Document and Entity Information
Document and Entity Information - Mar. 31, 2015 - shares | Total |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2015 |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | FY |
Trading Symbol | NTT |
Entity Registrant Name | NIPPON TELEGRAPH & TELEPHONE CORP |
Entity Central Index Key | 769,594 |
Current Fiscal Year End Date | --03-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 1,058,599,629 |
Consolidated Balance Sheets
Consolidated Balance Sheets - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Current assets (Note 2): | ||
Cash and cash equivalents (Notes 4 and 8) | ¥ 849,174 | ¥ 984,463 |
Short-term investments (Note 8) | 36,342 | 38,949 |
Notes and accounts receivable, trade (Note 3) | 2,663,012 | 2,509,030 |
Allowance for doubtful accounts (Note 21) | (43,230) | (46,893) |
Accounts receivable, other | 408,051 | 345,197 |
Inventories (Note 5) | 390,523 | 415,309 |
Prepaid expenses and other current assets (Note 20) | 434,023 | 394,294 |
Deferred income taxes (Note 12) | 219,333 | 220,662 |
Total current assets | 4,957,228 | 4,861,011 |
Property, plant and equipment (Notes 2 and 17): | ||
Telecommunications equipment | 12,592,070 | 12,959,564 |
Telecommunications service lines | 15,647,879 | 15,408,604 |
Buildings and structures | 6,107,299 | 6,060,129 |
Machinery, vessels and tools | 1,995,879 | 1,949,903 |
Land (Note 9) | 1,299,072 | 1,238,742 |
Construction in progress | 404,698 | 359,014 |
Property, plant and equipment, gross, total | 38,046,897 | 37,975,956 |
Accumulated depreciation | (28,245,427) | (28,136,268) |
Net property, plant and equipment | 9,801,470 | 9,839,688 |
Investments and other assets (Note 2): | ||
Investments in affiliated companies (Note 7) | 542,247 | 521,634 |
Marketable securities and other investments (Note 8) | 515,580 | 407,766 |
Goodwill (Note 9) | 1,186,161 | 1,086,636 |
Software (Note 9) | 1,247,956 | 1,309,912 |
Other intangible assets (Note 9) | 413,552 | 401,194 |
Other assets (Notes 11 and 20) | 1,448,296 | 1,195,608 |
Deferred income taxes (Note 12) | 589,937 | 661,500 |
Total investments and other assets | 5,943,729 | 5,584,250 |
Total assets | 20,702,427 | 20,284,949 |
Current liabilities (Note 2): | ||
Short-term borrowings (Note 10) | 330,423 | 269,444 |
Current portion of long-term debt (Notes 10 and 20) | 370,279 | 425,351 |
Accounts payable, trade (Note 3) | 1,579,572 | 1,540,249 |
Current portion of obligations under capital leases (Note 17) | 20,604 | 16,929 |
Accrued payroll | 429,440 | 448,061 |
Accrued taxes on income | 124,861 | 256,994 |
Accrued consumption tax | 148,168 | 47,376 |
Advances received | 243,263 | 266,743 |
Other (Notes 12 and 20) | 475,078 | 405,677 |
Total current liabilities | 3,721,688 | 3,676,824 |
Long-term liabilities (Note 2): | ||
Long-term debt (excluding current portion) (Notes 10 and 20) | 3,688,825 | 3,483,673 |
Obligations under capital leases (excluding current portion) (Note 17) | 34,382 | 35,951 |
Liability for employees' retirement benefits (Note 11) | 1,387,962 | 1,327,873 |
Accrued liabilities for point programs | 108,099 | 130,466 |
Deferred income taxes (Note 12) | 196,853 | 233,151 |
Other (Note 20) | 486,536 | 446,293 |
Total long-term liabilities | 5,902,657 | 5,657,407 |
Redeemable noncontrolling interests (Note 2): | 28,272 | 25,912 |
Nippon Telegraph and Telephone Corporation ("NTT") shareholders' equity | ||
Common stock, no par value- Authorized-6,192,920,900 shares Issued-1,136,697,235 shares in 2014 and 1,136,697,235 shares in 2015 | 937,950 | 937,950 |
Additional paid-in capital (Note 14) | 2,846,723 | 2,827,010 |
Retained earnings (Notes 7 and 14) | 5,126,657 | 4,808,361 |
Accumulated other comprehensive income (loss) (Notes 8, 11, 14 and 20) | 268,232 | 94,966 |
Treasury stock, at cost (Note 14)- 26,650,807 shares in 2014 and 78,097,606 shares in 2015 | (497,702) | (156,933) |
Total NTT shareholders' equity | 8,681,860 | 8,511,354 |
Noncontrolling interests | 2,367,950 | 2,413,452 |
Total equity | ¥ 11,049,810 | ¥ 10,924,806 |
Commitments and contingent liabilities (Note 22): | ||
Total liabilities and equity | ¥ 20,702,427 | ¥ 20,284,949 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - ¥ / shares None in scaling factor is -9223372036854775296 | Mar. 31, 2015 | Mar. 31, 2014 |
Common stock, no par value | ||
Common stock, Authorized | 6,192,920,900 | 6,192,920,900 |
Common stock, Issued | 1,136,697,235 | 1,136,697,235 |
Treasury stock, shares | 78,097,606 | 26,650,807 |
Consolidated Statements of Inco
Consolidated Statements of Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Operating revenues(Note 3): | |||
Fixed voice related services | ¥ 1,441,383 | ¥ 1,578,941 | ¥ 1,712,877 |
Mobile voice related services | 872,062 | 1,052,622 | 1,257,490 |
IP / packet communications services | 3,672,157 | 3,711,866 | 3,712,766 |
Sale of telecommunication equipment | 996,996 | 969,664 | 844,883 |
System integration | 2,691,766 | 2,275,034 | 2,009,953 |
Other | 1,420,953 | 1,337,047 | 1,162,771 |
Operating revenues, Total | 11,095,317 | 10,925,174 | 10,700,740 |
Operating expenses(Notes 3, 16 and 18): | |||
Cost of services (excluding items shown separately below) | 2,434,870 | 2,360,916 | 2,303,672 |
Cost of equipment sold (Note 2) (excluding items shown separately below) | 948,903 | 885,288 | 864,251 |
Cost of system integration (excluding items shown separately below) | 1,900,319 | 1,643,988 | 1,402,259 |
Depreciation and amortization (Note 9) | 1,827,998 | 1,880,293 | 1,899,245 |
Impairment losses (Notes 6, 16) | 38,739 | 5,738 | 5,416 |
Selling, general and administrative expenses (Note 18) | 2,856,458 | 2,929,111 | 2,992,588 |
Goodwill and other intangible asset impairments (Note 9) | 3,464 | 6,187 | 31,341 |
Operating expenses, Total | 10,010,751 | 9,711,521 | 9,498,772 |
Operating income | 1,084,566 | 1,213,653 | 1,201,968 |
Other income (expenses): | |||
Interest and amortization of bond discounts and issue costs (Note 2) | (44,016) | (47,684) | (54,339) |
Interest income | 18,398 | 17,632 | 17,638 |
Other, net (Notes 9, 19 and 20) | 7,681 | 110,594 | 32,380 |
Nonoperating income (expense), Total | (17,937) | 80,542 | (4,321) |
Income before income taxes and equity in earnings (losses) of affiliated companies | 1,066,629 | 1,294,195 | 1,197,647 |
Income tax expense (benefit) (Note 12): | |||
Current | 364,845 | 483,113 | 461,995 |
Deferred | 32,504 | 3,433 | 11,959 |
Income tax expense (benefit), Total | 397,349 | 486,546 | 473,954 |
Income before equity in earnings (losses) of affiliated companies | 669,280 | 807,649 | 723,693 |
Equity in earnings (losses) of affiliated companies (Notes 7 and 16) | 5,889 | (50,792) | (16,093) |
Net income | 675,169 | 756,857 | 707,600 |
Less-Net income attributable to noncontrolling interests | 157,103 | 171,384 | 185,668 |
Net income attributable to NTT | ¥ 518,066 | ¥ 585,473 | ¥ 521,932 |
Per share of common stock (Note 14): | |||
Weighted average number of shares outstanding | 1,093,680,009 | 1,149,758,214 | 1,211,880,769 |
Net income attributable to NTT | ¥ 473.69 | ¥ 509.21 | ¥ 430.68 |
Cash dividends to be paid to shareholders of record date | ¥ 180 | ¥ 170 | ¥ 160 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Net income | ¥ 675,169 | ¥ 756,857 | ¥ 707,600 |
Other comprehensive income (loss), net of tax (Note 14) | |||
Unrealized gain (loss) on securities | 76,308 | 16,057 | 47,509 |
Unrealized gain (loss) on derivative instruments | 2,903 | (4,895) | (4,736) |
Foreign currency translation adjustments | 129,863 | 156,471 | 112,388 |
Pension liability adjustments | 16,370 | 163,241 | 35,646 |
Other comprehensive income (loss) | 225,444 | 330,874 | 190,807 |
Total comprehensive income (loss) | 900,613 | 1,087,731 | 898,407 |
Less-Comprehensive income attributable to noncontrolling interests | 209,281 | 214,360 | 211,564 |
Total comprehensive income (loss) attributable to NTT | ¥ 691,332 | ¥ 873,371 | ¥ 686,843 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - Entity [Domain] - JPY (¥) ¥ in Millions | Total | Common stock | Additional paid-in capital (Note 14) | Retained earnings (Notes 7 and 14) | Accumulated other comprehensive income (loss) (Notes 8, 11, 14 and 20) | Treasury stock, at cost (Note 14) | Total | Noncontrolling interests |
At beginning of year at Mar. 31, 2012 | ¥ 10,047,729 | ¥ 937,950 | ¥ 2,832,165 | ¥ 4,888,746 | ¥ (357,843) | ¥ (418,431) | ¥ 7,882,587 | ¥ 2,165,142 |
Net income | 707,600 | 521,932 | 521,932 | 185,668 | ||||
Other comprehensive income (loss) | 190,807 | 164,911 | 164,911 | 25,896 | ||||
Cash dividends | (275,417) | (183,405) | (183,405) | (92,012) | ||||
Changes in NTT's ownership interest in subsidiaries | 1,317 | (4,553) | (4,553) | 5,870 | ||||
Acquisition of treasury stock | (150,066) | (150,066) | (150,066) | |||||
Resale of treasury stock | 33 | (5) | 38 | 33 | ||||
At end of year at Mar. 31, 2013 | 10,522,003 | 937,950 | 2,827,612 | 5,227,268 | (192,932) | (568,459) | 8,231,439 | 2,290,564 |
Net income | 756,857 | 585,473 | 585,473 | 171,384 | ||||
Other comprehensive income (loss) | 330,874 | 287,898 | 287,898 | 42,976 | ||||
Cash dividends | (282,377) | (186,174) | (186,174) | (96,203) | ||||
Changes in NTT's ownership interest in subsidiaries | 3,662 | (1,069) | (1,069) | 4,731 | ||||
Stock compensation transactions | 467 | 467 | 467 | |||||
Acquisition of treasury stock | (406,696) | (406,696) | (406,696) | |||||
Resale of treasury stock | 16 | 3 | 13 | 16 | ||||
Cancellation of treasury stock | (3) | (818,206) | 818,209 | |||||
At end of year at Mar. 31, 2014 | 10,924,806 | 937,950 | 2,827,010 | 4,808,361 | 94,966 | (156,933) | 8,511,354 | 2,413,452 |
Net income | 674,079 | 518,066 | 518,066 | 156,013 | ||||
Other comprehensive income (loss) | 224,209 | 173,266 | 173,266 | 50,943 | ||||
Cash dividends | (295,870) | (199,770) | (199,770) | (96,100) | ||||
Changes in NTT's ownership interest in subsidiaries | (138,937) | 17,421 | 17,421 | (156,358) | ||||
Stock compensation transactions | 2,292 | 2,292 | 2,292 | |||||
Acquisition of treasury stock | (340,781) | (340,781) | (340,781) | |||||
Resale of treasury stock | 12 | 12 | 12 | |||||
At end of year at Mar. 31, 2015 | ¥ 11,049,810 | ¥ 937,950 | ¥ 2,846,723 | ¥ 5,126,657 | ¥ 268,232 | ¥ (497,702) | ¥ 8,681,860 | ¥ 2,367,950 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Cash flows from operating activities: | |||
Net income | ¥ 675,169 | ¥ 756,857 | ¥ 707,600 |
Adjustments to reconcile net income to net cash provided by operating activities- | |||
Depreciation and amortization (Note 9) | 1,827,998 | 1,880,293 | 1,899,245 |
Impairment losses | 38,739 | 5,738 | 5,416 |
Deferred taxes (Note 12) | 32,504 | 3,433 | 11,959 |
Goodwill and other intangible asset impairments (Note 9) | 3,464 | 6,187 | 31,341 |
Losses on disposals of property, plant and equipment | 104,718 | 98,317 | 106,215 |
Gains on sales of property, plant and equipment | (34,191) | (33,119) | (18,469) |
Gains resulting from the exchange of rights (Note 9) | (59,996) | ||
Equity in (earnings) losses of affiliated companies (Note 7) | (5,889) | 50,792 | 16,093 |
(Increase) decrease in notes and accounts receivable, trade | (126,476) | 17,415 | (119,381) |
(Increase) decrease in inventories (Note 5) | (12,044) | (68,776) | (2,139) |
(Increase) decrease in other current assets | (86,809) | (16,658) | (90,565) |
Increase (decrease) in accounts payable, trade and accrued payroll | (21,538) | 66,032 | (81,297) |
Increase (decrease) in accrued consumption tax | 99,661 | (11,621) | 7,236 |
Increase (decrease) in advances received | (32,481) | 37,691 | (9,770) |
Increase (decrease) in accrued taxes on income | (133,894) | 20,909 | 28,449 |
Increase (decrease) in other current liabilities | 60,141 | (20,351) | 4,489 |
Increase (decrease) in liability for employees' retirement benefits | 38,753 | 42,964 | 26,476 |
Increase (decrease) in other long-term liabilities | 2,588 | (33,122) | (50,234) |
Other | (38,601) | (15,081) | (18,982) |
Net cash provided by operating activities | 2,391,812 | 2,727,904 | 2,453,682 |
Cash flows from investing activities: | |||
Payments for property, plant and equipment | (1,444,917) | (1,486,651) | (1,538,115) |
Payments for intangibles | (358,209) | (416,583) | (446,588) |
Proceeds from sales of property, plant and equipment | 54,424 | 50,625 | 38,929 |
Payments for purchases of non-current investments | (31,097) | (50,517) | (35,309) |
Proceeds from sales and redemptions of non-current investments | 27,478 | 15,444 | 19,812 |
Acquisitions of subsidiaries, net of cash acquired | (42,217) | (211,195) | (38,490) |
Payments for purchases of short-term investments | (61,364) | (60,485) | (682,359) |
Proceeds from redemptions of short-term investments | 70,644 | 92,396 | 936,211 |
Other | (83,321) | (39,840) | (30,344) |
Net cash used in investing activities | (1,868,579) | (2,106,806) | (1,776,253) |
Cash flows from financing activities: | |||
Proceeds from issuance of long-term debt (Note 10) | 615,353 | 637,253 | 402,271 |
Payments for settlement of long-term debt (Note 10) | (496,729) | (735,894) | (675,295) |
Proceeds from issuance of short-term debt (Note 10) | 5,931,664 | 4,872,714 | 3,015,099 |
Payments for settlement of short-term debt (Note 10) | (5,889,243) | (4,713,795) | (3,029,279) |
Dividends paid | (199,770) | (186,174) | (183,405) |
Proceeds from sale of (payments for acquisition of) treasury stock, net (Note 14) | (338,399) | (406,680) | (150,033) |
Acquisitions of shares of subsidiaries from noncontrolling interests | (175,088) | (5,834) | (15,558) |
Other | (125,796) | (84,030) | (108,981) |
Net cash used in financing activities | (678,008) | (622,440) | (745,181) |
Effect of exchange rate changes on cash and cash equivalents | 19,486 | 24,372 | 9,042 |
Net increase (decrease) in cash and cash equivalents | (135,289) | 23,030 | (58,710) |
Cash and cash equivalents at beginning of year | 984,463 | 961,433 | 1,020,143 |
Cash and cash equivalents at end of year (Note 4) | 849,174 | 984,463 | 961,433 |
Cash paid during the year for: | |||
Interest | 44,795 | 48,836 | 55,200 |
Income taxes, net | 543,354 | 462,349 | 433,344 |
Noncash investing and financing activities: | |||
Capital lease obligations incurred during the year | 20,987 | 14,933 | ¥ 24,022 |
Cancellation of treasury stock (Note 14) | 818,209 | ||
Rights to Acquire Building | |||
Noncash investing and financing activities: | |||
Assets acquired through exchange of assets | ¥ 62,221 | ||
Buildings | |||
Noncash investing and financing activities: | |||
Assets acquired through exchange of assets | ¥ 18,719 |
Nature of operations
Nature of operations | 12 Months Ended |
Mar. 31, 2015 | |
Nature of operations | 1. Nature of operations: Nippon Telegraph and Telephone Corporation (“NTT”) and its subsidiaries (collectively with NTT, “NTT Group”) conduct the following main business activities: regional communications (domestic intra-prefectural communication services and incidental services), principally operated by Nippon Telegraph and Telephone East Corporation (“NTT East”) and Nippon Telegraph and Telephone West Corporation (“NTT West”); long-distance and international communications (domestic inter-prefectural communication services, international communication services, solution services and related services), principally operated by NTT Communications Corporation (“NTT Communications”); mobile communications (mobile phone services and related services), principally operated by NTT DOCOMO, Inc. (“NTT DOCOMO”); and data communications (system integration, network system services, etc.), principally operated by NTT DATA CORPORATION (“NTT DATA”). Pursuant to the Act on Nippon Telegraph and Telephone Corporation, etc. (“NTT Act”), NTT was incorporated on April 1, 1985, upon which all the assets and liabilities of Nippon Telegraph and Telephone Public Corporation (“Public Corporation”) were transferred to NTT. As provided for in the supplementary provisions of the NTT Act, all the new shares held by Public Corporation were transferred to the Japanese Government upon the dissolution of Public Corporation on April 1, 1985. The NTT Act specifies, however, that such government ownership may eventually be reduced to one-third. Since NTT’s incorporation, the Japanese Government has sold NTT’s common stock to the public. The Japanese Government’s ownership ratio of NTT’s issued stock is 32.5% as of March 31, 2015. As a normal part of its business operations, NTT provides various telecommunications and other services to the Japanese Government. |
Summary of significant accounti
Summary of significant accounting policies | 12 Months Ended |
Mar. 31, 2015 | |
Summary of significant accounting policies | 2. Summary of significant accounting policies: The accompanying consolidated financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States of America. Significant accounting policies are as follows: (1) Principal Accounting Policies Basis of consolidation and accounting for investments in affiliated companies— The consolidated financial statements include the accounts of NTT, its subsidiaries, and variable interest entities (“VIEs”). All significant intercompany transactions and accounts are eliminated in consolidation. The fiscal years of certain foreign subsidiaries end on December 31, however, any significant subsequent transactions for the period from January 1 to March 31 are reflected in the results of operations of NTT Group. Investments in affiliated companies where NTT Group has the ability to exercise significant influence over the affiliated companies, but does not have a controlling financial interest, are accounted for under the equity method. NTT evaluates its investments in affiliates for impairment due to declines in value considered to be other than temporary. In performing its evaluations, NTT utilizes various information, as available, including cash flow projections, independent valuations and, if applicable, stock price analysis. In the event of a determination that a decline in value is other than temporary, a charge to earnings is recorded for the loss and a new cost basis in the investment is established. Use of estimates— The preparation of NTT’s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include revenue recognition, estimated useful lives and recovery of the carrying amount of property, plant and equipment, software and certain other intangible assets, goodwill, investments, employees’ retirement benefit obligations, income tax uncertainties and realizability of deferred tax assets and accrued liabilities for point programs. Effective April 1, 2013, NTT Group revised its estimate of the expected useful life of metal cables based on actual utilization to reflect an extended expected useful life. This change in estimate has been accounted for prospectively. The financial statement impact from this change in accounting estimate for the fiscal year ended March 31, 2014 on “Income before income taxes and equity in earnings (losses) of affiliated companies,” “Net income attributable to NTT” and “Per share of common stock” of “Net income attributable to NTT” is ¥23,264 million, ¥14,392 million, and ¥12.52, respectively. Effective July 1, 2014, NTT Group revised its estimate of the expected useful life of a part of the software for telecommunications network and internal-use software based on the actual utilization of the software to reflect an extended expected useful life of up to 7 years. This change in estimate has been accounted for prospectively. The financial impact from this change in accounting estimate on the fiscal year ended March 31, 2015 to “Income before income taxes and equity in earnings (losses) of affiliated companies,” “Net income attributable to NTT” and “Per share of common stock” of “Net income attributable to NTT” is ¥51,307 million, ¥21,754 million, and ¥19.89, respectively. Revenue recognition— Revenues arising from fixed voice related services, mobile voice related services, IP/packet communications services and other services are recognized at the time these services are provided to customers. With regard to revenues from mobile voice related services and IP/packet communications services, monthly billing plans for cellular (FOMA (3G wireless services) services generally include a certain amount of allowances (free minutes and/or packets), and the used amount of the allowances is subtracted from total usage in calculating the airtime revenue from a subscriber for the month. NTT Group introduced a billing arrangement, called “Nikagetsu Kurikoshi” (two-month carry over) and “Packet Kurikoshi,” in which the unused allowances are automatically carried over. “Nikagetsu Kurikoshi” is a billing arrangement, in which the unused allowances of the monthly free minutes and/or packets are automatically carried over for up to the following two months. In addition, NTT Group offers an arrangement which enables the unused allowances that were carried over for the two months to be automatically used to cover the airtime and/or packet charges exceeding the allowances of the other subscriptions in the “Family Discount” group, a discount billing arrangement for families. Out of the unused allowance in a month, NTT Group defers the revenues based on the portion which is estimated to be used in the following two months. As for the portion which is estimated to expire, NTT Group recognizes the revenue attributable to such portion of allowances ratably as the remaining allowances are utilized, in addition to the revenue recognized when subscribers make calls or utilize data transmissions. “Packet Kurikoshi” is a billing arrangement, in which the unused allowances of the monthly packet data which can be used without speed cap are automatically carried over for up to the following month. NTT Group defers revenues based on the portion of unused allowances that are estimated to be utilized in the next month. As NTT Group does not have sufficient empirical evidence to reasonably estimate unused allowances that will be utilized in the next month, NTT Group deducts and defers all amounts allocated to unused allowances from revenues. The deferred revenues are recognized as revenues in the next month. Non-recurring upfront fees such as activation fees are deferred and recognized as revenues over the estimated average period of the subscription for each service. The related direct costs are deferred only to the extent of the non-recurring upfront fee amount and are amortized over the same period. Sales of telecommunication equipment are recognized as income upon delivery of the equipment to purchasers, primarily agent resellers, when title to the product, and the risk and rewards of ownership, have been substantially transferred. Certain commissions paid to purchasers, primarily agent resellers, and incentives given to subscribers are recognized as a reduction of sales of telecommunication equipment. From the fiscal year ended March 31, 2014, NTT Group commenced a new incentive program which provides certain discounts for subscribers who purchase qualified smartphones under the installment payment arrangement. Under the incentive program, NTT Group provides subscribers the discount depending on the number of installment payments upon certain events including replacement of the original smartphones. During the fiscal year ended March 31, 2014, NTT Group recorded a reduction of revenues based on the maximum potential discount amount of installment receivables as no sufficient empirical evidence was available to reasonably estimate such amounts. During the fiscal year ended March 31, 2015, NTT Group has recognized estimated future discount amount as a reduction of revenue since NTT Group developed sufficient empirical evidence such as an analysis of the historical churn rate and replacement rate of the qualified and other smartphones to reasonably estimate the future discount amount. With regard to sales of telecommunication equipment in the mobile communications business, NTT Group enables subscribers to select installment payments over a period of 12 or 24 months. When installment payments are selected, under an agreement entered into among NTT Group, the subscribers and the agent resellers, NTT Group provides financing by providing funds to the agent reseller for the purchase of mobile handsets by the subscriber. NTT Group then includes the current installment for the receivable for the purchased handset in its invoices for basic monthly charges and airtime charges for the installment payment term. Because equipment sales are recognized upon delivery of handsets to agent resellers, the advance payment for the purchased handset to agent resellers and subsequent cash collection of the installment receivable for the purchased handset from subscribers do not have an impact on our equipment sales. Revenues from system integration services are recognized as work on contracts progresses. However, in cases where the contract period is short and the difference in the impact on the financial position or results of operations is immaterial, or in cases where it is difficult to make a reasonable estimate on the progress of the contracted work, revenues are recognized upon completion of the contracted services. Provision for estimated losses on system integration projects, if any, is made in the fiscal period in which the loss becomes evident. Cash and cash equivalents, short-term investments— Excess cash is mainly invested in time deposits, marketable bonds of the Japanese Government or commercial paper. Those with original maturities of three months or less are classified as “Cash and cash equivalents” in the consolidated balance sheets. Those with original maturities of longer than three months and remaining maturities of 12 months or less at the end of the fiscal year are classified as “Short-term investments” in the consolidated balance sheets. NTT Group has maintained a global cash management system (“Global CMS”) with a single financial institution since 2012 in order to improve the efficiency and effectiveness of its cash management. The Global CMS receives excess cash and extends loans to participating subsidiaries. In March 2015, this arrangement was modified to introduce a right to offset provision allowing the Global CMS to offset positive and negative cash balances that meet the criteria for offsetting, effective from the fiscal year ended March 31, 2015. NTT’s consolidated balance sheets as of March 31, 2015 reflect such offset of ¥95,556 million. Foreign currency translation and transactions— All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate year-end exchange rates and all income and expense accounts are translated at the average exchange rates prevailing during the year. The resulting translation adjustments are recognized as a component of accumulated other comprehensive income (loss). Foreign currency receivables and payables are re-measured at appropriate year-end exchange rates and the resulting foreign currency transaction gains or losses are recorded as “Other, net” in the consolidated statements of income. NTT Group transacts limited business in foreign currencies. The effect of exchange rate fluctuations from the initial transaction date to the settlement date is recorded as “Other, net” in the consolidated statements of income. Marketable securities and other investments— Unrealized gains and losses on available-for-sale securities, whose fair values are readily determinable, are reported as a component of accumulated other comprehensive income (loss), net of taxes. Equity securities whose fair values are not readily determinable and equity securities for which sales are restricted by contractual requirements are carried at cost. NTT Group periodically reviews the carrying amounts of its marketable securities for impairments that are other than temporary. If this evaluation indicates there is an impairment that is other than temporary, the security is written down to its estimated fair value. Debt securities designated as held-to-maturity are carried at amortized cost and are reduced to net realizable value for declines in market value unless such declines are deemed to be temporary. Realized gains and losses, which are determined on the average cost method, are reflected in income. Inventories— Inventories consist of telecommunications equipment to be sold, projects in progress, materials and supplies, which are stated at the lower of cost or market. The cost of telecommunications equipment to be sold and materials is determined on a first-in first-out basis. The cost of projects in progress is mainly attributable to that of software production for customers or that of construction of real estate held for resale, including labor and subcontractors’ cost base. The cost of supplies is determined by the average cost method or by the specific identification method. Due to the rapid technological changes associated with the wireless communications business, NTT DOCOMO recognized losses on write-downs for the fiscal years ended March 31, 2013, 2014 and 2015 totaling ¥12,662 million, ¥4,415 million and ¥13,716 million, respectively, which are included in “Cost of equipment sold” in the consolidated statements of income. Property, plant and equipment and depreciation— Property, plant and equipment are stated at cost. Depreciation is computed principally using a declining-balance method at rates based on estimated useful lives of the assets with the exception of buildings, for which the straight-line method is generally used. With minor exceptions, the estimated useful lives of depreciable properties (estimated economic life) are as follows: Digital switch equipment (including wireless telecommunications equipment) 8 to 16 years Cables 13 to 36 years Tubes and tunnels 50 years Reinforced concrete buildings 42 to 56 years Machinery, vessels and tools 3 to 26 years Depreciation expense is computed based on the total depreciable amount, which is cost, net of estimated residual value. Maintenance and repairs, including minor renewals and betterments, are charged to income as incurred. Capitalized interest— Interest is capitalized where it relates to the construction of property, plant and equipment over the period of construction. NTT Group also capitalizes interest associated with the development of internal-use software. NTT Group amortizes such capitalized interest over the estimated useful lives of the related assets. Total interest costs incurred were ¥58,267 million, ¥51,460 million and ¥47,958 million, of which ¥3,928 million, ¥3,776 million and ¥3,942 million were capitalized for the fiscal years ended March 31, 2013, 2014 and 2015, respectively. Impairment of long-lived assets— Long-lived assets to be held and used, including property, plant and equipment, software and certain other intangible assets with finite useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the total of the expected future undiscounted cash flows is less than the carrying amount of the asset, the loss recognized is the amount by which the carrying amount of the asset exceeds its fair value as measured through various valuation techniques, including discounted cash flow models, quoted market value and third-party independent appraisals, as considered necessary. Assets to be disposed of by sale are reported at the lower of the carrying amount or estimated fair value less costs to sell. Goodwill, Software and other intangible assets— Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and recognized. Goodwill is not amortized, but tested for impairment at least annually and more frequently when indicators of impairment are present. The goodwill impairment test is a two-step process. Under the first step, the fair value of the reporting unit is compared with its carrying amount (including goodwill). If the fair value of the reporting unit is less than its carrying amount, an indication of goodwill impairment exists for that reporting unit and NTT Group must perform the second step of the impairment test (measurement). Fair values of the reporting units are determined using a discounted cash flow analysis, among other methods. Under the second step, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of the goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the implied fair value of the reporting unit goodwill. If the fair value of the reporting unit exceeds its carrying amount, the second step does not need to be performed. During the fiscal year ended March 31, 2015, NTT DOCOMO realigned its operating segments in order to reflect its changing business management. As a result of this realignment of operating segments, NTT Group reorganized the reporting structure of its mobile communications business segment into communications, smart life and other businesses reporting units. In conjunction with this change, NTT Group reassigned the goodwill attributable to these reporting units prior to the realignment to the communications, smart life and other businesses reporting units using a relative fair value allocation approach based on the composition of each business reporting unit prior to the realignment. Intangible assets other than goodwill primarily consist of computer software. NTT Group capitalizes the cost of internal-use software, which has a useful life in excess of one year. Subsequent additions, modifications or upgrades to internal-use software are capitalized only to the extent that they allow the software to perform a task it previously did not perform. Software maintenance and training costs are expensed in the period in which they are incurred. Capitalized computer software costs are amortized on a straight-line basis over a period of generally from five to seven years. The intangible assets with indefinite lives are not amortized, but tested for impairment on an annual basis and when indicators of impairment are present. Income taxes— Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts and the tax bases of assets or liabilities and operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates, which are expected to be applicable during the periods in which existing temporary differences reverse and loss carryforwards are utilizable. A valuation allowance is recognized to reduce deferred tax assets to the amount more likely than not to be realized. The effect of income tax positions are recognized only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Derivative financial instruments— NTT Group uses several types of derivative financial instruments to manage market risks such as fluctuations in foreign currency exchange rates and interest rates. NTT Group does not use derivative instruments for trading or speculative purposes. All derivatives are recognized as either assets or liabilities in the balance sheet at fair value and are reported in “Prepaid expenses and other current assets,” “Other assets,” “Current liabilities—Other” and “Long-term liabilities—Other” in the consolidated balance sheets. Classification of each derivative as current or non-current is based upon whether the maturity of each instrument is less than or greater than 12 months. Changes in fair value of derivative financial instruments are either recognized in income or shareholders’ equity (as a component of accumulated other comprehensive income (loss)), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The fair values of forward exchange contracts, interest rate swap agreements, and currency swap agreements are measured by inputs derived principally from observable market data provided by financial institutions. For derivatives classified as fair value hedges, changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. For derivatives classified as cash flow hedges, changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income (loss) and reclassified into earnings when the hedged transaction affects earnings. From time to time, however, NTT Group may enter into derivatives that economically hedge certain of its risks, even though hedge accounting does not apply. In these cases, changes in the fair values of these derivatives are recognized in current period earnings. NTT Group formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedging transactions. This process includes linking all derivatives that are designated as fair value or cash flow hedges to (1) specific assets or liabilities on the balance sheet or (2) specific firm commitments or forecasted transactions. NTT Group also assesses (both at the hedge’s inception and on an ongoing basis at least quarterly) whether the derivatives that are used in hedging transactions have been highly effective in offsetting changes in the fair value or cash flows of hedged items and whether those derivatives may be expected to remain highly effective in future periods. When it is determined that a derivative is not highly effective as a hedge, NTT Group discontinues hedge accounting. The amounts representing hedges’ ineffectiveness and the component of derivative instruments’ gain or loss excluded from the assessment of hedge effectiveness are reported as “Other, net” in the consolidated statements of income. Cash flows from financial instruments accounted for as hedges are classified in the consolidated statements of cash flows under the same category as the items being hedged. Earnings per share— Basic earnings per share (“EPS”) is computed based on the average number of shares outstanding during the year and is appropriately adjusted for any free distribution of common stock. Diluted EPS assumes the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock. Since NTT did not issue dilutive securities, there is no difference between basic EPS and diluted EPS. Variable Interest Entities— NTT Group consolidates VIEs if NTT Group has both the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. VIEs with assets totaling approximately ¥217 billion and ¥221 billion as of March 31, 2014 and 2015, respectively, which were established to develop and lease real estate for rental, for the purpose of securitization of mainly real estate, have been recognized and consolidated as VIEs in which NTT Group is the primary beneficiary. Assets and liabilities of VIEs established to develop and lease real estate at March 31, 2014 and 2015 are included in the consolidated balance sheets as follows: 2014 Develop and lease ( 1,2) Millions of yen Current assets ¥ 19,581 Property, plant and equipment 194,942 Investments and other assets 2,353 Current liabilities 2,756 Long-term liabilities 91,305 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥135,677 million, “Current portion of long-term debt” totaling ¥1,013 million and “Long-term debt” totaling ¥59,288 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥243,769 million. 2015 Develop and lease ( 1,2) Millions of yen Current assets ¥ 29,821 Property, plant and equipment 188,854 Investments and other assets 2,489 Current liabilities 3,502 Long-term liabilities 80,986 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥133,913 million, “Current portion of long-term debt” totaling ¥825 million and “Long-term debt” totaling ¥51,791 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥238,280 million. There is no VIE in which NTT Group holds a significant variable interest but is not the primary beneficiary as of March 31, 2015. Asset Retirement Obligations— NTT Group’s legal obligations associated with the retirement of tangible long-lived assets are recorded as liabilities, measured at fair value, when those obligations are incurred if a reasonable estimate of fair value can be made. Upon initially recognizing liabilities for asset retirement obligations, an entity must capitalize the cost by recognizing an increase in the carrying amount of the related long-lived assets. NTT Group’s asset retirement obligations primarily relate to obligations to restore leased land and buildings for NTT Group’s telecommunications equipment to their original condition. NTT has concluded that their estimates of the fair value of these liabilities are immaterial. Employees’ retirement benefits— NTT recognizes the funded status of its benefit plan, measured as the difference between the plan assets at fair value and the benefit obligation, in the consolidated balance sheets. Changes in the funded status are recognized as changes in comprehensive income (loss) during the fiscal period in which such changes occur. Pension benefits earned during the year as well as interest on projected benefit obligations are currently accrued. Prior service cost and net actuarial loss in excess of 10% of the greater of the projected benefit obligation or the fair value of plan assets, both of which are included in “Accumulated other comprehensive income (loss),” are amortized over the expected average remaining service period of employees on a straight-line basis. Accrued liabilities for point programs— NTT Group grants “points” to customers based on the usage of mobile, FLET’S Hikari and other services, which provide benefits, including discounts on merchandise, and records “Accrued liabilities for point programs” relating to the points that customers earn. Redeemable noncontrolling interests— A portion of noncontrolling interests of certain subsidiaries can be put to NTT Group upon certain events. As redemption of the noncontrolling interests is not solely in the control of NTT Group, the redemption amount based on fair value price is considered as “Redeemable noncontrolling interests” and presented in between Liabilities and Equity in the consolidated balance sheets. As of March 31, 2015, NTT Group believes that subsequent adjustment of the presented amount of redeemable noncontrolling interests is unnecessary because they are not currently redeemable and it is not probable that they will become redeemable. NTT Group will reassess the probability each fiscal year. An analysis of the changes for the fiscal year ended March 31, 2015 in Redeemable noncontrolling interests is shown below: 2014 2015 Millions of yen Balance at beginning of year ¥ — ¥ 25,912 Acquisition of new subsidiaries 25,912 — Comprehensive income (loss) Net income — 1,090 Other comprehensive income (loss) Foreign currency translation adjustments — 1,235 Changes in NTT’s ownership interest in subsidiaries — 35 Balance at end of year ¥ 25,912 ¥ 28,272 Reclassifications— Beginning April 1, 2013, in connection with NTT Group’s current state of business and initiatives such as efforts to expand into new business areas in the mobile communications business, NTT has reclassified, among other things, part of its “Mobile Voice Related Services revenues” and “IP/Packet Communications Services revenues” as “Other revenues,” and part of its “Other revenues” as “System Integration revenues.” Results for the fiscal years ended March 31, 2013 reflect such reclassification. (2) Recently issued Accounting Standards Revenue from Contracts with Customers— On May 28, 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers,” which requires an entity to recognize the amount to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for NTT Group on April 1, 2017. On April 29, 2015, the FASB issued an exposure draft to delay the effective date of the ASU by one year. In the event that the exposure draft goes into effect, the standard would be effective for NTT Group on April 1, 2018. Early adoption of the standard as of April 1, 2017 would also be permitted. NTT has not yet selected a transition method and is currently evaluating the effect that the ASU will have on NTT Group’s consolidated financial statements and related disclosures. |
Related party transactions
Related party transactions | 12 Months Ended |
Mar. 31, 2015 | |
Related party transactions | 3. Related party transactions: Related party transactions mainly consist of transactions with affiliated companies. NTT Group has entered into a number of different types of transactions with affiliated companies, the most significant of which are the purchases of terminal equipment and materials and the receipt of certain services. Transactions with affiliated companies are made at arm’s-length prices. Transactions with affiliated companies for each of the three years in the period ended March 31, 2015 and the related balances at March 31, 2013, 2014 and 2015 are as follows: 2013 2014 2015 Millions of yen Operating revenues ¥ 26,001 ¥ 31,372 ¥ 32,392 Operating expenses ¥ 105,295 ¥ 109,817 ¥ 126,461 Receivables ¥ 17,257 ¥ 24,254 ¥ 27,773 Payables ¥ 89,623 ¥ 105,341 ¥ 98,055 Dividends from affiliated companies accounted for by the equity method for the fiscal years ended March 31, 2013, 2014 and 2015 were ¥19,384 million, ¥23,249 million and ¥25,881 million, respectively. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Mar. 31, 2015 | |
