August 4, 2017

FOR IMMEDIATE RELEASE

Financial Results for the Three Months Ended June 30, 2017
The financial results of Nippon Telegraph and Telephone West Corporation(NTT West) for the three months ended June 30, 2017 are presented inthe following attachments.
(Attachments)
1. Non-Consolidated Comparative Balance Sheets
2. Non-Consolidated Comparative Statements of Income
3. Business Results (Non-Consolidated Operating Revenues)

For inquiries, please contact:
Junichiro Maekawa or Kenichi Matsuno
Accounting Section, Finance Division
Nippon Telegraph and Telephone West Corporation
Tel: +81-6-4793-3141
E-mail: kessan-info@west.ntt.co.jp

1. Non-Consolidated Comparative Balance Sheets（Based on accounting principles generally accepted in Japan）(Millions of yen)March 31, 2017

June 30, 2017

Increase(Decrease)

ASSETS
Fixed assets:
Fixed assets - telecommunications businesses
Property, plant and equipment
Machinery and equipment
Antenna facilities

297,757

295,635(2,121)

5,895

5,831

(64)

Terminal equipment

11,318

11,435

117

Local line facilities

1,051,300

1,057,094

5,793

1,693

1,665

(28)

517,724

513,266(4,458)

3,131

3,692

561Buildings

312,924

308,503(4,420)Construction in progress

31,29425,715(5,579)Long-distance line facilities
Engineering facilities
Submarine line facilities

Other
Total property, plant and equipment
Intangible fixed assets
Total fixed assets - telecommunications businesses

219,918

218,593(1,325)2,452,960

2,441,434(11,526)

64,44462,089(2,355)2,517,404

2,503,523(13,881)

187,606

188,779

1,173

Investments and other assets
Other investments and assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets

(681)

(605)

76

186,924

188,173

1,249

2,704,329

2,691,697(12,632)

18,251

5,927(12,324)-16

16

199,820

173,558(26,261)

Current assets:
Cash and bank deposits
Notes receivable
Accounts receivable, trade
Supplies

29,95029,756(194)

Other current assets

151,715

117,616(34,099)

(339)

(241)

98

399,398

326,634(72,764)

3,103,728

3,018,332(85,396)

Allowance for doubtful accounts
Total current assets
TOTAL ASSETS-1-

(Millions of yen)March 31, 2017

June 30, 2017

Increase(Decrease)LIABILITIESLong-term liabilities:
Long-term borrowings from parent company

591,000

571,000

Liability for employees' retirement benefits(20,000)

242,251

244,155

1,904

Reserve for point services

3,792

2,694

(1,098)Reserve for unused telephone cards

8,000

7,558

(441)

Allowance for environmental measures

9,074

9,074

-228

229

0

Other long-term liabilities

4,749

4,702

(47)

Total long-term liabilities

859,097

839,413(19,683)

110,707

130,707

20,000(41,783)

Asset retirement obligations

Current liabilities:
Current portion of long-term borrowings from parent company
Accounts payable, trade

71,63529,851

Short-term borrowings

105,259

115,246

9,986

4,885

(3,846)

Accrued taxes on income

8,731

Allowance for loss on disaster

4,096

3,983

(112)

Allowance for environmental measures

2,361

1,811(549)

133

140

6

362,351

308,976(53,374)

665,277595,603(69,673)

1,524,374

1,435,017(89,357)

Asset retirement obligations
Other current liabilities
Total current liabilities
TOTAL LIABILITIES*NET ASSETS
Shareholders' equity:
Common stock

312,000312,000-

Capital surplus

1,170,054

1,170,054-

Earned surplus

96,911

100,767

3,855

1,578,965

1,582,821

3,855

Net unrealized gains (losses) on securities

388492

104

Total unrealized gains (losses), translation adjustments, and others

388

492

104

1,579,353

1,583,314

3,960

3,103,728

3,018,332(85,396)

Total shareholders' equity
Unrealized gains (losses), translation adjustments, and others:

TOTAL NET ASSETSTOTAL LIABILITIES AND NET ASSETS

Note: *NTT West participates in a consolidated tax return system, which has been adopted by NTT (Holding Company) and its wholly-owned subsidiaries in Japan.
However, except for a portion of the calculation of taxes, income taxes have not been calculated on a consolidated basis in the quarterly financial statements.

-2-2. Non-Consolidated Comparative Statements of Income（Based on accounting principles generally accepted in Japan）(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 2017

Year ended
March 31, 2017

Operating revenues

333,039

321,822(11,217)

1,325,585

Operating expenses

297,705

275,913(21,791)

1,242,485

Operating income from telecommunications businesses

35,33445,908

10,574

83,099Operating revenues

29,01629,188172

153,430

Operating expenses

25,641

25,540(101)

141,343

Increase(Decrease)

Telecommunications businesses:

Supplementary businesses:

Operating income from supplementary businesses
Operating income

3,375

3,648

273

12,08638,70949,557

10,847

95,186

Non-operating revenues:
Interest income

33(0)

12

Dividends received

593

827

234

615

Miscellaneous income

626

549

(76)

2,330

1,222

1,381

158

2,957

2,037

1,492(544)7,1145749(8)

2,875

2,095

1,542

(552)

9,989

Recurring profit

37,83749,396

11,55888,154

Special losses

5,705-(5,705)

6,915

Income before income taxes

32,13249,396

17,264

81,23914,3405,510

21,46935,055

11,75359,770Total non-operating revenues
Non-operating expenses:
Interest expenses
Miscellaneous expenses
Total non-operating expenses

Income taxes*Net income

8,830
23,302*Note: * NTT West participates in a consolidated tax return system, which has been adopted by NTT (Holding Company) and its wholly-owned subsidiaries in Japan.
However, except for a portion of the calculation of taxes, income taxes have not been calculated on a consolidated basis in the quarterly financial statements.

-3-3. Business Results (Non-Consolidated Operating Revenues)（Based on accounting principles generally accepted in Japan）(Millions of yen)Three months ended
June 30, 2017

Voice transmission services revenues(excluding IP services revenues)

101,607

93,779(7,827)(7.7)

396,272Monthly charge revenues*

76,15370,991(5,162)(6.8)

298,340

Call rates revenues*

6,484

5,578

(905)

(14.0)

24,590Interconnection call revenues*

12,909

11,628(1,281)(9.9)

49,676IP services revenues

175,536

173,530(2,006)(1.1)

697,252

Leased circuit services revenues(excluding IP services revenues)

22,07822,001

(77)

(0.3)

86,362

Telegram services revenues

3,408

3,113

(295)

(8.7)

12,625

Other telecommunications services
revenues

30,40829,397(1,010)(3.3)

133,071

Telecommunications total revenues

333,039

321,822(11,217)(3.4)

1,325,585

Supplementary business total revenues

29,01629,188172

0.6

153,430

Total operating revenues

362,056

351,011(11,045)(3.1)

1,479,015*Partial listing only-4-Increase(Decrease)

Percent
Increase(Decrease)

Three months ended
June 30, 2016

Year ended
March 31, 2017