Maintenance of an overwhelming market position in Japan's fixed-line and fiber-to-the-home (FTTH) markets Maintenance of a leading position and solid customer base in competitive mobile communications markets World-leading technology System integration (SI) business' increasing contribution to earnings Profitability slightly lower than the global average for telecom carriers Sound financial profile, supported by solid ability to generate cash flow Low likelihood of capital spending, mergers and acquisitions (M&A), and returns to shareholders eroding the group's current financial standing substantially The stable outlook on Japan-based telecommunications company Nippon Telegraph&Telephone Corp. (NTT) reflects S&P Global Ratings' view that profitability of the company's core businesses will rise gradually over the next one to two years thanks to cost reductions and moderately improved