Cash and cash equivalents | 4. Cash and cash equivalents: Cash and cash equivalents at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Cash ¥ 847,980 ¥ 807,817 Commercial paper and certificates of deposit, commercial paper and marketable securities purchased under agreements to resell 2,212 802 Time deposits, certificates of deposit and other 134,271 40,555 Total ¥ 984,463 ¥ 849,174 Commercial paper and certificates of deposit, commercial paper and marketable securities purchased under agreements to resell and time deposits, certificates of deposit and other are stated at amounts that approximate fair value. Cash is mainly deposited into several domestic financial institutions and there is no significant concentration of cash deposits in any particular financial institution. |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2015 | |
Inventories | 5. Inventories: Inventories at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Telecommunications equipment to be sold and materials ¥ 228,337 ¥ 181,258 Projects in progress 83,015 103,351 Supplies 103,957 105,914 Total ¥ 415,309 ¥ 390,523 |
Impairment of long-lived assets
Impairment of long-lived assets | 12 Months Ended |
Mar. 31, 2015 | |
Impairment of long-lived assets | 6. Impairment of long-lived assets: For the fiscal year ended March 31, 2015, NTT DOCOMO and its subsidiaries failed to meet the forecasted revenues of the multimedia broadcasting business for mobile devices due to new competition in content and services provided through smart phones and other devices, resulting in a significant increase in uncertainty over the likelihood of future significant improvement of the profitability of this business. This triggered NTT DOCOMO to conduct the recoverability for its long-lived assets, including property, plant and equipment and intangible assets, of the multimedia broadcasting business for the fiscal year ended March 31, 2015. The estimated undiscounted future cash flows generated by such long-lived assets were less than their carrying amounts. The fair value of long-lived assets related to the multimedia broadcasting business for mobile devices was estimated primarily based on the discounted cash flow method. As the discounted cash flows expected to be generated by the long-lived assets would be a negative, NTT DOCOMO recorded an impairment for the entire carrying amount of these assets. In addition, NTT DOCOMO estimated the fair value of certain equipment related to the multimedia broadcasting business based on the observable market transactions of comparable assets, such as the orderly liquidation value of each asset. Consequently, a reduction of the carrying amounts to fair value was necessary resulting in NTT DOCOMO recording a non-cash impairment loss of ¥30,161 million as “Impairment loss” in the consolidated statements of income, which included an impairment loss for the intangible assets of ¥6,365 million. |
Investments in affiliated compa
Investments in affiliated companies | 12 Months Ended |
Mar. 31, 2015 | |
Investments in affiliated companies | 7. Investments in affiliated companies: Philippine Long Distance Telephone Company— From March 2007 to February 2008, NTT DOCOMO additionally acquired approximately 7% of the outstanding common shares of Philippine Long Distance Telephone Company (“PLDT”), a telecommunications operator in the Philippines, for ¥98,943 million in the market. Together with the approximately 13% of PLDT’s outstanding common shares held before the additional acquisition by NTT DOCOMO, NTT Group held approximately 21% of the total outstanding common shares of PLDT as of March 31, 2008 and obtained the ability to exercise significant influence over PLDT. Accordingly, NTT Group accounted for its investment in PLDT by applying the equity method during the fiscal year ended March 31, 2008. Furthermore, NTT DOCOMO acquired an additional common equity interest for ¥19,519 million in November 2011, because PLDT acquired Digital Telecommunications Philippines, Inc. through a stock swap; and this was projected to decrease NTT Group’s interest in PLDT. As a result, NTT Group held approximately 20% of PLDT’s outstanding common shares. In October 2012, PLDT issued voting preferred stocks in order to dilute the foreign ownership interest in PLDT to less than the 40%, as a decision of the Supreme Court of the Philippines increased the foreign ownership percentage of PLDT in excess of 40% limit, which conflicts with a restriction on a foreign ownership in Philippines. As a result, NTT’s voting interest in PLDT decreased to approximately 12% from 20%. At that time, the guidelines of foreign ownership requirements were not clearly finalized yet, and therefore there was uncertainty about the foreign ownership requirements. As a consequence, NTT Group determined it no longer had the ability to exercise significant influence over PLDT during the three-month period ended December 31, 2012 and discontinued the application of the equity method of accounting for the investment in PLDT. In May 2013, the Securities and Exchange Commission in the Philippines announced a memorandum to clarify the guideline of foreign ownership requirements. NTT Group has determined it has the ability to exercise significant influence over PLDT, and therefore, NTT Group has reinstated the equity method of accounting retrospectively for its investment in PLDT. Consequently, the consolidated financial statements for the fiscal year ended March 31, 2013 have been revised for this reinstatement. The main effects on the consolidated financial statements for the fiscal year ended March 31, 2013 due to the revisions are as follows: Effects on consolidated balance sheet Millions of yen Line items As previously Adjustments As revised Investments in affiliated companies ¥ 411,371 ¥ 140,512 ¥ 551,883 Marketable securities and other investments 660,823 (303,601 ) 357,222 Deferred income taxes 694,361 58,467 752,828 Total investments and other assets 5,207,714 (104,622 ) 5,103,092 Retained earnings 5,229,407 (2,139 ) 5,227,268 Accumulated other comprehensive income (loss) (107,476 ) (85,456 ) (192,932 ) Total NTT shareholders’ equity 8,319,034 (87,595 ) 8,231,439 Noncontrolling interests 2,307,591 (17,027 ) 2,290,564 Effects on consolidated statement of income Millions of yen Line items As previously Adjustments As revised Other, net ¥ 35,832 ¥ (3,452 ) ¥ 32,380 Income before income taxes and equity in earnings (losses) of affiliated companies 1,201,099 (3,452 ) 1,197,647 Income tax expense (benefit)—Deferred 11,660 299 11,959 Equity in earnings (losses) of affiliated companies (17,707 ) 1,614 (16,093 ) Net income 709,739 (2,139 ) 707,600 Net income attributable to NTT 524,071 (2,139 ) 521,932 Effect on per share data yen Line items As previously Adjustments As revised Net income attributable to NTT 432.44 (1.77 ) 430.68 Effects on consolidated statement of comprehensive income Millions of yen Line items As previously Adjustments As revised Unrealized gain (loss) on securities ¥ 146,849 ¥ (99,340 ) ¥ 47,509 Unrealized gain (loss) on derivative instruments (4,756 ) 20 (4,736 ) Foreign currency translation adjustments 114,739 (2,351 ) 112,388 Pension liability adjustments 36,458 (812 ) 35,646 Total other comprehensive income (loss) 293,290 (102,483 ) 190,807 Total comprehensive income (loss) 1,003,029 (104,622 ) 898,407 Total comprehensive income (loss) attributable to NTT 774,438 (87,595 ) 686,843 NTT Group’s carrying amount of its investment in PLDT was ¥154,613million and ¥168,968 million as of March 31, 2014 and 2015, respectively. The aggregate market price of the PLDT shares owned by NTT Group was ¥277,025 million and ¥340,268 million as of March 31, 2014 and 2015, respectively. Tata Teleservices Limited— On November 12, 2008, NTT DOCOMO entered into a capital alliance with Tata Teleservices Limited (“TTSL”) and Tata Sons Limited (“Tata Sons”), the parent company of TTSL. On March 25, 2009, NTT Group acquired approximately 26% of the outstanding common shares of TTSL for ¥252,321 million pursuant to the capital alliance and accounted for the investment by applying the equity method. NTT DOCOMO made additional investments totaling ¥14,424 million in response to a rights offering that TTSL commenced in March and May, 2011. TTSL has used the capital increase to strengthen the quality of the 3G network in India’s market. As a result of its participation in the rights offering, NTT Group’s equity interest in TTSL slightly increased to approximately 26.5%. NTT DOCOMO determined that the decline in value below carrying amount was other-than-temporary and recognized impairment charges of ¥6,813 million and ¥51,244 million related to its investment in TTSL for the fiscal years ended March 31, 2013 and 2014, respectively. Under the shareholders agreement (the “Agreement”) entered into among TTSL, Tata Sons and NTT DOCOMO, when NTT DOCOMO entered into a business alliance with TTSL in March 2009, NTT DOCOMO shall have certain shareholder rights including the right to require Tata Sons to find a suitable buyer for NTT DOCOMO’s entire stake (1,248,974,378 shares, or approximately 26.5% of outstanding shares) in TTSL for 50% of the NTT DOCOMO’s acquisition price, which amounts to 72.5 billion Indian rupees (or ¥141.4 billion*) or at fair value, whichever is higher, in the event that TTSL fails to achieve certain specified performance targets by March 31, 2014. The right became exercisable on May 30, 2014, and NTT DOCOMO exercised the right on July 7, 2014. The obligation of Tata Sons under the Agreement was not fulfilled, although NTT DOCOMO repeatedly held discussions with Tata Sons in regards to the sale of its entire stake in TTSL, pursuant to the Agreement. Accordingly, NTT DOCOMO submitted its request for arbitration to the London Court of International Arbitration on January 3, 2015. The sale of investment in TTSL has not been completed as Tata Sons has not fulfilled its obligation, and thus NTT DOCOMO has not accounted for the sales transaction for the year ended March 31, 2015. NTT DOCOMO continues to account for the investment in TTSL under the equity method as NTT DOCOMO continues to hold approximately 26.5% of the outstanding voting shares of TTSL and have the representation on the board of directors of TTSL even after submitting the request for arbitration. The financial effect of this matter cannot be estimated at this time due to the aforementioned uncertainties surrounding this investment. NTT DOCOMO may recognize a gain or loss upon disposition of its TTSL shares or in the event that it becomes probable that the likelihood of the transaction as described above will not be carried out. Impairment— NTT Group reviews factors such as the financial condition and near-term prospects of its affiliates on a regular basis in order to determine if any decline in investment values was other than temporary. NTT Group reviewed the business outlook of TTSL in order to determine if the value of the investment in TTSL has suffered a decline that was other than temporary because of the recent economic and financial environment surrounding its industry. During the fiscal year ended March 31, 2013, NTT Group’s estimated future cash flows of TTSL were adjusted downward as a result of the intensifying tariff competition among mobile network operators in India, and NTT DOCOMO’s views of its long term outlook at that time and NTT Group concluded that the recoverable amount was significantly below carrying amount and that this impairment was other than temporary. Consequently, NTT Group recognized an impairment charge. During the fiscal year ended March 31, 2014 NTT DOCOMO’s estimate of future cash flows of TTSL were further revised downward as a result of the growing business risk of mobile network operators in India, including an increase in the cost of maintaining or acquiring frequency spectrum due to a steep rise of the auction price of frequency spectrum in India. Reflecting growing business risk and recent operating results of TTSL, the weighted average cost of capital increased to 12.6%, which was applied to these revised estimated cash flows and NTT Group concluded that the decline in value was other than temporary. Consequently, NTT Group recognized an additional impairment charge. * 1 rupee = ¥1.95 as of May 29, 2015 As a result of this review and evaluation, NTT Group determined that there were other-than-temporary declines in values of certain investments including TTSL and recognized impairment charges aggregating ¥25,913 million and ¥51,279 million, for the fiscal years ended March 31, 2013 and 2014, respectively. These impairment losses are included in the consolidated statements of income under “Equity in earnings (losses) of affiliated companies.” During the fiscal year ended March 31, 2015, NTT Group determined that the value of the investment in TTSL has not suffered a decline that was other than temporary. NTT’s share of undistributed earnings of its affiliated companies included in its consolidated retained earnings were ¥76,040 million, ¥100,976 million and ¥90,631 million as of March 31, 2013, 2014 and 2015, respectively. NTT Group’s total investment in its affiliated publicly-held companies at March 31, 2014 and 2015 were ¥172,199 million and ¥187,209 million, respectively, and based on quoted market prices at that date, the related market values were ¥310,500 million and ¥368,000 million, respectively. The total carrying amounts of NTT’s investments in affiliates in the consolidated balance sheets at March 31, 2014 and 2015 were greater by ¥260,664 million and by ¥273,416 million, respectively, than its aggregate underlying equity in net assets of such affiliates as of the date of the most recent available financial statements of the investees. The differences mainly consist of investor level goodwill and fair value adjustments for amortizable intangible assets. |
Marketable securities and other
Marketable securities and other investments | 12 Months Ended |
Mar. 31, 2015 | |
Marketable securities and other investments | 8. Marketable securities and other investments: Marketable securities and other investments include available-for-sale securities composed of equity securities and debt securities and held-to-maturity debt securities. The aggregate carrying amounts, gross unrealized holding gains, gross unrealized holding losses and fair value of available-for-sale and held-to-maturity securities at March 31, 2014 and 2015 are as follows: March 31, 2014 Cost Gross Gross Fair value Millions of yen Available-for-sale: Equity securities ¥ 134,819 ¥ 128,150 ¥ 376 ¥ 262,593 Debt securities 55,650 1,541 202 56,989 Held-to-maturity: Commercial paper* 2,212 — — 2,212 Other debt securities 3,933 24 — 3,957 Total ¥ 196,614 ¥ 129,715 ¥ 578 ¥ 325,751 * Commercial paper is included “Cash and cash equivalents” totaling ¥2,212 million. March 31, 2015 Cost Gross Gross Fair value Millions of yen Available-for-sale: Equity securities ¥ 153,933 ¥ 232,814 ¥ 1,425 ¥ 385,322 Debt securities 68,420 1,534 337 69,617 Held-to-maturity: Commercial paper* 802 — — 802 Other debt securities 4,729 46 — 4,775 Total ¥ 227,884 ¥ 234,394 ¥ 1,762 ¥ 460,516 * Commercial paper is included “Cash and cash equivalents” totaling ¥802 million. Gross unrealized holding losses and the fair value of available-for-sale securities and held-to-maturity securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014 and 2015 are as follows: March 31, 2014 Less than 12 months 12 months or longer Fair value Gross Fair value Gross Millions of yen Available-for-sale: Equity securities ¥ 7,433 ¥ 269 ¥ 946 ¥ 107 Debt securities 996 54 649 148 Held-to-maturity: Debt securities — — — — March 31, 2015 Less than 12 months 12 months or longer Fair value Gross Fair value Gross Millions of yen Available-for-sale: Equity securities ¥ 7,248 ¥ 1,417 ¥ 45 ¥ 8 Debt securities 15,013 322 135 15 Held-to-maturity: Debt securities — — — — In the ordinary course of business, NTT Group maintains equity securities as long-term investment accounted for under the cost method, which are included in “Marketable securities and other investments.” The total carrying amounts of those securities were ¥88,467 million and ¥67,088 million at March 31, 2014 and 2015, respectively. As these investments are not quoted at market prices, a reasonable estimate of fair value could not be made without incurring excessive costs. Accordingly, NTT Group believes that it is not practicable to disclose estimated fair values of these cost method investments. Unless NTT Group identifies events or changes in circumstances that may have had a significant adverse effect on the fair value of these investments, the fair value of such cost method investments is not estimated. NTT Group did not evaluate fair values of investment securities with an aggregate carrying amount of ¥86,242 million and ¥64,960 million for impairment at March 31, 2014 and 2015, respectively. Proceeds, gross realized gains and losses from sales of available-for-sale securities for each of the three years in the period ended March 31, 2015 are as follows: 2013 2014 2015 Millions of yen Proceeds ¥ 4,433 ¥ 4,074 ¥ 10,117 Gross realized gain 2,264 2,345 5,158 Gross realized loss 37 49 875 Maturities of debt securities classified as held-to-maturity at March 31, 2014 and 2015 are as follows. March 31, 2014 March 31, 2015 Carrying Fair Carrying Fair Millions of yen Due within 1 year ¥ 2,212 ¥ 2,212 ¥ 1,968 ¥ 1,972 Due after 1 year through 5 years 2,519 2,531 1,624 1,629 Due after 5 years through 10 years 939 939 1,638 1,650 Due after 10 years 475 487 301 326 Total ¥ 6,145 ¥ 6,169 ¥ 5,531 ¥ 5,577 |
Goodwill, Software and other in
Goodwill, Software and other intangible assets | 12 Months Ended |
Mar. 31, 2015 | |
Goodwill, Software and other intangible assets | 9. Goodwill, Software and other intangible assets: Goodwill— A goodwill impairment charge of ¥23,042 million was recognized during the fiscal year ended March 31, 2013 for goodwill attributable to the NTT America reporting unit in the long distance and international communications business segment. The fair value of the reporting unit was determined using the discount cash flow method. The amount of goodwill included in the mobile communications business segment is mainly related to NTT DOCOMO’s share repurchase program. The repurchases of shares by NTT DOCOMO resulting in increases in NTT’s ownership interest in NTT DOCOMO were accounted for as acquisitions of minority interests using the purchase method, but have been accounted for as equity transactions with noncontrolling interests since April 2009. The changes in goodwill by reportable segment for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Long distance and Mobile Data Other Total Millions of yen Balance at March 31, 2013 ¥ 204,879 ¥ 445,729 ¥ 171,037 ¥ 2,571 ¥ 824,216 Goodwill acquired during year 122,522 34,811 29,333 — 186,666 Impairment losses — — — — — Foreign currency translation adjustments 42,278 11,559 21,917 — 75,754 Other — — — — — Balance at March 31, 2014 ¥ 369,679 ¥ 492,099 ¥ 222,287 ¥ 2,571 ¥ 1,086,636 2015 Long distance and Mobile Data Other Total Millions of yen Balance at March 31, 2014 ¥ 369,679 ¥ 492,099 ¥ 222,287 ¥ 2,571 ¥ 1,086,636 Goodwill acquired during year 37,799 — 2,870 — 40,669 Impairment losses (3,464 ) — — — (3,464 ) Foreign currency translation adjustments 44,312 5,918 19,118 — 69,348 Other (6,226 ) (802 ) — — (7,028 ) Balance at March 31, 2015 ¥ 442,100 ¥ 497,215 ¥ 244,275 ¥ 2,571 ¥ 1,186,161 Software and Other intangible assets — The following table presents the major components of software and other intangible assets as of March 31, 2014 and 2015. 2014 2015 Millions of yen Amortizable intangible assets: Computer software ¥ 5,954,842 ¥ 6,129,753 Rights to use utility facilities 336,510 337,496 Other 447,812 489,844 Accumulated amortization (5,099,133 ) (5,390,151 ) Total amortizable intangible assets 1,640,031 1,566,942 Non-amortizable intangible assets: Trademarks and trade names 54,283 55,859 Rights to acquire the building 16,792 16,792 Other — 21,915 Total non-amortizable intangible assets 71,075 94,566 Total ¥ 1,711,106 ¥ 1,661,508 The aggregate amortization expense for amortizable intangible assets for the fiscal years ended March 31, 2013, 2014 and 2015 were ¥473,247 million, ¥493,436 million and ¥447,591 million, respectively. Computer software is recognized at cost and is amortized on a straight-line basis over its estimated useful life, which is generally from five to seven years. Rights to use utility facilities are acquired using lump-sum cash payments and mainly consist of cable tunnels and public use joint tunnels. Such rights are recorded at cost and are amortized on a straight-line basis over their estimated useful lives of 50 years. Other intangible assets are also recognized at cost and amortized on a straight-line basis over their estimated useful lives averaging 12 years. Trademarks and trade names are intangible assets with indefinite lives acquired through business combinations. On March 31, 2014, in connection with the Otemachi 2-Chome Area Redevelopment Project, NTT was granted a co-ownership interest of land worth ¥45,429 million and a right to acquire the proprietary floor space worth ¥16,792 million in the new building, through an exchange of its leasehold and other rights. For the fiscal year ended March 31, 2014, NTT included these rights in “Property” and “Other intangible assets,” respectively, in its consolidated balance sheets and also recorded a ¥59,996 million gain resulting from the difference between the fair value of the acquired assets and the book value of the transferred leasehold and other rights under “Other, net” of “Other income (expenses)” in its consolidated statement of income. The estimated aggregate amortization expenses for intangible assets during each of the five years ending March 31 are as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 407,510 2017 334,830 2018 260,752 2019 189,563 2020 124,508 |
Short-term borrowings and long-
Short-term borrowings and long-term debt | 12 Months Ended |
Mar. 31, 2015 | |
Short-term borrowings and long-term debt | 10. Short-term borrowings and long-term debt: Short-term borrowings at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Borrowings denominated in Japanese yen: Unsecured short-term loans from financial institutions bearing interest at weighted average rates of 0.33% and 0.26% per annum at March 31, 2014 and 2015, respectively ¥ 49,909 ¥ 39,238 Commercial paper bearing interest at weighted average rates of 0.08% and 0.09% per annum at March 31, 2014 and 2015, respectively 89,000 206,993 Borrowing denominated in foreign currencies: Unsecured short-term loans from financial institutions 129,835 84,192 Commercial paper 700 — Total short-term debt ¥ 269,444 ¥ 330,423 Long-term debt at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Debt denominated in Japanese yen: 0.15% – 2.06% coupon bonds due 2015 – 2031 ¥ 1,795,967 ¥ 1,700,969 0.42% floating rate bond due 2022 100 100 Secured indebtedness to financial institutions— 0.70% (weighted average) loans due 2015 – 2029 61,382 49,408 0.30% (weighted average) floating rate loans due 2018 – 2026 — 18,744 Unsecured indebtedness to financial institutions— 0.99% (weighted average) loans due 2015 – 2031 1,599,342 1,683,994 0.28% (weighted average) floating rate loans due 2015 – 2026 98,130 88,309 3,554,921 3,541,524 Debt denominated in foreign currencies: 0.89% – 2.15% U.S. dollar notes due 2016 – 2020 182,889 213,250 0.69% floating rate U.S. dollar notes due 2019 — 24,034 Unsecured indebtedness to financial institutions— 0.68% (weighted average) U.S. dollar floating rate loans due 2015 – 2029 98,716 164,010 0.88% (weighted average) U.K. pound floating rate loans due 2016 – 2018 18,918 17,987 0.97% (weighted average) Euro loans due 2015 – 2025 6,938 50,084 0.71% (weighted average) Euro floating rate loans due 2015 – 2020 6,367 16,701 Other loans due 2015 – 2033 40,691 31,844 354,519 517,910 Total long-term debt principal 3,909,440 4,059,434 Less—Deferred bond discounts (416 ) (330 ) 3,909,024 4,059,104 Less—Current portion (425,351 ) (370,279 ) Total long-term debt ¥ 3,483,673 ¥ 3,688,825 Interest rates and due dates in the above table are stated at March 31, 2015. All holders of the bonds and notes totaling ¥1,051,257 million issued by NTT, referred to in the above table, generally have preferential rights under the NTT Act to be paid prior to other unsecured indebtedness, subject to certain general preferential rights provided for in the Japanese Civil Code, such as preferential rights of employees to wages. The bond and note agreements relating to NTT’s long-term debt at March 31, 2015 generally provide that the bonds and notes may be purchased by NTT in the market or directly from the holders. Additionally, certain of the bonds and notes are redeemable at the option of NTT, generally at the principal amount. The balance of long-term debt as of March 31, 2015, and the aggregate amounts of annual maturities from the fiscal year ending March 31, 2016 to the fiscal year ending March 31, 2020 and thereafter are as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 370,279 2017 474,807 2018 683,159 2019 598,374 2020 445,719 Thereafter 1,486,766 Total ¥ 4,059,104 As of March 31, 2015, NTT Group has unused committed lines of credit amounting to ¥105.5 billion. |
Employees' retirement benefits
Employees' retirement benefits | 12 Months Ended |
Mar. 31, 2015 | |
Employees' retirement benefits | 11. Employees’ retirement benefits: (1) Severance Payments and Contract-type Corporate Pension Plans Employees are generally entitled to lump-sum severance payments based on NTT’s severance payment plans, determined by reference to the employee’s basic rate of pay, length of service and other conditions. NTT and certain subsidiaries sponsors non-contributory funded contract-type corporate pension plans, which cover 28% of the severance benefits under the severance payment plans to employees who are more than 50 years old and retire after twenty or more years of service. The benefits are also payable in a lump sum at the option of the employee. During the fiscal year ended March 31, 2014, NTT Group decided to transition from the contract-type corporate pension plans to a defined contribution pension plan, effective from future contributions subsequent to April 1, 2014. NTT Group’s contract-type corporate pension plan continues to remain for the pension benefit earned up to March 31, 2014. Upon the curtailment of the contract-type corporate pension plans, NTT Group fully amortized its prior service costs and recognized a curtailment gain of ¥12,966 million for the fiscal year ended March 31, 2014. The following table presents the reconciliation of the changes in the plans’ benefit obligations and fair value of plan assets during the fiscal years ended March 31, 2014 and 2015. NTT uses a March 31 measurement date. 2014 2015 Millions of yen Change in benefit obligations: Benefit obligation, beginning of year ¥ 2,012,924 ¥ 1,903,160 Service cost 72,631 65,160 Interest cost 30,021 25,510 Actuarial loss (gain) (46,672 ) 54,522 Other 7,249 (11,992 ) Benefit payments - Lump-sum severance payments and Pension (172,993 ) (156,391 ) Benefit obligation, end of year 1,903,160 1,879,969 Change in fair value of plan assets: Fair value of plan assets, beginning of year 1,125,165 1,130,188 Actual return on plan assets 71,150 96,646 Employer contributions 42,130 3,028 Other 2,967 1,571 Benefit payments - Pension (111,224 ) (108,697 ) Fair value of plan assets, end of year 1,130,188 1,122,736 At March 31: Under-funded status ¥ (772,972 ) ¥ (757,233 ) The following table presents the amounts recognized in the consolidated balance sheets: 2014 2015 Millions of yen At March 31: Liability for employees’ retirement benefits ¥ (831,192 ) ¥ (869,635 ) Other assets 58,220 112,402 Accumulated other comprehensive loss (income) 189,737 162,053 Net amount recognized ¥ (583,235 ) ¥ (595,180 ) The following table provides the amounts recognized as accumulated other comprehensive loss (income): 2014 2015 Millions of yen At March 31: Net actuarial loss ¥ 193,727 ¥ 164,108 Transition obligation 609 453 Prior service cost ( * ) (4,599 ) (2,508 ) Total ¥ 189,737 ¥ 162,053 (*) Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plans. The accumulated benefit obligation was ¥1,903,157 million and ¥1,880,896 million at March 31, 2014 and 2015, respectively. The projected benefit obligation and the fair value of plan assets in the plans with projected benefit obligations in excess of fair value of plan assets at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen At March 31: Projected benefit obligation ¥ 1,897,092 ¥ 1,873,427 Fair value of plan assets 1,123,514 1,113,285 The accumulated benefit obligation and the fair value of plan assets in the plans with accumulated benefit obligations in excess of fair value of plan assets at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen At March 31: Accumulated benefit obligation ¥ 1,897,090 ¥ 1,873,425 Fair value of plan assets 1,123,514 1,113,285 The charges to income for employees’ retirement benefits for each of the three years in the period ended March 31, 2015 included the following components: 2013 2014 2015 Millions of yen Service cost ¥ 72,628 ¥ 72,631 ¥ 65,160 Interest cost on projected benefit obligation 37,511 30,021 25,510 Expected return on plan assets (21,179 ) (22,069 ) (22,027 ) Amortization of net actuarial loss 16,891 7,694 3,463 Amortization of transition obligation 167 167 156 Amortization of prior service cost (5,266 ) (3,997 ) (1,468 ) Curtailment gain from the change in pension plans — (12,966 ) — Total ¥ 100,752 ¥ 71,481 ¥ 70,794 Other changes in plan assets and benefit obligations recognized as other comprehensive loss (income) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Other comprehensive loss (income) Net gain arising during period ¥ (95,681 ) ¥ (20,097 ) Amortization of net actuarial loss (7,694 ) (3,463 ) Amortization of transition obligation (167 ) (156 ) Accrued prior service cost — — Amortization of prior service cost 3,997 1,468 Reclassification of prior service cost due to curtailment 12,894 — Other (1,081 ) (5,436 ) Total ¥ (87,732 ) ¥ (27,684 ) The amounts of net actuarial loss, transition obligation and prior service cost included as accumulated other comprehensive loss (income) expected to be recognized as components of net periodic benefit cost for the fiscal year ending March 31, 2016 amount to ¥5,190 million, ¥50 million and ¥(1,454) million, respectively. The following table presents the weighted-average assumptions used to determine the benefit obligations and net periodic benefit cost: 2013 2014 2015 Weighted-average assumption used to determine benefit obligations at March 31 Discount rate 1.5 % 1.4 % 1.0 % Rate of compensation increase 2.4-3.4 % 2.4-4.0 % 2.4-4.0 % Weighted-average assumption used to determine net periodic benefit cost for years ended March 31 Discount rate 1.9 % 1.5 % 1.4 % Rate of compensation increase 2.4-3.4 % 2.4-3.4 % 2.4-4.0 % Expected long-term return on plan assets 2.0 % 2.0 % 2.0 % In determining the expected long-term rate of return on plan assets, NTT considers the current and projected asset allocations, as well as expected long-term investment returns and risks for each category of plan assets based on analysis of historical results. The following table presents the fair values of pension plan assets of contract-type corporate pension plans as of March 31, 2014 and 2015. Descriptions of fair value hierarchy and the inputs used in measuring fair value are presented in note 15. As of March 31, 2014 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 4,900 ¥ 4,900 — — Debt securities Japanese government bonds/local government bonds 288,204 284,344 3,860 — Domestic corporate bonds 93,119 — 93,119 — Foreign government bonds 75,793 74,756 1,037 — Foreign corporate bonds 2,102 515 1,587 — Equity securities Domestic 105,135 105,135 — — Foreign 81,700 81,700 — — Securities investment trust Domestic/debt securities 11,493 — 11,493 — Domestic/equity securities 9,952 — 9,952 — Foreign/debt securities 7,496 — 7,496 — Foreign/equity securities 10,045 — 10,045 — Pooled funds 229,723 — 229,723 — Life insurance company general accounts 208,349 — 208,349 — Others 2,177 — 4 2,173 Total ¥ 1,130,188 ¥ 551,350 ¥ 576,665 ¥ 2,173 As of March 31, 2015 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 4,796 ¥ 4,796 — — Debt securities Japanese government bonds/local government bonds 326,908 321,925 4,983 — Domestic corporate bonds 105,254 — 105,254 — Foreign government bonds 85,681 84,970 711 — Foreign corporate bonds 1,770 417 1,353 — Equity securities Domestic 118,169 118,150 19 — Foreign 82,325 82,325 — — Securities investment trust Domestic/debt securities 13,030 — 13,030 — Domestic/equity securities 10,985 — 10,985 — Foreign/debt securities 8,189 — 8,189 — Foreign/equity securities 10,809 — 10,809 — Pooled funds 150,199 — 150,199 — Life insurance company general accounts 203,026 — 203,026 — Others 1,595 — 3 1,592 Total ¥ 1,122,736 ¥ 612,583 ¥ 508,561 ¥ 1,592 Cash and cash equivalents Cash and cash equivalents include foreign currency deposits and call loans, and are all classified as Level 1. Debt securities Debt securities include Japanese government bonds and local government bonds, domestic corporate bonds, foreign government bonds and foreign corporate bonds. If active market prices are available, fair value is measured by quoted prices for identical assets in active markets, which is classified as Level 1. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Equity securities Equity securities include domestic stocks and foreign stocks. If active market prices are available, fair value is measured by quoted prices for identical assets in active markets, which is classified as Level 1. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Securities investment trust Securities investment trust beneficiary certificates include bond investment trusts and foreign stock investment trusts. Fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Pooled funds Pooled funds include government bonds, local government bonds, domestic stocks and foreign stocks. Fair value of pooled funds is evaluated based on net asset value as reported by the trust operator, and is classified as Level 2. Life insurance company general accounts Life insurance company general accounts are the financial assets which guarantee an expected rate of return and principal and they are all classified as Level 2. Others Others include fund of hedge funds, among other things. Fair value is measured by inputs derived from unobservable data, which is classified as Level 3. Level 3 reconciliation is not disclosed, since the amounts in Level 3 are immaterial. NTT Group’s policy with respect to asset management planning is formulated with the ultimate objective of ensuring the steady disbursement of benefits in future periods. Therefore, the long-term objective of asset management is to secure the total profits deemed necessary to ensure pension financing. To achieve this, NTT Group selects various investments and takes into consideration their expected returns and risks and the correlation among them. NTT Group then sets the target allocation ratio for plan assets and endeavors to maintain that ratio. The target allocations are formulated from a mid- to long-term perspective and are reviewed annually. In the event that there is a significant change in the investment environment, NTT Group also reviews the asset allocations as necessary. The target allocations in March 2015 are: domestic bonds, 47.0%; domestic stocks, 13.0%; foreign bonds, 10.0%; foreign stocks, 10.0%; and life insurance company general accounts, 20.0%. Domestic stocks include NTT Group’s and its affiliates’ common stock with an aggregate fair value of ¥2,535 million (0.2% of total plan assets) and ¥2,619 million (0.2% of total plan assets) at March 31, 2014 and 2015, respectively. The estimated future benefit payments are as follows: Year ending March 31 Millions of yen 2016 ¥ 133,625 2017 133,657 2018 145,235 2019 135,510 2020 124,795 2021-2025 543,266 Total ¥ 1,216,088 (2) Defined Contribution Pension Plan NTT and certain subsidiaries recorded retirement benefit expenses of ¥18,082 million of related to NTT Group’s defined contribution benefit plan in the fiscal year ended March 31, 2015. (3) Social Welfare Pension Scheme and NTT Kigyou-Nenkin-Kikin (NTT Corporate Defined Benefit Pension Plan) Since its incorporation in April 1985, both NTT Group and its employees made contributions every year to the Nippon Telegraph and Telephone Mutual Aid Plan (the “NTT Mutual Aid Plan”), which was one of the Japanese government-regulated social welfare pension schemes, based on the Public Corporation Employee Mutual Aid Association Law, and was operated to pay pension benefits to the retired/existing employees of NTT, Public Corporation and/or their predecessor government organizations (Ministry of Communications in the area of telecommunications and the Ministry of Telecommunications). The NTT Mutual Aid Plan was considered as a multi-employer plan and, accordingly, contributions were recognized as an expense when they were required for the period. As part of the Japanese social welfare pension scheme restructuring in 1997, the Japanese Welfare Pension Insurance Law was amended effective April 1, 1997 to integrate the NTT Mutual Aid Plan under the Public Corporation Employee Mutual Aid Association Law with the Welfare Pension Insurance Scheme under the Japanese Welfare Pension Insurance Law. This converted the NTT Mutual Aid Plan into (a) the national Kosei-Nenkin (a) The National Plan The National Plan is a government-regulated social welfare pension plan under the Japanese Welfare Pension Insurance Law and since April 1997, both NTT Group and its employees have made contributions to such plan every year. It is considered as a multi-employer plan and contributions are recognized as expenses when contributions are required. The total amounts of contributions were ¥124,405 million, ¥126,310 million and ¥122,476 million for the fiscal years ended March 31, 2013, 2014 and 2015, respectively. In addition, the National Plan is a social welfare pension scheme, and because the information required by its accounting standards is limited, additional quantitative information relating to participation in the multi-employer plan is not disclosed. (b) The NTT CDBP (former NTT Plan) NTT established the NTT Plan in April 1997. Both NTT Group and its employees made contributions to the plan to supplement the pension benefits to which the employees were entitled under the National Plan. The NTT Plan was regulated under the Japanese Welfare Pension Insurance Law and covered a substitutional portion of the National Plan. The NTT Plan is considered a defined benefit pension plan and is accounted for separately from the severance payments and the contract-type corporate pension plans as described in (1) above. In June 2003, under the Law Concerning Defined-Benefit Corporate Pension Plans, the NTT Plan applied to the Japanese Government for permission to be relieved of the obligations related to future employee services to disburse the NTT Plan benefits covering the substitutional portion and in September 2003, the approval was granted. In April 2007, the NTT Plan applied for permission to be relieved of the remaining obligations related to past services to disburse the benefits covering the substitutional portion, and in July 2007, the approval was granted. As a result, the NTT Plan was converted to the NTT CDBP, a defined-benefit corporate pension fund. In February 2008, the NTT CDBP completed the transfer to the Japanese Government of the substitutional portion of the benefit obligations and related plan assets, determined pursuant to the government formula, of the pension fund to the government agency. In October 2013, NTT Group re-examined its wage system and implemented the “Reconstruction of the treatment system in light of future business operations” in order to evaluate the current compensation system and increase employment opportunities for individuals over the age of 60. As the eligible age to begin receiving pension benefits is expected to be delayed in connection with this reconstruction plan, the value of the projected benefit obligations decreased by ¥76,050 million as of October 1, 2013, and is being amortized as prior service cost starting from the effective date through the remaining service period of applicable employees. The following table presents a reconciliation of the changes in the benefit obligations and fair value of assets of the NTT CDBP at March 31, 2014 and 2015. NTT uses a March 31 measurement date. 2014 2015 Millions of yen Change in benefit obligations: Benefit obligation, beginning of year ¥ 1,601,091 ¥ 1,553,265 Service cost 39,098 37,281 Interest cost 22,961 21,278 Actuarial loss (gain) 173 97,160 Plan amendment (76,050 ) — Other 122 9,293 Benefit payments (34,130 ) (34,846 ) Benefit obligation, end of year 1,553,265 1,683,431 Change in fair value of plan assets: Fair value of plan assets, beginning of year 983,336 1,056,584 Actual return on plan assets 96,590 116,626 Employer contributions 7,052 16,818 Employee contributions 3,557 3,753 Other 179 6,169 Benefits payments (34,130 ) (34,846 ) Fair value of plan assets, end of year 1,056,584 1,165,104 At March 31: Under-funded status ¥ (496,681 ) ¥ (518,327 ) The following table provides the amounts recognized in the consolidated balance sheets: 2014 2015 Millions of yen At March 31: Liability for employees’ retirement benefits ¥ (496,681 ) ¥ (518,327 ) Accumulated other comprehensive loss 23,188 28,015 Net amount recognized ¥ (473,493 ) ¥ (490,312 ) The following table provides the amounts recognized as accumulated other comprehensive loss (income): 2014 2015 Millions of yen At March 31: Net actuarial loss ¥ 95,549 ¥ 93,281 Prior service cost ( * ) (72,361 ) (65,266 ) Total ¥ 23,188 ¥ 28,015 (*) Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plan. The accumulated benefit obligation was ¥1,328,536 million and ¥1,435,669 million at March 31, 2014 and 2015, respectively. The charges to income for employees’ retirement benefits for each of the three years in the period ended March 31, 2015 included the following components: 2013 2014 2015 Millions of yen Service cost ¥ 37,647 ¥ 39,098 ¥ 37,281 Interest cost on projected benefit obligation 27,260 22,961 21,278 Expected return on plan assets (21,743 ) (23,871 ) (25,825 ) Amortization of net actuarial loss 15,982 15,265 5,783 Amortization of prior service cost (3,187 ) (5,512 ) (7,487 ) Employee contributions (3,573 ) (3,557 ) (3,753 ) Total ¥ 52,386 ¥ 44,384 ¥ 27,277 Other changes in plan assets and benefit obligations recognized as other comprehensive loss (income) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Other comprehensive loss (income) Net loss (gain) arising during period ¥ (72,546 ) ¥ 6,359 Amortization of net actuarial loss (15,265 ) (5,783 ) Accrued prior service cost (76,050 ) — Amortization of prior service cost 5,512 7,487 Other 1 (3,236 ) Total ¥ (158,348 ) ¥ 4,827 The amounts of net actuarial loss and prior service cost included as accumulated other comprehensive loss (income) expected to be recognized as components of net periodic benefit cost for the fiscal year ending March 31, 2016 amount to ¥5,099 million and ¥(7,485) million, respectively. The following table presents the weighted-average assumptions used to determine the benefit obligations and net periodic benefit cost: 2013 2014 2015 Weighted-average assumption used to determine benefit obligations at Discount rate 1.5% 1.4% 1.0 % Rate of compensation increase 3.9% 3.4% 3.4 % Weighted-average assumption used to determine net periodic benefit cost for years ended March 31 Discount rate 1.9% 1.5% 1.4 % Rate of compensation increase 3.4% 3.9% 3.4 % Expected long-term return on plan assets 2.5% 2.5% 2.5 % In determining the expected long-term rate of return on plan assets, NTT Group considers the current and projected asset allocations, as well as expected long-term investment returns and risks for each category of the plan assets based on analysis of historical results. The following table presents the fair values of pension plan assets of NTT CDBP as of March 31, 2014 and 2015. Descriptions of fair value hierarchy and the inputs used in measuring fair value are presented in note 15. As of March 31, 2014 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 7,859 ¥ 7,859 — — Debt securities Japanese government bonds/local government bonds 297,645 292,603 5,042 — Domestic corporate bonds 80,603 — 80,603 — Foreign government bonds 76,442 75,534 908 — Foreign corporate bonds 1,268 161 1,107 — Equity securities Domestic 185,915 185,915 — — Foreign 114,284 114,284 — — Securities investment trust Domestic/debt securities 17,921 — 17,921 — Domestic/equity securities 25,881 — 25,881 — Foreign/debt securities 17,952 — 17,952 — Foreign/equity securities 16,522 — 16,522 — Pooled funds 92,753 — 92,753 — Life insurance company general accounts 118,487 — 118,487 — Others 3,052 — 21 3,031 Total ¥ 1,056,584 ¥ 676,356 ¥ 377,197 ¥ 3,031 As of March 31, 2015 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 8,984 ¥ 8,984 — — Debt securities Japanese government bonds/local government bonds 323,496 318,634 4,862 — Domestic corporate bonds 91,110 — 91,110 — Foreign government bonds 82,179 81,565 614 — Foreign corporate bonds 1,178 346 832 — Equity securities Domestic 214,675 214,645 30 — Foreign 124,158 124,157 — 1 Securities investment trust Domestic/debt securities 20,298 — 20,298 — Domestic/equity securities 28,994 — 28,994 — Foreign/debt securities 19,788 — 19,788 — Foreign/equity securities 18,382 — 18,382 — Pooled funds 94,532 — 94,532 — Life insurance company general accounts 134,892 — 134,892 — Others 2,438 — 2 2,436 Total ¥ 1,165,104 ¥ 748,331 ¥ 414,336 ¥ 2,437 Cash and cash equivalents Cash and cash equivalents include foreign currency deposits and call loans, and are all classified as Level 1. Debt securities Debt securities include Japanese government bonds and local government bonds, domestic corporate bonds, foreign government bonds and foreign corporate bonds. If active market prices are available, fair value is measured by quoted prices for identical assets in active markets, which is classified as Level 1. