Nippon Telegraph and Telephone Corporation
9432.TpublicTelecom & AI Infrastructure
Japan's largest telecom and the world's 4th-largest datacenter operator. Developed tsuzumi — a lightweight Japanese/English LLM. Investing heavily in IOWN (Innovative Optical & Wireless Network) — photonic computing infrastructure for AI. ~$12-14B annual CAPEX makes NTT one of the largest non-hyperscaler AI infra investors.
Latest News
CAPEX History — Quarterly
Quarterly Data & Sources
| Quarter | CAPEX | Revenue | % Rev | Source |
|---|---|---|---|---|
| Q4'24 | $3.5B | $33.0B | 10.6% | NTT FY2025 Annual (est.) |
| Q3'24 | $3.5B | $31.5B | 11.1% | NTT Q3 FY2025 Earnings (est.) |
| Q2'24 | $3.3B | $31.0B | 10.6% | NTT Q2 FY2025 Earnings (est.) |
| Q1'24 | $3.1B | $30.8B | 10.1% | NTT Q1 FY2025 Earnings (est.) |
| Q4'23 | $3.3B | $31.5B | 10.5% | NTT FY2024 Annual (est.) |
| Q3'23 | $3.1B | $30.2B | 10.3% | NTT Q3 FY2024 Earnings (est.) |
| Q2'23 | $3.0B | $29.5B | 10.2% | NTT Q2 FY2024 Earnings (est.) |
| Q1'23 | $2.8B | $30.0B | 9.3% | NTT Q1 FY2024 Earnings (est.) |
Q1'23 — Converted from JPY at 140 JPY/USD. NTT FY ends March 31.
Q2'23 — Converted from JPY at 145 JPY/USD
Q3'23 — Converted from JPY at 147 JPY/USD
Q4'23 — FY2024 total CAPEX: ~$12.2B. AI datacenter buildout driving growth.
Q1'24 — Converted from JPY at 155 JPY/USD
Q2'24 — Converted from JPY at 150 JPY/USD
Q3'24 — Converted from JPY at 152 JPY/USD
Q4'24 — FY2025 total CAPEX: ~$13.4B est. IOWN + AI DC investment
Guidance Tracker
“We are accelerating AI infrastructure investment under our NTT Green Innovation toward 2040 strategy. IOWN photonic network deployment and AI datacenter expansion are our top capital priorities.”
Key Quotes
“tsuzumi is purpose-built for enterprise AI — lightweight, multilingual, and efficient. NTT is investing in AI infrastructure globally to support the enterprise AI transformation.”
NTT tsuzumi LLM launch announcement