:9432) Will Pay A Dividend Of ¥2.65
NTT, Inc.'s ( TSE:9432 ) investors are due to receive a payment of ¥2.65 per share on 22nd of June. This makes the...Analysis Article • Dec 23
NTT's (TSE:9432) Dividend Will Be ¥2.65
NTT, Inc. ( TSE:9432 ) will pay a dividend of ¥2.65 on the 22nd of June. This makes the dividend yield 3.4%, which is...Analysis Article • Nov 29
NTT's (TSE:9432) Dividend Will Be ¥2.65
NTT, Inc.'s ( TSE:9432 ) investors are due to receive a payment of ¥2.65 per share on 22nd of June. This will take the...Analysis Article • Sep 26
NTT (TSE:9432) Has Announced That It Will Be Increasing Its Dividend To ¥2.65
NTT, Inc.'s ( TSE:9432 ) dividend will be increasing from last year's payment of the same period to ¥2.65 on 1st of...Narrative Update • Sep 20
Global Data Center Expansion Will Fuel Digital Transformation
The slight increase in NTT’s future P/E ratio, amid a stable net profit margin, underpins the marginal upward revision of the consensus analyst price target from ¥177 to ¥179. What's in the News NTT held an Analyst/Investor Day.Analysis Article • Sep 12
NTT's (TSE:9432) Upcoming Dividend Will Be Larger Than Last Year's
NTT, Inc. ( TSE:9432 ) will increase its dividend from last year's comparable payment on the 1st of December to ¥2.65...Narrative Update • Sep 05
Global Data Center Expansion Will Fuel Digital Transformation
With both revenue growth forecasts and net profit margin unchanged, analyst estimates for NTT remain stable, resulting in an unchanged consensus price target of ¥177. What's in the News NTT Research and Tohoku University published a paper demonstrating that single-photon coherent Ising machines (CIM) can outperform conventional CIMs in combinatorial optimization problems, based on quantum modeling.Analysis Article • Aug 26
NTT (TSE:9432) Is Increasing Its Dividend To ¥2.65
The board of NTT, Inc. ( TSE:9432 ) has announced that it will be paying its dividend of ¥2.65 on the 1st of December...Analysis Article • Aug 12
NTT's (TSE:9432) Upcoming Dividend Will Be Larger Than Last Year's
NTT, Inc. ( TSE:9432 ) will increase its dividend from last year's comparable payment on the 1st of December to ¥2.65...Analysis Article • Aug 11
NTT, Inc. (TSE:9432) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
It's been a good week for NTT, Inc. ( TSE:9432 ) shareholders, because the company has just released its latest...Analysis Article • Jul 25
NTT (TSE:9432) Has Announced That It Will Be Increasing Its Dividend To ¥2.65
NTT, Inc. ( TSE:9432 ) will increase its dividend from last year's comparable payment on the 1st of December to ¥2.65...Analysis Article • Jul 11
NTT (TSE:9432) Is Increasing Its Dividend To ¥2.65
NTT, Inc. ( TSE:9432 ) has announced that it will be increasing its dividend from last year's comparable payment on the...Analysis Article • Jul 09
With NTT, Inc. (TSE:9432) It Looks Like You'll Get What You Pay For
It's not a stretch to say that NTT, Inc.'s ( TSE:9432 ) price-to-earnings (or "P/E") ratio of 12.7x right now seems...
New Narrative • Nov 07
Future Growth Ignition In Smart Life, Data Centers, And Autonomous Driving Innovation Potential
Expansion in Smart Life and data centers, alongside DOCOMO's investments, are key to driving long-term revenue growth and margin improvements.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | JP¥167m | JP¥66m | JP¥1t |
| Dec 31 2025 | n/a | n/a | JP¥1t |
| Sep 30 2025 | n/a | n/a | JP¥1t |
| Jun 30 2025 | n/a | n/a | JP¥986b |
| Mar 31 2025 | JP¥105m | JP¥60m | JP¥1t |
| Dec 31 2024 | n/a | n/a | JP¥1t |
| Sep 30 2024 | n/a | n/a | JP¥1t |
| Jun 30 2024 | n/a | n/a | JP¥1t |
| Mar 31 2024 | JP¥131m | JP¥60m | JP¥1t |
| Dec 31 2023 | n/a | n/a | JP¥1t |
| Sep 30 2023 | n/a | n/a | JP¥1t |
| Jun 30 2023 | n/a | n/a | JP¥1t |
| Mar 31 2023 | JP¥121m | JP¥54m | JP¥1t |
Compensation vs Market: Akira's total compensation ($USD1.03M) is about average for companies of similar size in the JP market ($USD1.43M).
Compensation vs Earnings: Akira's compensation has increased by more than 20% in the past year.
CEO
Akira Shimada (69 yo)
4.1yrs
Tenure
JP¥167,000,000
Compensation
Mr. Akira Shimada serves as Chief Executive Officer and President of NTT, Inc. since June 24, 2022 and Director since June 2012. He served as Senior Executive Vice President at Nippon Telegraph and Telepho...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | JP¥167.00m | 0.0010% ¥ 122.1m | |
| Senior EVP | less than a year | no data | no data | |
| Senior VP and Head of Finance & Accounting | no data | no data | no data | |
| Senior Executive VP | 1.1yrs | no data | 0.00054% ¥ 64.7m | |
| Exe. VP | no data | no data | no data | |
| VP & Head of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Senior VP & General Counsel | no data | no data | no data | |
| Executive Vice President | 6.5yrs | no data | no data | |
| CBDO, Senior EVP | 6.5yrs | no data | no data | |
| EVP, Head of Security & Trust and Chief Information Security Officer | 6.5yrs | no data | no data | |
| Senior VP & Head of Global Business | 6.5yrs | no data | no data |
6.5yrs
Average Tenure
61yo
Average Age
Experienced Management: 9432's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.1yrs | JP¥167.00m | 0.0010% ¥ 122.1m | |
| Senior EVP | less than a year | no data | no data | |
| Senior Executive VP | 1.1yrs | no data | 0.00054% ¥ 64.7m | |
| Executive VP | 2.1yrs | no data | no data | |
| Independent Outside Director | 4.1yrs | no data | 0.000070% ¥ 8.4m | |
| Independent Outside Director | 4.1yrs | no data | 0.000060% ¥ 7.2m | |
| Chairman of the Board | 12.1yrs | JP¥120.00m | 0.0014% ¥ 171.2m | |
| Independent Outside Director | 1.1yrs | no data | no data | |
| Independent Outside Director | 4.1yrs | no data | 0.000080% ¥ 9.6m | |
| Director | 1.1yrs | no data | 0.00027% ¥ 32.3m | |
| Independent Outside Director | 7.1yrs | no data | 0.000080% ¥ 9.6m | |
| Independent Outside Director | 1.1yrs | no data | no data |
3.1yrs
Average Tenure
68.5yo
Average Age
Experienced Board: 9432's board of directors are considered experienced (3.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 07:36 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NTT, Inc. is covered by 23 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tetsuro Tsusaka | Barclays |
| Yuki Kaneko | BofA Global Research |
| Keiichi Yoneshima | Citigroup Inc |