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Equity securities Equity securities include domestic stocks and foreign stocks. If active market prices are available, fair value is measured by quoted prices for identical assets in active markets, which is classified as Level 1. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Securities investment trust Securities investment trust beneficiary certificates include bond investment trusts and foreign stock investment trusts. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Pooled funds Pooled funds include government bonds, local government bonds, domestic stocks and foreign stocks. Fair value of pooled funds is evaluated based on net asset value as reported by the trust operator, and is classified as Level 2. Life insurance company general accounts Life insurance company general accounts are the financial assets which guarantee an expected rate of return and principal and they are all classified as Level 2. Others Others include loans to employees and leasing receivables, which are classified as Level 3. Level 3 reconciliation is not disclosed, since the amounts in Level 3 are immaterial. NTT Group’s policy with respect to asset management planning is formulated with the ultimate objective of ensuring the steady disbursement of benefits in future periods. Therefore, the long-term objective of asset management is to secure the total profits deemed necessary to ensure pension financing. To achieve this, NTT Group selects various investments and takes into consideration their expected returns and risks and the correlation among them. NTT Group then sets the target allocation ratio for plan assets and endeavors to maintain that ratio. The target allocations are formulated from a mid- to long-term perspective and are reviewed annually. In the event that there is a significant change in the investment environment, NTT Group also reviews the asset allocations as necessary. The weighted-average target allocations in March 2015 are: domestic bonds, 42.8%; domestic stocks, 20.8%; foreign bonds, 10.0%; foreign stocks, 14.4%; and life insurance company general accounts, 12.0%. Domestic stocks include NTT Group’s and its affiliates’ common stock with an aggregate fair value of ¥4,278 million (0.4% of total plan assets) and ¥4,453 million (0.4% of total plan assets) at March 31, 2014 and 2015, respectively. NTT Group expects to contribute ¥16,756 million to the NTT CDBP in the fiscal year ending March 31, 2016. The estimated future benefit payments of the NTT CDBP are as follows: Year ending March 31 Millions of yen 2016 36,241 2017 38,587 2018 40,877 2019 42,277 2020 42,881 2021-2025 232,980 Total ¥ 433,843 (c) The Special Accounting Fund for the NTT CDBP (former Special Accounting Fund for the NTT Plan) The Special Accounting Fund for the NTT Plan (former NTT Mutual Aid Plan) was a transitional pension plan created to settle the former NTT Mutual Aid Plan in accordance with the Law to Partially Amend the Japanese Welfare Pension Insurance Law and other legislation. The NTT Mutual Aid Plan was integrated with the National Plan in April 1997, and the Special Accounting Fund for the NTT Plan aims to provide pension benefits for employees who retired before the 1997 shift in the scheme based on the Former Public Corporation Employee Mutual Aid Association Law. In July 2007, the Special Accounting Fund for the NTT Plan was converted to the Special Accounting Fund for the NTT CDBP as the NTT Plan was converted to the NTT CDBP. Based on the provisions of the Law to Partially Amend the Japanese Welfare Pension Insurance Law and other legislation, NTT pays contributions set by the Japanese Government every year to the Special Accounting Fund for the NTT CDBP to cover the costs of pension benefits based on the Former Public Corporation Employee Mutual Aid Association Law to cover benefits for the period of service in and prior to June 1956 of employees who retired in July 1956 or later from NTT, Public Corporation, and/or their predecessor government organizations (Ministry of Communications in the area of telecommunications and the Ministry of Telecommunications). The Special Accounting Fund for the NTT CDBP is a social welfare pension scheme, as are the former NTT Mutual Aid Plan and the current National Plan. It is considered a multi-employer plan and therefore contributions are recognized as expenses when contributions are required. The amounts of contributions were ¥47,113 million, ¥43,520 million and ¥40,028 million for the fiscal years ended March 31, 2013, 2014 and 2015, respectively, and NTT expects such contributions will decrease year by year. In addition, the Special Accounting Fund for the NTT CDBP is a social welfare pension scheme, and because the information required by its accounting standards is limited, additional quantitative information relating to participation in the multi-employer plan is not disclosed. |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2015 | |
Income taxes | 12. Income taxes: Total income taxes recognized for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: 2013 2014 2015 Millions of yen Income from continuing operations ¥ 473,954 ¥ 486,546 ¥ 397,349 Other comprehensive income (loss) (Note 14) 51,350 98,130 50,100 Additional paid-in capital (Note 14) — — (34,823 ) Total income taxes ¥ 525,304 ¥ 584,676 ¥ 412,626 Substantially all of NTT Group’s income before income taxes and equity in earnings (losses) of affiliated companies for all periods presented and the related income tax expenses (benefits) are related to domestic operations. During the fiscal years ended March 31, 2013, and 2014, NTT and its domestic subsidiaries were subject to a National Corporate Tax of 28.05%, a Corporate Inhabitant Tax of approximately 5% and a deductible Corporate Enterprise Tax of approximately 8%, which in the aggregate resulted in a combined statutory income tax rate of approximately 38%. During the fiscal year ended March 31, 2015, NTT and its domestic subsidiaries were subject to a National Corporate Tax of 25.5%, a Corporate Inhabitant Tax of approximately 5% and a deductible Corporate Enterprise Tax of approximately 8%, which in the aggregate resulted in a combined statutory income tax rate of approximately 36%. The rate of the Corporate Inhabitant Tax and Corporate Enterprise Tax differs depending on the municipalities. The “Act on the Partial Revision of the Income Tax Act” and other laws were enacted on March 20, 2014, changing, among other things, the tax rates for fiscal years beginning on or after April 1, 2014. Due to this change, the statutory tax rate applied to the calculation of the amount of deferred tax assets and liabilities in relation to the temporary differences anticipated to be resolved in the fiscal year ended March 31, 2015 was lowered from approximately 38% to approximately 36%. As a result, net deferred tax assets decreased by ¥12,583 million, whose effect is included in “Income tax expenses (benefit): Deferred” in the consolidated statements of income. Net income attributable to NTT decreased ¥9,595 million. The “Act on the Partial Revision of the Income Tax Act” and other laws were enacted on March 31, 2015, changing, among other things, the tax rates for fiscal years beginning on or after April 1, 2015. Due to this change, the statutory tax rate applied to the calculation of the amount of deferred tax assets and liabilities in relation to the temporary differences anticipated to be resolved in the fiscal year ending March 31, 2016 and the fiscal years ending March 31, 2017 and thereafter were lowered from approximately 36% to approximately 33% and 32%, respectively. As a result, net deferred tax assets decreased by ¥54,357 million, whose effect is included in “Income tax expenses (benefit): Deferred” in the consolidated statements of income. Net income attributable to NTT decreased ¥47,841 million. NTT files a consolidated tax return with its wholly owned subsidiaries for National Corporate Tax purposes. The realizable amounts of deferred tax assets related to National Corporate Tax are assessed on the basis of the projected future taxable income of NTT and its wholly owned subsidiaries. As of March 31, 2015, NTT had 78 wholly owned subsidiaries in Japan, including NTT East, NTT West and NTT Communications. Reconciliations of the difference between the actual effective income tax rate of NTT Group and the statutory tax rate are as follows: Percent of income before income taxes and equity in 2013 2014 2015 Statutory tax rate 37.98 % 37.98 % 35.60 % Expenses not deductible for tax purposes 1.04 0.15 0.25 Tax credits (1.62 ) (1.40 ) (4.54 ) Net change in valuation allowance 0.95 (0.36 ) 1.26 Effect of changes in the enacted tax rates 0.77 1.45 5.19 Equity in earnings (losses) of affiliated companies (0.63 ) (1.57 ) 0.11 Other 1.08 1.34 (0.62 ) Effective tax rate 39.57 % 37.59 % 37.25 % Significant components of deferred tax assets and liabilities at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Deferred tax assets: Liability for employees’ retirement benefits ¥ 474,772 ¥ 458,453 Accrued enterprise tax 18,241 12,954 Property, plant and equipment and intangible assets 381,764 349,013 Compensated absences 87,973 82,257 Accrued bonus 37,494 34,933 Unamortized purchases of leased assets 7,644 6,708 Operating loss carryforwards 197,012 201,211 Accrued liabilities for loyalty programs 61,818 45,477 Deferred revenues regarding Nikagetsu Kurikoshi 13,000 10,723 Investments in affiliates 106,989 102,848 Other 165,939 186,501 Total gross deferred tax assets 1,552,646 1,491,078 Less—Valuation allowance (259,921 ) (265,950 ) Total deferred tax assets 1,292,725 1,225,128 Deferred tax liabilities: Unrealized gains on securities (34,431 ) (64,773 ) Investment in subsidiary, principally arising upon issuance of stock (300,554 ) (226,474 ) Property, plant and equipment and intangible assets (216,869 ) (202,264 ) Investments in affiliates (58,331 ) (59,687 ) Other (39,145 ) (64,483 ) Total gross deferred tax liabilities (649,330 ) (617,681 ) Net deferred tax assets ¥ 643,395 ¥ 607,447 The valuation allowance at March 31, 2014 and 2015 mainly related to deferred tax assets of NTT and certain subsidiaries with operating loss carryforwards for tax purposes that are not expected to be realized. The net change in the total valuation allowance for the year ended March 31, 2013 was an increase of ¥11,535 million, for the year ended March 31, 2014 was an increase of ¥6,228 million, and for the year ended March 31, 2015 was an increase of ¥6,029 million. The change in estimates of the subsequent realization of deferred tax assets for the year ended March 31, 2013 was ¥6,534 million decrease as a result of changes in estimates of the realizability of deferred tax assets. The change in the valuation allowance for the year ended March 31, 2014 included the impact of a ¥17,937 million decrease mainly as a result of a change in the estimate of the realizability of NTT America’s deferred tax assets in connection with its acquisitions. The change in the valuation allowance for the fiscal year ended March 31, 2015 included the impact of a ¥13,362 million decrease as a result of changes in estimates of the realizability of deferred tax assets. Realization of the deferred tax assets depends upon the generation of future taxable income during the periods in which those temporary differences become deductible and loss carryforwards are utilizable. Management considers the projected future taxable income, tax-planning strategies and scheduled reversal of deferred tax liabilities in making this assessment. Realization of the deferred tax assets is substantially dependent upon continued profitability and NTT anticipates that it will continue to generate substantial income. Although realization is not assured, management believes it is more likely than not that all of the deferred tax assets, less valuation allowance, will be realized. The amount of such net assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carryforward period are reduced. Net deferred tax assets at March 31, 2014 and 2015 are included in the consolidated balance sheets as follows: 2014 2015 Millions of yen Deferred income taxes (current assets) ¥ 220,662 ¥ 219,333 Deferred income taxes (investments and other assets) 661,500 589,937 Other current liabilities (5,616 ) (4,970 ) Deferred income taxes (long-term liabilities) (233,151 ) (196,853 ) Total ¥ 643,395 ¥ 607,447 At March 31, 2015, NTT and certain subsidiaries had operating loss carryforwards for tax purposes of ¥677,456 million, which may be used as a deduction in determining taxable income in future periods. The period available to offset future taxable income varies in each tax jurisdiction as follows: Year ending March 31, 2015 Millions of yen Within 5 years ¥ 101,082 6 to 20 years 456,556 Indefinite periods 119,818 Total ¥ 677,456 At March 31, 2014 and 2015, the amount of unrecognized deferred tax liabilities for a portion of the undistributed earnings of NTT’s foreign subsidiaries was immaterial. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2014 Millions of yen Balance at March 31, 2013 ¥ 4,356 Increase in tax position of current year 1,036 Decrease in tax position of prior year (814 ) Reductions as a result of a lapse of the applicable statute of limitations (7 ) Foreign currency translation adjustments 812 Balance at March 31, 2014 ¥ 5,383 2015 Millions of yen Balance at March 31, 2014 ¥ 5,383 Increase in tax position of current year 402 Decrease in tax position of prior year (1,010 ) Reductions as a result of a lapse of the applicable statute of limitations — Foreign currency translation adjustments 979 Balance at March 31, 2015 ¥ 5,754 The unrecognized tax benefit which would favorably affect the effective income tax rate in future periods was ¥5,383 million and ¥5,754 million at March 31, 2014 and 2015, respectively. NTT does not expect any material changes in its accrued liabilities for unrecognized tax benefits in the next 12 months. NTT Group has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense (benefit) in the consolidated statements of income. The total amounts of interest and penalties related to unrecognized tax benefits for the fiscal years ended March 31, 2013, 2014 and 2015 were immaterial. As of March 31, 2015, tax inquiries for NTT and its principal subsidiaries for fiscal years ended March 31, 2013 and prior have been completed by the tax authorities. |
Consumption tax
Consumption tax | 12 Months Ended |
Mar. 31, 2015 | |
Consumption tax | 13. Consumption tax: Consumption tax payable or receivable is determined based on consumption taxes levied on operating revenues offset by consumption taxes directly incurred by the company when purchasing goods and services. Items in the consolidated statements of income are presented on a net basis of consumption tax. |
Equity
Equity | 12 Months Ended |
Mar. 31, 2015 | |
Equity | 14. Equity: Change in NTT’s shares of common stock and treasury stock for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Change in shares Issued shares Treasury stock Balance at March 31, 2012 1,323,197,235 99,431,812 Acquisition of treasury stock under resolution of the board of directors — 38,382,300 Acquisition of treasury stock through purchase of less-than-one-unit shares — 17,631 Resale of treasury stock to holders of less-than-one-unit shares — (9,140 ) Balance at March 31, 2013 1,323,197,235 137,822,603 Acquisition of treasury stock under resolution of the board of directors — 75,294,000 Acquisition of treasury stock through purchase of less-than-one-unit shares — 37,134 Resale of treasury stock to holders of less-than-one-unit shares — (2,930 ) Cancellation of treasury stock under resolution of the board of directors (186,500,000 ) (186,500,000 ) Balance at March 31, 2014 1,136,697,235 26,650,807 Acquisition of treasury stock under resolution of the board of directors — 51,413,227 Acquisition of treasury stock through purchase of less-than-one-unit shares — 35,570 Resale of treasury stock to holders of less-than-one-unit shares — (1,998 ) Balance at March 31, 2015 1,136,697,235 78,097,606 According to the NTT Act, NTT must obtain authorization from the Minister of Internal Affairs and Communications for certain financial matters including (1) certain new share issuance, including shares issuable upon the exercise of stock acquisition rights; (2) any resolution for (i) a change in the Articles of Incorporation, (ii) an appropriation of profits or (iii) any merger or dissolution; and (3) any disposition of major telecommunications trunk lines and equipment or providing mortgages on such properties. On November 24, 1995, based upon the resolution of the board of directors’ meeting held on April 28, 1995, NTT capitalized the aggregate amount of ¥15,600 million of its additional paid-in capital to the common stock account and made a free share distribution of 312,000 shares to shareholders of record at September 30, 1995, representing 2% of outstanding shares. Under generally accepted accounting principles in Japan, no accounting entry is required for such a free share distribution. Had the distribution been accounted for entities in the United States, ¥234,624 million would have been transferred from retained earnings to the applicable capital account. Effective May 1, 2006, the Japanese Companies Act provides that (i) dividends of earnings require approval at a general meeting of shareholders, (ii) interim cash dividends can be distributed upon the approval of the board of directors, if the Articles of Incorporation provide for such interim cash dividends, and (iii) an amount equal to at least 10% of the decrease in retained earnings resulting from a dividend payment be appropriated from retained earnings to a legal reserve until such reserve is equal to 25% of capital stock. The legal reserve is available for distribution upon approval at a shareholders’ meeting. The Japanese Companies Act provides that corporations are able to repurchase their own shares in market transactions by resolution of the board of directors so long as their articles of incorporation so prescribe. On September 19, 2012, the board of directors resolved that NTT may acquire up to 42 million outstanding shares of its common stock at an amount in total not exceeding ¥150 billion from during the period from September 20, 2012 through March 29, 2013. Based on this resolution, NTT repurchased 38,382,300 shares of its common stock for a total purchase price of ¥149,999 million between September 2012 and February 2013. On May 10, 2013, the board of directors of NTT resolved that NTT may acquire up to 50 million shares of its outstanding common stock for an amount in total not exceeding ¥250 billion from May 13, 2013 through March 31, 2014. Based on this resolution, NTT repurchased 48,737,200 shares of its common stock for a total purchase price of ¥250,000 million between May 2013 and October 2013, and concluded the repurchase of its common stock authorized by board of directors’ resolution. On November 8, 2013, the board of directors of NTT resolved that NTT will cancel 186,500,000 shares held as treasury stock on November 15, 2013, and as a result of such cancellation conducted on November 15, 2013, retained earnings have decreased by ¥818,206 million. On February 6, 2014, the board of directors of NTT resolved that NTT may acquire up to 38 million shares of its outstanding common stock at an amount in total not exceeding ¥200 billion from February 7, 2014 through March 31, 2014. Based on this resolution, NTT repurchased 26,556,800 shares of its common stock at ¥156,499 million on March 7, 2014 using the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (“ToSTNeT-3”). On May 13, 2014, the board of directors of NTT resolved that NTT would repurchase shares held by untraceable shareholders, as previously announced on September 18, 2013, as treasury stock. Based on this resolution, NTT purchased 413,227 shares of its common stock for ¥2,429 million on May 14, 2014. On November 7, 2014, the board of directors of NTT resolved that NTT may acquire up to 51 million shares of its outstanding common stock at an amount in total not exceeding ¥350 billion from November 10, 2014 through June 30, 2015. Based on this resolution, NTT repurchased 51 million shares of its common stock for a total purchase price of ¥338,117 million between November 2014 and March 2015, and concluded the repurchase of its common stock authorized by board of directors’ resolution. The amount of statutory retained earnings of NTT available for the payments of dividends to shareholders as of March 31, 2015 was ¥599,366 million. In accordance with customary practice in Japan, appropriations of retained earnings are not accrued in the financial statements for the period to which they relate but are recorded in the subsequent accounting period after shareholders’ approval has been obtained. Retained earnings in the accompanying consolidated financial statements at March 31, 2015 include amounts representing final cash dividends of ¥95,273 million, or ¥90 per share, which were approved at the shareholders’ meeting held on June 26, 2015. On May 15, 2015, the board of directors resolved that NTT will implement a two-for-one stock split as follows: the record date for the stock split will be June 30, 2015, and each share of common stock held by shareholders as of the record date will be split into two, with an effective date of July 1. Per share information for the previous fiscal year and the current fiscal year, assuming the stock split had been carried out at the beginning of the previous fiscal year, is as follows: 2013 2014 2015 yen Weighted average number of shares outstanding (excluding treasury stock) 2,423,761,538 2,299,516,428 2,187,360,018 Net income per share attributable to NTT ¥215.34 ¥254.61 ¥236.85 Cash dividends to be paid to shareholders of record date ¥80.00 ¥85.00 ¥90.00 2014 2015 yen Number of shares outstanding (excluding treasury stock) 2,220,092,856 2,117,199,258 Shareholders’ Equity per Share ¥3,833.78 ¥4,100.63 Accumulated other comprehensive income (loss)— An analysis of the changes for the fiscal years ended March 31, 2014 and 2015 in accumulated other comprehensive income (loss) is shown below: Unrealized Unrealized Foreign Pension Total Millions of yen Balance at March 31, 2013 ¥ 71,976 ¥ (2,560 ) ¥ (5,683 ) ¥ (256,665 ) ¥ (192,932 ) Other comprehensive income before reclassification 16,292 (3,595 ) 150,461 162,168 325,326 Amounts reclassified from accumulated other comprehensive income (235 ) (1,300 ) 6,010 1,073 5,548 Other comprehensive income 16,057 (4,895 ) 156,471 163,241 330,874 Less—Comprehensive income attributable to noncontrolling interests 3,322 (1,473 ) 29,949 11,178 42,976 Balance at March 31, 2014 ¥ 84,711 ¥ (5,982 ) ¥ 120,839 ¥ (104,602 ) ¥ 94,966 Unrealized Unrealized Foreign Pension Total Millions of yen Balance at March 31, 2014 ¥ 84,711 ¥ (5,982 ) ¥ 120,839 ¥ (104,602 ) ¥ 94,966 Other comprehensive income before reclassification 76,141 4,491 133,316 16,151 230,099 Amounts reclassified from accumulated other comprehensive income 167 (1,588 ) (3,453 ) 219 (4,655 ) Other comprehensive income 76,308 2,903 129,863 16,370 225,444 Less—Comprehensive income attributable to noncontrolling interests 26,907 1,730 26,270 (2,729 ) 52,178 Balance at March 31, 2015 ¥ 134,112 ¥ (4,809 ) ¥ 224,432 ¥ (85,503 ) ¥ 268,232 The following table provides the change in accumulated other comprehensive income (loss) for the fiscal years ended March 31, 2013, 2014 and 2015: 2013 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 62,959 ¥ (20,920 ) ¥ 42,039 Less—Reclassification adjustment for realized (gain) loss included in net income 8,939 (3,469 ) 5,470 Net change in unrealized gain (loss) on securities 71,898 (24,389 ) 47,509 Unrealized gain (loss) on derivative instruments arising during the period ¥ (2,371 ) ¥ (790 ) ¥ (3,161 ) Less—Reclassification adjustment for realized (gain) loss included in net income (2,457 ) 882 (1,575 ) Net change in unrealized gain (loss) on derivative instruments (4,828 ) 92 (4,736 ) Foreign currency translation adjustments arising during the period ¥ 126,695 ¥ (14,450 ) ¥ 112,245 Less—Reclassification adjustment for realized (gain) loss included in net income 223 (80 ) 143 Net change in foreign currency translation adjustments 126,918 (14,530 ) 112,388 Pension liability adjustments arising during period ¥ 24,914 ¥ (5,852 ) ¥ 19,062 Prior service cost arising during period (178 ) 63 (115 ) Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 32,943 (10,305 ) 22,638 Amortization of transition obligation 169 (61 ) 108 Amortization of prior service cost (8,470 ) 2,877 (5,593 ) Reclassification of prior service cost due to curtailment — — — Other (665 ) 211 (454 ) Net change in pension liability adjustments 48,713 (13,067 ) 35,646 2014 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 26,518 ¥ (10,226 ) ¥ 16,292 Less—Reclassification adjustment for realized (gain) loss included in net income (426 ) 191 (235 ) Net change in unrealized gain (loss) on securities 26,092 (10,035 ) 16,057 Unrealized gain (loss) on derivative instruments arising during the period ¥ (3,988 ) ¥ 393 ¥ (3,595 ) Less—Reclassification adjustment for realized (gain) loss included in net income (2,018 ) 718 (1,300 ) Net change in unrealized gain (loss) on derivative instruments (6,006 ) 1,111 (4,895 ) Foreign currency translation adjustments arising during the period ¥ 156,586 ¥ (6,125 ) ¥ 150,461 Less—Reclassification adjustment for realized (gain) loss included in net income 9,489 (3,479 ) 6,010 Net change in foreign currency translation adjustments 166,075 (9,604 ) 156,471 Pension liability adjustments arising during period ¥ 165,474 ¥ (53,301 ) ¥ 112,173 Prior service cost arising during period 76,050 (26,409 ) 49,641 Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 23,015 (7,450 ) 15,565 Amortization of transition obligation 169 (61 ) 108 Amortization of prior service cost (9,527 ) 3,290 (6,237 ) Reclassification of prior service cost due to curtailment (12,894 ) 4,531 (8,363 ) Other 556 (202 ) 354 Net change in pension liability adjustments 242,843 (79,602 ) 163,241 2015 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 115,793 ¥ (39,652 ) ¥ 76,141 Less—Reclassification adjustment for realized (gain) loss included in net income 260 (93 ) 167 Net change in unrealized gain (loss) on securities 116,053 (39,745 ) 76,308 Unrealized gain (loss) on derivative instruments arising during the period ¥ 5,103 ¥ (612 ) ¥ 4,491 Less—Reclassification adjustment for realized (gain) loss included in net income (2,460 ) 872 (1,588 ) Net change in unrealized gain (loss) on derivative instruments 2,643 260 2,903 Foreign currency translation adjustments arising during the period ¥ 140,542 ¥ (7,226 ) ¥ 133,316 Less—Reclassification adjustment for realized gain included in net income (3,453 ) — (3,453 ) Net change in foreign currency translation adjustments 137,089 (7,226 ) 129,863 Pension liability adjustments arising during period ¥ 11,460 ¥ (1,452 ) ¥ 10,008 Prior service cost arising during period — — — Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 9,446 (2,994 ) 6,452 Amortization of transition obligation 156 (54 ) 102 Amortization of prior service cost (8,971 ) 2,636 (6,335 ) Reclassification of prior service cost due to curtailment — — — Other 7,668 (1,525 ) 6,143 Net change in pension liability adjustments 19,759 (3,389 ) 16,370 Reclassifications out of accumulated other comprehensive income (loss) for the fiscal year ended March 31, 2014 and 2015 was as follows: Amounts reclassified from Affected line items in consolidated statements of 2014 2015 Millions of yen Unrealized gain (loss) on securities ¥ 426 ¥ (62 ) Other, net (191 ) 93 Income tax expense (benefit) — (198 ) Equity in earnings (losses) of affiliated companies ¥ 235 ¥ (167 ) Net income Unrealized gain (loss) on derivative instruments ¥ 2,110 ¥ 2,494 Other, net (718 ) (872 ) Income tax expense (benefit) (92 ) (34 ) Equity in earnings (losses) of affiliated companies ¥ 1,300 ¥ 1,588 Net income Foreign currency translation adjustments ¥ (7 ) ¥ 3,453 Other, net 3,479 — Income tax expense (benefit) (9,482 ) — Equity in earnings (losses) of affiliated companies ¥ (6,010 ) ¥ 3,453 Net income Pension liability adjustments ¥ (763 ) ¥ (631 ) * (310 ) 412 Income tax expense (benefit) ¥ (1,073 ) ¥ (219 ) Net income Total ¥ (5,548 ) ¥ 4,655 Net income * Amounts reclassified from pension liability adjustments are included in the computation of net periodic pension cost. Equity transactions with noncontrolling interests— The changes for the fiscal year ended March 31, 2013, 2014 and 2015 in Net income attributable to NTT and Increase in Additional paid in capital as a result of Equity transactions with noncontrolling interests are shown below: 2013 2014 2015 Millions of yen Net income attributable to NTT ¥ 521,932 ¥ 585,473 ¥ 518,066 Transfers (to) from the noncontrolling interests: Increase in additional paid-in capital attributable to tax effect by NTT DOCOMO’s share repurchase of its common stock (Note 12) — — 34,823 Decrease in additional paid-in capital attributable to change in NTT’s ownership interest by NTT DOCOMO’s share repurchase of its common stock — — (14,802 ) Other (4,553 ) (1,069 ) (2,600 ) Total (4,553 ) (1,069 ) 17,421 Change from net income attributable to NTT’s shareholders and transfers from the noncontrolling interests ¥ 517,379 ¥ 584,404 ¥ 535,487 On August 6, 2014, the board of directors of NTT DOCOMO resolved that NTT DOCOMO may repurchase up to 206,489,675 shares of its outstanding common stock for an amount in total not exceeding ¥350,000 million between August 7, 2014 and September 3, 2014. Based on this resolution, NTT DOCOMO repurchased a total of 181,530,121 of its shares for an aggregate amount of ¥307,694 million, 176,991,100 shares of which NTT Group sold back to NTT DOCOMO. Due to NTT DOCOMO’s repurchase transactions, NTT’s ownership interest in NTT DOCOMO decreased from 66.7% to 65.3%. As a result, “Additional paid-in capital” increased by ¥17,520 million in the consolidated balance sheet as of March 31, 2015. On October 31, 2014, the board of directors of NTT DOCOMO resolved that NTT DOCOMO may repurchase up to 138,469,879 shares of its outstanding common stock for an amount in total not exceeding ¥192,306 million between November 1, 2014 and March 31, 2015. Based on this resolution, between November 2014 and March 2015, NTT DOCOMO repurchased a total of 83,746,000 shares of its common stock for an aggregate amount of ¥165,342 million. As a result, NTT’s ownership interest in NTT DOCOMO increased from 65.3% to 66.7% and “Additional paid-in capital” increased by ¥2,501 million in the consolidated balance sheet as of March 31, 2015. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Mar. 31, 2015 | |
Fair Value Measurements | 15. Fair Value Measurements: The inputs to valuation techniques used to measure fair value are required to be categorized by fair value hierarchy. The fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1—Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2—Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3—Inputs are unobservable inputs for the asset or liability. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and 2015 are as follows: 2014 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level3 ( 3) Millions of yen Assets Available-for-sale securities: Domestic equity securities ¥ 126,422 ¥ 126,419 ¥ 3 ¥ — Foreign equity securities 136,171 136,171 — — Domestic debt securities 27,745 212 24,821 2,712 Foreign debt securities 29,244 10 29,234 — Derivatives: Forward exchange contracts 1,048 — 1,048 — Interest rate swap agreements 664 — 664 — Currency swap agreements 34,805 — 34,805 — Currency option agreements 290 — 290 — Liabilities Derivatives: Forward exchange contracts 522 — 522 — Interest rate swap agreements 2,043 — 2,043 — Currency swap agreements 571 — 571 — Currency option agreements ¥ 85 ¥ — ¥ 85 ¥ — There were no transfers between Level 1 and Level 2. Level 3 reconciliation is not disclosed, since the amounts in Level 3 are immaterial. 2015 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Millions of yen Assets Available-for-sale securities: Domestic equity securities ¥ 227,001 ¥ 227,001 ¥ — ¥ — Foreign equity securities 158,321 158,321 — — Domestic debt securities 29,204 202 28,716 286 Foreign debt securities 40,413 11 40,402 — Derivatives: Forward exchange contracts 2,537 — 2,537 — Interest rate swap agreements 1 — 1 — Currency swap agreements 76,638 — 76,638 — Currency option agreements 474 — 474 — Forward contracts — — — — Liabilities Derivatives: Forward exchange contracts 753 — 753 — Interest rate swap agreements 3,327 — 3,327 — Currency swap agreements 777 — 777 — Currency option agreements 80 — 80 — Forward contracts ¥ 145 ¥ — ¥ 145 ¥ — (*1) Quoted prices for identical assets or liabilities in active markets (*2) Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data (*3) Unobservable inputs There were no transfers between Level 1 and Level 2. Level 3 reconciliation is not disclosed, since the amounts in Level 3 are immaterial. Available-for-sale securities— Available-for-sale securities comprise marketable equity securities and debt securities, and financial instruments classified as available-for-sale securities. If active market prices are available, fair value is measured by quoted prices for identical assets in active markets, which is classified as Level 1. If active market prices are not available, fair value is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. In cases in which fair value is measured by inputs derived from unobservable data, it is classified as Level 3. Derivatives— Derivatives comprise forward exchange contracts, interest rate swap agreements, currency swap agreements currency option agreements, and forward contracts. Fair value of derivatives is measured by inputs derived principally from observable market data provided by financial institutions, which is classified as Level 2. Assets and liabilities measured at fair value on a nonrecurring basis for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Impairment (before tax) Millions of yen Assets Real estate ¥ 2,888 ¥ — ¥ — ¥ 2,888 ¥ 651 Investments in affiliated companies 44,968 — — 44,968 51,279 Cost method investments 128 — — 128 2,108 Long-lived assets 9,135 — — 9,135 5,738 2015 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Impairment (before tax) Millions of yen Assets Real estate ¥ 7,999 ¥ — ¥ — ¥ 7,999 ¥ 1,187 Cost method investments 116 — — 116 2,016 Goodwill 2,136 — — 2,136 3,464 Long-lived assets 3,518 — 107 3,411 38,739 (*1) Quoted prices for identical assets or liabilities in active markets (*2) Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data (*3) Unobservable inputs Real estate— If a decline in value or an increase in estimated costs of completion of real estate held for resale included in inventories causes inventory cost to be unrecoverable, the real estate is written down to its fair value. In measuring the fair value of such inventories, fair value is measured by using various evaluation models based on inputs that are unobservable in the market, such as a salable price based on a real-estate appraisal, which is classified as Level 3. Real estate in the table above includes that transferred from inventories to property, plant and equipment as a result of a change in use or sold to others after measuring fair value. Investments in affiliated companies The fair value of investments in affiliated companies that are impaired as a result of an other than temporary decline in value are measured at fair value based on the discounted cash flow method using unobservable inputs, which resulted in a classification of such investments as Level 3 investments. The discount rates for the fiscal years ended March 31, 2014 used for the weighted average cost of capital amounted to 12.6%. Cost method investments— If a decline in value of cost method investments is evaluated as other than temporary, the investment is written down to its fair value. In measuring the fair value of such investments, if active market prices of similar assets are available, fair value is measured by quoted prices for similar assets, which is classified as Level 2. If active market prices of similar assets are not available, fair value is measured by using various evaluation models based on inputs that are unobservable in the market such as discounted cash flow projection, which is classified as Level 3. Goodwill— The fair value of the reporting units is determined by using various evaluation models based on inputs that are unobservable in the market such as discounted cash flow projections, which are classified as Level 3. For the fiscal year ended March 31, 2013, the weighted average cost of capital and the permanent growth rate amounted to 11.0% and 3.0%, respectively. For segment information related to goodwill impairments, see note 9. Long-lived assets— If the carrying amount of a long-lived asset is evaluated to be unrecoverable, the long-lived asset is written down to its fair value. In measuring fair value of such long-lived assets for the fiscal year ended March 31, 2014, fair value is measured by using various evaluation models based on inputs that are unobservable in the market such as discounted cash flow projection, which is classified as Level 3. The discount rate for the fiscal years ended March 31, 2014 used for the weighted average cost of capital amounted to mainly 5.0%. In measuring fair value of such long-lived assets for the fiscal year ended March 31, 2015, fair value is mainly measured by using observable market prices of similar assets, which is classified as level 2. |
Segment and geographic informat
Segment and geographic information | 12 Months Ended |
Mar. 31, 2015 | |
Segment and geographic information | 16. Segment and geographic information: Operating segments are components of the NTT Group 1) that engage in business activities, 2) whose operating results are regularly reviewed by NTT Group’s chief operating decision maker to make decisions on the allocation of financial resources and to evaluate business performance, and 3) for which discrete financial information is available. Accounting policies used to determine segment profit/loss and segment assets are consistent with those used to prepare the consolidated financial statements in accordance with accounting principles generally accepted in the United States. The regional communications business segment principally comprises revenues from fixed voice related services, IP/packet communications services, sales of telecommunications equipment, and other operating revenues. The long distance and international communications business segment principally comprises revenues from fixed voice related services, IP/packet communications services, system integration services and other operating revenues. The mobile communications business segment principally comprises revenues from mobile voice related services, IP/packet communications services and sales of telecommunications equipment. The data communications business segment principally comprises revenues from system integration services. The other segment principally comprises operating revenues from such activities as building maintenance, real estate rental, systems development, leasing, and research and development. Operating revenue: Year Ended March 31 2013 2014 2015 Millions of yen Operating revenue: Regional communications business— External customers ¥ 3,204,258 ¥ 3,129,362 ¥ 3,032,292 Intersegment 455,562 442,948 473,227 Total 3,659,820 3,572,310 3,505,519 Long distance and international communications business— External customers 1,554,706 1,713,439 1,906,784 Intersegment 103,241 96,463 91,857 Total 1,657,947 1,809,902 1,998,641 Mobile communications business— External customers 4,431,032 4,422,614 4,340,317 Intersegment 39,090 38,589 43,080 Total 4,470,122 4,461,203 4,383,397 Data communications business— External customers 1,154,143 1,221,481 1,401,348 Intersegment 149,373 122,374 109,671 Total 1,303,516 1,343,855 1,511,019 Other— External customers 356,601 438,278 414,576 Intersegment 895,261 890,248 857,664 Total 1,251,862 1,328,526 1,272,240 Elimination (1,642,527 ) (1,590,622 ) (1,575,499 ) Consolidated total ¥ 10,700,740 ¥ 10,925,174 ¥ 11,095,317 Segment profit: Year Ended March 31 2013 2014 2015 Millions of yen Segment profit: Regional communications business ¥ 92,965 ¥ 127,240 ¥ 168,860 Long distance and international communications business 121,293 127,476 113,568 Mobile communications business 836,446 817,230 635,751 Data communications business 85,818 67,916 86,361 Other 53,257 56,098 67,481 Total segment profit 1,189,779 1,195,960 1,072,021 Elimination 12,189 17,693 12,545 Consolidated operating income 1,201,968 1,213,653 1,084,566 Other income 92,995 172,082 49,408 Other expenses 97,316 91,540 67,345 Consolidated income before income taxes and equity in earnings (losses) of affiliated companies ¥ 1,197,647 ¥ 1,294,195 ¥ 1,066,629 Equity in earnings (losses) of affiliated companies: Regional communications business ¥ 213 ¥ 203 ¥ (59 ) Long distance and international communications business 622 1,895 916 Mobile communications business (35,885 ) (78,311 ) (14,798 ) Data communications business 106 228 87 Other 18,851 25,193 19,743 Consolidated total ¥ (16,093 ) ¥ (50,792 ) ¥ 5,889 Segment assets: As of March 31 2013 2014 2015 Millions of yen Segment Assets: Regional communications business ¥ 7,337,100 ¥ 7,162,076 ¥ 7,041,285 Long distance and international communications business 1,871,626 2,314,780 2,609,666 Mobile communications business 7,336,070 7,676,820 7,326,360 Data communications business 1,597,446 1,774,562 1,930,349 Other 10,422,450 10,664,076 10,589,357 Total segment assets 28,564,692 29,592,314 29,497,017 Elimination (9,015,625 ) (9,307,365 ) (8,794,590 ) Consolidated total ¥ 19,549,067 ¥ 20,284,949 ¥ 20,702,427 (Note) Elimination includes offsetting the carrying amount of the parent’s investment in each subsidiary and the parent’s portion of equity of each subsidiary. Goodwill resulting from an acquisition is included in segment assets of the respective business in which the acquired business has been included. See note 9. Other significant items: Year Ended March 31 2013 2014 2015 Millions of yen Depreciation and amortization: Regional communications business ¥ 794,246 ¥ 751,906 ¥ 734,518 Long distance and international communications business 142,309 149,734 162,610 Mobile communications business 701,658 719,132 663,344 Data communications business 137,961 135,358 148,927 Other 117,451 118,415 113,814 Total segment 1,893,625 1,874,545 1,823,213 Elimination 5,620 5,748 4,785 Consolidated total ¥ 1,899,245 ¥ 1,880,293 ¥ 1,827,998 Capital investments for segment assets: Regional communications business ¥ 786,004 ¥ 722,829 ¥ 666,164 Long distance and international communications business 147,503 168,413 198,112 Mobile communications business 753,660 703,124 661,765 Data communications business 122,113 147,725 140,900 Other 160,695 150,672 150,582 Consolidated total ¥ 1,969,975 ¥ 1,892,763 ¥ 1,817,523 Point program expenses: Regional communications business ¥ 5,801 ¥ 7,713 ¥ 8,803 Long distance and international communications business 1,321 484 1,335 Mobile communications business 74,651 70,837 67,705 Consolidated total ¥ 81,773 ¥ 79,034 ¥ 77,843 Goodwill impairment losses: Long distance and international communications business 23,042 — 3,464 Mobile communications business 7,281 — — Data communications business — — — Consolidated total ¥ 30,323 ¥ — ¥ 3,464 Impairment of long-lived assets: Regional communications business 347 36 1,640 Long distance and international communications business 648 279 1,732 Mobile communications business 1,851 — 30,161 Data communications business 1,719 3,526 2,358 Other 851 1,897 2,848 Consolidated total ¥ 5,416 ¥ 5,738 ¥ 38,739 The capital investments in the above table represent the additions to fixed assets of each segment. As indicated in “Use of estimates” in note 2, effective April 1, 2013, NTT Group has revised its estimate of the expected useful life of metal cables based on actual utilization to reflect an extended expected useful life. As a result, compared with the method used prior to April 1, 2013, operating income for the regional communications business segment for the fiscal year ended March 31, 2014 increased by ¥23,264 million. Furthermore, as indicated in “Use of estimates” in note 2, effective July 1, 2014, NTT Group has revised its estimate of the expected useful life of a part of software for telecommunications network and internal-use software based on actual utilization of the software to reflect an extended expected useful life of up to 7 years. As a result, compared with the method used prior to July 1, 2014, operating income for the mobile communications business segment for the fiscal year ended March 31, 2015 increased by ¥51,307 million. As indicated in note 6, impairment of long-lived assets on Mobile communications business was the impairment for long-lived assets of the multimedia broadcasting business for mobile devices. Transfers between operating segments are made at arm’s-length prices. Operating income is operating revenue less costs and operating expenses. Geographic information: Year Ended March 31 2013 2014 2015 Millions of yen Operating revenue: Domestic ¥ 9,746,669 ¥ 9,729,179 ¥ 9,509,891 Foreign 954,071 1,195,995 1,585,426 Consolidated total ¥ 10,700,740 ¥ 10,925,174 ¥ 11,095,317 Operating Revenues are classified based on the geographic location of the service and products provided. NTT Group has not disclosed foreign long-term assets, as such amounts were immaterial. There were no operating revenue from transactions with a single external customer amounting to 10% or more of NTT Group’s revenues for the fiscal years ended March 31, 2013, 2014 and 2015. |
Leases
Leases | 12 Months Ended |
Mar. 31, 2015 | |
Leases | 17. Leases: NTT Group leases certain office space, employees’ residential facilities and other assets, recorded as either capital leases or operating leases. Capital Lease—Lessee— Assets acquired under capital leases at March 31, 2014 and 2015 are as follows: Class of property 2014 2015 Millions of yen Buildings ¥ 10,291 ¥ 18,757 Machinery, vehicles and tools 88,282 86,695 Accumulated depreciation (55,791 ) (59,554 ) Total ¥ 42,782 ¥ 45,898 Future minimum lease payments by year under capital leases together with the present value of the net minimum lease payments at March 31, 2015 are as follows: Year ending March 31 Millions of yen 2016 ¥ 21,900 2017 16,968 2018 11,480 2019 6,579 2020 3,601 Thereafter 8,653 Total minimum lease payments 69,181 Less—Amount representing interest 14,195 Present value of net minimum lease payments 54,986 Less—Current obligation 20,604 Long-term capital lease obligations ¥ 34,382 Operating Lease—Lessee— Rental expenses under operating leases for land, buildings and equipment for the fiscal years ended March 31, 2013, 2014 and 2015 were ¥227,024 million, ¥246,211 million and ¥267,544 million, respectively. Minimum future rental payments under operating leases that have initial or remaining non-cancellable lease terms in excess of one year at March 31, 2015 are as follows. Year ending March 31 Millions of yen 2016 ¥ 38,230 2017 28,367 2018 21,203 2019 16,341 2020 10,571 Thereafter 22,410 Total ¥ 137,122 |
Research and development expens
Research and development expenses and advertising costs | 12 Months Ended |
Mar. 31, 2015 | |
Research and development expenses and advertising costs | 18. Research and development expenses and advertising costs: Research and development expenses— Research and development expenses are charged to income as incurred and such amounts charged to income for the fiscal years ended March 31, 2013, 2014 and 2015 were ¥269,192 million, ¥249,295 million and ¥233,752 million, respectively. Advertising costs— Advertising costs are expensed as incurred. Advertising costs were ¥104,209 million, ¥98,858 million and ¥101,266 million, which are included in selling, general and administrative expenses in the consolidated statements of income, for the fiscal years ended March 31, 2013, 2014 and 2015, respectively. |
Foreign currency exchange gain
Foreign currency exchange gain and loss | 12 Months Ended |
Mar. 31, 2015 | |
Foreign currency exchange gain and loss | 19. Foreign currency exchange gain and loss: Foreign currency exchange results (mainly arising from foreign currency borrowings) for the fiscal years ended March 31, 2013, 2014 and 2015 were gains of ¥3,250 million, ¥11,893 million and ¥96 million, respectively, and are included in “Other, net” of “Other income (expenses)” in the consolidated statements of income. |
Financial instruments
Financial instruments | 12 Months Ended |
Mar. 31, 2015 | |
Financial instruments | 20. Financial instruments: Derivative instruments and, hedging activities— In the normal course of business, NTT Group has certain financial instruments including long-term debt and other financial assets and liabilities incurred. Such financial instruments are exposed to market risks such as interest rate changes and foreign currency fluctuations. In applying a consistent risk management strategy for the purpose of reducing such risk, NTT Group uses derivative financial instruments, such as forward exchange contracts, interest rate swap agreements, currency swap agreements currency option agreements and forward contracts. NTT Group does not use derivative financial instruments for trading or speculative purposes. Foreign Currency Exchange Rate Risk Management— NTT Group from time to time enters into forward foreign exchange contracts, currency swap agreements and currency option agreements to hedge the risk of fluctuations in foreign currency exchange rates principally associated with long-term debt issued by NTT Group denominated in foreign currencies. Such contracts and agreements have the same maturity as the underlying debt. Interest Rate Risk Management— NTT Group’s exposure to market risk for changes in interest rates relates principally to its debt obligations. NTT Group has long-term debt primarily with fixed rates. Interest rate swap agreements are entered into from time to time to convert floating rate underlying debt or assets into fixed rate debt or assets, or vice versa. Interest rate option contracts are entered into from time to time to hedge the risk of a rise in the interest rate of underlying debt. These instruments are executed with creditworthy financial institutions. Fair Value Hedges— The derivatives designated as fair value hedges include interest rate swap agreements that are used for reducing the risk arising from the changes in the fair value of fixed rate debt. The notional principal amounts of these derivatives were ¥638 million at March 31, 2014. As discussed in note 10, NTT Group issues a variety of long-term debt bearing several types of interest and denominated in several currencies. NTT Group has a strategy to fix the anticipated cash flow related to those debts. From time to time, however, NTT Group enters into pay-floating/receive-fixed interest rate swaps, to protect the fair value of certain fixed rate debts in asset and liability management. Both the derivatives designated as fair value hedges and hedged items are reflected at fair value in the consolidated balance sheets. Changes in the fair value of the derivatives that are highly effective as, and that are designated and qualified as, fair value hedges, along with changes in the fair value of the hedged items that are attributable to the hedged risk, are recognized as “Other, net” of “Other income (expenses) in the consolidated statements of income. Changes in the fair value of the derivatives designated as fair value hedges and the hedged items recognized in the consolidated statements of income for the fiscal year ended March 31, 2013, 2014 and 2015 are as follows: 2013 Consolidated statements of income item Changes in Changes in Millions of yen Other, net ¥ (0 ) ¥ 0 2014 Consolidated statements of income item Changes in Changes in Millions of yen Other, net ¥ 57 ¥ (57 ) 2015 Consolidated statements of income item Changes in Changes in the hedged items Millions of yen Other, net ¥ (57 ) ¥ 57 The amount of ineffectiveness of these fair value hedges, which were reflected in net income, was not material for all periods presented. In addition, there was no amount excluded from the assessment of hedge effectiveness of fair value hedges. Cash Flow Hedges— The derivatives designated as cash flow hedges include forward exchange contracts, currency swap agreements and interest rate swap agreements. As discussed in note 10, NTT Group has foreign currency exposures related to its long-term debt denominated in currencies other than yen. In accordance with NTT Group’s strategy, NTT Group fixes the anticipated cash flows of paying interest and principal amounts by entering into foreign currency contracts and foreign currency swaps, to ensure its cash flows are fixed in yen. Also, as discussed in note 10, NTT Group has floating rate debt exposures related to its long-term debt. In accordance with NTT Group strategy, NTT Group fixes the anticipated cash flows of interest payment by entering into pay-fixed/receive-floating interest rate swaps. Changes in the fair value of derivatives that are highly effective as, and that are designated and qualified as, cash flow hedges are recognized in other comprehensive income (loss), until changes in cash flows from the hedged transactions are recognized as “Other, net” of “Other income (expenses) in the consolidated statements of income. For all periods presented, these cash flow hedges were effective and the amount representing the ineffectiveness of the hedges was not material. In addition, there was no material amount excluded from the assessment of hedge effectiveness of cash flow hedges. The notional principal amounts of cash flow hedges at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ 8,442 ¥ 20,022 Interest rate swap agreements 78,242 138,912 Currency swap agreements ¥ 147,798 ¥ 209,968 Changes in the fair value of cash flow hedges recorded in other comprehensive income (loss) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ (311 ) ¥ 67 Interest rate swap agreements (136 ) (1,457 ) Currency swap agreements (5,040 ) 1,611 Total ¥ (5,487 ) ¥ 221 Amounts of gain (loss) on cash flow hedges reclassified from accumulated other comprehensive income (loss) into net income for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Consolidated income item 2013 2014 2015 Millions of yen Forward exchange contracts Other, net ¥ 9 ¥ 121 ¥ (1,990 ) Interest rate swap agreements Other, net (914 ) (576 ) (1,001 ) Currency swap agreements Other, net 3,362 2,565 5,485 Total ¥ 2,457 ¥ 2,110 ¥ 2,494 As of March 31, 2015, approximately ¥906 million of deferred net income on derivative instruments in accumulated other comprehensive income (loss) is expected to be reclassified as earnings during the next twelve months when the related interest expense is recognized. Derivatives not designated as hedging instruments— NTT Group has forward exchange contracts, currency swap agreements, interest rate swap agreements, currency option agreements and forward contracts to hedge market risks such as interest rate changes and foreign currency fluctuations. Some of these derivative financial instruments are not designated as hedging instruments. The notional principal amounts of the derivatives not designated as hedging instruments at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ 49,125 ¥ 64,466 Interest rate swap agreements 337,010 271,471 Currency swap agreements 4,300 — Currency option agreements 85,338 48,740 Forward contracts — 3,499 Changes in the fair value of the derivatives not designated as hedging instruments recorded in the consolidated statements of income for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Consolidated income item 2013 2014 2015 Millions of yen Forward exchange contracts Other, net ¥ (815 ) ¥ 1,779 ¥ (1,613 ) Interest rate swap agreements Other, net 152 575 (432 ) Currency swap agreements Other, net (34 ) 1,460 (1,457 ) Currency option agreements Other, net 727 585 201 Forward contracts Other, net — — (145 ) Total 30 4,399 (3,446 ) Fair value of financial instruments— The table that follows provides the estimated fair value of financial instruments. Assets and liabilities with carrying amounts that approximate fair values, such as cash and cash equivalents, notes and accounts receivable, trade, short-term borrowings, accounts payable, trade, and accrued payroll are not included in the table. Fair value information regarding “Marketable securities and other investments” is disclosed in note 8. 2014 2015 Carrying Fair value Carrying Fair value Millions of yen Long-term debt including current portion ¥ 3,909,024 ¥ 4,108,377 ¥ 4,059,104 ¥ 4,200,707 The fair value of long-term debt, including the current portion, is measured using discount rates for similar debt instruments of comparable maturities currently offered by NTT Group, which is classified as Level 2. The fair value of derivative instruments and amounts recognized in the consolidated balance sheets at March 31, 2014 and 2015 are as follows. The fair value of derivative instruments are measured by inputs derived principally from observable market data provided by financial institutions. 2014 2015 Millions of yen Assets Derivatives designated as hedging instruments: Forward exchange contracts Prepaid expenses and other current assets ¥ 382 ¥ 1,437 Other assets — 219 Interest rate swap agreements Prepaid expenses and other current assets 60 — Currency swap agreements Other assets 33,349 76,638 Subtotal 33,791 78,294 Derivatives not designated as hedging instruments: Forward exchange contracts Prepaid expenses and other current assets 579 879 Other assets 88 2 Interest rate swap agreements Prepaid expenses and other current assets — 0 Other assets 604 1 Currency swap agreements Prepaid expenses and other current assets 1,456 — Currency option agreements Prepaid expenses and other current assets 8 — Other assets 282 474 Subtotal 3,017 1,356 Total ¥ 36,808 ¥ 79,650 2014 2015 Millions of yen Liabilities Derivatives designated as hedging instruments: Forward exchange contracts Other (Current liabilities) ¥ 13 ¥ 1 Interest rate swap agreements Other (Current liabilities) 26 125 Other (Long-term liabilities) 1,439 2,795 Currency swap agreements Other (Long-term liabilities) 571 777 Subtotal 2,049 3,698 Derivatives not designated as hedging instruments: Forward exchange contracts Other (Current liabilities) 473 469 Other (Long-term liabilities) 35 284 Interest rate swap agreements Other (Current liabilities) 124 211 Other (Long-term liabilities) 454 196 Currency option agreements Other (Current liabilities) 11 — Other (Long-term liabilities) 74 80 Forward contracts Other (Current liabilities) — 145 Subtotal 1,171 1,385 Total ¥ 3,220 ¥ 5,083 Contingent features in derivative instruments— At March 31, 2015, NTT Group had no material derivative instruments that contain credit risk-related contingent features which would have a material adverse effect on NTT’s consolidated financial position or results of operations. Concentrations of credit risk— NTT Group does not have any significant concentration of business transacted with an individual counter-party or groups of counter-parties that could, if suddenly eliminated, severely impact its operations at March 31, 2015. |
Financing receivables
Financing receivables | 12 Months Ended |
Mar. 31, 2015 | |
Financing receivables | 21. Financing receivables: NTT Group has certain “Financing receivables” including loans and lease receivables. These financing receivables are mainly held by the financial subsidiaries of NTT. NTT manages these financing receivables by classifying them into “Installment sales receivable,” “Lease receivable,” “Loans receivable,” “Credit receivable” and “Others.” The allowance for doubtful accounts against financing receivables collectively evaluated for impairment is computed based on each historical bad debt experience. The allowance for doubtful accounts against financing receivables individually evaluated for impairment is computed based on the estimated uncollectible amount based on the analysis of certain individual accounts. In addition, financing receivables that are determined to be uncollectible due to, among other factors, the condition of the debtor are written off at the time of determination. Rollforward of allowance for credit losses and recorded investment in financing receivables for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Installment Lease Loans Credit Others Total Millions of yen Allowance for credit losses: Balance at March 31, 2013 ¥ 6,829 ¥ 11,423 ¥ 6,154 ¥ 3,390 ¥ 107 ¥ 27,903 Provision (797 ) (1,384 ) (981 ) 1,551 3,898 2,287 Charge off (1,351 ) (1,820 ) (175 ) (1,953 ) — (5,299 ) Recovery 6 112 2 3 — 123 Balance at March 31, 2014 4,687 8,331 5,000 2,991 4,005 25,014 collectively evaluated for impairment 4,387 3,155 1,360 2,991 1 11,894 individually evaluated for impairment 300 5,176 3,640 — 4,004 13,120 Financing receivable: Balance at March 31, 2014 796,039 355,374 111,316 266,976 4,213 1,533,918 collectively evaluated for impairment 795,693 349,716 103,010 266,976 170 1,515,565 individually evaluated for impairment 346 5,658 8,306 — 4,043 18,353 2015 Installment Lease Loans Credit Others Total Millions of yen Allowance for credit losses: Balance at March 31, 2014 ¥ 4,687 ¥ 8,331 ¥ 5,000 ¥ 2,991 ¥ 4,005 ¥ 25,014 Provision 1,161 (971 ) (1,774 ) 6,008 683 5,107 Charge off (194 ) (1,228 ) (2,265 ) (2,082 ) — (5,769 ) Recovery 4 78 — 3 — 85 Balance at March 31, 2015 5,658 6,210 961 6,920 4,688 24,437 collectively evaluated for impairment 5,382 2,095 344 6,920 1 14,742 individually evaluated for impairment 276 4,115 617 — 4,687 9,695 Financing receivable: Balance at March 31, 2015 971,269 381,086 80,895 287,305 5,199 1,725,754 collectively evaluated for impairment 970,886 376,605 79,545 287,305 450 1,714,791 individually evaluated for impairment 383 4,481 1,350 — 4,749 10,963 Among financing receivables, the main receivables held by the financial subsidiaries are recognized as being in arrears on the basis of time passed since the payment date. Financing receivables determined to have no prospects for collecting contractual interest on the basis of past due date and other factors do not accrue interest. Financing receivables on nonaccrual status at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Installment sales receivable ¥ 144 ¥ 92 Lease receivable 4,447 3,728 Loans receivable 8,502 1,862 Credit receivable 801 1,034 Others 3,940 3,970 Total ¥ 17,834 ¥ 10,686 NTT Group determines the credit quality of financing receivables on the basis of arrearages of receivables and the conditions of debtors, among other factors. Financing receivables for which arrearages continue over a long period are classified as “nonperforming receivables,” and all other receivables are classified as “performing receivables.” Analysis of the age of the recorded investment in financing receivables at March 31, 2014 and 2015 are as follows: 2014 Performing Nonperforming Total Greater than 90 days and Current 1-89 days past due Greater than 90 days Millions of yen Installment sales receivable ¥ 791,923 ¥ 2,392 ¥ 1,724 ¥ 796,039 ¥ 10 Lease receivable 407,327 3,721 4,877 415,925 426 Credit receivable 263,848 2,327 801 266,976 — Others 2,895 — 3,997 6,892 — Total ¥ 1,465,993 ¥ 8,440 ¥ 11,399 ¥ 1,485,832 ¥ 436 2014 Performing Nonperforming Total Past due and Current Past due Millions of yen Loans receivable ¥ 229,570 ¥ 8,949 ¥ 238,519 ¥ — 2015 Performing Nonperforming Total Greater than 90 days and Current 1-89 days past due Greater than 90 days Millions of yen Installment sales receivable ¥ 966,759 ¥ 2,516 ¥ 1,994 ¥ 971,269 ¥ 12 Lease receivable 444,634 1,938 3,871 450,443 143 Credit receivable 280,463 5,808 1,034 287,305 — Others 1,802 — 4,029 5,831 — Total ¥ 1,693658 ¥ 10,262 ¥ 10,928 ¥ 1,714,848 ¥ 155 2015 Performing Nonperforming Total Past due and Current Past due Millions of yen Loans receivable ¥ 267,046 ¥ 2,168 ¥ 269,214 ¥ — NTT Group classifies financing receivables as impaired when, based on current information and events, it is probable that NTT will be unable to collect all amounts due according to the contractual terms of the loan agreement, and identifies such impaired receivables as “Impaired financing receivables.” Impaired financing receivables at March 31, 2014 and 2015 are as follows: 2014 Recorded Related Unpaid Principal Average Recorded Millions of yen With an allowance recorded ¥ 8,203 ¥ 3,593 ¥ 8,203 ¥ 8,176 With no related allowance recorded ¥ 319 ¥ — ¥ 704 ¥ 69 2015 Recorded Related Unpaid Principal Average Recorded Millions of yen With an allowance recorded ¥ 932 ¥ 837 ¥ 932 ¥ 4,464 With no related allowance recorded ¥ 922 ¥ — ¥ 1,141 ¥ 707 |
Commitments and contingent liab
Commitments and contingent liabilities | 12 Months Ended |
Mar. 31, 2015 | |
Commitments and contingent liabilities | 22. Commitments and contingent liabilities: The aggregate amount of payments for commitments outstanding at March 31, 2015, including commitments for purchase of property, plant and equipment and other assets is as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 690,651 2017 55,796 2018 38,176 2019 29,724 2020 4,775 Thereafter 5,507 Total ¥ 824,629 Contingent liabilities at March 31, 2015 for loans guaranteed, among other things, amounted to ¥70,825 million. At March 31, 2015, NTT Group had no material litigation or claims outstanding, pending or threatened against it, which would be expected to have a material adverse effect on NTT’s consolidated financial position or results of operations. |
Subsequent events
Subsequent events | 12 Months Ended |
Mar. 31, 2015 | |
Subsequent events | 23. Subsequent events: For information on NTT’s resolution with respect to its two-for-one stock split, see note 14. Lux e-shelter 1 S.a.r.l. (“e-shelter”) On June 22, 2015, NTT Communications, a subsidiary of NTT, acquired 86.7% of the outstanding shares of German data center services provider e-shelter for ¥99,856 million. This acquisition is intended to strengthen NTT’s ability to provide global seamless ICT solutions in response to the demand for cloud and data center services in Europe. NTT is currently calculating the financial impact of the assets acquired and liabilities assumed as of the acquisition date. |
SCHEDULE II-VALUATION AND QUALI
SCHEDULE II-VALUATION AND QUALIFYING ACCOUNT | 12 Months Ended |
Mar. 31, 2015 | |
SCHEDULE II-VALUATION AND QUALIFYING ACCOUNT | SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS YEAR ENDED MARCH 31 Balance at Additions Deductions ( 1) Balance at Millions of yen Fiscal year ended March 31, 2013: Allowance for doubtful accounts ¥ 48,356 ¥ 24,701 ¥ (28,096 ) ¥ 44,961 Fiscal year ended March 31, 2014: Allowance for doubtful accounts ¥ 44,961 ¥ 37,197 ¥ (35,265 ) ¥ 46,893 Fiscal year ended March 31, 2015: Allowance for doubtful accounts ¥ 46,893 ¥ 28,504 ¥ (32,167 ) ¥ 43,230 *1: Primarily amounts written off. Additions Balance at Charged to expense Charged to ( 1) Deductions ( 2) Balance at Millions of yen Fiscal year ended March 31, 2013: Valuation allowance—Deferred tax assets ¥ 242,158 ¥ 19,287 ¥ 12,920 ¥ (20,672 ) ¥ 253,693 Fiscal year ended March 31, 2014: Valuation allowance—Deferred tax assets ¥ 253,693 ¥ 20,473 ¥ 24,793 ¥ (39,038 ) ¥ 259,921 Fiscal year ended March 31, 2015: Valuation allowance—Deferred tax assets ¥ 259,921 ¥ 26,839 ¥ 17,449 ¥ (38,259 ) ¥ 265,950 *1: Charged to other Accounts of Additions in the table above mainly consist of foreign currency translation adjustments. *2: Deductions in the table above mainly consist of changes in estimates of the realizability of deferred tax assets. The amounts of change in estimates of the realizability of deferred tax assets for the years ended March 31, 2013, 2014 and 2015 are presented in note 12. In addition, the deduction in the table above for the year ended March 31, 2015 includes the impact of a ¥15,838 million decrease as a result of a change in the statutory tax rate applied to the calculation of the amount of deferred tax assets and liabilities. |
Summary of significant accoun32
Summary of significant accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2015 | |
Basis of Consolidation and Accounting for Investments in Affiliated Companies | Basis of consolidation and accounting for investments in affiliated companies— The consolidated financial statements include the accounts of NTT, its subsidiaries, and variable interest entities (“VIEs”). All significant intercompany transactions and accounts are eliminated in consolidation. The fiscal years of certain foreign subsidiaries end on December 31, however, any significant subsequent transactions for the period from January 1 to March 31 are reflected in the results of operations of NTT Group. Investments in affiliated companies where NTT Group has the ability to exercise significant influence over the affiliated companies, but does not have a controlling financial interest, are accounted for under the equity method. NTT evaluates its investments in affiliates for impairment due to declines in value considered to be other than temporary. In performing its evaluations, NTT utilizes various information, as available, including cash flow projections, independent valuations and, if applicable, stock price analysis. In the event of a determination that a decline in value is other than temporary, a charge to earnings is recorded for the loss and a new cost basis in the investment is established. |
Use of estimates | Use of estimates— The preparation of NTT’s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include revenue recognition, estimated useful lives and recovery of the carrying amount of property, plant and equipment, software and certain other intangible assets, goodwill, investments, employees’ retirement benefit obligations, income tax uncertainties and realizability of deferred tax assets and accrued liabilities for point programs. Effective April 1, 2013, NTT Group revised its estimate of the expected useful life of metal cables based on actual utilization to reflect an extended expected useful life. This change in estimate has been accounted for prospectively. The financial statement impact from this change in accounting estimate for the fiscal year ended March 31, 2014 on “Income before income taxes and equity in earnings (losses) of affiliated companies,” “Net income attributable to NTT” and “Per share of common stock” of “Net income attributable to NTT” is ¥23,264 million, ¥14,392 million, and ¥12.52, respectively. Effective July 1, 2014, NTT Group revised its estimate of the expected useful life of a part of the software for telecommunications network and internal-use software based on the actual utilization of the software to reflect an extended expected useful life of up to 7 years. This change in estimate has been accounted for prospectively. The financial impact from this change in accounting estimate on the fiscal year ended March 31, 2015 to “Income before income taxes and equity in earnings (losses) of affiliated companies,” “Net income attributable to NTT” and “Per share of common stock” of “Net income attributable to NTT” is ¥51,307 million, ¥21,754 million, and ¥19.89, respectively. |
Revenue Recognition | Revenue recognition— Revenues arising from fixed voice related services, mobile voice related services, IP/packet communications services and other services are recognized at the time these services are provided to customers. With regard to revenues from mobile voice related services and IP/packet communications services, monthly billing plans for cellular (FOMA (3G wireless services) services generally include a certain amount of allowances (free minutes and/or packets), and the used amount of the allowances is subtracted from total usage in calculating the airtime revenue from a subscriber for the month. NTT Group introduced a billing arrangement, called “Nikagetsu Kurikoshi” (two-month carry over) and “Packet Kurikoshi,” in which the unused allowances are automatically carried over. “Nikagetsu Kurikoshi” is a billing arrangement, in which the unused allowances of the monthly free minutes and/or packets are automatically carried over for up to the following two months. In addition, NTT Group offers an arrangement which enables the unused allowances that were carried over for the two months to be automatically used to cover the airtime and/or packet charges exceeding the allowances of the other subscriptions in the “Family Discount” group, a discount billing arrangement for families. Out of the unused allowance in a month, NTT Group defers the revenues based on the portion which is estimated to be used in the following two months. As for the portion which is estimated to expire, NTT Group recognizes the revenue attributable to such portion of allowances ratably as the remaining allowances are utilized, in addition to the revenue recognized when subscribers make calls or utilize data transmissions. “Packet Kurikoshi” is a billing arrangement, in which the unused allowances of the monthly packet data which can be used without speed cap are automatically carried over for up to the following month. NTT Group defers revenues based on the portion of unused allowances that are estimated to be utilized in the next month. As NTT Group does not have sufficient empirical evidence to reasonably estimate unused allowances that will be utilized in the next month, NTT Group deducts and defers all amounts allocated to unused allowances from revenues. The deferred revenues are recognized as revenues in the next month. Non-recurring upfront fees such as activation fees are deferred and recognized as revenues over the estimated average period of the subscription for each service. The related direct costs are deferred only to the extent of the non-recurring upfront fee amount and are amortized over the same period. Sales of telecommunication equipment are recognized as income upon delivery of the equipment to purchasers, primarily agent resellers, when title to the product, and the risk and rewards of ownership, have been substantially transferred. Certain commissions paid to purchasers, primarily agent resellers, and incentives given to subscribers are recognized as a reduction of sales of telecommunication equipment. From the fiscal year ended March 31, 2014, NTT Group commenced a new incentive program which provides certain discounts for subscribers who purchase qualified smartphones under the installment payment arrangement. Under the incentive program, NTT Group provides subscribers the discount depending on the number of installment payments upon certain events including replacement of the original smartphones. During the fiscal year ended March 31, 2014, NTT Group recorded a reduction of revenues based on the maximum potential discount amount of installment receivables as no sufficient empirical evidence was available to reasonably estimate such amounts. During the fiscal year ended March 31, 2015, NTT Group has recognized estimated future discount amount as a reduction of revenue since NTT Group developed sufficient empirical evidence such as an analysis of the historical churn rate and replacement rate of the qualified and other smartphones to reasonably estimate the future discount amount. With regard to sales of telecommunication equipment in the mobile communications business, NTT Group enables subscribers to select installment payments over a period of 12 or 24 months. When installment payments are selected, under an agreement entered into among NTT Group, the subscribers and the agent resellers, NTT Group provides financing by providing funds to the agent reseller for the purchase of mobile handsets by the subscriber. NTT Group then includes the current installment for the receivable for the purchased handset in its invoices for basic monthly charges and airtime charges for the installment payment term. Because equipment sales are recognized upon delivery of handsets to agent resellers, the advance payment for the purchased handset to agent resellers and subsequent cash collection of the installment receivable for the purchased handset from subscribers do not have an impact on our equipment sales. Revenues from system integration services are recognized as work on contracts progresses. However, in cases where the contract period is short and the difference in the impact on the financial position or results of operations is immaterial, or in cases where it is difficult to make a reasonable estimate on the progress of the contracted work, revenues are recognized upon completion of the contracted services. Provision for estimated losses on system integration projects, if any, is made in the fiscal period in which the loss becomes evident. |
Cash and cash equivalents, short-term investments | Cash and cash equivalents, short-term investments— Excess cash is mainly invested in time deposits, marketable bonds of the Japanese Government or commercial paper. Those with original maturities of three months or less are classified as “Cash and cash equivalents” in the consolidated balance sheets. Those with original maturities of longer than three months and remaining maturities of 12 months or less at the end of the fiscal year are classified as “Short-term investments” in the consolidated balance sheets. NTT Group has maintained a global cash management system (“Global CMS”) with a single financial institution since 2012 in order to improve the efficiency and effectiveness of its cash management. The Global CMS receives excess cash and extends loans to participating subsidiaries. In March 2015, this arrangement was modified to introduce a right to offset provision allowing the Global CMS to offset positive and negative cash balances that meet the criteria for offsetting, effective from the fiscal year ended March 31, 2015. NTT’s consolidated balance sheets as of March 31, 2015 reflect such offset of ¥95,556 million. |
Foreign Currency Translation and Transactions | Foreign currency translation and transactions— All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate year-end exchange rates and all income and expense accounts are translated at the average exchange rates prevailing during the year. The resulting translation adjustments are recognized as a component of accumulated other comprehensive income (loss). Foreign currency receivables and payables are re-measured at appropriate year-end exchange rates and the resulting foreign currency transaction gains or losses are recorded as “Other, net” in the consolidated statements of income. NTT Group transacts limited business in foreign currencies. The effect of exchange rate fluctuations from the initial transaction date to the settlement date is recorded as “Other, net” in the consolidated statements of income. |
Marketable Securities and Other Investments | Marketable securities and other investments— Unrealized gains and losses on available-for-sale securities, whose fair values are readily determinable, are reported as a component of accumulated other comprehensive income (loss), net of taxes. Equity securities whose fair values are not readily determinable and equity securities for which sales are restricted by contractual requirements are carried at cost. NTT Group periodically reviews the carrying amounts of its marketable securities for impairments that are other than temporary. If this evaluation indicates there is an impairment that is other than temporary, the security is written down to its estimated fair value. Debt securities designated as held-to-maturity are carried at amortized cost and are reduced to net realizable value for declines in market value unless such declines are deemed to be temporary. Realized gains and losses, which are determined on the average cost method, are reflected in income. |
Inventories | Inventories— Inventories consist of telecommunications equipment to be sold, projects in progress, materials and supplies, which are stated at the lower of cost or market. The cost of telecommunications equipment to be sold and materials is determined on a first-in first-out basis. The cost of projects in progress is mainly attributable to that of software production for customers or that of construction of real estate held for resale, including labor and subcontractors’ cost base. The cost of supplies is determined by the average cost method or by the specific identification method. Due to the rapid technological changes associated with the wireless communications business, NTT DOCOMO recognized losses on write-downs for the fiscal years ended March 31, 2013, 2014 and 2015 totaling ¥12,662 million, ¥4,415 million and ¥13,716 million, respectively, which are included in “Cost of equipment sold” in the consolidated statements of income. |
Property, Plant and Equipment and Depreciation | Property, plant and equipment and depreciation— Property, plant and equipment are stated at cost. Depreciation is computed principally using a declining-balance method at rates based on estimated useful lives of the assets with the exception of buildings, for which the straight-line method is generally used. With minor exceptions, the estimated useful lives of depreciable properties (estimated economic life) are as follows: Digital switch equipment (including wireless telecommunications equipment) 8 to 16 years Cables 13 to 36 years Tubes and tunnels 50 years Reinforced concrete buildings 42 to 56 years Machinery, vessels and tools 3 to 26 years Depreciation expense is computed based on the total depreciable amount, which is cost, net of estimated residual value. Maintenance and repairs, including minor renewals and betterments, are charged to income as incurred. |
Capitalized Interest | Capitalized interest— Interest is capitalized where it relates to the construction of property, plant and equipment over the period of construction. NTT Group also capitalizes interest associated with the development of internal-use software. NTT Group amortizes such capitalized interest over the estimated useful lives of the related assets. Total interest costs incurred were ¥58,267 million, ¥51,460 million and ¥47,958 million, of which ¥3,928 million, ¥3,776 million and ¥3,942 million were capitalized for the fiscal years ended March 31, 2013, 2014 and 2015, respectively. |
Impairment of Long-Lived Assets | Impairment of long-lived assets— Long-lived assets to be held and used, including property, plant and equipment, software and certain other intangible assets with finite useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the total of the expected future undiscounted cash flows is less than the carrying amount of the asset, the loss recognized is the amount by which the carrying amount of the asset exceeds its fair value as measured through various valuation techniques, including discounted cash flow models, quoted market value and third-party independent appraisals, as considered necessary. Assets to be disposed of by sale are reported at the lower of the carrying amount or estimated fair value less costs to sell. |
Goodwill, Software and Other Intangible Assets | Goodwill, Software and other intangible assets— Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and recognized. Goodwill is not amortized, but tested for impairment at least annually and more frequently when indicators of impairment are present. The goodwill impairment test is a two-step process. Under the first step, the fair value of the reporting unit is compared with its carrying amount (including goodwill). If the fair value of the reporting unit is less than its carrying amount, an indication of goodwill impairment exists for that reporting unit and NTT Group must perform the second step of the impairment test (measurement). Fair values of the reporting units are determined using a discounted cash flow analysis, among other methods. Under the second step, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of the goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the implied fair value of the reporting unit goodwill. If the fair value of the reporting unit exceeds its carrying amount, the second step does not need to be performed. During the fiscal year ended March 31, 2015, NTT DOCOMO realigned its operating segments in order to reflect its changing business management. As a result of this realignment of operating segments, NTT Group reorganized the reporting structure of its mobile communications business segment into communications, smart life and other businesses reporting units. In conjunction with this change, NTT Group reassigned the goodwill attributable to these reporting units prior to the realignment to the communications, smart life and other businesses reporting units using a relative fair value allocation approach based on the composition of each business reporting unit prior to the realignment. Intangible assets other than goodwill primarily consist of computer software. NTT Group capitalizes the cost of internal-use software, which has a useful life in excess of one year. Subsequent additions, modifications or upgrades to internal-use software are capitalized only to the extent that they allow the software to perform a task it previously did not perform. Software maintenance and training costs are expensed in the period in which they are incurred. Capitalized computer software costs are amortized on a straight-line basis over a period of generally from five to seven years. The intangible assets with indefinite lives are not amortized, but tested for impairment on an annual basis and when indicators of impairment are present. |
Income Taxes | Income taxes— Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts and the tax bases of assets or liabilities and operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates, which are expected to be applicable during the periods in which existing temporary differences reverse and loss carryforwards are utilizable. A valuation allowance is recognized to reduce deferred tax assets to the amount more likely than not to be realized. The effect of income tax positions are recognized only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. |
Derivative Financial Instruments | Derivative financial instruments— NTT Group uses several types of derivative financial instruments to manage market risks such as fluctuations in foreign currency exchange rates and interest rates. NTT Group does not use derivative instruments for trading or speculative purposes. All derivatives are recognized as either assets or liabilities in the balance sheet at fair value and are reported in “Prepaid expenses and other current assets,” “Other assets,” “Current liabilities—Other” and “Long-term liabilities—Other” in the consolidated balance sheets. Classification of each derivative as current or non-current is based upon whether the maturity of each instrument is less than or greater than 12 months. Changes in fair value of derivative financial instruments are either recognized in income or shareholders’ equity (as a component of accumulated other comprehensive income (loss)), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The fair values of forward exchange contracts, interest rate swap agreements, and currency swap agreements are measured by inputs derived principally from observable market data provided by financial institutions. For derivatives classified as fair value hedges, changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. For derivatives classified as cash flow hedges, changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income (loss) and reclassified into earnings when the hedged transaction affects earnings. From time to time, however, NTT Group may enter into derivatives that economically hedge certain of its risks, even though hedge accounting does not apply. In these cases, changes in the fair values of these derivatives are recognized in current period earnings. NTT Group formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedging transactions. This process includes linking all derivatives that are designated as fair value or cash flow hedges to (1) specific assets or liabilities on the balance sheet or (2) specific firm commitments or forecasted transactions. NTT Group also assesses (both at the hedge’s inception and on an ongoing basis at least quarterly) whether the derivatives that are used in hedging transactions have been highly effective in offsetting changes in the fair value or cash flows of hedged items and whether those derivatives may be expected to remain highly effective in future periods. When it is determined that a derivative is not highly effective as a hedge, NTT Group discontinues hedge accounting. The amounts representing hedges’ ineffectiveness and the component of derivative instruments’ gain or loss excluded from the assessment of hedge effectiveness are reported as “Other, net” in the consolidated statements of income. Cash flows from financial instruments accounted for as hedges are classified in the consolidated statements of cash flows under the same category as the items being hedged. |
Earnings Per Share | Earnings per share— Basic earnings per share (“EPS”) is computed based on the average number of shares outstanding during the year and is appropriately adjusted for any free distribution of common stock. Diluted EPS assumes the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock. Since NTT did not issue dilutive securities, there is no difference between basic EPS and diluted EPS. |
Variable Interest Entities (VIEs) | Variable Interest Entities— NTT Group consolidates VIEs if NTT Group has both the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. VIEs with assets totaling approximately ¥217 billion and ¥221 billion as of March 31, 2014 and 2015, respectively, which were established to develop and lease real estate for rental, for the purpose of securitization of mainly real estate, have been recognized and consolidated as VIEs in which NTT Group is the primary beneficiary. Assets and liabilities of VIEs established to develop and lease real estate at March 31, 2014 and 2015 are included in the consolidated balance sheets as follows: 2014 Develop and lease ( 1,2) Millions of yen Current assets ¥ 19,581 Property, plant and equipment 194,942 Investments and other assets 2,353 Current liabilities 2,756 Long-term liabilities 91,305 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥135,677 million, “Current portion of long-term debt” totaling ¥1,013 million and “Long-term debt” totaling ¥59,288 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥243,769 million. 2015 Develop and lease ( 1,2) Millions of yen Current assets ¥ 29,821 Property, plant and equipment 188,854 Investments and other assets 2,489 Current liabilities 3,502 Long-term liabilities 80,986 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥133,913 million, “Current portion of long-term debt” totaling ¥825 million and “Long-term debt” totaling ¥51,791 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥238,280 million. There is no VIE in which NTT Group holds a significant variable interest but is not the primary beneficiary as of March 31, 2015. |
Asset Retirement Obligations | Asset Retirement Obligations— NTT Group’s legal obligations associated with the retirement of tangible long-lived assets are recorded as liabilities, measured at fair value, when those obligations are incurred if a reasonable estimate of fair value can be made. Upon initially recognizing liabilities for asset retirement obligations, an entity must capitalize the cost by recognizing an increase in the carrying amount of the related long-lived assets. NTT Group’s asset retirement obligations primarily relate to obligations to restore leased land and buildings for NTT Group’s telecommunications equipment to their original condition. NTT has concluded that their estimates of the fair value of these liabilities are immaterial. |
Employees' Retirement Benefits | Employees’ retirement benefits— NTT recognizes the funded status of its benefit plan, measured as the difference between the plan assets at fair value and the benefit obligation, in the consolidated balance sheets. Changes in the funded status are recognized as changes in comprehensive income (loss) during the fiscal period in which such changes occur. Pension benefits earned during the year as well as interest on projected benefit obligations are currently accrued. Prior service cost and net actuarial loss in excess of 10% of the greater of the projected benefit obligation or the fair value of plan assets, both of which are included in “Accumulated other comprehensive income (loss),” are amortized over the expected average remaining service period of employees on a straight-line basis. |
Accrued Liabilities for Point Programs | Accrued liabilities for point programs— NTT Group grants “points” to customers based on the usage of mobile, FLET’S Hikari and other services, which provide benefits, including discounts on merchandise, and records “Accrued liabilities for point programs” relating to the points that customers earn. |
Redeemable noncontrolling interests | Redeemable noncontrolling interests— A portion of noncontrolling interests of certain subsidiaries can be put to NTT Group upon certain events. As redemption of the noncontrolling interests is not solely in the control of NTT Group, the redemption amount based on fair value price is considered as “Redeemable noncontrolling interests” and presented in between Liabilities and Equity in the consolidated balance sheets. As of March 31, 2015, NTT Group believes that subsequent adjustment of the presented amount of redeemable noncontrolling interests is unnecessary because they are not currently redeemable and it is not probable that they will become redeemable. NTT Group will reassess the probability each fiscal year. An analysis of the changes for the fiscal year ended March 31, 2015 in Redeemable noncontrolling interests is shown below: 2014 2015 Millions of yen Balance at beginning of year ¥ — ¥ 25,912 Acquisition of new subsidiaries 25,912 — Comprehensive income (loss) Net income — 1,090 Other comprehensive income (loss) Foreign currency translation adjustments — 1,235 Changes in NTT’s ownership interest in subsidiaries — 35 Balance at end of year ¥ 25,912 ¥ 28,272 |
Reclassifications | Reclassifications— Beginning April 1, 2013, in connection with NTT Group’s current state of business and initiatives such as efforts to expand into new business areas in the mobile communications business, NTT has reclassified, among other things, part of its “Mobile Voice Related Services revenues” and “IP/Packet Communications Services revenues” as “Other revenues,” and part of its “Other revenues” as “System Integration revenues.” Results for the fiscal years ended March 31, 2013 reflect such reclassification. |
Revenue from Contracts with Customers | Revenue from Contracts with Customers— On May 28, 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers,” which requires an entity to recognize the amount to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for NTT Group on April 1, 2017. On April 29, 2015, the FASB issued an exposure draft to delay the effective date of the ASU by one year. In the event that the exposure draft goes into effect, the standard would be effective for NTT Group on April 1, 2018. Early adoption of the standard as of April 1, 2017 would also be permitted. NTT has not yet selected a transition method and is currently evaluating the effect that the ASU will have on NTT Group’s consolidated financial statements and related disclosures. |
Summary of significant accoun33
Summary of significant accounting policies (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Estimated Useful Lives Of Depreciable Properties | With minor exceptions, the estimated useful lives of depreciable properties (estimated economic life) are as follows: Digital switch equipment (including wireless telecommunications equipment) 8 to 16 years Cables 13 to 36 years Tubes and tunnels 50 years Reinforced concrete buildings 42 to 56 years Machinery, vessels and tools 3 to 26 years |
Assets and Liabilities of VIEs Established to Develop Real Estate for Rental and to Lease Software | Assets and liabilities of VIEs established to develop and lease real estate at March 31, 2014 and 2015 are included in the consolidated balance sheets as follows: 2014 Develop and lease ( 1,2) Millions of yen Current assets ¥ 19,581 Property, plant and equipment 194,942 Investments and other assets 2,353 Current liabilities 2,756 Long-term liabilities 91,305 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥135,677 million, “Current portion of long-term debt” totaling ¥1,013 million and “Long-term debt” totaling ¥59,288 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥243,769 million. 2015 Develop and lease ( 1,2) Millions of yen Current assets ¥ 29,821 Property, plant and equipment 188,854 Investments and other assets 2,489 Current liabilities 3,502 Long-term liabilities 80,986 (*1) Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included “Land” totaling ¥133,913 million, “Current portion of long-term debt” totaling ¥825 million and “Long-term debt” totaling ¥51,791 million, respectively. (*2) “Current portion of long-term debt” and “Long-term debt (excluding current portion)” above are secured by the VIEs’ land and buildings totaling ¥238,280 million. |
Analysis of Changes in Redeemable Noncontrolling Interests | An analysis of the changes for the fiscal year ended March 31, 2015 in Redeemable noncontrolling interests is shown below: 2014 2015 Millions of yen Balance at beginning of year ¥ — ¥ 25,912 Acquisition of new subsidiaries 25,912 — Comprehensive income (loss) Net income — 1,090 Other comprehensive income (loss) Foreign currency translation adjustments — 1,235 Changes in NTT’s ownership interest in subsidiaries — 35 Balance at end of year ¥ 25,912 ¥ 28,272 |
Related party transactions (Tab
Related party transactions (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Transactions with Affiliated Companies | Transactions with affiliated companies for each of the three years in the period ended March 31, 2015 and the related balances at March 31, 2013, 2014 and 2015 are as follows: 2013 2014 2015 Millions of yen Operating revenues ¥ 26,001 ¥ 31,372 ¥ 32,392 Operating expenses ¥ 105,295 ¥ 109,817 ¥ 126,461 Receivables ¥ 17,257 ¥ 24,254 ¥ 27,773 Payables ¥ 89,623 ¥ 105,341 ¥ 98,055 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Cash and Cash Equivalents | Cash and cash equivalents at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Cash ¥ 847,980 ¥ 807,817 Commercial paper and certificates of deposit, commercial paper and marketable securities purchased under agreements to resell 2,212 802 Time deposits, certificates of deposit and other 134,271 40,555 Total ¥ 984,463 ¥ 849,174 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Inventories | Inventories at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Telecommunications equipment to be sold and materials ¥ 228,337 ¥ 181,258 Projects in progress 83,015 103,351 Supplies 103,957 105,914 Total ¥ 415,309 ¥ 390,523 |
Investments in affiliated com37
Investments in affiliated companies (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Main Effects on Consolidated Financial Statements Due to Revisions | The main effects on the consolidated financial statements for the fiscal year ended March 31, 2013 due to the revisions are as follows: Effects on consolidated balance sheet Millions of yen Line items As previously Adjustments As revised Investments in affiliated companies ¥ 411,371 ¥ 140,512 ¥ 551,883 Marketable securities and other investments 660,823 (303,601 ) 357,222 Deferred income taxes 694,361 58,467 752,828 Total investments and other assets 5,207,714 (104,622 ) 5,103,092 Retained earnings 5,229,407 (2,139 ) 5,227,268 Accumulated other comprehensive income (loss) (107,476 ) (85,456 ) (192,932 ) Total NTT shareholders’ equity 8,319,034 (87,595 ) 8,231,439 Noncontrolling interests 2,307,591 (17,027 ) 2,290,564 Effects on consolidated statement of income Millions of yen Line items As previously Adjustments As revised Other, net ¥ 35,832 ¥ (3,452 ) ¥ 32,380 Income before income taxes and equity in earnings (losses) of affiliated companies 1,201,099 (3,452 ) 1,197,647 Income tax expense (benefit)—Deferred 11,660 299 11,959 Equity in earnings (losses) of affiliated companies (17,707 ) 1,614 (16,093 ) Net income 709,739 (2,139 ) 707,600 Net income attributable to NTT 524,071 (2,139 ) 521,932 Effect on per share data yen Line items As previously Adjustments As revised Net income attributable to NTT 432.44 (1.77 ) 430.68 Effects on consolidated statement of comprehensive income Millions of yen Line items As previously Adjustments As revised Unrealized gain (loss) on securities ¥ 146,849 ¥ (99,340 ) ¥ 47,509 Unrealized gain (loss) on derivative instruments (4,756 ) 20 (4,736 ) Foreign currency translation adjustments 114,739 (2,351 ) 112,388 Pension liability adjustments 36,458 (812 ) 35,646 Total other comprehensive income (loss) 293,290 (102,483 ) 190,807 Total comprehensive income (loss) 1,003,029 (104,622 ) 898,407 Total comprehensive income (loss) attributable to NTT 774,438 (87,595 ) 686,843 |
Marketable securities and oth38
Marketable securities and other investments (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Aggregate Carrying Amounts, Gross Unrealized Holding Gains, Gross Unrealized Holding Losses and Fair Value of Available-For-Sale and Held-To-Maturity Securities | The aggregate carrying amounts, gross unrealized holding gains, gross unrealized holding losses and fair value of available-for-sale and held-to-maturity securities at March 31, 2014 and 2015 are as follows: March 31, 2014 Cost Gross Gross Fair value Millions of yen Available-for-sale: Equity securities ¥ 134,819 ¥ 128,150 ¥ 376 ¥ 262,593 Debt securities 55,650 1,541 202 56,989 Held-to-maturity: Commercial paper* 2,212 — — 2,212 Other debt securities 3,933 24 — 3,957 Total ¥ 196,614 ¥ 129,715 ¥ 578 ¥ 325,751 * Commercial paper is included “Cash and cash equivalents” totaling ¥2,212 million. March 31, 2015 Cost Gross Gross Fair value Millions of yen Available-for-sale: Equity securities ¥ 153,933 ¥ 232,814 ¥ 1,425 ¥ 385,322 Debt securities 68,420 1,534 337 69,617 Held-to-maturity: Commercial paper* 802 — — 802 Other debt securities 4,729 46 — 4,775 Total ¥ 227,884 ¥ 234,394 ¥ 1,762 ¥ 460,516 * Commercial paper is included “Cash and cash equivalents” totaling ¥802 million. |
Loss on Investments | Gross unrealized holding losses and the fair value of available-for-sale securities and held-to-maturity securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014 and 2015 are as follows: March 31, 2014 Less than 12 months 12 months or longer Fair value Gross Fair value Gross Millions of yen Available-for-sale: Equity securities ¥ 7,433 ¥ 269 ¥ 946 ¥ 107 Debt securities 996 54 649 148 Held-to-maturity: Debt securities — — — — March 31, 2015 Less than 12 months 12 months or longer Fair value Gross Fair value Gross Millions of yen Available-for-sale: Equity securities ¥ 7,248 ¥ 1,417 ¥ 45 ¥ 8 Debt securities 15,013 322 135 15 Held-to-maturity: Debt securities — — — — |
Schedule of Proceeds and Gross Realized Gains and Losses | Proceeds, gross realized gains and losses from sales of available-for-sale securities for each of the three years in the period ended March 31, 2015 are as follows: 2013 2014 2015 Millions of yen Proceeds ¥ 4,433 ¥ 4,074 ¥ 10,117 Gross realized gain 2,264 2,345 5,158 Gross realized loss 37 49 875 |
Maturities of Debt Securities Classified as Held-To-Maturity | Maturities of debt securities classified as held-to-maturity at March 31, 2014 and 2015 are as follows. March 31, 2014 March 31, 2015 Carrying Fair Carrying Fair Millions of yen Due within 1 year ¥ 2,212 ¥ 2,212 ¥ 1,968 ¥ 1,972 Due after 1 year through 5 years 2,519 2,531 1,624 1,629 Due after 5 years through 10 years 939 939 1,638 1,650 Due after 10 years 475 487 301 326 Total ¥ 6,145 ¥ 6,169 ¥ 5,531 ¥ 5,577 |
Goodwill, Software and other 39
Goodwill, Software and other intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Changes in Goodwill by Reportable Segment | The changes in goodwill by reportable segment for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Long distance and Mobile Data Other Total Millions of yen Balance at March 31, 2013 ¥ 204,879 ¥ 445,729 ¥ 171,037 ¥ 2,571 ¥ 824,216 Goodwill acquired during year 122,522 34,811 29,333 — 186,666 Impairment losses — — — — — Foreign currency translation adjustments 42,278 11,559 21,917 — 75,754 Other — — — — — Balance at March 31, 2014 ¥ 369,679 ¥ 492,099 ¥ 222,287 ¥ 2,571 ¥ 1,086,636 2015 Long distance and Mobile Data Other Total Millions of yen Balance at March 31, 2014 ¥ 369,679 ¥ 492,099 ¥ 222,287 ¥ 2,571 ¥ 1,086,636 Goodwill acquired during year 37,799 — 2,870 — 40,669 Impairment losses (3,464 ) — — — (3,464 ) Foreign currency translation adjustments 44,312 5,918 19,118 — 69,348 Other (6,226 ) (802 ) — — (7,028 ) Balance at March 31, 2015 ¥ 442,100 ¥ 497,215 ¥ 244,275 ¥ 2,571 ¥ 1,186,161 |
Schedule of Major Components of Software and Other Intangible Assets | The following table presents the major components of software and other intangible assets as of March 31, 2014 and 2015. 2014 2015 Millions of yen Amortizable intangible assets: Computer software ¥ 5,954,842 ¥ 6,129,753 Rights to use utility facilities 336,510 337,496 Other 447,812 489,844 Accumulated amortization (5,099,133 ) (5,390,151 ) Total amortizable intangible assets 1,640,031 1,566,942 Non-amortizable intangible assets: Trademarks and trade names 54,283 55,859 Rights to acquire the building 16,792 16,792 Other — 21,915 Total non-amortizable intangible assets 71,075 94,566 Total ¥ 1,711,106 ¥ 1,661,508 |
Estimated Aggregate Amortization Expenses for Intangible Assets During Next Five Years | The estimated aggregate amortization expenses for intangible assets during each of the five years ending March 31 are as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 407,510 2017 334,830 2018 260,752 2019 189,563 2020 124,508 |
Short-term borrowings and lon40
Short-term borrowings and long-term debt (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Short-Term Borrowings | Short-term borrowings at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Borrowings denominated in Japanese yen: Unsecured short-term loans from financial institutions bearing interest at weighted average rates of 0.33% and 0.26% per annum at March 31, 2014 and 2015, respectively ¥ 49,909 ¥ 39,238 Commercial paper bearing interest at weighted average rates of 0.08% and 0.09% per annum at March 31, 2014 and 2015, respectively 89,000 206,993 Borrowing denominated in foreign currencies: Unsecured short-term loans from financial institutions 129,835 84,192 Commercial paper 700 — Total short-term debt ¥ 269,444 ¥ 330,423 |
Schedule of Long-Term Debt | Long-term debt at March 31, 2014 and 2015 comprised the following: 2014 2015 Millions of yen Debt denominated in Japanese yen: 0.15% – 2.06% coupon bonds due 2015 – 2031 ¥ 1,795,967 ¥ 1,700,969 0.42% floating rate bond due 2022 100 100 Secured indebtedness to financial institutions— 0.70% (weighted average) loans due 2015 – 2029 61,382 49,408 0.30% (weighted average) floating rate loans due 2018 – 2026 — 18,744 Unsecured indebtedness to financial institutions— 0.99% (weighted average) loans due 2015 – 2031 1,599,342 1,683,994 0.28% (weighted average) floating rate loans due 2015 – 2026 98,130 88,309 3,554,921 3,541,524 Debt denominated in foreign currencies: 0.89% – 2.15% U.S. dollar notes due 2016 – 2020 182,889 213,250 0.69% floating rate U.S. dollar notes due 2019 — 24,034 Unsecured indebtedness to financial institutions— 0.68% (weighted average) U.S. dollar floating rate loans due 2015 – 2029 98,716 164,010 0.88% (weighted average) U.K. pound floating rate loans due 2016 – 2018 18,918 17,987 0.97% (weighted average) Euro loans due 2015 – 2025 6,938 50,084 0.71% (weighted average) Euro floating rate loans due 2015 – 2020 6,367 16,701 Other loans due 2015 – 2033 40,691 31,844 354,519 517,910 Total long-term debt principal 3,909,440 4,059,434 Less—Deferred bond discounts (416 ) (330 ) 3,909,024 4,059,104 Less—Current portion (425,351 ) (370,279 ) Total long-term debt ¥ 3,483,673 ¥ 3,688,825 |
Schedule of Maturities of Long-Term Debt | The balance of long-term debt as of March 31, 2015, and the aggregate amounts of annual maturities from the fiscal year ending March 31, 2016 to the fiscal year ending March 31, 2020 and thereafter are as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 370,279 2017 474,807 2018 683,159 2019 598,374 2020 445,719 Thereafter 1,486,766 Total ¥ 4,059,104 |
Employees' retirement benefits
Employees' retirement benefits (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Non Contributory Funded Contract Type Corporate Pension Plans | |
Schedule of Reconciliation of Changes in Plans' Benefit Obligations and Fair Value of Plan Assets | The following table presents the reconciliation of the changes in the plans’ benefit obligations and fair value of plan assets during the fiscal years ended March 31, 2014 and 2015. NTT uses a March 31 measurement date. 2014 2015 Millions of yen Change in benefit obligations: Benefit obligation, beginning of year ¥ 2,012,924 ¥ 1,903,160 Service cost 72,631 65,160 Interest cost 30,021 25,510 Actuarial loss (gain) (46,672 ) 54,522 Other 7,249 (11,992 ) Benefit payments - Lump-sum severance payments and Pension (172,993 ) (156,391 ) Benefit obligation, end of year 1,903,160 1,879,969 Change in fair value of plan assets: Fair value of plan assets, beginning of year 1,125,165 1,130,188 Actual return on plan assets 71,150 96,646 Employer contributions 42,130 3,028 Other 2,967 1,571 Benefit payments - Pension (111,224 ) (108,697 ) Fair value of plan assets, end of year 1,130,188 1,122,736 At March 31: Under-funded status ¥ (772,972 ) ¥ (757,233 ) |
Schedule of Amounts Recognized in Consolidated Balance Sheets | The following table presents the amounts recognized in the consolidated balance sheets: 2014 2015 Millions of yen At March 31: Liability for employees’ retirement benefits ¥ (831,192 ) ¥ (869,635 ) Other assets 58,220 112,402 Accumulated other comprehensive loss (income) 189,737 162,053 Net amount recognized ¥ (583,235 ) ¥ (595,180 ) |
Schedule of Amounts Recognized as Accumulated Other Comprehensive Loss (Income) | The following table provides the amounts recognized as accumulated other comprehensive loss (income): 2014 2015 Millions of yen At March 31: Net actuarial loss ¥ 193,727 ¥ 164,108 Transition obligation 609 453 Prior service cost ( * ) (4,599 ) (2,508 ) Total ¥ 189,737 ¥ 162,053 (*) Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plans. |
Schedule of Projected Benefit Obligation and Fair Value of Plan Assets in Plans with Projected Benefit Obligations in Excess of Fair Value of Plan Assets | The projected benefit obligation and the fair value of plan assets in the plans with projected benefit obligations in excess of fair value of plan assets at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen At March 31: Projected benefit obligation ¥ 1,897,092 ¥ 1,873,427 Fair value of plan assets 1,123,514 1,113,285 |
Schedule of Accumulated Benefit Obligation and Fair Value of Plan Assets in Plans with Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | The accumulated benefit obligation and the fair value of plan assets in the plans with accumulated benefit obligations in excess of fair value of plan assets at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen At March 31: Accumulated benefit obligation ¥ 1,897,090 ¥ 1,873,425 Fair value of plan assets 1,123,514 1,113,285 |
Schedule of Charges to Income for Employees' Retirement Benefits | The charges to income for employees’ retirement benefits for each of the three years in the period ended March 31, 2015 included the following components: 2013 2014 2015 Millions of yen Service cost ¥ 72,628 ¥ 72,631 ¥ 65,160 Interest cost on projected benefit obligation 37,511 30,021 25,510 Expected return on plan assets (21,179 ) (22,069 ) (22,027 ) Amortization of net actuarial loss 16,891 7,694 3,463 Amortization of transition obligation 167 167 156 Amortization of prior service cost (5,266 ) (3,997 ) (1,468 ) Curtailment gain from the change in pension plans — (12,966 ) — Total ¥ 100,752 ¥ 71,481 ¥ 70,794 |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized as Other Comprehensive Loss (Income) | Other changes in plan assets and benefit obligations recognized as other comprehensive loss (income) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Other comprehensive loss (income) Net gain arising during period ¥ (95,681 ) ¥ (20,097 ) Amortization of net actuarial loss (7,694 ) (3,463 ) Amortization of transition obligation (167 ) (156 ) Accrued prior service cost — — Amortization of prior service cost 3,997 1,468 Reclassification of prior service cost due to curtailment 12,894 — Other (1,081 ) (5,436 ) Total ¥ (87,732 ) ¥ (27,684 ) |
Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost | The following table presents the weighted-average assumptions used to determine the benefit obligations and net periodic benefit cost: 2013 2014 2015 Weighted-average assumption used to determine benefit obligations at March 31 Discount rate 1.5 % 1.4 % 1.0 % Rate of compensation increase 2.4-3.4 % 2.4-4.0 % 2.4-4.0 % Weighted-average assumption used to determine net periodic benefit cost for years ended March 31 Discount rate 1.9 % 1.5 % 1.4 % Rate of compensation increase 2.4-3.4 % 2.4-3.4 % 2.4-4.0 % Expected long-term return on plan assets 2.0 % 2.0 % 2.0 % |
Schedule of Fair Values of Pension Plan Assets | The following table presents the fair values of pension plan assets of contract-type corporate pension plans as of March 31, 2014 and 2015. Descriptions of fair value hierarchy and the inputs used in measuring fair value are presented in note 15. As of March 31, 2014 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 4,900 ¥ 4,900 — — Debt securities Japanese government bonds/local government bonds 288,204 284,344 3,860 — Domestic corporate bonds 93,119 — 93,119 — Foreign government bonds 75,793 74,756 1,037 — Foreign corporate bonds 2,102 515 1,587 — Equity securities Domestic 105,135 105,135 — — Foreign 81,700 81,700 — — Securities investment trust Domestic/debt securities 11,493 — 11,493 — Domestic/equity securities 9,952 — 9,952 — Foreign/debt securities 7,496 — 7,496 — Foreign/equity securities 10,045 — 10,045 — Pooled funds 229,723 — 229,723 — Life insurance company general accounts 208,349 — 208,349 — Others 2,177 — 4 2,173 Total ¥ 1,130,188 ¥ 551,350 ¥ 576,665 ¥ 2,173 As of March 31, 2015 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 4,796 ¥ 4,796 — — Debt securities Japanese government bonds/local government bonds 326,908 321,925 4,983 — Domestic corporate bonds 105,254 — 105,254 — Foreign government bonds 85,681 84,970 711 — Foreign corporate bonds 1,770 417 1,353 — Equity securities Domestic 118,169 118,150 19 — Foreign 82,325 82,325 — — Securities investment trust Domestic/debt securities 13,030 — 13,030 — Domestic/equity securities 10,985 — 10,985 — Foreign/debt securities 8,189 — 8,189 — Foreign/equity securities 10,809 — 10,809 — Pooled funds 150,199 — 150,199 — Life insurance company general accounts 203,026 — 203,026 — Others 1,595 — 3 1,592 Total ¥ 1,122,736 ¥ 612,583 ¥ 508,561 ¥ 1,592 |
Schedule of Estimated Future Benefit Payments | The estimated future benefit payments are as follows: Year ending March 31 Millions of yen 2016 ¥ 133,625 2017 133,657 2018 145,235 2019 135,510 2020 124,795 2021-2025 543,266 Total ¥ 1,216,088 |
NTT CDBP | |
Schedule of Reconciliation of Changes in Plans' Benefit Obligations and Fair Value of Plan Assets | The following table presents a reconciliation of the changes in the benefit obligations and fair value of assets of the NTT CDBP at March 31, 2014 and 2015. NTT uses a March 31 measurement date. 2014 2015 Millions of yen Change in benefit obligations: Benefit obligation, beginning of year ¥ 1,601,091 ¥ 1,553,265 Service cost 39,098 37,281 Interest cost 22,961 21,278 Actuarial loss (gain) 173 97,160 Plan amendment (76,050 ) — Other 122 9,293 Benefit payments (34,130 ) (34,846 ) Benefit obligation, end of year 1,553,265 1,683,431 Change in fair value of plan assets: Fair value of plan assets, beginning of year 983,336 1,056,584 Actual return on plan assets 96,590 116,626 Employer contributions 7,052 16,818 Employee contributions 3,557 3,753 Other 179 6,169 Benefits payments (34,130 ) (34,846 ) Fair value of plan assets, end of year 1,056,584 1,165,104 At March 31: Under-funded status ¥ (496,681 ) ¥ (518,327 ) |
Schedule of Amounts Recognized in Consolidated Balance Sheets | The following table provides the amounts recognized in the consolidated balance sheets: 2014 2015 Millions of yen At March 31: Liability for employees’ retirement benefits ¥ (496,681 ) ¥ (518,327 ) Accumulated other comprehensive loss 23,188 28,015 Net amount recognized ¥ (473,493 ) ¥ (490,312 ) |
Schedule of Amounts Recognized as Accumulated Other Comprehensive Loss (Income) | The following table provides the amounts recognized as accumulated other comprehensive loss (income): 2014 2015 Millions of yen At March 31: Net actuarial loss ¥ 95,549 ¥ 93,281 Prior service cost ( * ) (72,361 ) (65,266 ) Total ¥ 23,188 ¥ 28,015 (*) Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plan. |
Schedule of Charges to Income for Employees' Retirement Benefits | The charges to income for employees’ retirement benefits for each of the three years in the period ended March 31, 2015 included the following components: 2013 2014 2015 Millions of yen Service cost ¥ 37,647 ¥ 39,098 ¥ 37,281 Interest cost on projected benefit obligation 27,260 22,961 21,278 Expected return on plan assets (21,743 ) (23,871 ) (25,825 ) Amortization of net actuarial loss 15,982 15,265 5,783 Amortization of prior service cost (3,187 ) (5,512 ) (7,487 ) Employee contributions (3,573 ) (3,557 ) (3,753 ) Total ¥ 52,386 ¥ 44,384 ¥ 27,277 |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized as Other Comprehensive Loss (Income) | Other changes in plan assets and benefit obligations recognized as other comprehensive loss (income) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Other comprehensive loss (income) Net loss (gain) arising during period ¥ (72,546 ) ¥ 6,359 Amortization of net actuarial loss (15,265 ) (5,783 ) Accrued prior service cost (76,050 ) — Amortization of prior service cost 5,512 7,487 Other 1 (3,236 ) Total ¥ (158,348 ) ¥ 4,827 |
Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost | The following table presents the weighted-average assumptions used to determine the benefit obligations and net periodic benefit cost: 2013 2014 2015 Weighted-average assumption used to determine benefit obligations at Discount rate 1.5% 1.4% 1.0 % Rate of compensation increase 3.9% 3.4% 3.4 % Weighted-average assumption used to determine net periodic benefit cost for years ended March 31 Discount rate 1.9% 1.5% 1.4 % Rate of compensation increase 3.4% 3.9% 3.4 % Expected long-term return on plan assets 2.5% 2.5% 2.5 % |
Schedule of Fair Values of Pension Plan Assets | The following table presents the fair values of pension plan assets of NTT CDBP as of March 31, 2014 and 2015. Descriptions of fair value hierarchy and the inputs used in measuring fair value are presented in note 15. As of March 31, 2014 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 7,859 ¥ 7,859 — — Debt securities Japanese government bonds/local government bonds 297,645 292,603 5,042 — Domestic corporate bonds 80,603 — 80,603 — Foreign government bonds 76,442 75,534 908 — Foreign corporate bonds 1,268 161 1,107 — Equity securities Domestic 185,915 185,915 — — Foreign 114,284 114,284 — — Securities investment trust Domestic/debt securities 17,921 — 17,921 — Domestic/equity securities 25,881 — 25,881 — Foreign/debt securities 17,952 — 17,952 — Foreign/equity securities 16,522 — 16,522 — Pooled funds 92,753 — 92,753 — Life insurance company general accounts 118,487 — 118,487 — Others 3,052 — 21 3,031 Total ¥ 1,056,584 ¥ 676,356 ¥ 377,197 ¥ 3,031 As of March 31, 2015 Total Fair value measurements using Level 1 Level 2 Level 3 Millions of yen Cash and cash equivalents ¥ 8,984 ¥ 8,984 — — Debt securities Japanese government bonds/local government bonds 323,496 318,634 4,862 — Domestic corporate bonds 91,110 — 91,110 — Foreign government bonds 82,179 81,565 614 — Foreign corporate bonds 1,178 346 832 — Equity securities Domestic 214,675 214,645 30 — Foreign 124,158 124,157 — 1 Securities investment trust Domestic/debt securities 20,298 — 20,298 — Domestic/equity securities 28,994 — 28,994 — Foreign/debt securities 19,788 — 19,788 — Foreign/equity securities 18,382 — 18,382 — Pooled funds 94,532 — 94,532 — Life insurance company general accounts 134,892 — 134,892 — Others 2,438 — 2 2,436 Total ¥ 1,165,104 ¥ 748,331 ¥ 414,336 ¥ 2,437 |
Schedule of Estimated Future Benefit Payments | The estimated future benefit payments of the NTT CDBP are as follows: Year ending March 31 Millions of yen 2016 36,241 2017 38,587 2018 40,877 2019 42,277 2020 42,881 2021-2025 232,980 Total ¥ 433,843 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Income Taxes Recognized | Total income taxes recognized for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: 2013 2014 2015 Millions of yen Income from continuing operations ¥ 473,954 ¥ 486,546 ¥ 397,349 Other comprehensive income (loss) (Note 14) 51,350 98,130 50,100 Additional paid-in capital (Note 14) — — (34,823 ) Total income taxes ¥ 525,304 ¥ 584,676 ¥ 412,626 |
Schedule of Difference between Effective Income Tax Rate and Statutory Tax Rate | Reconciliations of the difference between the actual effective income tax rate of NTT Group and the statutory tax rate are as follows: Percent of income before income taxes and equity in 2013 2014 2015 Statutory tax rate 37.98 % 37.98 % 35.60 % Expenses not deductible for tax purposes 1.04 0.15 0.25 Tax credits (1.62 ) (1.40 ) (4.54 ) Net change in valuation allowance 0.95 (0.36 ) 1.26 Effect of changes in the enacted tax rates 0.77 1.45 5.19 Equity in earnings (losses) of affiliated companies (0.63 ) (1.57 ) 0.11 Other 1.08 1.34 (0.62 ) Effective tax rate 39.57 % 37.59 % 37.25 % |
Schedule of Components of Deferred Tax Assets and Liabilities | Significant components of deferred tax assets and liabilities at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Deferred tax assets: Liability for employees’ retirement benefits ¥ 474,772 ¥ 458,453 Accrued enterprise tax 18,241 12,954 Property, plant and equipment and intangible assets 381,764 349,013 Compensated absences 87,973 82,257 Accrued bonus 37,494 34,933 Unamortized purchases of leased assets 7,644 6,708 Operating loss carryforwards 197,012 201,211 Accrued liabilities for loyalty programs 61,818 45,477 Deferred revenues regarding Nikagetsu Kurikoshi 13,000 10,723 Investments in affiliates 106,989 102,848 Other 165,939 186,501 Total gross deferred tax assets 1,552,646 1,491,078 Less—Valuation allowance (259,921 ) (265,950 ) Total deferred tax assets 1,292,725 1,225,128 Deferred tax liabilities: Unrealized gains on securities (34,431 ) (64,773 ) Investment in subsidiary, principally arising upon issuance of stock (300,554 ) (226,474 ) Property, plant and equipment and intangible assets (216,869 ) (202,264 ) Investments in affiliates (58,331 ) (59,687 ) Other (39,145 ) (64,483 ) Total gross deferred tax liabilities (649,330 ) (617,681 ) Net deferred tax assets ¥ 643,395 ¥ 607,447 |
Schedule of Net Deferred Tax Assets | Net deferred tax assets at March 31, 2014 and 2015 are included in the consolidated balance sheets as follows: 2014 2015 Millions of yen Deferred income taxes (current assets) ¥ 220,662 ¥ 219,333 Deferred income taxes (investments and other assets) 661,500 589,937 Other current liabilities (5,616 ) (4,970 ) Deferred income taxes (long-term liabilities) (233,151 ) (196,853 ) Total ¥ 643,395 ¥ 607,447 |
Schedule of Deductions Used in Determining Taxable Income in Future Periods | At March 31, 2015, NTT and certain subsidiaries had operating loss carryforwards for tax purposes of ¥677,456 million, which may be used as a deduction in determining taxable income in future periods. The period available to offset future taxable income varies in each tax jurisdiction as follows: Year ending March 31, 2015 Millions of yen Within 5 years ¥ 101,082 6 to 20 years 456,556 Indefinite periods 119,818 Total ¥ 677,456 |
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2014 Millions of yen Balance at March 31, 2013 ¥ 4,356 Increase in tax position of current year 1,036 Decrease in tax position of prior year (814 ) Reductions as a result of a lapse of the applicable statute of limitations (7 ) Foreign currency translation adjustments 812 Balance at March 31, 2014 ¥ 5,383 2015 Millions of yen Balance at March 31, 2014 ¥ 5,383 Increase in tax position of current year 402 Decrease in tax position of prior year (1,010 ) Reductions as a result of a lapse of the applicable statute of limitations — Foreign currency translation adjustments 979 Balance at March 31, 2015 ¥ 5,754 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Change in Shares of Common Stock and Treasury Stock | Change in NTT’s shares of common stock and treasury stock for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Change in shares Issued shares Treasury stock Balance at March 31, 2012 1,323,197,235 99,431,812 Acquisition of treasury stock under resolution of the board of directors — 38,382,300 Acquisition of treasury stock through purchase of less-than-one-unit shares — 17,631 Resale of treasury stock to holders of less-than-one-unit shares — (9,140 ) Balance at March 31, 2013 1,323,197,235 137,822,603 Acquisition of treasury stock under resolution of the board of directors — 75,294,000 Acquisition of treasury stock through purchase of less-than-one-unit shares — 37,134 Resale of treasury stock to holders of less-than-one-unit shares — (2,930 ) Cancellation of treasury stock under resolution of the board of directors (186,500,000 ) (186,500,000 ) Balance at March 31, 2014 1,136,697,235 26,650,807 Acquisition of treasury stock under resolution of the board of directors — 51,413,227 Acquisition of treasury stock through purchase of less-than-one-unit shares — 35,570 Resale of treasury stock to holders of less-than-one-unit shares — (1,998 ) Balance at March 31, 2015 1,136,697,235 78,097,606 |
Per Share Information for Previous Fiscal Year and Current Fiscal Year | Per share information for the previous fiscal year and the current fiscal year, assuming the stock split had been carried out at the beginning of the previous fiscal year, is as follows: 2013 2014 2015 yen Weighted average number of shares outstanding (excluding treasury stock) 2,423,761,538 2,299,516,428 2,187,360,018 Net income per share attributable to NTT ¥215.34 ¥254.61 ¥236.85 Cash dividends to be paid to shareholders of record date ¥80.00 ¥85.00 ¥90.00 2014 2015 yen Number of shares outstanding (excluding treasury stock) 2,220,092,856 2,117,199,258 Shareholders’ Equity per Share ¥3,833.78 ¥4,100.63 |
Schedule of Accumulated Other Comprehensive Income (Loss) | An analysis of the changes for the fiscal years ended March 31, 2014 and 2015 in accumulated other comprehensive income (loss) is shown below: Unrealized Unrealized Foreign Pension Total Millions of yen Balance at March 31, 2013 ¥ 71,976 ¥ (2,560 ) ¥ (5,683 ) ¥ (256,665 ) ¥ (192,932 ) Other comprehensive income before reclassification 16,292 (3,595 ) 150,461 162,168 325,326 Amounts reclassified from accumulated other comprehensive income (235 ) (1,300 ) 6,010 1,073 5,548 Other comprehensive income 16,057 (4,895 ) 156,471 163,241 330,874 Less—Comprehensive income attributable to noncontrolling interests 3,322 (1,473 ) 29,949 11,178 42,976 Balance at March 31, 2014 ¥ 84,711 ¥ (5,982 ) ¥ 120,839 ¥ (104,602 ) ¥ 94,966 Unrealized Unrealized Foreign Pension Total Millions of yen Balance at March 31, 2014 ¥ 84,711 ¥ (5,982 ) ¥ 120,839 ¥ (104,602 ) ¥ 94,966 Other comprehensive income before reclassification 76,141 4,491 133,316 16,151 230,099 Amounts reclassified from accumulated other comprehensive income 167 (1,588 ) (3,453 ) 219 (4,655 ) Other comprehensive income 76,308 2,903 129,863 16,370 225,444 Less—Comprehensive income attributable to noncontrolling interests 26,907 1,730 26,270 (2,729 ) 52,178 Balance at March 31, 2015 ¥ 134,112 ¥ (4,809 ) ¥ 224,432 ¥ (85,503 ) ¥ 268,232 |
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) | The following table provides the change in accumulated other comprehensive income (loss) for the fiscal years ended March 31, 2013, 2014 and 2015: 2013 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 62,959 ¥ (20,920 ) ¥ 42,039 Less—Reclassification adjustment for realized (gain) loss included in net income 8,939 (3,469 ) 5,470 Net change in unrealized gain (loss) on securities 71,898 (24,389 ) 47,509 Unrealized gain (loss) on derivative instruments arising during the period ¥ (2,371 ) ¥ (790 ) ¥ (3,161 ) Less—Reclassification adjustment for realized (gain) loss included in net income (2,457 ) 882 (1,575 ) Net change in unrealized gain (loss) on derivative instruments (4,828 ) 92 (4,736 ) Foreign currency translation adjustments arising during the period ¥ 126,695 ¥ (14,450 ) ¥ 112,245 Less—Reclassification adjustment for realized (gain) loss included in net income 223 (80 ) 143 Net change in foreign currency translation adjustments 126,918 (14,530 ) 112,388 Pension liability adjustments arising during period ¥ 24,914 ¥ (5,852 ) ¥ 19,062 Prior service cost arising during period (178 ) 63 (115 ) Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 32,943 (10,305 ) 22,638 Amortization of transition obligation 169 (61 ) 108 Amortization of prior service cost (8,470 ) 2,877 (5,593 ) Reclassification of prior service cost due to curtailment — — — Other (665 ) 211 (454 ) Net change in pension liability adjustments 48,713 (13,067 ) 35,646 2014 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 26,518 ¥ (10,226 ) ¥ 16,292 Less—Reclassification adjustment for realized (gain) loss included in net income (426 ) 191 (235 ) Net change in unrealized gain (loss) on securities 26,092 (10,035 ) 16,057 Unrealized gain (loss) on derivative instruments arising during the period ¥ (3,988 ) ¥ 393 ¥ (3,595 ) Less—Reclassification adjustment for realized (gain) loss included in net income (2,018 ) 718 (1,300 ) Net change in unrealized gain (loss) on derivative instruments (6,006 ) 1,111 (4,895 ) Foreign currency translation adjustments arising during the period ¥ 156,586 ¥ (6,125 ) ¥ 150,461 Less—Reclassification adjustment for realized (gain) loss included in net income 9,489 (3,479 ) 6,010 Net change in foreign currency translation adjustments 166,075 (9,604 ) 156,471 Pension liability adjustments arising during period ¥ 165,474 ¥ (53,301 ) ¥ 112,173 Prior service cost arising during period 76,050 (26,409 ) 49,641 Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 23,015 (7,450 ) 15,565 Amortization of transition obligation 169 (61 ) 108 Amortization of prior service cost (9,527 ) 3,290 (6,237 ) Reclassification of prior service cost due to curtailment (12,894 ) 4,531 (8,363 ) Other 556 (202 ) 354 Net change in pension liability adjustments 242,843 (79,602 ) 163,241 2015 Pre-tax Tax benefit / Net-of-tax Millions of yen Unrealized gain (loss) on securities arising during the period ¥ 115,793 ¥ (39,652 ) ¥ 76,141 Less—Reclassification adjustment for realized (gain) loss included in net income 260 (93 ) 167 Net change in unrealized gain (loss) on securities 116,053 (39,745 ) 76,308 Unrealized gain (loss) on derivative instruments arising during the period ¥ 5,103 ¥ (612 ) ¥ 4,491 Less—Reclassification adjustment for realized (gain) loss included in net income (2,460 ) 872 (1,588 ) Net change in unrealized gain (loss) on derivative instruments 2,643 260 2,903 Foreign currency translation adjustments arising during the period ¥ 140,542 ¥ (7,226 ) ¥ 133,316 Less—Reclassification adjustment for realized gain included in net income (3,453 ) — (3,453 ) Net change in foreign currency translation adjustments 137,089 (7,226 ) 129,863 Pension liability adjustments arising during period ¥ 11,460 ¥ (1,452 ) ¥ 10,008 Prior service cost arising during period — — — Less—Reclassification adjustment, Amortization of net actuarial loss (gain) 9,446 (2,994 ) 6,452 Amortization of transition obligation 156 (54 ) 102 Amortization of prior service cost (8,971 ) 2,636 (6,335 ) Reclassification of prior service cost due to curtailment — — — Other 7,668 (1,525 ) 6,143 Net change in pension liability adjustments 19,759 (3,389 ) 16,370 |
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Reclassifications out of accumulated other comprehensive income (loss) for the fiscal year ended March 31, 2014 and 2015 was as follows: Amounts reclassified from Affected line items in consolidated statements of 2014 2015 Millions of yen Unrealized gain (loss) on securities ¥ 426 ¥ (62 ) Other, net (191 ) 93 Income tax expense (benefit) — (198 ) Equity in earnings (losses) of affiliated companies ¥ 235 ¥ (167 ) Net income Unrealized gain (loss) on derivative instruments ¥ 2,110 ¥ 2,494 Other, net (718 ) (872 ) Income tax expense (benefit) (92 ) (34 ) Equity in earnings (losses) of affiliated companies ¥ 1,300 ¥ 1,588 Net income Foreign currency translation adjustments ¥ (7 ) ¥ 3,453 Other, net 3,479 — Income tax expense (benefit) (9,482 ) — Equity in earnings (losses) of affiliated companies ¥ (6,010 ) ¥ 3,453 Net income Pension liability adjustments ¥ (763 ) ¥ (631 ) * (310 ) 412 Income tax expense (benefit) ¥ (1,073 ) ¥ (219 ) Net income Total ¥ (5,548 ) ¥ 4,655 Net income * Amounts reclassified from pension liability adjustments are included in the computation of net periodic pension cost. |
Net Income Attributable to NTT and Increase in Additional Paid in Capital as Result of Equity Transactions with Noncontrolling Interests | The changes for the fiscal year ended March 31, 2013, 2014 and 2015 in Net income attributable to NTT and Increase in Additional paid in capital as a result of Equity transactions with noncontrolling interests are shown below: 2013 2014 2015 Millions of yen Net income attributable to NTT ¥ 521,932 ¥ 585,473 ¥ 518,066 Transfers (to) from the noncontrolling interests: Increase in additional paid-in capital attributable to tax effect by NTT DOCOMO’s share repurchase of its common stock (Note 12) — — 34,823 Decrease in additional paid-in capital attributable to change in NTT’s ownership interest by NTT DOCOMO’s share repurchase of its common stock — — (14,802 ) Other (4,553 ) (1,069 ) (2,600 ) Total (4,553 ) (1,069 ) 17,421 Change from net income attributable to NTT’s shareholders and transfers from the noncontrolling interests ¥ 517,379 ¥ 584,404 ¥ 535,487 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and 2015 are as follows: 2014 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level3 ( 3) Millions of yen Assets Available-for-sale securities: Domestic equity securities ¥ 126,422 ¥ 126,419 ¥ 3 ¥ — Foreign equity securities 136,171 136,171 — — Domestic debt securities 27,745 212 24,821 2,712 Foreign debt securities 29,244 10 29,234 — Derivatives: Forward exchange contracts 1,048 — 1,048 — Interest rate swap agreements 664 — 664 — Currency swap agreements 34,805 — 34,805 — Currency option agreements 290 — 290 — Liabilities Derivatives: Forward exchange contracts 522 — 522 — Interest rate swap agreements 2,043 — 2,043 — Currency swap agreements 571 — 571 — Currency option agreements ¥ 85 ¥ — ¥ 85 ¥ — There were no transfers between Level 1 and Level 2. Level 3 reconciliation is not disclosed, since the amounts in Level 3 are immaterial. 2015 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Millions of yen Assets Available-for-sale securities: Domestic equity securities ¥ 227,001 ¥ 227,001 ¥ — ¥ — Foreign equity securities 158,321 158,321 — — Domestic debt securities 29,204 202 28,716 286 Foreign debt securities 40,413 11 40,402 — Derivatives: Forward exchange contracts 2,537 — 2,537 — Interest rate swap agreements 1 — 1 — Currency swap agreements 76,638 — 76,638 — Currency option agreements 474 — 474 — Forward contracts — — — — Liabilities Derivatives: Forward exchange contracts 753 — 753 — Interest rate swap agreements 3,327 — 3,327 — Currency swap agreements 777 — 777 — Currency option agreements 80 — 80 — Forward contracts ¥ 145 ¥ — ¥ 145 ¥ — (*1) Quoted prices for identical assets or liabilities in active markets (*2) Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data (*3) Unobservable inputs |
Schedule of Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | Assets and liabilities measured at fair value on a nonrecurring basis for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Impairment (before tax) Millions of yen Assets Real estate ¥ 2,888 ¥ — ¥ — ¥ 2,888 ¥ 651 Investments in affiliated companies 44,968 — — 44,968 51,279 Cost method investments 128 — — 128 2,108 Long-lived assets 9,135 — — 9,135 5,738 2015 Fair value measurements using Total Level 1 ( 1) Level 2 ( 2) Level 3 ( 3) Impairment (before tax) Millions of yen Assets Real estate ¥ 7,999 ¥ — ¥ — ¥ 7,999 ¥ 1,187 Cost method investments 116 — — 116 2,016 Goodwill 2,136 — — 2,136 3,464 Long-lived assets 3,518 — 107 3,411 38,739 (*1) Quoted prices for identical assets or liabilities in active markets (*2) Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data (*3) Unobservable inputs |
Segment and geographic inform45
Segment and geographic information (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Operating Revenue | Operating revenue: Year Ended March 31 2013 2014 2015 Millions of yen Operating revenue: Regional communications business— External customers ¥ 3,204,258 ¥ 3,129,362 ¥ 3,032,292 Intersegment 455,562 442,948 473,227 Total 3,659,820 3,572,310 3,505,519 Long distance and international communications business— External customers 1,554,706 1,713,439 1,906,784 Intersegment 103,241 96,463 91,857 Total 1,657,947 1,809,902 1,998,641 Mobile communications business— External customers 4,431,032 4,422,614 4,340,317 Intersegment 39,090 38,589 43,080 Total 4,470,122 4,461,203 4,383,397 Data communications business— External customers 1,154,143 1,221,481 1,401,348 Intersegment 149,373 122,374 109,671 Total 1,303,516 1,343,855 1,511,019 Other— External customers 356,601 438,278 414,576 Intersegment 895,261 890,248 857,664 Total 1,251,862 1,328,526 1,272,240 Elimination (1,642,527 ) (1,590,622 ) (1,575,499 ) Consolidated total ¥ 10,700,740 ¥ 10,925,174 ¥ 11,095,317 |
Schedule of Segment Profit | Segment profit: Year Ended March 31 2013 2014 2015 Millions of yen Segment profit: Regional communications business ¥ 92,965 ¥ 127,240 ¥ 168,860 Long distance and international communications business 121,293 127,476 113,568 Mobile communications business 836,446 817,230 635,751 Data communications business 85,818 67,916 86,361 Other 53,257 56,098 67,481 Total segment profit 1,189,779 1,195,960 1,072,021 Elimination 12,189 17,693 12,545 Consolidated operating income 1,201,968 1,213,653 1,084,566 Other income 92,995 172,082 49,408 Other expenses 97,316 91,540 67,345 Consolidated income before income taxes and equity in earnings (losses) of affiliated companies ¥ 1,197,647 ¥ 1,294,195 ¥ 1,066,629 Equity in earnings (losses) of affiliated companies: Regional communications business ¥ 213 ¥ 203 ¥ (59 ) Long distance and international communications business 622 1,895 916 Mobile communications business (35,885 ) (78,311 ) (14,798 ) Data communications business 106 228 87 Other 18,851 25,193 19,743 Consolidated total ¥ (16,093 ) ¥ (50,792 ) ¥ 5,889 |
Schedule of Segment Assets | Segment assets: As of March 31 2013 2014 2015 Millions of yen Segment Assets: Regional communications business ¥ 7,337,100 ¥ 7,162,076 ¥ 7,041,285 Long distance and international communications business 1,871,626 2,314,780 2,609,666 Mobile communications business 7,336,070 7,676,820 7,326,360 Data communications business 1,597,446 1,774,562 1,930,349 Other 10,422,450 10,664,076 10,589,357 Total segment assets 28,564,692 29,592,314 29,497,017 Elimination (9,015,625 ) (9,307,365 ) (8,794,590 ) Consolidated total ¥ 19,549,067 ¥ 20,284,949 ¥ 20,702,427 (Note) Elimination includes offsetting the carrying amount of the parent’s investment in each subsidiary and the parent’s portion of equity of each subsidiary. Goodwill resulting from an acquisition is included in segment assets of the respective business in which the acquired business has been included. See note 9. |
Schedule of Other Significant Items | Other significant items: Year Ended March 31 2013 2014 2015 Millions of yen Depreciation and amortization: Regional communications business ¥ 794,246 ¥ 751,906 ¥ 734,518 Long distance and international communications business 142,309 149,734 162,610 Mobile communications business 701,658 719,132 663,344 Data communications business 137,961 135,358 148,927 Other 117,451 118,415 113,814 Total segment 1,893,625 1,874,545 1,823,213 Elimination 5,620 5,748 4,785 Consolidated total ¥ 1,899,245 ¥ 1,880,293 ¥ 1,827,998 Capital investments for segment assets: Regional communications business ¥ 786,004 ¥ 722,829 ¥ 666,164 Long distance and international communications business 147,503 168,413 198,112 Mobile communications business 753,660 703,124 661,765 Data communications business 122,113 147,725 140,900 Other 160,695 150,672 150,582 Consolidated total ¥ 1,969,975 ¥ 1,892,763 ¥ 1,817,523 Point program expenses: Regional communications business ¥ 5,801 ¥ 7,713 ¥ 8,803 Long distance and international communications business 1,321 484 1,335 Mobile communications business 74,651 70,837 67,705 Consolidated total ¥ 81,773 ¥ 79,034 ¥ 77,843 Goodwill impairment losses: Long distance and international communications business 23,042 — 3,464 Mobile communications business 7,281 — — Data communications business — — — Consolidated total ¥ 30,323 ¥ — ¥ 3,464 Impairment of long-lived assets: Regional communications business 347 36 1,640 Long distance and international communications business 648 279 1,732 Mobile communications business 1,851 — 30,161 Data communications business 1,719 3,526 2,358 Other 851 1,897 2,848 Consolidated total ¥ 5,416 ¥ 5,738 ¥ 38,739 |
Schedule of Operating Revenue | Transfers between operating segments are made at arm’s-length prices. Operating income is operating revenue less costs and operating expenses. Geographic information: Year Ended March 31 2013 2014 2015 Millions of yen Operating revenue: Domestic ¥ 9,746,669 ¥ 9,729,179 ¥ 9,509,891 Foreign 954,071 1,195,995 1,585,426 Consolidated total ¥ 10,700,740 ¥ 10,925,174 ¥ 11,095,317 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Capital Leased Assets | Assets acquired under capital leases at March 31, 2014 and 2015 are as follows: Class of property 2014 2015 Millions of yen Buildings ¥ 10,291 ¥ 18,757 Machinery, vehicles and tools 88,282 86,695 Accumulated depreciation (55,791 ) (59,554 ) Total ¥ 42,782 ¥ 45,898 |
Schedule of Future Minimum Lease Payments for Capital Leases | Future minimum lease payments by year under capital leases together with the present value of the net minimum lease payments at March 31, 2015 are as follows: Year ending March 31 Millions of yen 2016 ¥ 21,900 2017 16,968 2018 11,480 2019 6,579 2020 3,601 Thereafter 8,653 Total minimum lease payments 69,181 Less—Amount representing interest 14,195 Present value of net minimum lease payments 54,986 Less—Current obligation 20,604 Long-term capital lease obligations ¥ 34,382 |
Schedule of Future Minimum Rental Payments for Operating Leases | Minimum future rental payments under operating leases that have initial or remaining non-cancellable lease terms in excess of one year at March 31, 2015 are as follows. Year ending March 31 Millions of yen 2016 ¥ 38,230 2017 28,367 2018 21,203 2019 16,341 2020 10,571 Thereafter 22,410 Total ¥ 137,122 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Changes in Fair Value of Derivatives Designated as Fair Value Hedges and Hedged Items Recognized in Consolidated Statements Of Income | Changes in the fair value of the derivatives designated as fair value hedges and the hedged items recognized in the consolidated statements of income for the fiscal year ended March 31, 2013, 2014 and 2015 are as follows: 2013 Consolidated statements of income item Changes in Changes in Millions of yen Other, net ¥ (0 ) ¥ 0 2014 Consolidated statements of income item Changes in Changes in Millions of yen Other, net ¥ 57 ¥ (57 ) 2015 Consolidated statements of income item Changes in Changes in the hedged items Millions of yen Other, net ¥ (57 ) ¥ 57 |
Schedule of Changes in Fair Value of Cash Flow Hedges Recorded in Other Comprehensive Income (Loss) | Changes in the fair value of cash flow hedges recorded in other comprehensive income (loss) for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ (311 ) ¥ 67 Interest rate swap agreements (136 ) (1,457 ) Currency swap agreements (5,040 ) 1,611 Total ¥ (5,487 ) ¥ 221 |
Schedule of Amounts of Gain (Loss) on Cash Flow Hedges Reclassified from Accumulated Other Comprehensive Income (Loss) into Net Income | Amounts of gain (loss) on cash flow hedges reclassified from accumulated other comprehensive income (loss) into net income for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Consolidated income item 2013 2014 2015 Millions of yen Forward exchange contracts Other, net ¥ 9 ¥ 121 ¥ (1,990 ) Interest rate swap agreements Other, net (914 ) (576 ) (1,001 ) Currency swap agreements Other, net 3,362 2,565 5,485 Total ¥ 2,457 ¥ 2,110 ¥ 2,494 |
Schedule of Changes in Fair Value of Derivatives Not Designated as Hedging Instruments Recorded in Consolidated Statements Of Income | Changes in the fair value of the derivatives not designated as hedging instruments recorded in the consolidated statements of income for the fiscal years ended March 31, 2013, 2014 and 2015 are as follows: Consolidated income item 2013 2014 2015 Millions of yen Forward exchange contracts Other, net ¥ (815 ) ¥ 1,779 ¥ (1,613 ) Interest rate swap agreements Other, net 152 575 (432 ) Currency swap agreements Other, net (34 ) 1,460 (1,457 ) Currency option agreements Other, net 727 585 201 Forward contracts Other, net — — (145 ) Total 30 4,399 (3,446 ) |
Schedule of Estimated Fair Value of Financial Instruments | The table that follows provides the estimated fair value of financial instruments. Assets and liabilities with carrying amounts that approximate fair values, such as cash and cash equivalents, notes and accounts receivable, trade, short-term borrowings, accounts payable, trade, and accrued payroll are not included in the table. Fair value information regarding “Marketable securities and other investments” is disclosed in note 8. 2014 2015 Carrying Fair value Carrying Fair value Millions of yen Long-term debt including current portion ¥ 3,909,024 ¥ 4,108,377 ¥ 4,059,104 ¥ 4,200,707 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair value of derivative instruments and amounts recognized in the consolidated balance sheets at March 31, 2014 and 2015 are as follows. The fair value of derivative instruments are measured by inputs derived principally from observable market data provided by financial institutions. 2014 2015 Millions of yen Assets Derivatives designated as hedging instruments: Forward exchange contracts Prepaid expenses and other current assets ¥ 382 ¥ 1,437 Other assets — 219 Interest rate swap agreements Prepaid expenses and other current assets 60 — Currency swap agreements Other assets 33,349 76,638 Subtotal 33,791 78,294 Derivatives not designated as hedging instruments: Forward exchange contracts Prepaid expenses and other current assets 579 879 Other assets 88 2 Interest rate swap agreements Prepaid expenses and other current assets — 0 Other assets 604 1 Currency swap agreements Prepaid expenses and other current assets 1,456 — Currency option agreements Prepaid expenses and other current assets 8 — Other assets 282 474 Subtotal 3,017 1,356 Total ¥ 36,808 ¥ 79,650 2014 2015 Millions of yen Liabilities Derivatives designated as hedging instruments: Forward exchange contracts Other (Current liabilities) ¥ 13 ¥ 1 Interest rate swap agreements Other (Current liabilities) 26 125 Other (Long-term liabilities) 1,439 2,795 Currency swap agreements Other (Long-term liabilities) 571 777 Subtotal 2,049 3,698 Derivatives not designated as hedging instruments: Forward exchange contracts Other (Current liabilities) 473 469 Other (Long-term liabilities) 35 284 Interest rate swap agreements Other (Current liabilities) 124 211 Other (Long-term liabilities) 454 196 Currency option agreements Other (Current liabilities) 11 — Other (Long-term liabilities) 74 80 Forward contracts Other (Current liabilities) — 145 Subtotal 1,171 1,385 Total ¥ 3,220 ¥ 5,083 |
Designated as Hedging Instrument | |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional principal amounts of cash flow hedges at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ 8,442 ¥ 20,022 Interest rate swap agreements 78,242 138,912 Currency swap agreements ¥ 147,798 ¥ 209,968 |
Not Designated as Hedging Instrument | |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional principal amounts of the derivatives not designated as hedging instruments at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Forward exchange contracts ¥ 49,125 ¥ 64,466 Interest rate swap agreements 337,010 271,471 Currency swap agreements 4,300 — Currency option agreements 85,338 48,740 Forward contracts — 3,499 |
Financing receivables (Tables)
Financing receivables (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Allowance for Credit Losses and Financing Receivables | Rollforward of allowance for credit losses and recorded investment in financing receivables for the fiscal years ended March 31, 2014 and 2015 are as follows: 2014 Installment Lease Loans Credit Others Total Millions of yen Allowance for credit losses: Balance at March 31, 2013 ¥ 6,829 ¥ 11,423 ¥ 6,154 ¥ 3,390 ¥ 107 ¥ 27,903 Provision (797 ) (1,384 ) (981 ) 1,551 3,898 2,287 Charge off (1,351 ) (1,820 ) (175 ) (1,953 ) — (5,299 ) Recovery 6 112 2 3 — 123 Balance at March 31, 2014 4,687 8,331 5,000 2,991 4,005 25,014 collectively evaluated for impairment 4,387 3,155 1,360 2,991 1 11,894 individually evaluated for impairment 300 5,176 3,640 — 4,004 13,120 Financing receivable: Balance at March 31, 2014 796,039 355,374 111,316 266,976 4,213 1,533,918 collectively evaluated for impairment 795,693 349,716 103,010 266,976 170 1,515,565 individually evaluated for impairment 346 5,658 8,306 — 4,043 18,353 2015 Installment Lease Loans Credit Others Total Millions of yen Allowance for credit losses: Balance at March 31, 2014 ¥ 4,687 ¥ 8,331 ¥ 5,000 ¥ 2,991 ¥ 4,005 ¥ 25,014 Provision 1,161 (971 ) (1,774 ) 6,008 683 5,107 Charge off (194 ) (1,228 ) (2,265 ) (2,082 ) — (5,769 ) Recovery 4 78 — 3 — 85 Balance at March 31, 2015 5,658 6,210 961 6,920 4,688 24,437 collectively evaluated for impairment 5,382 2,095 344 6,920 1 14,742 individually evaluated for impairment 276 4,115 617 — 4,687 9,695 Financing receivable: Balance at March 31, 2015 971,269 381,086 80,895 287,305 5,199 1,725,754 collectively evaluated for impairment 970,886 376,605 79,545 287,305 450 1,714,791 individually evaluated for impairment 383 4,481 1,350 — 4,749 10,963 |
Schedule of Financing Receivables on Non Accrual Status | Financing receivables on nonaccrual status at March 31, 2014 and 2015 are as follows: 2014 2015 Millions of yen Installment sales receivable ¥ 144 ¥ 92 Lease receivable 4,447 3,728 Loans receivable 8,502 1,862 Credit receivable 801 1,034 Others 3,940 3,970 Total ¥ 17,834 ¥ 10,686 |
Age of Recorded Investment in Financing Receivables | Analysis of the age of the recorded investment in financing receivables at March 31, 2014 and 2015 are as follows: 2014 Performing Nonperforming Total Greater than 90 days and Current 1-89 days past due Greater than 90 days Millions of yen Installment sales receivable ¥ 791,923 ¥ 2,392 ¥ 1,724 ¥ 796,039 ¥ 10 Lease receivable 407,327 3,721 4,877 415,925 426 Credit receivable 263,848 2,327 801 266,976 — Others 2,895 — 3,997 6,892 — Total ¥ 1,465,993 ¥ 8,440 ¥ 11,399 ¥ 1,485,832 ¥ 436 2014 Performing Nonperforming Total Past due and Current Past due Millions of yen Loans receivable ¥ 229,570 ¥ 8,949 ¥ 238,519 ¥ — 2015 Performing Nonperforming Total Greater than 90 days and Current 1-89 days past due Greater than 90 days Millions of yen Installment sales receivable ¥ 966,759 ¥ 2,516 ¥ 1,994 ¥ 971,269 ¥ 12 Lease receivable 444,634 1,938 3,871 450,443 143 Credit receivable 280,463 5,808 1,034 287,305 — Others 1,802 — 4,029 5,831 — Total ¥ 1,693658 ¥ 10,262 ¥ 10,928 ¥ 1,714,848 ¥ 155 2015 Performing Nonperforming Total Past due and Current Past due Millions of yen Loans receivable ¥ 267,046 ¥ 2,168 ¥ 269,214 ¥ — |
Impaired Financing Receivables | Impaired financing receivables at March 31, 2014 and 2015 are as follows: 2014 Recorded Related Unpaid Principal Average Recorded Millions of yen With an allowance recorded ¥ 8,203 ¥ 3,593 ¥ 8,203 ¥ 8,176 With no related allowance recorded ¥ 319 ¥ — ¥ 704 ¥ 69 2015 Recorded Related Unpaid Principal Average Recorded Millions of yen With an allowance recorded ¥ 932 ¥ 837 ¥ 932 ¥ 4,464 With no related allowance recorded ¥ 922 ¥ — ¥ 1,141 ¥ 707 |
Commitments and contingent li49
Commitments and contingent liabilities (Tables) | 12 Months Ended |
Mar. 31, 2015 | |
Schedule of Aggregate Amount of Payments for Commitments Outstanding | The aggregate amount of payments for commitments outstanding at March 31, 2015, including commitments for purchase of property, plant and equipment and other assets is as follows: Fiscal year ending March 31 Millions of yen 2016 ¥ 690,651 2017 55,796 2018 38,176 2019 29,724 2020 4,775 Thereafter 5,507 Total ¥ 824,629 |
Nature of Operations - Addition
Nature of Operations - Additional Information (Detail) | Mar. 31, 2015 |
Japanese Government | |
Nature Of Operations [Line Items] | |
Ownership ratio of issued stock | 32.50% |
Summary of Significant Accoun51
Summary of Significant Accounting Policies - Additional Information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | Jul. 01, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Significant Accounting Policies [Line Items] | ||||
Financial impact from change in accounting estimate to Income before income taxes and equity in earnings (losses) of affiliated companies | ¥ 51,307 | ¥ 23,264 | ||
Financial impact from change in accounting estimate to Net Income attributable to NTT | ¥ 21,754 | ¥ 14,392 | ||
Financial impact from change in accounting estimate to per share of common stock of net income attributable to NTT | ¥ 19.89 | ¥ 12.52 | ||
Cash offset reflected in consolidated balance sheet | ¥ 95,556 | |||
Inventory write-down | 13,716 | ¥ 4,415 | ¥ 12,662 | |
Interest costs incurred | 47,958 | 51,460 | 58,267 | |
Interest costs, capitalized during period | ¥ 3,942 | 3,776 | ¥ 3,928 | |
Recognized income tax positions chance of being sustained, minimum | 50.00% | |||
VIEs established to develop and lease real estate | ¥ 221,000 | ¥ 217,000 | ||
Maximum | ||||
Significant Accounting Policies [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years | |||
Computer Software | Minimum | ||||
Significant Accounting Policies [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 5 years | |||
Computer Software | Maximum | ||||
Significant Accounting Policies [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years | |||
Telecommunications Network Software | ||||
Significant Accounting Policies [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years | |||
Internal-use Software | ||||
Significant Accounting Policies [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years |
Summary of Significant Accoun52
Summary of Significant Accounting Policies (The Estimated Useful Lives of Depreciable Properties) (Detail) | 12 Months Ended |
Mar. 31, 2015 | |
Digital Switch Equipment (Including Wireless Telecommunications Equipment) | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 8 years |
Digital Switch Equipment (Including Wireless Telecommunications Equipment) | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 16 years |
Cables | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 13 years |
Cables | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 36 years |
Tubes And Tunnels | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 50 years |
Reinforced Concrete Buildings | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 42 years |
Reinforced Concrete Buildings | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 56 years |
Machinery, Vessels And Tools | Minimum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 3 years |
Machinery, Vessels And Tools | Maximum | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life, years | 26 years |
Summary of Significant Accoun53
Summary of Significant Accounting Policies (Assets and Liabilities of VIEs Established to Develop and Lease Real Estate) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | ||
Variable Interest Entity [Line Items] | |||||
Current assets | ¥ 4,957,228 | ¥ 4,861,011 | |||
Property, plant and equipment | 9,801,470 | 9,839,688 | |||
Investments and other assets | 5,943,729 | 5,584,250 | ¥ 5,103,092 | ||
Current liabilities | 3,721,688 | 3,676,824 | |||
Long-term liabilities | 5,902,657 | 5,657,407 | |||
VIEs established to develop and lease real estate | |||||
Variable Interest Entity [Line Items] | |||||
Current assets | 29,821 | [1],[2] | 19,581 | [3],[4] | |
Property, plant and equipment | 188,854 | [1],[2] | 194,942 | [3],[4] | |
Investments and other assets | 2,489 | [1],[2] | 2,353 | [3],[4] | |
Current liabilities | 3,502 | [1],[2] | 2,756 | [3],[4] | |
Long-term liabilities | ¥ 80,986 | [1],[2] | ¥ 91,305 | [3],[4] | |
[1] | "Current portion of long-term debt" and "Long-term debt (excluding current portion)" above are secured by the VIEs' land and buildings totaling ¥238,280 million. | ||||
[2] | Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included "Land" totaling ¥133,913 million, "Current portion of long-term debt" totaling ¥825 million and "Long-term debt" totaling ¥51,791 million, respectively. | ||||
[3] | "Current portion of long-term debt" and "Long-term debt (excluding current portion)" above are secured by the VIEs' land and buildings totaling ¥243,769 million. | ||||
[4] | Property, plant and equipment, Current liabilities and Long-term liabilities of VIEs established to develop and lease real estate included "Land" totaling ¥135,677 million, "Current portion of long-term debt" totaling ¥1,013 million and "Long-term debt" totaling ¥59,288 million, respectively. |
Summary of Significant Accoun54
Summary of Significant Accounting Policies (Assets and Liabilities of VIEs Established to Develop and Lease Real Estate) (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Variable Interest Entity [Line Items] | ||
VIEs established to develop and lease real estate, land | ¥ 133,913 | ¥ 135,677 |
Current portion of long-term debt | 825 | 1,013 |
Long-term debt | 51,791 | 59,288 |
VIEs' land and buildings pledged to long-term debt | ¥ 238,280 | ¥ 243,769 |
Analysis of Changes in Redeemab
Analysis of Changes in Redeemable Noncontrolling Interests (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Redeemable Noncontrolling Interest [Line Items] | |||
Balance at beginning of year | ¥ 25,912 | ||
Other comprehensive income (loss) | |||
Foreign currency translation adjustments | 129,863 | ¥ 156,471 | ¥ 112,388 |
Balance at end of year | 28,272 | 25,912 | |
Redeemable Noncontrolling Interests | |||
Redeemable Noncontrolling Interest [Line Items] | |||
Balance at beginning of year | 25,912 | ||
Acquisition of new subsidiaries | 25,912 | ||
Comprehensive income (loss) | |||
Net income | 1,090 | ||
Other comprehensive income (loss) | |||
Foreign currency translation adjustments | 1,235 | ||
Changes in NTT's ownership interest in subsidiaries | 35 | ||
Balance at end of year | ¥ 28,272 | ¥ 25,912 |
Related Party Transactions (Det
Related Party Transactions (Detail) - Affiliated Companies - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Related Party Transaction [Line Items] | |||
Operating revenues | ¥ 32,392 | ¥ 31,372 | ¥ 26,001 |
Operating expenses | 126,461 | 109,817 | 105,295 |
Receivables | 27,773 | 24,254 | 17,257 |
Payables | ¥ 98,055 | ¥ 105,341 | ¥ 89,623 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Affiliated Companies | |||
Related Party Transaction [Line Items] | |||
Proceeds from dividends received | ¥ 25,881 | ¥ 23,249 | ¥ 19,384 |
Cash And Cash Equivalents (Sche
Cash And Cash Equivalents (Schedule Of Cash And Cash Equivalents) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2012 |
Cash, Cash Equivalents Details [Line Items] | ||||
Cash | ¥ 807,817 | ¥ 847,980 | ||
Commercial paper and certificates of deposit, commercial paper and marketable securities purchased under agreements to resell | 802 | 2,212 | ||
Time deposits, certificates of deposit and other | 40,555 | 134,271 | ||
Total | ¥ 849,174 | ¥ 984,463 | ¥ 961,433 | ¥ 1,020,143 |
Inventories (Schedule Of Invent
Inventories (Schedule Of Inventories) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Inventory [Line Items] | ||
Telecommunications equipment to be sold and materials | ¥ 181,258 | ¥ 228,337 |
Projects in progress | 103,351 | 83,015 |
Supplies | 105,914 | 103,957 |
Total | ¥ 390,523 | ¥ 415,309 |
Impairment of Long-Lived Asse60
Impairment of Long-Lived Assets (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2015JPY (¥) | |
Impaired Long-Lived Assets Held and Used [Line Items] | |
Impairment loss of long-lived assets | ¥ 30,161 |
Impairment loss for intangible fixed assets | ¥ 6,365 |
Investments in Affiliated Com61
Investments in Affiliated Companies - Additional Information (Detail) ₨ in Billions | Jul. 07, 2014JPY (¥)shares | Mar. 31, 2015JPY (¥) | Mar. 31, 2014JPY (¥) | Mar. 31, 2013JPY (¥) | May. 29, 2015 | Jul. 07, 2014INR (₨) | Oct. 31, 2012 | Nov. 30, 2011JPY (¥) | May. 31, 2011JPY (¥) | Mar. 25, 2009JPY (¥) | Mar. 31, 2008 | Feb. 28, 2008JPY (¥) | |
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Investments in and advances to affiliates, total | ¥ 187,209,000,000 | ¥ 172,199,000,000 | |||||||||||
Investments in and advances to affiliates, related market value | 368,000,000,000 | ¥ 310,500,000,000 | |||||||||||
Discount rate used for weighted average cost of capital | 12.60% | ||||||||||||
Equity method investment, other than temporary, and an impairment loss after tax | 0 | ¥ 51,279,000,000 | ¥ 25,913,000,000 | ||||||||||
Share of undistributed earnings of affiliated companies included in consolidated retained earnings | 90,631,000,000 | 100,976,000,000 | 76,040,000,000 | ||||||||||
Equity method investment, difference between carrying values and underlying equity | 273,416,000,000 | 260,664,000,000 | |||||||||||
Subsequent Event | |||||||||||||
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Exchange rate for one rupee | 1.95 | ||||||||||||
After additional issue of voting preferred stocks | |||||||||||||
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Percentage of NTT's voting rights | 12.00% | ||||||||||||
Before additional issue of voting preferred stocks | |||||||||||||
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Percentage of NTT's voting rights | 20.00% | ||||||||||||
Philippine Long Distance Telephone Company | |||||||||||||
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Equity method investment, acquired ownership percentage | 7.00% | ||||||||||||
Equity method investment, aggregate cost | ¥ 19,519,000,000 | ¥ 98,943,000,000 | |||||||||||
Equity method investment, ownership percentage | 20.00% | 21.00% | 13.00% | ||||||||||
Percentage of foreign ownership interests limit | 40.00% | ||||||||||||
Investments in and advances to affiliates, total | 168,968,000,000 | 154,613,000,000 | |||||||||||
Investments in and advances to affiliates, related market value | ¥ 340,268,000,000 | 277,025,000,000 | |||||||||||
Tata Teleservices Limited | |||||||||||||
Investments in and Advances to Affiliates [Line Items] | |||||||||||||
Equity method investment, acquired ownership percentage | 26.00% | ||||||||||||
Equity method investment, aggregate cost | ₨ 72.5 | ¥ 14,424,000,000 | ¥ 252,321,000,000 | ||||||||||
Equity method investment, ownership percentage | 26.50% | 26.50% | |||||||||||
Equity method investment, other than temporary impairment charges | ¥ 51,244,000,000 | ¥ 6,813,000,000 | |||||||||||
Number of shares held by NTT Docomo | shares | 1,248,974,378 | ||||||||||||
Percentage of interest of NTT Docomo in TTSL | 26.50% | 26.50% | |||||||||||
Shares as a percentage of acquisition price | 50.00% | 50.00% | |||||||||||
Equity method investment of subsidiary, under agreement, right to require shares be acquired, amount | [1] | ¥ 141,400,000,000 | |||||||||||
Right exercisable date | May 30, 2014 | ||||||||||||
Right execised date | Jul. 7, 2014 | ||||||||||||
[1] | 1 rupee = ¥1.95 as of May 29, 2015 |
Investments in Affiliated Com62
Investments in Affiliated Companies (Schedule of Main Effects on Consolidated Financial Statements Due to Revisions) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Error Corrections and Prior Period Adjustments Restatement [Line Items] | |||
Investments in affiliated companies | ¥ 542,247 | ¥ 521,634 | ¥ 551,883 |
Marketable securities and other investments | 515,580 | 407,766 | 357,222 |
Deferred income taxes | 589,937 | 661,500 | 752,828 |
Total investments and other assets | 5,943,729 | 5,584,250 | 5,103,092 |
Retained earnings | 5,126,657 | 4,808,361 | 5,227,268 |
Accumulated other comprehensive income (loss) | 268,232 | 94,966 | (192,932) |
Total NTT shareholders' equity | 8,681,860 | 8,511,354 | 8,231,439 |
Noncontrolling interests | 2,367,950 | 2,413,452 | 2,290,564 |
Other, net | 7,681 | 110,594 | 32,380 |
Income before income taxes and equity in earnings (losses) of affiliated companies | 1,066,629 | 1,294,195 | 1,197,647 |
Income tax expense (benefit)-Deferred | 32,504 | 3,433 | 11,959 |
Equity in earnings (Losses) of affiliated companies | 5,889 | (50,792) | (16,093) |
Net income | 675,169 | 756,857 | 707,600 |
Net income attributable to NTT | ¥ 518,066 | ¥ 585,473 | ¥ 521,932 |
Net income attributable to NTT | ¥ 473.69 | ¥ 509.21 | ¥ 430.68 |
Unrealized gain (loss) on securities | ¥ 76,308 | ¥ 16,057 | ¥ 47,509 |
Unrealized gain (loss) on derivative instruments | 2,903 | (4,895) | (4,736) |
Foreign currency translation adjustments | 129,863 | 156,471 | 112,388 |
Pension liability adjustments | 16,370 | 163,241 | 35,646 |
Total other comprehensive income (loss) | 225,444 | 330,874 | 190,807 |
Total comprehensive income (loss) | 900,613 | 1,087,731 | 898,407 |
Total comprehensive income (loss) attributable to NTT | ¥ 691,332 | ¥ 873,371 | 686,843 |
As previously reported | |||
Error Corrections and Prior Period Adjustments Restatement [Line Items] | |||
Investments in affiliated companies | 411,371 | ||
Marketable securities and other investments | 660,823 | ||
Deferred income taxes | 694,361 | ||
Total investments and other assets | 5,207,714 | ||
Retained earnings | 5,229,407 | ||
Accumulated other comprehensive income (loss) | (107,476) | ||
Total NTT shareholders' equity | 8,319,034 | ||
Noncontrolling interests | 2,307,591 | ||
Other, net | 35,832 | ||
Income before income taxes and equity in earnings (losses) of affiliated companies | 1,201,099 | ||
Income tax expense (benefit)-Deferred | 11,660 | ||
Equity in earnings (Losses) of affiliated companies | (17,707) | ||
Net income | 709,739 | ||
Net income attributable to NTT | ¥ 524,071 | ||
Net income attributable to NTT | ¥ 432.44 | ||
Unrealized gain (loss) on securities | ¥ 146,849 | ||
Unrealized gain (loss) on derivative instruments | (4,756) | ||
Foreign currency translation adjustments | 114,739 | ||
Pension liability adjustments | 36,458 | ||
Total other comprehensive income (loss) | 293,290 | ||
Total comprehensive income (loss) | 1,003,029 | ||
Total comprehensive income (loss) attributable to NTT | 774,438 | ||
Adjustments | |||
Error Corrections and Prior Period Adjustments Restatement [Line Items] | |||
Investments in affiliated companies | 140,512 | ||
Marketable securities and other investments | (303,601) | ||
Deferred income taxes | 58,467 | ||
Total investments and other assets | (104,622) | ||
Retained earnings | (2,139) | ||
Accumulated other comprehensive income (loss) | (85,456) | ||
Total NTT shareholders' equity | (87,595) | ||
Noncontrolling interests | (17,027) | ||
Other, net | (3,452) | ||
Income before income taxes and equity in earnings (losses) of affiliated companies | (3,452) | ||
Income tax expense (benefit)-Deferred | 299 | ||
Equity in earnings (Losses) of affiliated companies | 1,614 | ||
Net income | (2,139) | ||
Net income attributable to NTT | ¥ (2,139) | ||
Net income attributable to NTT | ¥ (1.77) | ||
Unrealized gain (loss) on securities | ¥ (99,340) | ||
Unrealized gain (loss) on derivative instruments | 20 | ||
Foreign currency translation adjustments | (2,351) | ||
Pension liability adjustments | (812) | ||
Total other comprehensive income (loss) | (102,483) | ||
Total comprehensive income (loss) | (104,622) | ||
Total comprehensive income (loss) attributable to NTT | ¥ (87,595) |
Marketable Securities And Oth63
Marketable Securities And Other Investments (Schedule Of The Aggregate Carrying Amounts, Gross Unrealized Holding Gains, Gross Unrealized Holding Losses And Fair Value Of Available-For-Sale And Held-To-Maturity Securities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | |||
Schedule of Investments [Line Items] | |||||
Held-to-maturity, Cost | ¥ 5,531 | ¥ 6,145 | |||
Held-to-maturity, Fair value | 5,577 | 6,169 | |||
Total Cost | 227,884 | 196,614 | |||
Total Gross unrealized gains | 234,394 | 129,715 | |||
Total Gross unrealized losses | 1,762 | 578 | |||
Total Fair value | 460,516 | 325,751 | |||
Equity Securities | |||||
Schedule of Investments [Line Items] | |||||
Available-for-sale, Cost | 153,933 | 134,819 | |||
Available-for-sale, Gross unrealized gains | 232,814 | 128,150 | |||
Available-for-sale, Gross unrealized losses | 1,425 | 376 | |||
Available-for-sale, Fair value | 385,322 | 262,593 | |||
Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Available-for-sale, Cost | 68,420 | 55,650 | |||
Available-for-sale, Gross unrealized gains | 1,534 | 1,541 | |||
Available-for-sale, Gross unrealized losses | 337 | 202 | |||
Available-for-sale, Fair value | 69,617 | 56,989 | |||
Commercial Paper | |||||
Schedule of Investments [Line Items] | |||||
Held-to-maturity, Cost | 802 | [1] | ¥ 2,212 | [2] | |
Held-to-maturity, Gross unrealized gains | [2] | ||||
Held-to-maturity, Gross unrealized losses | [2] | ||||
Held-to-maturity, Fair value | 802 | [1] | ¥ 2,212 | [2] | |
Other Debt Securities | |||||
Schedule of Investments [Line Items] | |||||
Held-to-maturity, Cost | 4,729 | 3,933 | |||
Held-to-maturity, Gross unrealized gains | 46 | ¥ 24 | |||
Held-to-maturity, Gross unrealized losses | |||||
Held-to-maturity, Fair value | ¥ 4,775 | ¥ 3,957 | |||
[1] | Commercial paper is included "Cash and cash equivalents" totaling ¥802 million. | ||||
[2] | Commercial paper is included "Cash and cash equivalents" totaling ¥2,212 million. |
Marketable Securities And Oth64
Marketable Securities And Other Investments (Schedule Of The Aggregate Carrying Amounts, Gross Unrealized Holding Gains, Gross Unrealized Holding Losses And Fair Value Of Available-For-Sale And Held-To-Maturity Securities) (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Schedule of Investments [Line Items] | ||
Commercial paper | ¥ 802 | ¥ 2,212 |
Cash and Cash Equivalents | ||
Schedule of Investments [Line Items] | ||
Commercial paper | ¥ 802 | ¥ 2,212 |
Marketable Securities And Oth65
Marketable Securities And Other Investments (Loss On Investments) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Equity Securities | ||
Schedule of Investments [Line Items] | ||
Available-for-sale, Fair value, Less than 12 months | ¥ 7,248 | ¥ 7,433 |
Available-for- sale, Gross unrealized holding losses, Less than 12 months | 1,417 | 269 |
Available-for-sale, Fair value, 12 months or longer | 45 | 946 |
Available-for- sale, Gross unrealized holding losses, 12 months or longer | 8 | 107 |
Debt Securities | ||
Schedule of Investments [Line Items] | ||
Available-for-sale, Fair value, Less than 12 months | 15,013 | 996 |
Available-for- sale, Gross unrealized holding losses, Less than 12 months | 322 | 54 |
Available-for-sale, Fair value, 12 months or longer | 135 | 649 |
Available-for- sale, Gross unrealized holding losses, 12 months or longer | ¥ 15 | ¥ 148 |
Marketable Securities And Oth66
Marketable Securities And Other Investments - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Schedule of Investments [Line Items] | ||
Carrying amounts of long-term investment equity securities | ¥ 67,088 | ¥ 88,467 |
Fair value of investment securities, carrying amount | ¥ 64,960 | ¥ 86,242 |
Marketable Securities And Oth67
Marketable Securities And Other Investments (Schedule Of Proceeds And Gross Realized Gains And Losses) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Schedule Of Marketable Securities [Line Items] | |||
Proceeds | ¥ 10,117 | ¥ 4,074 | ¥ 4,433 |
Gross realized gain | 5,158 | 2,345 | 2,264 |
Gross realized loss | ¥ 875 | ¥ 49 | ¥ 37 |
Marketable Securities And Oth68
Marketable Securities And Other Investments (Maturities Of Debt Securities Classified As Held-To-Maturity) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Schedule of Investments [Line Items] | ||
Due within 1 year, Carrying Amount | ¥ 1,968 | ¥ 2,212 |
Due after 1 year through 5 years, Carrying Amount | 1,624 | 2,519 |
Due after 5 years through 10 years, Carrying Amount | 1,638 | 939 |
Due after 10 years, Carrying Amount | 301 | 475 |
Total Carrying Amount | 5,531 | 6,145 |
Due within 1 year, Fair value | 1,972 | 2,212 |
Due after 1 year through 5 years, Fair value | 1,629 | 2,531 |
Due after 5 years through 10 years, Fair value | 1,650 | 939 |
Due after 10 years, Fair value | 326 | 487 |
Held-to-maturity, Fair value | ¥ 5,577 | ¥ 6,169 |
Goodwill, Software And Other 69
Goodwill, Software And Other Intangible Assets - Additional Information (Detail) - JPY (¥) ¥ in Millions | Jul. 01, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Intangible Assets by Major Class [Line Items] | ||||
Impairment losses | ¥ 3,464 | ¥ 30,323 | ||
Amortization of intangible assets | 447,591 | ¥ 493,436 | 473,247 | |
Land | 1,299,072 | 1,238,742 | ||
Intangible assets | 94,566 | 71,075 | ||
Gains resulting from the exchange of rights | 59,996 | |||
Maximum | ||||
Intangible Assets by Major Class [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years | |||
Co-Ownership Interest of Land | ||||
Intangible Assets by Major Class [Line Items] | ||||
Land | 45,429 | |||
Rights to Acquire Building | ||||
Intangible Assets by Major Class [Line Items] | ||||
Intangible assets | 16,792 | ¥ 16,792 | ||
Long Distance And International Communications Business | ||||
Intangible Assets by Major Class [Line Items] | ||||
Impairment losses | ¥ 3,464 | ¥ 23,042 | ||
Computer Software | Minimum | ||||
Intangible Assets by Major Class [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 5 years | |||
Computer Software | Maximum | ||||
Intangible Assets by Major Class [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 7 years | |||
Rights To Use Utility Facilities | ||||
Intangible Assets by Major Class [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 50 years | |||
Other Intangibles | ||||
Intangible Assets by Major Class [Line Items] | ||||
Finite-lived intangible assets, average useful life, years | 12 years |
Goodwill, Software And Other 70
Goodwill, Software And Other Intangible Assets (Changes In Goodwill By Reportable Segment) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Goodwill [Line Items] | |||
Goodwill, beginning balance | ¥ 1,086,636 | ¥ 824,216 | |
Goodwill acquired during year | 40,669 | 186,666 | |
Impairment losses | (3,464) | ¥ (30,323) | |
Foreign currency translation adjustments | 69,348 | 75,754 | |
Other | (7,028) | ||
Goodwill, ending balance | 1,186,161 | 1,086,636 | 824,216 |
Long Distance And International Communications Business | |||
Goodwill [Line Items] | |||
Goodwill, beginning balance | 369,679 | 204,879 | |
Goodwill acquired during year | 37,799 | 122,522 | |
Impairment losses | (3,464) | (23,042) | |
Foreign currency translation adjustments | 44,312 | 42,278 | |
Other | (6,226) | ||
Goodwill, ending balance | 442,100 | 369,679 | 204,879 |
Mobile Communications Business | |||
Goodwill [Line Items] | |||
Goodwill, beginning balance | 492,099 | 445,729 | |
Goodwill acquired during year | 34,811 | ||
Foreign currency translation adjustments | 5,918 | 11,559 | |
Other | (802) | ||
Goodwill, ending balance | 497,215 | 492,099 | 445,729 |
Data Communications Business | |||
Goodwill [Line Items] | |||
Goodwill, beginning balance | 222,287 | 171,037 | |
Goodwill acquired during year | 2,870 | 29,333 | |
Foreign currency translation adjustments | 19,118 | 21,917 | |
Goodwill, ending balance | 244,275 | 222,287 | 171,037 |
Other Segment | |||
Goodwill [Line Items] | |||
Goodwill, beginning balance | 2,571 | 2,571 | |
Goodwill, ending balance | ¥ 2,571 | ¥ 2,571 | ¥ 2,571 |
Goodwill, Software And Other 71
Goodwill, Software And Other Intangible Assets (Schedule Of Major Components Of Software And Other Intangible Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Intangible Assets by Major Class [Line Items] | ||
Accumulated amortization | ¥ (5,390,151) | ¥ (5,099,133) |
Total amortizable intangible assets | 1,566,942 | 1,640,031 |
Total non-amortizable intangible assets | 94,566 | 71,075 |
Total | 1,661,508 | 1,711,106 |
Trademarks And Trade Names | ||
Intangible Assets by Major Class [Line Items] | ||
Total non-amortizable intangible assets | 55,859 | 54,283 |
Rights to Acquire Building | ||
Intangible Assets by Major Class [Line Items] | ||
Total non-amortizable intangible assets | 16,792 | 16,792 |
Other Indefinite Lived Intangible Assets | ||
Intangible Assets by Major Class [Line Items] | ||
Total non-amortizable intangible assets | 21,915 | |
Computer Software | ||
Intangible Assets by Major Class [Line Items] | ||
Amortizable intangible assets | 6,129,753 | 5,954,842 |
Rights To Use Utility Facilities | ||
Intangible Assets by Major Class [Line Items] | ||
Amortizable intangible assets | 337,496 | 336,510 |
Other Intangibles | ||
Intangible Assets by Major Class [Line Items] | ||
Amortizable intangible assets | ¥ 489,844 | ¥ 447,812 |
Goodwill, Software And Other 72
Goodwill, Software And Other Intangible Assets (Estimated Aggregate Amortization Expenses For Intangible Assets During The Next Five Years) (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Schedule Of Goodwill And Intangible Assets [Line Items] | |
2,016 | ¥ 407,510 |
2,017 | 334,830 |
2,018 | 260,752 |
2,019 | 189,563 |
2,020 | ¥ 124,508 |
Short-Term Borrowings And Lon73
Short-Term Borrowings And Long-Term Debt (Schedule Of Short-Term Borrowings) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 330,423 | ¥ 269,444 |
Unsecured Short-Term Loans From Financial Institutions Denominated In Japanese Yen | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 39,238 | 49,909 |
Commercial Paper Denominated In Japanese Yen | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 206,993 | 89,000 |
Unsecured Short-Term Loans from Financial Institutions Denominated in Foreign Currencies | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 84,192 | 129,835 |
Commercial Paper | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 700 |
Short-Term Borrowings And Lon74
Short-Term Borrowings And Long-Term Debt (Schedule Of Short-Term Borrowings) (Parenthetical) (Detail) | Mar. 31, 2015 | Mar. 31, 2014 |
Unsecured Short-Term Loans From Financial Institutions Denominated In Japanese Yen | ||
Short-term Debt [Line Items] | ||
Short-term debt, weighted average interest rates | 0.26% | 0.33% |
Commercial Paper Denominated In Japanese Yen | ||
Short-term Debt [Line Items] | ||
Short-term debt, weighted average interest rates | 0.09% | 0.08% |
Short-Term Borrowings And Lon75
Short-Term Borrowings And Long-Term Debt (Schedule Of Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Debt Instrument [Line Items] | ||
Total long-term debt principal | ¥ 4,059,434 | ¥ 3,909,440 |
Less-Deferred bond discounts | (330) | (416) |
Long-term debt | 4,059,104 | 3,909,024 |
Less-Current portion | (370,279) | (425,351) |
Total long-term debt | 3,688,825 | 3,483,673 |
Debt Denominated In Japanese Yen | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 3,541,524 | 3,554,921 |
Debt Denominated In Foreign Currencies | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 517,910 | 354,519 |
Bonds | Debt Denominated In Japanese Yen | 0.15% - 2.06% coupon bonds due 2015 - 2031 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 1,700,969 | 1,795,967 |
Bonds | Debt Denominated In Japanese Yen | 0.42% floating rate bond due 2022 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 100 | 100 |
Secured Indebtedness to Financial Institutions | Debt Denominated In Japanese Yen | 0.70% (weighted average) loans due 2015 - 2029 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 49,408 | 61,382 |
Secured Indebtedness to Financial Institutions | Debt Denominated In Japanese Yen | 0.30% (weighted average) floating rate loans due 2018 - 2026 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 18,744 | |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Japanese Yen | 0.99% (weighted average) loans due 2015 - 2031 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 1,683,994 | 1,599,342 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Japanese Yen | 0.28% (weighted average) floating rate loans due 2015 - 2026 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 88,309 | 98,130 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Foreign Currencies | 0.68% (weighted average) U.S. dollar floating rate loans due 2015 - 2029 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 164,010 | 98,716 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Foreign Currencies | 0.88% (weighted average) U.K. pound floating rate loans due 2016 - 2018 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 17,987 | 18,918 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Foreign Currencies | 0.97% (weighted average) Euro loans due 2015 - 2025 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 50,084 | 6,938 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Foreign Currencies | 0.71% (weighted average) Euro floating rate loans due 2015 - 2020 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 16,701 | 6,367 |
Unsecured Indebtedness to Financial Institutions | Debt Denominated In Foreign Currencies | Other loans due 2015 - 2033 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 31,844 | 40,691 |
Notes | Debt Denominated In Foreign Currencies | 0.89% to 2.15% U.S. dollar notes due 2016 to 2020 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | 213,250 | ¥ 182,889 |
Notes | Debt Denominated In Foreign Currencies | 0.69% floating rate U.S. dollar notes due 2019 | ||
Debt Instrument [Line Items] | ||
Total long-term debt principal | ¥ 24,034 |
Short-Term Borrowings And Lon76
Short-Term Borrowings And Long-Term Debt (Schedule Of Long-Term Debt) (Parenthetical) (Detail) - Mar. 31, 2015 | Total |
0.15% - 2.06% coupon bonds due 2015 - 2031 | Debt Denominated In Japanese Yen | Bonds | |
Debt Instrument [Line Items] | |
Debt instrument, interest rate, stated percentage rate range, minimum | 0.15% |
Debt instrument, interest rate, stated percentage rate range, maximum | 2.06% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,031 |
0.42% floating rate bond due 2022 | Debt Denominated In Japanese Yen | Bonds | |
Debt Instrument [Line Items] | |
Debt instrument, interest rate, stated percentage rate range, maximum | 0.42% |
Debt instrument, maturity date range, end | 2,022 |
0.70% (weighted average) loans due 2015 - 2029 | Debt Denominated In Japanese Yen | Secured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.70% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,029 |
0.30% (weighted average) floating rate loans due 2018 - 2026 | Debt Denominated In Japanese Yen | Secured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.30% |
Debt instrument, maturity date range, start | 2,018 |
Debt instrument, maturity date range, end | 2,026 |
0.99% (weighted average) loans due 2015 - 2031 | Debt Denominated In Japanese Yen | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.99% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,031 |
0.28% (weighted average) floating rate loans due 2015 - 2026 | Debt Denominated In Japanese Yen | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.28% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,026 |
0.89% to 2.15% U.S. dollar notes due 2016 to 2020 | Debt Denominated In Foreign Currencies | Notes | |
Debt Instrument [Line Items] | |
Debt instrument, interest rate, stated percentage rate range, minimum | 0.89% |
Debt instrument, interest rate, stated percentage rate range, maximum | 2.15% |
Debt instrument, maturity date range, start | 2,016 |
Debt instrument, maturity date range, end | 2,020 |
0.69% floating rate U.S. dollar notes due 2019 | Debt Denominated In Foreign Currencies | Notes | |
Debt Instrument [Line Items] | |
Debt instrument, interest rate, stated percentage rate range, maximum | 0.69% |
Debt instrument, maturity date range, end | 2,019 |
0.68% (weighted average) U.S. dollar floating rate loans due 2015 - 2029 | Debt Denominated In Foreign Currencies | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.68% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,029 |
0.88% (weighted average) U.K. pound floating rate loans due 2016 - 2018 | Debt Denominated In Foreign Currencies | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.88% |
Debt instrument, maturity date range, start | 2,016 |
Debt instrument, maturity date range, end | 2,018 |
0.97% (weighted average) Euro loans due 2015 - 2025 | Debt Denominated In Foreign Currencies | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.97% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,025 |
0.71% (weighted average) Euro floating rate loans due 2015 - 2020 | Debt Denominated In Foreign Currencies | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Long-term debt, weighted average interest rate | 0.71% |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,020 |
Other loans due 2015 - 2033 | Debt Denominated In Foreign Currencies | Unsecured Indebtedness to Financial Institutions | |
Debt Instrument [Line Items] | |
Debt instrument, maturity date range, start | 2,015 |
Debt instrument, maturity date range, end | 2,033 |
Short-Term Borrowings And Lon77
Short-Term Borrowings And Long-Term Debt - Additional Information (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Schedule Of Short Term And Long Term Debt [Line Items] | |
Unused committed lines of credit | ¥ 105,500 |
Bonds and Notes Issued By NTT | |
Schedule Of Short Term And Long Term Debt [Line Items] | |
Total long-term debt principal | ¥ 1,051,257 |
Short-Term Borrowings And Lon78
Short-Term Borrowings And Long-Term Debt (Schedule Of Maturities Of Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Schedule Of Short Term And Long Term Debt [Line Items] | ||
2,016 | ¥ 370,279 | |
2,017 | 474,807 | |
2,018 | 683,159 | |
2,019 | 598,374 | |
2,020 | 445,719 | |
Thereafter | 1,486,766 | |
Long-term debt | ¥ 4,059,104 | ¥ 3,909,024 |
Employees' Retirement Benefit79
Employees' Retirement Benefits - Additional Information (Detail) ¥ in Millions | Oct. 01, 2013JPY (¥) | Mar. 31, 2015JPY (¥)Age | Mar. 31, 2014JPY (¥) | Mar. 31, 2013JPY (¥) |
Defined Benefit Plan Disclosure [Line Items] | ||||
Retirement benefit expenses | ¥ 18,082 | |||
Plan amendment | ¥ (76,050) | |||
Pension Plans, Defined Benefit | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Percentage of severance benefits covered by non-contributory funded contract-type corporate pension plans | 28.00% | |||
Minimum age for non-contributory funded contract-type corporate pension plans to cover percentage of severance benefits | Age | 50 | |||
Minimum years of service for non-contributory funded contract-type corporate pension plans to cover percentage of severance benefits | 20 years | |||
Curtailment gain from the change in pension plans | ¥ 12,966 | |||
Defined benefit plan, accumulated benefit obligation | ¥ 1,880,896 | 1,903,157 | ||
Net actuarial loss | 5,190 | |||
Transition obligation | 50 | |||
Prior service cost | ¥ (1,454) | |||
Target allocations, domestic bonds | 0.47% | |||
Target allocations, domestic stocks | 0.13% | |||
Target allocations, foreign bonds | 0.10% | |||
Target allocations, foreign stocks | 0.10% | |||
Target allocations, life insurance company general accounts | 0.20% | |||
Defined benefit plan, fair value of domestic stocks of parent company and affiliates | ¥ 2,619 | ¥ 2,535 | ||
Percentage of defined benefit plan, domestic stocks of parent company and affiliates | 0.20% | 0.20% | ||
Retirement benefit expenses | ¥ 70,794 | ¥ 71,481 | ¥ 100,752 | |
Multi-employer plan, period contributions | 122,476 | 126,310 | 124,405 | |
NTT CDBP | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined benefit plan, accumulated benefit obligation | 1,435,669 | 1,328,536 | ||
Net actuarial loss | 5,099 | |||
Prior service cost | ¥ (7,485) | |||
Target allocations, domestic bonds | 42.80% | |||
Target allocations, domestic stocks | 20.80% | |||
Target allocations, foreign bonds | 10.00% | |||
Target allocations, foreign stocks | 14.40% | |||
Target allocations, life insurance company general accounts | 12.00% | |||
Defined benefit plan, fair value of domestic stocks of parent company and affiliates | ¥ 4,453 | ¥ 4,278 | ||
Percentage of defined benefit plan, domestic stocks of parent company and affiliates | 0.40% | 0.40% | ||
Retirement benefit expenses | ¥ 27,277 | ¥ 44,384 | 52,386 | |
Multi-employer plan, period contributions | 40,028 | 43,520 | ¥ 47,113 | |
Plan amendment | ¥ (76,050) | |||
Defined benefit plan, estimated future employer contributions | ¥ 16,756 |
Employees' Retirement Benefit80
Employees' Retirement Benefits (Schedule Of Reconciliation Of The Changes In The Plans' Benefit Obligations And Fair Value Of Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Oct. 01, 2013 | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ||||
Plan amendment | ¥ (76,050) | |||
Pension Plans, Defined Benefit | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Benefit obligation, beginning of year | ¥ 1,903,160 | ¥ 2,012,924 | ||
Service cost | 65,160 | 72,631 | ¥ 72,628 | |
Interest cost | 25,510 | 30,021 | 37,511 | |
Actuarial loss (gain) | 54,522 | (46,672) | ||
Other | (11,992) | 7,249 | ||
Benefit payments - Lump-sum severance payments and Pension | (156,391) | (172,993) | ||
Benefit obligation, end of year | 1,879,969 | 1,903,160 | 2,012,924 | |
Fair value of plan assets, beginning of year | 1,130,188 | 1,125,165 | ||
Actual return on plan assets | 96,646 | 71,150 | ||
Employer contributions | 3,028 | 42,130 | ||
Other changes in fair value of plan assets | 1,571 | 2,967 | ||
Benefit payments - Pension | (108,697) | (111,224) | ||
Fair value of plan assets, end of year | 1,122,736 | 1,130,188 | 1,125,165 | |
Under-funded status | (757,233) | (772,972) | ||
NTT CDBP | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Benefit obligation, beginning of year | 1,553,265 | 1,601,091 | ||
Service cost | 37,281 | 39,098 | 37,647 | |
Interest cost | 21,278 | 22,961 | 27,260 | |
Actuarial loss (gain) | 97,160 | 173 | ||
Plan amendment | (76,050) | |||
Other | 9,293 | 122 | ||
Benefit payments - Lump-sum severance payments and Pension | (34,846) | (34,130) | ||
Benefit obligation, end of year | 1,683,431 | 1,553,265 | 1,601,091 | |
Fair value of plan assets, beginning of year | 1,056,584 | 983,336 | ||
Actual return on plan assets | 116,626 | 96,590 | ||
Employer contributions | 16,818 | 7,052 | ||
Employee contributions | 3,753 | 3,557 | 3,573 | |
Other changes in fair value of plan assets | 6,169 | 179 | ||
Benefit payments - Pension | (34,846) | (34,130) | ||
Fair value of plan assets, end of year | 1,165,104 | 1,056,584 | ¥ 983,336 | |
Under-funded status | ¥ (518,327) | ¥ (496,681) |
Employees' Retirement Benefit81
Employees' Retirement Benefits (Schedule Of Amounts Recognized In Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Defined Benefit Plan Disclosure [Line Items] | ||
Liability for employees' retirement benefits | ¥ (1,387,962) | ¥ (1,327,873) |
Other assets | 1,448,296 | 1,195,608 |
Pension Plans, Defined Benefit | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Liability for employees' retirement benefits | (869,635) | (831,192) |
Other assets | 112,402 | 58,220 |
Accumulated other comprehensive loss (income) | 162,053 | 189,737 |
Net amount recognized | (595,180) | (583,235) |
NTT CDBP | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Liability for employees' retirement benefits | (518,327) | (496,681) |
Accumulated other comprehensive loss (income) | 28,015 | 23,188 |
Net amount recognized | ¥ (490,312) | ¥ (473,493) |
Employees' Retirement Benefit82
Employees' Retirement Benefits (Schedule Of Amounts Recognized As Accumulated Other Comprehensive Loss (Income)) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | |
Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net actuarial loss | ¥ 164,108 | ¥ 193,727 | |
Transition obligation | 453 | 609 | |
Prior service cost | [1] | (2,508) | (4,599) |
Total | 162,053 | 189,737 | |
NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net actuarial loss | 93,281 | 95,549 | |
Prior service cost | [2] | (65,266) | (72,361) |
Total | ¥ 28,015 | ¥ 23,188 | |
[1] | Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plans. | ||
[2] | Prior service cost has been amortized on the straight-line method over the average remaining service period of employees expected to receive benefits under the plan. |
Employees' Retirement Benefit83
Employees' Retirement Benefits (Schedule Of Projected Benefit Obligation And Fair Value Of Plan Assets In Plans With Projected Benefit Obligations In Excess Of Fair Value Of Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ||
Projected benefit obligation | ¥ 1,873,427 | ¥ 1,897,092 |
Fair value of plan assets | ¥ 1,113,285 | ¥ 1,123,514 |
Employees' Retirement Benefit84
Employees' Retirement Benefits (Schedule Of Accumulated Benefit Obligation And Fair Value Of Plan Assets In Plans With Accumulated Benefit Obligations In Excess Of Fair Value Of Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ||
Accumulated benefit obligation | ¥ 1,873,425 | ¥ 1,897,090 |
Fair value of plan assets | ¥ 1,113,285 | ¥ 1,123,514 |
Employees' Retirement Benefit85
Employees' Retirement Benefits (Schedule Of Charges To Income For Employees' Retirement Benefits) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Total | ¥ 18,082 | ||
Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | 65,160 | ¥ 72,631 | ¥ 72,628 |
Interest cost on projected benefit obligation | 25,510 | 30,021 | 37,511 |
Expected return on plan assets | (22,027) | (22,069) | (21,179) |
Amortization of net actuarial loss | 3,463 | 7,694 | 16,891 |
Amortization of transition obligation | 156 | 167 | 167 |
Amortization of prior service cost | (1,468) | (3,997) | (5,266) |
Curtailment gain from the change in pension plans | (12,966) | ||
Total | 70,794 | 71,481 | 100,752 |
NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | 37,281 | 39,098 | 37,647 |
Interest cost on projected benefit obligation | 21,278 | 22,961 | 27,260 |
Expected return on plan assets | (25,825) | (23,871) | (21,743) |
Amortization of net actuarial loss | 5,783 | 15,265 | 15,982 |
Amortization of prior service cost | (7,487) | (5,512) | (3,187) |
Employee contributions | (3,753) | (3,557) | (3,573) |
Total | ¥ 27,277 | ¥ 44,384 | ¥ 52,386 |
Employees' Retirement Benefit86
Employees' Retirement Benefits (Schedule Of Other Changes In Plan Assets And Benefit Obligations Recognized As Other Comprehensive Loss (Income)) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Net gain arising during period | ¥ (11,460) | ¥ (165,474) | ¥ (24,914) |
Amortization of net actuarial loss | (9,446) | (23,015) | (32,943) |
Amortization of transition obligation | (156) | (169) | (169) |
Accrued prior service cost | (76,050) | 178 | |
Amortization of prior service cost | 8,971 | 9,527 | 8,470 |
Other | (7,668) | (556) | 665 |
Total | (19,759) | (242,843) | ¥ (48,713) |
Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net gain arising during period | (20,097) | (95,681) | |
Amortization of net actuarial loss | (3,463) | (7,694) | |
Amortization of transition obligation | (156) | (167) | |
Amortization of prior service cost | 1,468 | 3,997 | |
Reclassification of prior service cost due to curtailment | 12,894 | ||
Other | (5,436) | (1,081) | |
Total | (27,684) | (87,732) | |
NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net gain arising during period | 6,359 | (72,546) | |
Amortization of net actuarial loss | (5,783) | (15,265) | |
Accrued prior service cost | (76,050) | ||
Amortization of prior service cost | 7,487 | 5,512 | |
Other | (3,236) | 1 | |
Total | ¥ 4,827 | ¥ (158,348) |
Employees' Retirement Benefit87
Employees' Retirement Benefits (Schedule Of Weighted-Average Assumptions Used To Determine The Benefit Obligations And Net Periodic Benefit Cost) (Detail) | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Pension Plans, Defined Benefit | |||
Defined Benefit Plan, Weighted-Average Assumptions Used in Calculating Benefit Obligation | |||
Discount rate | 1.00% | 1.40% | 1.50% |
Rate of compensation increase, minimum | 2.40% | 2.40% | 2.40% |
Rate of compensation increase, maximum | 4.00% | 4.00% | 3.40% |
Defined Benefit Plan, Weighted-Average Assumptions Used in Calculating Net Periodic Benefit Cost | |||
Discount rate | 1.40% | 1.50% | 1.90% |
Rate of compensation increase, minimum | 2.40% | 2.40% | 2.40% |
Rate of compensation increase, maximum | 4.00% | 3.40% | 3.40% |
Expected long-term return on plan assets | 2.00% | 2.00% | 2.00% |
NTT CDBP | |||
Defined Benefit Plan, Weighted-Average Assumptions Used in Calculating Benefit Obligation | |||
Discount rate | 1.00% | 1.40% | 1.50% |
Rate of compensation increase | 3.40% | 3.40% | 3.90% |
Defined Benefit Plan, Weighted-Average Assumptions Used in Calculating Net Periodic Benefit Cost | |||
Discount rate | 1.40% | 1.50% | 1.90% |
Rate of compensation increase | 3.40% | 3.90% | 3.40% |
Expected long-term return on plan assets | 2.50% | 2.50% | 2.50% |
Employees' Retirement Benefit88
Employees' Retirement Benefits (Schedule Of Fair Values of Pension Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | ¥ 1,122,736 | ¥ 1,130,188 | ¥ 1,125,165 |
Pension Plans, Defined Benefit | Cash and Cash Equivalents | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 4,796 | 4,900 | |
Pension Plans, Defined Benefit | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 326,908 | 288,204 | |
Pension Plans, Defined Benefit | Domestic Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 105,254 | 93,119 | |
Pension Plans, Defined Benefit | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 85,681 | 75,793 | |
Pension Plans, Defined Benefit | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,770 | 2,102 | |
Pension Plans, Defined Benefit | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 118,169 | 105,135 | |
Pension Plans, Defined Benefit | Foreign Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 82,325 | 81,700 | |
Pension Plans, Defined Benefit | Securities Investment Trust Domestic/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 13,030 | 11,493 | |
Pension Plans, Defined Benefit | Securities Investment Trust Domestic/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 10,985 | 9,952 | |
Pension Plans, Defined Benefit | Securities Investment Trust Foreign/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 8,189 | 7,496 | |
Pension Plans, Defined Benefit | Securities Investment Trust Foreign/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 10,809 | 10,045 | |
Pension Plans, Defined Benefit | Pooled Funds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 150,199 | 229,723 | |
Pension Plans, Defined Benefit | Life Insurance Company General Accounts | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 203,026 | 208,349 | |
Pension Plans, Defined Benefit | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,595 | 2,177 | |
NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,165,104 | 1,056,584 | ¥ 983,336 |
NTT CDBP | Cash and Cash Equivalents | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 8,984 | 7,859 | |
NTT CDBP | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 323,496 | 297,645 | |
NTT CDBP | Domestic Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 91,110 | 80,603 | |
NTT CDBP | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 82,179 | 76,442 | |
NTT CDBP | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,178 | 1,268 | |
NTT CDBP | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 214,675 | 185,915 | |
NTT CDBP | Foreign Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 124,158 | 114,284 | |
NTT CDBP | Securities Investment Trust Domestic/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 20,298 | 17,921 | |
NTT CDBP | Securities Investment Trust Domestic/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 28,994 | 25,881 | |
NTT CDBP | Securities Investment Trust Foreign/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 19,788 | 17,952 | |
NTT CDBP | Securities Investment Trust Foreign/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 18,382 | 16,522 | |
NTT CDBP | Pooled Funds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 94,532 | 92,753 | |
NTT CDBP | Life Insurance Company General Accounts | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 134,892 | 118,487 | |
NTT CDBP | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2,438 | 3,052 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 612,583 | 551,350 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Cash and Cash Equivalents | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 4,796 | 4,900 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 321,925 | 284,344 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 84,970 | 74,756 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 417 | 515 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 118,150 | 105,135 | |
Fair Value, Inputs, Level 1 | Pension Plans, Defined Benefit | Foreign Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 82,325 | 81,700 | |
Fair Value, Inputs, Level 1 | NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 748,331 | 676,356 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Cash and Cash Equivalents | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 8,984 | 7,859 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 318,634 | 292,603 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 81,565 | 75,534 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 346 | 161 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 214,645 | 185,915 | |
Fair Value, Inputs, Level 1 | NTT CDBP | Foreign Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 124,157 | 114,284 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 508,561 | 576,665 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 4,983 | 3,860 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Domestic Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 105,254 | 93,119 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 711 | 1,037 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,353 | 1,587 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 19 | ||
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Securities Investment Trust Domestic/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 13,030 | 11,493 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Securities Investment Trust Domestic/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 10,985 | 9,952 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Securities Investment Trust Foreign/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 8,189 | 7,496 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Securities Investment Trust Foreign/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 10,809 | 10,045 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Pooled Funds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 150,199 | 229,723 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Life Insurance Company General Accounts | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 203,026 | 208,349 | |
Fair Value, Inputs, Level 2 | Pension Plans, Defined Benefit | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 3 | 4 | |
Fair Value, Inputs, Level 2 | NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 414,336 | 377,197 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Japanese Government Bonds/Local Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 4,862 | 5,042 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Domestic Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 91,110 | 80,603 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Foreign Government Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 614 | 908 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Foreign Corporate Bonds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 832 | 1,107 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Domestic Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 30 | ||
Fair Value, Inputs, Level 2 | NTT CDBP | Securities Investment Trust Domestic/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 20,298 | 17,921 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Securities Investment Trust Domestic/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 28,994 | 25,881 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Securities Investment Trust Foreign/Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 19,788 | 17,952 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Securities Investment Trust Foreign/Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 18,382 | 16,522 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Pooled Funds | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 94,532 | 92,753 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Life Insurance Company General Accounts | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 134,892 | 118,487 | |
Fair Value, Inputs, Level 2 | NTT CDBP | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2 | 21 | |
Fair Value, Inputs, Level 3 | Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,592 | 2,173 | |
Fair Value, Inputs, Level 3 | Pension Plans, Defined Benefit | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1,592 | 2,173 | |
Fair Value, Inputs, Level 3 | NTT CDBP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 2,437 | 3,031 | |
Fair Value, Inputs, Level 3 | NTT CDBP | Foreign Equity Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | 1 | ||
Fair Value, Inputs, Level 3 | NTT CDBP | Others | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of pension plan assets | ¥ 2,436 | ¥ 3,031 |
Employees' Retirement Benefit89
Employees' Retirement Benefits (Schedule Of Estimated Future Benefit Payments) (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Pension Plans, Defined Benefit | |
Defined Benefit Plan Disclosure [Line Items] | |
2,016 | ¥ 133,625 |
2,017 | 133,657 |
2,018 | 145,235 |
2,019 | 135,510 |
2,020 | 124,795 |
2021-2025 | 543,266 |
Total | 1,216,088 |
NTT CDBP | |
Defined Benefit Plan Disclosure [Line Items] | |
2,016 | 36,241 |
2,017 | 38,587 |
2,018 | 40,877 |
2,019 | 42,277 |
2,020 | 42,881 |
2021-2025 | 232,980 |
Total | ¥ 433,843 |
Income Taxes (Income Taxes Reco
Income Taxes (Income Taxes Recognized) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Income Taxes [Line Items] | |||
Income from continuing operations | ¥ 397,349 | ¥ 486,546 | ¥ 473,954 |
Other comprehensive income (loss) (Note 14) | 50,100 | 98,130 | 51,350 |
Additional paid-in capital (Note 14) | (34,823) | ||
Total income taxes | ¥ 412,626 | ¥ 584,676 | ¥ 525,304 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015JPY (¥)Subsidiary | Mar. 31, 2014JPY (¥) | Mar. 31, 2013JPY (¥) | |
Income Taxes [Line Items] | |||||
National Corporate Tax rate | 25.50% | 28.05% | 28.05% | ||
Corporate Inhabitant Tax rate | 5.00% | 5.00% | 5.00% | ||
Corporate Enterprise Tax rate | 8.00% | 8.00% | 8.00% | ||
Statutory tax rate | 35.60% | 37.98% | 37.98% | ||
Deferred income tax assets, period increase (decrease) | ¥ (12,583) | ||||
Net income attributable to NTT, period increase (decrease) | (9,595) | ||||
Net change in the total valuation allowance | 6,029 | ¥ 6,228 | ¥ 11,535 | ||
Operating loss carryforwards | 677,456 | ||||
Unrecognized tax benefits | 5,754 | 5,383 | 4,356 | ||
Americas | |||||
Income Taxes [Line Items] | |||||
Net change in the total valuation allowance | (13,362) | ¥ (17,937) | ¥ (6,534) | ||
Fiscal Year Twenty Sixteen To Twenty Seventeen | |||||
Income Taxes [Line Items] | |||||
Deferred income tax assets, period increase (decrease) | (54,357) | ||||
Net income attributable to NTT, period increase (decrease) | ¥ (47,841) | ||||
Scenario, Forecast | |||||
Income Taxes [Line Items] | |||||
Statutory tax rate | 32.00% | 33.00% | |||
JAPAN | |||||
Income Taxes [Line Items] | |||||
Wholly owned subsidiaries in Japan | Subsidiary | 78 |
Income Taxes (Difference Betwee
Income Taxes (Difference Between Effective And Statutory Tax Rates) (Detail) | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Income Taxes [Line Items] | |||
Statutory tax rate | 35.60% | 37.98% | 37.98% |
Expenses not deductible for tax purposes | 0.25% | 0.15% | 1.04% |
Tax credits | (4.54%) | (1.40%) | (1.62%) |
Net change in valuation allowance | 1.26% | (0.36%) | 0.95% |
Effect of changes in the enacted tax rates | 5.19% | 1.45% | 0.77% |
Equity in earnings (losses) of affiliated companies | 0.11% | (1.57%) | (0.63%) |
Other | (0.62%) | 1.34% | 1.08% |
Effective tax rate | 37.25% | 37.59% | 39.57% |
Income Taxes (Schedule Of Compo
Income Taxes (Schedule Of Components Of Deferred Tax Assets And Liabilities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Deferred tax assets: | ||
Liability for employees' retirement benefits | ¥ 458,453 | ¥ 474,772 |
Accrued enterprise tax | 12,954 | 18,241 |
Property, plant and equipment and intangible assets | 349,013 | 381,764 |
Compensated absences | 82,257 | 87,973 |
Accrued bonus | 34,933 | 37,494 |
Unamortized purchases of leased assets | 6,708 | 7,644 |
Operating loss carryforwards | 201,211 | 197,012 |
Accrued liabilities for loyalty programs | 45,477 | 61,818 |
Deferred revenues regarding Nikagetsu Kurikoshi | 10,723 | 13,000 |
Investments in affiliates | 102,848 | 106,989 |
Other | 186,501 | 165,939 |
Total gross deferred tax assets | 1,491,078 | 1,552,646 |
Less-Valuation allowance | (265,950) | (259,921) |
Total deferred tax assets | 1,225,128 | 1,292,725 |
Deferred tax liabilities: | ||
Unrealized gains on securities | (64,773) | (34,431) |
Investment in subsidiary, principally arising upon issuance of stock | (226,474) | (300,554) |
Property, plant and equipment and intangible assets | (202,264) | (216,869) |
Investments in affiliates | (59,687) | (58,331) |
Other | (64,483) | (39,145) |
Total gross deferred tax liabilities | (617,681) | (649,330) |
Net deferred tax assets | ¥ 607,447 | ¥ 643,395 |
Income Taxes (Net Deferred Tax
Income Taxes (Net Deferred Tax Assets Included In The Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Income Taxes [Line Items] | |||
Deferred income taxes (current assets) | ¥ 219,333 | ¥ 220,662 | |
Deferred income taxes (investments and other assets) | 589,937 | 661,500 | ¥ 752,828 |
Other current liabilities | (4,970) | (5,616) | |
Deferred income taxes (long-term liabilities) | (196,853) | (233,151) | |
Net deferred tax assets | ¥ 607,447 | ¥ 643,395 |
Income Taxes (Period Available
Income Taxes (Period Available To Offset Future Taxable Income) (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Income Taxes [Line Items] | |
Within 5 years | ¥ 101,082 |
6 to 20 years | 456,556 |
Indefinite periods | 119,818 |
Total | ¥ 677,456 |
Income Taxes (Unrecognized Tax
Income Taxes (Unrecognized Tax Benefits) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Income Tax Contingency [Line Items] | ||
Balance at March 31 | ¥ 5,383 | ¥ 4,356 |
Increase in tax position of current year | 402 | 1,036 |
Decrease in tax position of prior year | (1,010) | (814) |
Reductions as a result of a lapse of the applicable statute of limitations | (7) | |
Foreign currency translation adjustments | 979 | 812 |
Balance at March 31 | ¥ 5,754 | ¥ 5,383 |
Equity (Schedule Of Shares Of C
Equity (Schedule Of Shares Of Common Stock And Treasury Stock) (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Equity Note [Line Items] | |||
Issued shares, balance | 1,136,697,235 | 1,323,197,235 | 1,323,197,235 |
Cancellation of treasury stock under resolution of the board of directors for Issued Shares | (186,500,000) | ||
Issued shares, balance | 1,136,697,235 | 1,136,697,235 | 1,323,197,235 |
Treasury stock shares, balance | 26,650,807 | 137,822,603 | 99,431,812 |
Acquisition of treasury stock under resolution of the board of directors | 51,413,227 | 75,294,000 | 38,382,300 |
Acquisition of treasury stock through purchase of less-than-one-unit shares | 35,570 | 37,134 | 17,631 |
Resale of treasury stock to holders of less-than-one-unit shares | (1,998) | (2,930) | (9,140) |
Cancellation of treasury stock under resolution of the board of directors | (186,500,000) | ||
Treasury stock shares, balance | 78,097,606 | 26,650,807 | 137,822,603 |
Equity - Additional Information
Equity - Additional Information (Detail) | Jun. 30, 2015JPY (¥)shares | May. 14, 2014JPY (¥)shares | Mar. 07, 2014JPY (¥)shares | Nov. 15, 2013JPY (¥) | Nov. 24, 1995JPY (¥)shares | Sep. 03, 2014JPY (¥)shares | Mar. 31, 2015JPY (¥)¥ / sharesshares | Oct. 31, 2013JPY (¥)shares | Feb. 28, 2013JPY (¥)shares | Mar. 31, 2015JPY (¥)¥ / sharesshares | Mar. 31, 2014JPY (¥)shares | Mar. 31, 2013JPY (¥) | Oct. 31, 2014JPY (¥)shares | Aug. 06, 2014JPY (¥)shares | Sep. 19, 2012JPY (¥)shares |
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Capitalized additional paid-in capital to common stock | ¥ 15,600,000,000 | ||||||||||||||
Common stock, Issued | shares | 312,000 | 1,136,697,235 | 1,136,697,235 | 1,136,697,235 | |||||||||||
Percentage of common stock shares outstanding | 2.00% | ||||||||||||||
Estimated cumulative effect on retained earnings, net of tax | ¥ 234,624,000,000 | ||||||||||||||
Minimum percentage of legal reserve from dividend payment in accordance with the Japanese companies act | 10.00% | ||||||||||||||
Required ratio of legal reserve to capital stock in accordance with the Japanese companies act | 25.00% | ||||||||||||||
Stock repurchase, shares | shares | 413,227 | 26,556,800 | 51,000,000 | 48,737,200 | 38,382,300 | ||||||||||
Stock repurchase | ¥ 2,429,000,000 | ¥ 156,499,000,000 | ¥ 338,117,000,000 | ¥ 250,000,000,000 | ¥ 149,999,000,000 | ¥ 340,781,000,000 | ¥ 406,696,000,000 | ¥ 150,066,000,000 | |||||||
Treasury stock, shares, retired | shares | (186,500,000) | ||||||||||||||
Statutory accounting practices, statutory amount available for dividend payments | 599,366,000,000 | 599,366,000,000 | |||||||||||||
Cash dividends included in retained earnings | ¥ 95,273,000,000 | ¥ 95,273,000,000 | |||||||||||||
Cash dividends per share included in retained earnings | ¥ / shares | ¥ 90 | ¥ 90 | |||||||||||||
Increase in additional paid-in capital due to stock repurchase | ¥ (138,937,000,000) | ¥ 3,662,000,000 | ¥ 1,317,000,000 | ||||||||||||
Maximum | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Common stock repurchase number of shares authorized | shares | 42,000,000 | ||||||||||||||
Amount of outstanding shares to be acquired | ¥ 150,000,000,000 | ||||||||||||||
May 13, 2013 through March 31, 2014 | Maximum | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Common stock repurchase number of shares authorized | shares | 50,000,000 | ||||||||||||||
Amount of outstanding shares to be acquired | ¥ 250,000,000,000 | ||||||||||||||
From February 7, 2014 through March 31, 2014 | Maximum | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Common stock repurchase number of shares authorized | shares | 38,000,000 | ||||||||||||||
Amount of outstanding shares to be acquired | ¥ 200,000,000,000 | ||||||||||||||
Subsequent Event | From November 10, 2014 through June 30, 2015 | Maximum | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Common stock repurchase number of shares authorized | shares | 51,000,000 | ||||||||||||||
Amount of outstanding shares to be acquired | ¥ 350,000,000,000 | ||||||||||||||
Scenario, Forecast | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Stock split | 2 | ||||||||||||||
NTT DOCOMO | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Stock repurchased, shares | shares | 181,530,121 | 83,746,000 | |||||||||||||
Stock repurchased, value | ¥ 307,694,000,000 | ¥ 165,342,000,000 | |||||||||||||
Ownership interest | 65.30% | 66.70% | 66.70% | 65.30% | 66.70% | ||||||||||
Increase in additional paid-in capital due to stock repurchase | ¥ 17,520,000,000 | ¥ 2,501,000,000 | |||||||||||||
NTT DOCOMO | Maximum | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Common stock repurchase number of shares authorized | shares | 138,469,879 | 206,489,675 | |||||||||||||
Amount of outstanding shares to be acquired | ¥ 192,306,000,000 | ¥ 350,000,000,000 | |||||||||||||
Parent Company | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Stock repurchased, shares | shares | 176,991,100 | ||||||||||||||
Retained Earnings (Notes 6 and 13) | |||||||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||||||
Cancellation of treasury stock | ¥ (818,206,000,000) | ¥ 818,206,000,000 |
Common Stock Split (Detail)
Common Stock Split (Detail) - ¥ / shares | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Class of Stock [Line Items] | |||
Weighted average number of shares outstanding (excluding treasury stock) | 1,093,680,009 | 1,149,758,214 | 1,211,880,769 |
Net income per share attributable to NTT | ¥ 473.69 | ¥ 509.21 | ¥ 430.68 |
Cash dividends to be paid to shareholders of record date | ¥ 180 | ¥ 170 | ¥ 160 |
After Stock Split | |||
Class of Stock [Line Items] | |||
Weighted average number of shares outstanding (excluding treasury stock) | 2,187,360,018 | 2,299,516,428 | 2,423,761,538 |
Net income per share attributable to NTT | ¥ 236.85 | ¥ 254.61 | ¥ 215.34 |
Cash dividends to be paid to shareholders of record date | ¥ 90 | ¥ 85 | ¥ 80 |
Number of shares outstanding (excluding treasury stock) | 2,117,199,258 | 2,220,092,856 | |
Shareholders' Equity per Share | ¥ 4,100.63 | ¥ 3,833.78 |
Equity (Schedule Of Accumulated
Equity (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | ¥ 94,966 | ¥ (192,932) | |
Other comprehensive income before reclassification | 230,099 | 325,326 | |
Amounts reclassified from accumulated other comprehensive income | (4,655) | 5,548 | |
Other comprehensive income (loss) | 225,444 | 330,874 | ¥ 190,807 |
Less-Comprehensive income attributable to noncontrolling interests | 52,178 | 42,976 | |
Ending Balance | 268,232 | 94,966 | (192,932) |
Unrealized gain (loss) on securities | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | 84,711 | 71,976 | |
Other comprehensive income before reclassification | 76,141 | 16,292 | |
Amounts reclassified from accumulated other comprehensive income | 167 | (235) | |
Other comprehensive income (loss) | 76,308 | 16,057 | |
Less-Comprehensive income attributable to noncontrolling interests | 26,907 | 3,322 | |
Ending Balance | 134,112 | 84,711 | 71,976 |
Unrealized gain (loss) on derivative instruments | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | (5,982) | (2,560) | |
Other comprehensive income before reclassification | 4,491 | (3,595) | |
Amounts reclassified from accumulated other comprehensive income | (1,588) | (1,300) | |
Other comprehensive income (loss) | 2,903 | (4,895) | |
Less-Comprehensive income attributable to noncontrolling interests | 1,730 | (1,473) | |
Ending Balance | (4,809) | (5,982) | (2,560) |
Foreign currency translation adjustments | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | 120,839 | (5,683) | |
Other comprehensive income before reclassification | 133,316 | 150,461 | |
Amounts reclassified from accumulated other comprehensive income | (3,453) | 6,010 | |
Other comprehensive income (loss) | 129,863 | 156,471 | |
Less-Comprehensive income attributable to noncontrolling interests | 26,270 | 29,949 | |
Ending Balance | 224,432 | 120,839 | (5,683) |
Pension liability adjustments | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | (104,602) | (256,665) | |
Other comprehensive income before reclassification | 16,151 | 162,168 | |
Amounts reclassified from accumulated other comprehensive income | 219 | 1,073 | |
Other comprehensive income (loss) | 16,370 | 163,241 | |
Less-Comprehensive income attributable to noncontrolling interests | (2,729) | 11,178 | |
Ending Balance | ¥ (85,503) | ¥ (104,602) | ¥ (256,665) |
Equity (Schedule of Changes in
Equity (Schedule of Changes in Accumulated Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Equity Note [Line Items] | |||
Unrealized gain (loss) on securities arising during the period, Pre-tax amount | ¥ 115,793 | ¥ 26,518 | ¥ 62,959 |
Less-Reclassification adjustment for realized (gain) loss included in net income, Pre-tax amount | 260 | (426) | 8,939 |
Net change in unrealized gain (loss) on securities, Pre-tax amount | 116,053 | 26,092 | 71,898 |
Unrealized gain (loss) on derivative instruments arising during the period, Pre-tax amount | 5,103 | (3,988) | (2,371) |
Less-Reclassification adjustment for realized (gain) loss included in net income, Pre-tax amount | (2,460) | (2,018) | (2,457) |
Net change in unrealized gain (loss) on derivative instruments, Pre-tax amount | 2,643 | (6,006) | (4,828) |
Foreign currency translation adjustments arising during the period, Pre-tax amount | 140,542 | 156,586 | 126,695 |
Less-Reclassification adjustment for realized (gain) loss included in net income, Pre-tax amount | (3,453) | 9,489 | 223 |
Net change in foreign currency translation adjustments, Pre-tax amount | 137,089 | 166,075 | 126,918 |
Pension liability adjustments arising during period, Pre-tax amount | 11,460 | 165,474 | 24,914 |
Prior service cost arising during period, Pre-tax amount | 76,050 | (178) | |
Less-Reclassification adjustment, Amortization of net actuarial loss (gain), Pre-tax amount | 9,446 | 23,015 | 32,943 |
Less-Reclassification adjustment, Amortization of transition obligation, Pre-tax amount | 156 | 169 | 169 |
Less-Reclassification adjustment, Amortization of prior service cost, Pre-tax amount | (8,971) | (9,527) | (8,470) |
Less-Reclassification adjustment, Reclassification of prior service cost due to curtailment, Pre-tax amount | (12,894) | ||
Other, Pre-tax amount | 7,668 | 556 | (665) |
Net change in pension liability adjustments, Pre-tax amount | 19,759 | 242,843 | 48,713 |
Unrealized gain (loss) on securities arising during the period, Tax benefit / (expense) | (39,652) | (10,226) | (20,920) |
Less-Reclassification adjustment for realized (gain) loss included in net income, Tax benefit / (expense) | (93) | 191 | (3,469) |
Net change in unrealized gain (loss) on securities, Tax benefit / (expense) | (39,745) | (10,035) | (24,389) |
Unrealized gain (loss) on derivative instruments arising during the period, Tax benefit / (expense) | (612) | 393 | (790) |
Less-Reclassification adjustment for realized (gain) loss included in net income, Tax benefit / (expense) | 872 | 718 | 882 |
Net change in unrealized gain (loss) on derivative instruments, Tax benefit / (expense) | 260 | 1,111 | 92 |
Foreign currency translation adjustments arising during the period, Tax benefit / (expense) | (7,226) | (6,125) | (14,450) |
Less-Reclassification adjustment for realized (gain) loss included in net income, Tax benefit / (expense) | (3,479) | (80) | |
Net change in foreign currency translation adjustments, Tax benefit / (expense) | (7,226) | (9,604) | (14,530) |
Pension liability adjustments arising during period, Tax benefit / (expense) | (1,452) | (53,301) | (5,852) |
Prior service cost arising during period, Tax benefit / (expense) | (26,409) | 63 | |
Less-Reclassification adjustment, Amortization of net actuarial loss (gain), Tax benefit / (expense) | (2,994) | (7,450) | (10,305) |
Less-Reclassification adjustment, Amortization of transition obligation, Tax benefit / (expense) | (54) | (61) | (61) |
Less-Reclassification adjustment, Amortization of prior service cost, Tax benefit / (expense) | 2,636 | 3,290 | 2,877 |
Less-Reclassification adjustment, Reclassification of prior service cost due to curtailment, Tax benefit / (expense) | 4,531 | ||
Other, Tax benefit / (expense) | (1,525) | (202) | 211 |
Net change in pension liability adjustments, Tax benefit / (expense) | (3,389) | (79,602) | (13,067) |
Unrealized gain (loss) on securities arising during the period, Net-of-tax amount | 76,141 | 16,292 | 42,039 |
Less-Reclassification adjustment for realized (gain) loss included in net income, Net-of-tax amount | 167 | (235) | 5,470 |
Net change in unrealized gain (loss) on securities, Net-of-tax amount | 76,308 | 16,057 | 47,509 |
Unrealized gain (loss) on derivative instruments arising during the period, Net-of-tax amount | 4,491 | (3,595) | (3,161) |
Less-Reclassification adjustment for realized (gain) loss included in net income, Net-of-tax amount | (1,588) | (1,300) | (1,575) |
Net change in unrealized gain (loss) on derivative instruments, Net-of-tax amount | 2,903 | (4,895) | (4,736) |
Foreign currency translation adjustments arising during the period, Net-of-tax amount | 133,316 | 150,461 | 112,245 |
Less-Reclassification adjustment for realized (gain) loss included in net income, Net-of-tax amount | (3,453) | 6,010 | 143 |
Net change in foreign currency translation adjustments, Net-of-tax amount | 129,863 | 156,471 | 112,388 |
Pension liability adjustments arising during period, Net-of-tax amount | 10,008 | 112,173 | 19,062 |
Prior service cost arising during period, Net-of-tax amount | 49,641 | (115) | |
Less-Reclassification adjustment, Amortization of net actuarial loss (gain), Net-of-tax amount | 6,452 | 15,565 | 22,638 |
Less-Reclassification adjustment, Amortization of net actuarial loss (gain), Net-of-tax amount | 102 | 108 | 108 |
Less-Reclassification adjustment, Amortization of prior service cost, Net-of-tax amount | (6,335) | (6,237) | (5,593) |
Less-Reclassification adjustment, Reclassification of prior service cost due to curtailment, Net-of-tax amount | (8,363) | ||
Other, Net-of-tax amount | 6,143 | 354 | (454) |
Net change in pension liability adjustments, Net-of-tax amount | ¥ 16,370 | ¥ 163,241 | ¥ 35,646 |
Equity (Reclassifications Out o
Equity (Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other, net | ¥ 7,681 | ¥ 110,594 | ¥ 32,380 | |
Income tax expense (benefit) | (397,349) | (486,546) | (473,954) | |
Equity in earnings (Losses) of affiliated companies | 5,889 | (50,792) | (16,093) | |
Net income | 675,169 | 756,857 | ¥ 707,600 | |
Reclassification out of Accumulated Other Comprehensive Income | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net income | 4,655 | (5,548) | ||
Reclassification out of Accumulated Other Comprehensive Income | Unrealized gain (loss) on securities | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other, net | (62) | 426 | ||
Income tax expense (benefit) | 93 | (191) | ||
Equity in earnings (Losses) of affiliated companies | (198) | |||
Net income | (167) | 235 | ||
Reclassification out of Accumulated Other Comprehensive Income | Unrealized gain (loss) on derivative instruments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other, net | 2,494 | 2,110 | ||
Income tax expense (benefit) | (872) | (718) | ||
Equity in earnings (Losses) of affiliated companies | (34) | (92) | ||
Net income | 1,588 | 1,300 | ||
Reclassification out of Accumulated Other Comprehensive Income | Foreign currency translation adjustments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other, net | 3,453 | (7) | ||
Income tax expense (benefit) | 3,479 | |||
Equity in earnings (Losses) of affiliated companies | (9,482) | |||
Net income | 3,453 | (6,010) | ||
Reclassification out of Accumulated Other Comprehensive Income | Pension liability adjustments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other, net | [1] | (631) | (763) | |
Income tax expense (benefit) | 412 | (310) | ||
Net income | ¥ (219) | ¥ (1,073) | ||
[1] | Amounts reclassified from pension liability adjustments are included in the computation of net periodic pension cost. |
Net Income Attributable to NTT
Net Income Attributable to NTT and Increase in Additional Paid in Capital as Result of Equity Transactions with Noncontrolling Interests (Detail) - Entity [Domain] - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Noncontrolling Interest [Line Items] | |||
Net income attributable to NTT | ¥ 518,066 | ¥ 585,473 | ¥ 521,932 |
Transfers (to) from the noncontrolling interests: | |||
Increase in additional paid-in capital attributable to tax effect by NTT DOCOMO's share repurchase of its common stock (Note 12) | 34,823 | ||
Decrease in additional paid-in capital attributable to change in NTT's ownership interest by NTT DOCOMO's share repurchase of its common stock | (14,802) | ||
Other | (2,600) | (1,069) | (4,553) |
Total | (138,937) | 3,662 | 1,317 |
Change from net income attributable to NTT's shareholders and transfers from the noncontrolling interests | 535,487 | 584,404 | 517,379 |
Parent | |||
Transfers (to) from the noncontrolling interests: | |||
Total | ¥ 17,421 | ¥ (1,069) | ¥ (4,553) |
Fair Value Measurements (Schedu
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | |
Domestic Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | ¥ 227,001 | ¥ 126,422 | |
Foreign Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 158,321 | 136,171 | |
Domestic Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 29,204 | 27,745 | |
Foreign Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 40,413 | 29,244 | |
Forward Exchange Contracts | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | 2,537 | 1,048 | |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | 753 | 522 | |
Interest Rate Swap Agreements | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | 1 | 664 | |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | 3,327 | 2,043 | |
Currency Swap Agreement | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | 76,638 | 34,805 | |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | 777 | 571 | |
Currency Option Agreements | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | 474 | 290 | |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | 80 | 85 | |
Forward Contracts | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | 145 | ||
Fair Value, Inputs, Level 1 | Domestic Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [1] | 227,001 | 126,419 |
Fair Value, Inputs, Level 1 | Foreign Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [1] | 158,321 | 136,171 |
Fair Value, Inputs, Level 1 | Domestic Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [1] | 202 | 212 |
Fair Value, Inputs, Level 1 | Foreign Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [1] | 11 | 10 |
Fair Value, Inputs, Level 2 | Domestic Equity Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [2] | 3 | |
Fair Value, Inputs, Level 2 | Domestic Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [2] | 28,716 | 24,821 |
Fair Value, Inputs, Level 2 | Foreign Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [2] | 40,402 | 29,234 |
Fair Value, Inputs, Level 2 | Forward Exchange Contracts | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | [2] | 2,537 | 1,048 |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | [2] | 753 | 522 |
Fair Value, Inputs, Level 2 | Interest Rate Swap Agreements | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | [2] | 1 | 664 |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | [2] | 3,327 | 2,043 |
Fair Value, Inputs, Level 2 | Currency Swap Agreement | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | [2] | 76,638 | 34,805 |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | [2] | 777 | 571 |
Fair Value, Inputs, Level 2 | Currency Option Agreements | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, assets measured on recurring basis, derivative financial instruments, assets | [2] | 474 | 290 |
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | [2] | 80 | 85 |
Fair Value, Inputs, Level 2 | Forward Contracts | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value, liabilities measured on recurring basis, derivative financial instruments, liabilities | [2] | 145 | |
Fair Value, Inputs, Level 3 | Domestic Debt Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [3] | ¥ 286 | ¥ 2,712 |
[1] | Quoted prices for identical assets or liabilities in active markets | ||
[2] | Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data | ||
[3] | Unobservable inputs |
Fair Value Measurements (Sch105
Fair Value Measurements (Schedule Of Assets And Liabilities Measured At Fair Value On Nonrecurring Basis) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate | ¥ 7,999 | ¥ 2,888 | |
Investments in affiliated companies | 44,968 | ||
Cost method investments | 116 | 128 | |
Goodwill | 2,136 | ||
Long-lived assets | 3,518 | 9,135 | |
Fair Value, Inputs, Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Long-lived assets | [1] | 107 | |
Fair Value, Inputs, Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate | [2] | 7,999 | 2,888 |
Investments in affiliated companies | [2] | 44,968 | |
Cost method investments | [2] | 116 | 128 |
Goodwill | [2] | 2,136 | |
Long-lived assets | [2] | 3,411 | 9,135 |
Impairment Losses (Before Tax) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate | 1,187 | 651 | |
Investments in affiliated companies | 51,279 | ||
Cost method investments | 2,016 | 2,108 | |
Goodwill | 3,464 | ||
Long-lived assets | ¥ 38,739 | ¥ 5,738 | |
[1] | Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs derived principally from observable market data | ||
[2] | Unobservable inputs |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) | 12 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rate used for weighted average cost of capital | 12.60% | |
Goodwill | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rate used for weighted average cost of capital | 11.00% | |
Growth rate | 3.00% | |
Long Lived Assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rate used for weighted average cost of capital | 5.00% | |
Investment In Related Party | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rate used for weighted average cost of capital | 12.60% |
Segment And Geographic Infor107
Segment And Geographic Information (Schedule Of Sales And Operating Revenue) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Revenues | ¥ 11,095,317 | ¥ 10,925,174 | ¥ 10,700,740 |
Operating Segments | Regional Communications Business | |||
Segment Reporting Information [Line Items] | |||
Revenues | 3,505,519 | 3,572,310 | 3,659,820 |
Operating Segments | Regional Communications Business | External Customers | |||
Segment Reporting Information [Line Items] | |||
Revenues | 3,032,292 | 3,129,362 | 3,204,258 |
Operating Segments | Regional Communications Business | Intersegment | |||
Segment Reporting Information [Line Items] | |||
Revenues | 473,227 | 442,948 | 455,562 |
Operating Segments | Long Distance And International Communications Business | |||
Segment Reporting Information [Line Items] | |||
Revenues | 1,998,641 | 1,809,902 | 1,657,947 |
Operating Segments | Long Distance And International Communications Business | External Customers | |||
Segment Reporting Information [Line Items] | |||
Revenues | 1,906,784 | 1,713,439 | 1,554,706 |
Operating Segments | Long Distance And International Communications Business | Intersegment | |||
Segment Reporting Information [Line Items] | |||
Revenues | 91,857 | 96,463 | 103,241 |
Operating Segments | Mobile Communications Business | |||
Segment Reporting Information [Line Items] | |||
Revenues | 4,383,397 | 4,461,203 | 4,470,122 |
Operating Segments | Mobile Communications Business | External Customers | |||
Segment Reporting Information [Line Items] | |||
Revenues | 4,340,317 | 4,422,614 | 4,431,032 |
Operating Segments | Mobile Communications Business | Intersegment | |||
Segment Reporting Information [Line Items] | |||
Revenues | 43,080 | 38,589 | 39,090 |
Operating Segments | Data Communications Business | |||
Segment Reporting Information [Line Items] | |||
Revenues | 1,511,019 | 1,343,855 | 1,303,516 |
Operating Segments | Data Communications Business | External Customers | |||
Segment Reporting Information [Line Items] | |||
Revenues | 1,401,348 | 1,221,481 | 1,154,143 |
Operating Segments | Data Communications Business | Intersegment | |||
Segment Reporting Information [Line Items] | |||
Revenues | 109,671 | 122,374 | 149,373 |
Operating Segments | Other | |||
Segment Reporting Information [Line Items] | |||
Revenues | 1,272,240 | 1,328,526 | 1,251,862 |
Operating Segments | Other | External Customers | |||
Segment Reporting Information [Line Items] | |||
Revenues | 414,576 | 438,278 | 356,601 |
Operating Segments | Other | Intersegment | |||
Segment Reporting Information [Line Items] | |||
Revenues | 857,664 | 890,248 | 895,261 |
Consolidation, Eliminations | |||
Segment Reporting Information [Line Items] | |||
Revenues | ¥ (1,575,499) | ¥ (1,590,622) | ¥ (1,642,527) |
Segment And Geographic Infor108
Segment And Geographic Information (Schedule Of Segment Profit) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Consolidated operating income | ¥ 1,084,566 | ¥ 1,213,653 | ¥ 1,201,968 |
Other income | 49,408 | 172,082 | 92,995 |
Equity in earnings (Losses) of affiliated companies | 5,889 | (50,792) | (16,093) |
Other expenses | 67,345 | 91,540 | 97,316 |
Income before income taxes and equity in earnings (losses) of affiliated companies | 1,066,629 | 1,294,195 | 1,197,647 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 1,072,021 | 1,195,960 | 1,189,779 |
Operating Segments | Regional Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 168,860 | 127,240 | 92,965 |
Equity in earnings (Losses) of affiliated companies | (59) | 203 | 213 |
Operating Segments | Long Distance And International Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 113,568 | 127,476 | 121,293 |
Equity in earnings (Losses) of affiliated companies | 916 | 1,895 | 622 |
Operating Segments | Mobile Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 635,751 | 817,230 | 836,446 |
Equity in earnings (Losses) of affiliated companies | (14,798) | (78,311) | (35,885) |
Operating Segments | Data Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 86,361 | 67,916 | 85,818 |
Equity in earnings (Losses) of affiliated companies | 87 | 228 | 106 |
Operating Segments | Other | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | 67,481 | 56,098 | 53,257 |
Equity in earnings (Losses) of affiliated companies | 19,743 | 25,193 | 18,851 |
Consolidation, Eliminations | |||
Segment Reporting Information [Line Items] | |||
Consolidated operating income | ¥ 12,545 | ¥ 17,693 | ¥ 12,189 |
Segment And Geographic Infor109
Segment And Geographic Information (Schedule Of Segment Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | |||
Consolidated total assets | ¥ 20,702,427 | ¥ 20,284,949 | ¥ 19,549,067 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 29,497,017 | 29,592,314 | 28,564,692 |
Operating Segments | Regional Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 7,041,285 | 7,162,076 | 7,337,100 |
Operating Segments | Long Distance And International Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 2,609,666 | 2,314,780 | 1,871,626 |
Operating Segments | Mobile Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 7,326,360 | 7,676,820 | 7,336,070 |
Operating Segments | Data Communications Business | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 1,930,349 | 1,774,562 | 1,597,446 |
Operating Segments | Other | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | 10,589,357 | 10,664,076 | 10,422,450 |
Consolidation, Eliminations | |||
Segment Reporting Information [Line Items] | |||
Consolidated total assets | ¥ (8,794,590) | ¥ (9,307,365) | ¥ (9,015,625) |
Segment And Geographic Infor110
Segment And Geographic Information (Schedule Of Other Significant Items) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | ¥ 1,827,998 | ¥ 1,880,293 | ¥ 1,899,245 |
Capital investments for segment assets | 1,817,523 | 1,892,763 | 1,969,975 |
Point program expenses | 77,843 | 79,034 | 81,773 |
Impairment of long-lived assets | 38,739 | 5,738 | 5,416 |
Goodwill impairment losses | 3,464 | 30,323 | |
Long Distance And International Communications Business | |||
Segment Reporting Information [Line Items] | |||
Goodwill impairment losses | 3,464 | 23,042 | |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 1,823,213 | 1,874,545 | 1,893,625 |
Operating Segments | Regional Communications Business | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 734,518 | 751,906 | 794,246 |
Capital investments for segment assets | 666,164 | 722,829 | 786,004 |
Point program expenses | 8,803 | 7,713 | 5,801 |
Impairment of long-lived assets | 1,640 | 36 | 347 |
Operating Segments | Long Distance And International Communications Business | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 162,610 | 149,734 | 142,309 |
Capital investments for segment assets | 198,112 | 168,413 | 147,503 |
Point program expenses | 1,335 | 484 | 1,321 |
Impairment of long-lived assets | 1,732 | 279 | 648 |
Goodwill impairment losses | 3,464 | 23,042 | |
Operating Segments | Mobile Communications Business | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 663,344 | 719,132 | 701,658 |
Capital investments for segment assets | 661,765 | 703,124 | 753,660 |
Point program expenses | 67,705 | 70,837 | 74,651 |
Impairment of long-lived assets | 30,161 | 1,851 | |
Goodwill impairment losses | 7,281 | ||
Operating Segments | Data Communications Business | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 148,927 | 135,358 | 137,961 |
Capital investments for segment assets | 140,900 | 147,725 | 122,113 |
Impairment of long-lived assets | 2,358 | 3,526 | 1,719 |
Operating Segments | Other | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 113,814 | 118,415 | 117,451 |
Capital investments for segment assets | 150,582 | 150,672 | 160,695 |
Impairment of long-lived assets | 2,848 | 1,897 | 851 |
Consolidation, Eliminations | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | ¥ 4,785 | ¥ 5,748 | ¥ 5,620 |
Segment and geographic infor111
Segment and geographic information - Additional Information (Detail) - JPY (¥) ¥ in Millions | Jul. 01, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Segment Reporting Information [Line Items] | |||
Effect of change in estimates on income before income taxes and equity in earnings (losses) of affiliated companies | ¥ 51,307 | ¥ 23,264 | |
Maximum | |||
Segment Reporting Information [Line Items] | |||
Finite-lived intangible assets, average useful life, years | 7 years | ||
Regional Communications Business | |||
Segment Reporting Information [Line Items] | |||
Effect of change in estimates on income before income taxes and equity in earnings (losses) of affiliated companies | ¥ 23,264 |
Segment and geographic infor112
Segment and geographic information (Schedule of Operating Revenue) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Operating revenue | ¥ 11,095,317 | ¥ 10,925,174 | ¥ 10,700,740 |
Domestic | |||
Segment Reporting Information [Line Items] | |||
Operating revenue | 9,509,891 | 9,729,179 | 9,746,669 |
Foreign | |||
Segment Reporting Information [Line Items] | |||
Operating revenue | ¥ 1,585,426 | ¥ 1,195,995 | ¥ 954,071 |
Leases (Schedule Of Capital Lea
Leases (Schedule Of Capital Leased Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Property, Plant and Equipment [Line Items] | ||
Accumulated depreciation | ¥ (59,554) | ¥ (55,791) |
Total | 45,898 | 42,782 |
Buildings | ||
Property, Plant and Equipment [Line Items] | ||
Capital leased assets | 18,757 | 10,291 |
Machinery, vehicles and tools | ||
Property, Plant and Equipment [Line Items] | ||
Capital leased assets | ¥ 86,695 | ¥ 88,282 |
Leases (Schedule Of Future Mini
Leases (Schedule Of Future Minimum Lease Payments For Capital Leases) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Leases Disclosure [Line Items] | ||
2,016 | ¥ 21,900 | |
2,017 | 16,968 | |
2,018 | 11,480 | |
2,019 | 6,579 | |
2,020 | 3,601 | |
Thereafter | 8,653 | |
Total minimum lease payments | 69,181 | |
Less - Amount representing interest | 14,195 | |
Present value of net minimum lease payments | 54,986 | |
Less - Current obligation | 20,604 | ¥ 16,929 |
Long-term capital lease obligations | ¥ 34,382 | ¥ 35,951 |
Leases - Additional Information
Leases - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Land, Buildings, And Equipment | |||
Leases Disclosure [Line Items] | |||
Operating leases, rental expenses | ¥ 267,544 | ¥ 246,211 | ¥ 227,024 |
Leases (Schedule Of Future M116
Leases (Schedule Of Future Minimum Rental Payments For Operating Leases) (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Property, Plant and Equipment [Line Items] | |
2,016 | ¥ 38,230 |
2,017 | 28,367 |
2,018 | 21,203 |
2,019 | 16,341 |
2,020 | 10,571 |
Thereafter | 22,410 |
Total | ¥ 137,122 |
Research and Development Exp117
Research and Development Expenses and Advertising Costs - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Research And Development Expenses And Advertising Costs [Line Items] | |||
Research and development expenses | ¥ 233,752 | ¥ 249,295 | ¥ 269,192 |
Advertising costs | ¥ 101,266 | ¥ 98,858 | ¥ 104,209 |
Foreign Currency Exchange Ga118
Foreign Currency Exchange Gain And Loss - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Foreign Currency Exchange Gain And Loss [Line Items] | |||
Foreign currency transaction (loss) gain, before tax | ¥ 96 | ¥ 11,893 | ¥ 3,250 |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Deferred net gains (losses) on derivative instruments in accumulated other comprehensive income (loss) that is expected to be reclassified as earnings during the next twelve months | ¥ 906 | |
Fair Value Hedging | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Notional principal amount of derivatives | ¥ 638 |
Financial Instruments (Schedule
Financial Instruments (Schedule Of Changes In Fair Value Of Derivatives Designated As Fair Value Hedges And Hedged Items Recognized In Consolidated Statements Of Income) (Detail) - Other Income (Expense), Net - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Changes in the fair value of the derivatives | ¥ (57) | ¥ 57 | ¥ 0 |
Changes in the fair value of the hedged items | ¥ 57 | ¥ (57) | ¥ 0 |
Financial Instruments (Sched121
Financial Instruments (Schedule Of Notional Amounts Of Outstanding Derivative Positions) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Not Designated as Hedging Instrument | Forward Exchange Contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | ¥ 64,466 | ¥ 49,125 |
Not Designated as Hedging Instrument | Interest Rate Swap Agreements | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 271,471 | 337,010 |
Not Designated as Hedging Instrument | Currency Swap Agreement | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 4,300 | |
Not Designated as Hedging Instrument | Currency Option Agreements | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 48,740 | 85,338 |
Not Designated as Hedging Instrument | Forward Contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 3,499 | |
Designated as Hedging Instrument | Forward Exchange Contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 20,022 | 8,442 |
Designated as Hedging Instrument | Interest Rate Swap Agreements | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | 138,912 | 78,242 |
Designated as Hedging Instrument | Currency Swap Agreement | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional principal amount of derivatives | ¥ 209,968 | ¥ 147,798 |
Financial Instruments (Sched122
Financial Instruments (Schedule Of Changes In Fair Value Of Cash Flow Hedges Recorded In Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Derivative [Line Items] | |||
Change in fair value of cash flow hedges recorded in other comprehensive income (loss) | ¥ 2,903 | ¥ (4,895) | ¥ (4,736) |
Cash Flow Hedge | |||
Derivative [Line Items] | |||
Change in fair value of cash flow hedges recorded in other comprehensive income (loss) | 221 | (5,487) | |
Cash Flow Hedge | Forward Exchange Contracts | |||
Derivative [Line Items] | |||
Change in fair value of cash flow hedges recorded in other comprehensive income (loss) | 67 | (311) | |
Cash Flow Hedge | Interest Rate Swap Agreements | |||
Derivative [Line Items] | |||
Change in fair value of cash flow hedges recorded in other comprehensive income (loss) | (1,457) | (136) | |
Cash Flow Hedge | Currency Swap Agreement | |||
Derivative [Line Items] | |||
Change in fair value of cash flow hedges recorded in other comprehensive income (loss) | ¥ 1,611 | ¥ (5,040) |
Financial Instruments (Sched123
Financial Instruments (Schedule Of Amounts Of Gain (Loss) On Cash Flow Hedges Reclassified From Accumulated Other Comprehensive Income (Loss) Into Net Income (Detail) - Cash Flow Hedge - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Derivative [Line Items] | |||
Derivative instruments, gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings , effective portion, net | ¥ 2,494 | ¥ 2,110 | ¥ 2,457 |
Forward Exchange Contracts | |||
Derivative [Line Items] | |||
Derivative instruments, income statement location of gain (loss) reclassified from accumulated other comprehensive income (loss) | Other, net | ||
Derivative instruments, gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings , effective portion, net | ¥ (1,990) | 121 | 9 |
Interest Rate Swap Agreements | |||
Derivative [Line Items] | |||
Derivative instruments, income statement location of gain (loss) reclassified from accumulated other comprehensive income (loss) | Other, net | ||
Derivative instruments, gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings , effective portion, net | ¥ (1,001) | (576) | (914) |
Currency Swap Agreement | |||
Derivative [Line Items] | |||
Derivative instruments, income statement location of gain (loss) reclassified from accumulated other comprehensive income (loss) | Other, net | ||
Derivative instruments, gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings , effective portion, net | ¥ 5,485 | ¥ 2,565 | ¥ 3,362 |
Financial Instruments (Sched124
Financial Instruments (Schedule Of Changes In The Fair Value Of The Derivatives Not Designated As Hedging Instruments Recorded In The Consolidated Statements Of Income) (Detail) - Not Designated as Hedging Instrument - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | |
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ (3,446) | ¥ 4,399 | ¥ 30 |
Forward Exchange Contracts | |||
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, line item on income statement for gain (loss) | Other, net | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ (1,613) | 1,779 | (815) |
Interest Rate Swap Agreements | |||
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, line item on income statement for gain (loss) | Other, net | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ (432) | 575 | 152 |
Currency Swap Agreement | |||
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, line item on income statement for gain (loss) | Other, net | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ (1,457) | 1,460 | (34) |
Currency Option Agreements | |||
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, line item on income statement for gain (loss) | Other, net | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ 201 | ¥ 585 | ¥ 727 |
Forward Contracts | |||
Derivative [Line Items] | |||
Derivative instruments not designated as hedging instruments, line item on income statement for gain (loss) | Other, net | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | ¥ (145) |
Financial Instruments (Sched125
Financial Instruments (Schedule Of Estimated Fair Value Of Financial Instruments) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Long-term debt including current portion, Carrying amount | ¥ 4,059,104 | ¥ 3,909,024 |
Long-term debt including current portion, Fair value | ¥ 4,200,707 | ¥ 4,108,377 |
Financial Instruments (Sched126
Financial Instruments (Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, assets, at fair value | ¥ 78,294 | ¥ 33,791 |
Other derivatives not designated as hedging instruments assets at fair value | 1,356 | 3,017 |
Derivative assets | 79,650 | 36,808 |
Derivative instruments in hedges, liabilities, at fair value | 3,698 | 2,049 |
Other derivatives not designated as hedging instruments liabilities at fair value | 1,385 | 1,171 |
Derivative liabilities | 5,083 | 3,220 |
Forward Exchange Contracts | Prepaid Expenses and Other Current Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, assets, at fair value | 1,437 | 382 |
Other derivatives not designated as hedging instruments assets at fair value | 879 | 579 |
Forward Exchange Contracts | Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, assets, at fair value | 219 | |
Other derivatives not designated as hedging instruments assets at fair value | 2 | 88 |
Forward Exchange Contracts | Other Current Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, liabilities, at fair value | 1 | 13 |
Other derivatives not designated as hedging instruments liabilities at fair value | 469 | 473 |
Forward Exchange Contracts | Other Long-Term Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments liabilities at fair value | 284 | 35 |
Interest Rate Swap Agreements | Prepaid Expenses and Other Current Assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, assets, at fair value | 60 | |
Other derivatives not designated as hedging instruments assets at fair value | 0 | |
Interest Rate Swap Agreements | Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments assets at fair value | 1 | 604 |
Interest Rate Swap Agreements | Other Current Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, liabilities, at fair value | 125 | 26 |
Other derivatives not designated as hedging instruments liabilities at fair value | 211 | 124 |
Interest Rate Swap Agreements | Other Long-Term Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, liabilities, at fair value | 2,795 | 1,439 |
Other derivatives not designated as hedging instruments liabilities at fair value | 196 | 454 |
Currency Swap Agreement | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, assets, at fair value | 76,638 | 33,349 |
Currency Swap Agreement | Prepaid Expenses and Other Current Assets | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments assets at fair value | 1,456 | |
Currency Swap Agreement | Other Long-Term Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative instruments in hedges, liabilities, at fair value | 777 | 571 |
Currency Option Agreements | Prepaid Expenses and Other Current Assets | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments assets at fair value | 8 | |
Currency Option Agreements | Other Assets | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments assets at fair value | 474 | 282 |
Currency Option Agreements | Other Current Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments liabilities at fair value | 11 | |
Currency Option Agreements | Other Long-Term Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments liabilities at fair value | 80 | ¥ 74 |
Forward Contracts | Other Current Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Other derivatives not designated as hedging instruments liabilities at fair value | ¥ 145 |
Financing Receivables (Allowanc
Financing Receivables (Allowance For Credit Losses And Financing Receivables) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | ¥ 25,014 | ¥ 27,903 |
Provision | 5,107 | 2,287 |
Charge off | (5,769) | (5,299) |
Recovery | 85 | 123 |
Allowance for credit losses, Balance | 24,437 | 25,014 |
Allowance for credit losses, collectively evaluated for impairment | 14,742 | 11,894 |
Allowance for credit losses, individually evaluated for impairment | 9,695 | 13,120 |
Financing receivable, Balance | 1,725,754 | 1,533,918 |
Financing receivable, collectively evaluated for impairment | 1,714,791 | 1,515,565 |
Financing receivable, individually evaluated for impairment | 10,963 | 18,353 |
Installment Sales Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | 4,687 | 6,829 |
Provision | 1,161 | (797) |
Charge off | (194) | (1,351) |
Recovery | 4 | 6 |
Allowance for credit losses, Balance | 5,658 | 4,687 |
Allowance for credit losses, collectively evaluated for impairment | 5,382 | 4,387 |
Allowance for credit losses, individually evaluated for impairment | 276 | 300 |
Financing receivable, Balance | 971,269 | 796,039 |
Financing receivable, collectively evaluated for impairment | 970,886 | 795,693 |
Financing receivable, individually evaluated for impairment | 383 | 346 |
Lease Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | 8,331 | 11,423 |
Provision | (971) | (1,384) |
Charge off | (1,228) | (1,820) |
Recovery | 78 | 112 |
Allowance for credit losses, Balance | 6,210 | 8,331 |
Allowance for credit losses, collectively evaluated for impairment | 2,095 | 3,155 |
Allowance for credit losses, individually evaluated for impairment | 4,115 | 5,176 |
Financing receivable, Balance | 381,086 | 355,374 |
Financing receivable, collectively evaluated for impairment | 376,605 | 349,716 |
Financing receivable, individually evaluated for impairment | 4,481 | 5,658 |
Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | 5,000 | 6,154 |
Provision | (1,774) | (981) |
Charge off | (2,265) | (175) |
Recovery | 2 | |
Allowance for credit losses, Balance | 961 | 5,000 |
Allowance for credit losses, collectively evaluated for impairment | 344 | 1,360 |
Allowance for credit losses, individually evaluated for impairment | 617 | 3,640 |
Financing receivable, Balance | 80,895 | 111,316 |
Financing receivable, collectively evaluated for impairment | 79,545 | 103,010 |
Financing receivable, individually evaluated for impairment | 1,350 | 8,306 |
Credit Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | 2,991 | 3,390 |
Provision | 6,008 | 1,551 |
Charge off | (2,082) | (1,953) |
Recovery | 3 | 3 |
Allowance for credit losses, Balance | 6,920 | 2,991 |
Allowance for credit losses, collectively evaluated for impairment | 6,920 | 2,991 |
Financing receivable, Balance | 287,305 | 266,976 |
Financing receivable, collectively evaluated for impairment | 287,305 | 266,976 |
Other Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for credit losses, Balance | 4,005 | 107 |
Provision | 683 | 3,898 |
Allowance for credit losses, Balance | 4,688 | 4,005 |
Allowance for credit losses, collectively evaluated for impairment | 1 | 1 |
Allowance for credit losses, individually evaluated for impairment | 4,687 | 4,004 |
Financing receivable, Balance | 5,199 | 4,213 |
Financing receivable, collectively evaluated for impairment | 450 | 170 |
Financing receivable, individually evaluated for impairment | ¥ 4,749 | ¥ 4,043 |
Financing Receivables (Schedule
Financing Receivables (Schedule Of Financing Receivables Non Accrual Status) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | ¥ 10,686 | ¥ 17,834 |
Installment Sales Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 92 | 144 |
Lease Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,728 | 4,447 |
Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,862 | 8,502 |
Credit Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,034 | 801 |
Other Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | ¥ 3,970 | ¥ 3,940 |
Financing Receivables (Age Of T
Financing Receivables (Age Of The Recorded Investment In Financing Receivables) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2015 | Mar. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | ¥ 1,693,658 | ¥ 1,465,993 |
1 to 89 days past due, Performing | 10,262 | 8,440 |
Greater than 90 days past due, Nonperforming | 10,928 | 11,399 |
Total | 1,714,848 | 1,485,832 |
Greater than 90 days and accruing | 155 | 436 |
Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | 267,046 | 229,570 |
Past due | 2,168 | 8,949 |
Total | 269,214 | 238,519 |
Past due and accruing | 0 | 0 |
Installment Sales Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | 966,759 | 791,923 |
1 to 89 days past due, Performing | 2,516 | 2,392 |
Greater than 90 days past due, Nonperforming | 1,994 | 1,724 |
Total | 971,269 | 796,039 |
Greater than 90 days and accruing | 12 | 10 |
Lease Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | 444,634 | 407,327 |
1 to 89 days past due, Performing | 1,938 | 3,721 |
Greater than 90 days past due, Nonperforming | 3,871 | 4,877 |
Total | 450,443 | 415,925 |
Greater than 90 days and accruing | 143 | 426 |
Credit Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | 280,463 | 263,848 |
1 to 89 days past due, Performing | 5,808 | 2,327 |
Greater than 90 days past due, Nonperforming | 1,034 | 801 |
Total | 287,305 | 266,976 |
Other Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current, Performing | 1,802 | 2,895 |
Greater than 90 days past due, Nonperforming | 4,029 | 3,997 |
Total | ¥ 5,831 | ¥ 6,892 |
Financing Receivables (Impaired
Financing Receivables (Impaired Financing Receivables) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment | ¥ 932 | ¥ 8,203 |
Related Allowance | 837 | 3,593 |
Unpaid Principal Balance | 932 | 8,203 |
Average Recorded Investment | 4,464 | 8,176 |
No Related Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment | 922 | 319 |
Unpaid Principal Balance | 1,141 | 704 |
Average Recorded Investment | ¥ 707 | ¥ 69 |
Commitments And Contingent L131
Commitments And Contingent Liabilities (Schedule Of The Aggregate Amount Of Payments For Commitments Outstanding) (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Commitments and Contingencies Disclosure [Line Items] | |
2,016 | ¥ 690,651 |
2,017 | 55,796 |
2,018 | 38,176 |
2,019 | 29,724 |
2,020 | 4,775 |
Thereafter | 5,507 |
Total | ¥ 824,629 |
Commitments and Contingent L132
Commitments and Contingent Liabilities - Additional Information (Detail) ¥ in Millions | Mar. 31, 2015JPY (¥) |
Commitments and Contingencies Disclosure [Line Items] | |
Loans guaranteed | ¥ 70,825 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) ¥ in Millions | Jun. 30, 2015 | Jun. 22, 2015JPY (¥) | Mar. 31, 2015JPY (¥) | Mar. 31, 2014JPY (¥) | Mar. 31, 2013JPY (¥) |
Subsequent Event [Line Items] | |||||
Cash outflows related to acquisitions | ¥ 42,217 | ¥ 211,195 | ¥ 38,490 | ||
Scenario, Forecast | |||||
Subsequent Event [Line Items] | |||||
Stock split | 2 | ||||
Subsequent Event | German Data Center Services Provider E-shelter | |||||
Subsequent Event [Line Items] | |||||
Percentage of outstanding shares acquired | 86.70% | ||||
Cash outflows related to acquisitions | ¥ 99,856 |
Schedule II - Valuation And Qua
Schedule II - Valuation And Qualifying Accounts (Schedule Of Valuation Allowance) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2013 | ||
Allowance for Doubtful Accounts | ||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Valuation allowances, beginning balance | ¥ 46,893 | ¥ 44,961 | ¥ 48,356 | |
Additions charged to costs and expenses | 28,504 | 37,197 | 24,701 | |
Deductions | [1] | (32,167) | (35,265) | (28,096) |
Valuation allowances, ending balance | 43,230 | 46,893 | 44,961 | |
Valuation Allowance of Deferred Tax Assets | ||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Valuation allowances, beginning balance | 259,921 | 253,693 | 242,158 | |
Additions charged to costs and expenses | 26,839 | 20,473 | 19,287 | |
Additions Charged to other Accounts | [2] | 17,449 | 24,793 | 12,920 |
Deductions | [3] | (38,259) | (39,038) | (20,672) |
Valuation allowances, ending balance | ¥ 265,950 | ¥ 259,921 | ¥ 253,693 | |
[1] | Primarily amounts written off. | |||
[2] | Charged to other Accounts of Additions in the table above mainly consist of foreign currency translation adjustments. | |||
[3] | Deductions in the table above mainly consist of changes in estimates of the realizability of deferred tax assets. The amounts of change in estimates of the realizability of deferred tax assets for the years ended March 31, 2013, 2014 and 2015 are presented in note 12. In addition, the deduction in the table above for the year ended March 31, 2015 includes the impact of a ¥15,838 million decrease as a result of a change in the statutory tax rate applied to the calculation of the amount of deferred tax assets and liabilities. |
Schedule II - Valuation And 135
Schedule II - Valuation And Qualifying Accounts (Schedule Of Valuation Allowance) (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2015JPY (¥) | |
Valuation allowance due to state tax rate adjustment | |
Valuation and Qualifying Accounts Disclosure [Line Items] | |
Deductions | ¥ (15,838) |