NTT dividend 9432 is planned at ¥5.40 per ordinary share for the fiscal year ending March 31, 2027, up from ¥5.30 for the year ended March 31, 2026. NTT also authorized a share-repurchase program of up to ¥200 billion. Those two facts describe the company’s stated shareholder-return policy; they do not establish a dividend yield, future share-price return or a recommendation to buy the Tokyo-listed share.
For an international reader, the useful starting point is simple: NTT, Inc. trades on the Tokyo Stock Exchange Prime Market under code 9432, in yen. The FY2027 amount is a company forecast, while the FY2026 ¥5.30 amount was the completed annual dividend. Keeping that distinction clear avoids treating a plan as a completed cash payment.
Key takeaways
- NTT reported a ¥5.30 annual dividend for FY2025, the year ended March 31, 2026, and forecasts ¥5.40 for FY2026, ending March 31, 2027.
- If paid as planned, ¥5.40 would be NTT’s 16th consecutive annual dividend increase, according to the company’s shareholder-return page.
- The board authorized repurchases of up to ¥200 billion from May 11, 2026 through March 31, 2027. An authorization is a ceiling, not evidence that the entire amount has been spent or retired.
- NTT’s FY2025 consolidated payout ratio was 42.0%; its FY2026 forecast payout ratio is 44.6%. The company reported FY2025 operating cash flow of ¥1.485 trillion and investing cash flow of ¥1.023 trillion.
- A chart can help identify the Tokyo ordinary share, but corporate actions and dividend figures should be checked against NTT’s own disclosures.
What NTT’s ¥5.40 dividend plan actually means
NTT’s FY2025 financial-results release records a completed annual dividend of ¥5.30 per share for the fiscal year ended March 31, 2026: ¥2.65 interim and ¥2.65 year-end. For the following fiscal year, ending March 31, 2027, it forecasts ¥2.70 for each half, or ¥5.40 for the full year.
That makes the ¥5.40 figure useful, but conditional. It is management’s full-year forecast published on May 8, 2026, not a final declaration already paid to shareholders. NTT’s shareholder-return page, updated May 14, 2026, says the plan would make 16 consecutive annual dividend increases. The same page notes that its historical per-share data are adjusted for NTT’s past stock splits, which matters when comparing older figures.
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| NTT fiscal year | Annual dividend per ordinary share | Status at September 13, 2026 | Consolidated payout ratio | Source |
|---|---|---|---|---|
| FY2024, ended March 2025 | ¥5.20 | Completed | 43.5% | NTT FY2025 results release |
| FY2025, ended March 2026 | ¥5.30 | Completed | 42.0% | NTT FY2025 results release |
| FY2026, ending March 2027 | ¥5.40 | Company forecast | 44.6% forecast | NTT FY2025 results release |
The table uses NTT’s fiscal-year labels and its consolidated payout-ratio definitions. It does not calculate dividend yield because a yield needs a specific, dated share price and can change independently of the per-share dividend.
The cash-flow context behind the dividend
NTT’s consolidated FY2025 revenue was ¥14.409 trillion, operating profit was ¥1.706 trillion, and profit attributable to NTT was ¥1.037 trillion. Its reported operating cash flow was ¥1.485 trillion; investing cash flow was ¥1.023 trillion. These are completed figures for the year ended March 31, 2026, not FY2027 forecasts. NTT’s official release provides the IFRS statements and the company’s per-share data.
The difference between operating and investing cash flow is not a substitute for a formal free-cash-flow measure, because a reader needs to understand what NTT includes in investment and financing decisions. It is nevertheless useful context: the dividend policy operates alongside a capital-intensive network, data-center and services business. A higher per-share dividend and a lower payout ratio can coexist when profit or the share count changes, so neither figure should be read alone.
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| FY2025 completed measure | Amount | Definition / period | Source |
|---|---|---|---|
| Operating revenues | ¥14,409.121bn | Consolidated year ended March 31, 2026 | NTT FY2025 results release |
| Operating profit | ¥1,706.221bn | Consolidated year ended March 31, 2026 | NTT FY2025 results release |
| Profit attributable to NTT | ¥1,037.032bn | Consolidated year ended March 31, 2026 | NTT FY2025 results release |
| Cash flow from operating activities | ¥1,485.190bn | Consolidated year ended March 31, 2026 | NTT FY2025 results release |
| Cash flow from investing activities | ¥1,023.424bn outflow | Consolidated year ended March 31, 2026 | NTT FY2025 results release |
For readers building a Tokyo-market research checklist, ATG Press’s Japan stock lot-size guide explains why the standard trading unit matters alongside a per-share dividend, and its Japan dividend payment-dates guide explains why a declared amount and the cash-arrival date are separate questions. Those practical details do not change NTT’s policy, but they help avoid mixing a corporate filing with a trading convention.
How to read the ¥200 billion repurchase authorization
NTT’s board authorized acquisitions of treasury stock worth up to ¥200.0 billion on May 8, 2026. The stated acquisition period is May 11, 2026 to March 31, 2027. NTT describes ongoing dividend increases and flexible buybacks as its basic shareholder-return approach in its FY2025 results presentation and on the shareholder-return page.
A buyback authorization is not the same as a completed buyback. It sets an upper monetary amount and a period; subsequent status disclosures are needed to see how much NTT has actually acquired. It also does not specify, by itself, whether every repurchased share will be cancelled, held in treasury, or used for another disclosed corporate purpose. Those are separate capital-allocation questions.
For scale, NTT says aggregate buybacks conducted through FY2025 total approximately ¥5.9 trillion. That historical aggregate is useful context, but it should not be added to the FY2027 dividend plan or treated as a forecast of total shareholder return. The relevant next check is NTT’s next repurchase-status notice and results release.
NTT 9432 chart and the ordinary share
TradingView resolves `TSE:9432` to NTT Inc on the Tokyo Stock Exchange, denominated in JPY. The embedded chart is a context tool and may be delayed; it is not the source for the dividend, payout ratio or repurchase authorization. International readers should also distinguish the Tokyo ordinary share from any American depositary receipt (ADR), a separate depositary instrument that can have different trading hours, currency handling and terms.
The company’s FY2025 results list code 9432 and Tokyo as the listing market. Before using any third-party chart, broker screen or historical series, match the exchange prefix and ordinary-share code rather than relying on a company-name search alone.
What to check next
- Dividend declaration and interim payment: compare the next official decision with the ¥2.70-per-half FY2027 forecast.
- Repurchase status: check NTT’s timely disclosures for shares and yen actually acquired under the ¥200 billion authorization.
- Earnings and cash flow: test whether operating performance, investment needs and the payout-ratio framework continue to support management’s return-policy language.
- Security identity: use `TSE:9432` for the Tokyo ordinary share in the embedded chart, and label any ADR separately rather than assuming it is interchangeable.
Sources
- NTT, Financial Results Release for the Year Ended March 31, 2026 (IFRS), published May 8, 2026; data period ended March 31, 2026; accessed September 13, 2026.
- NTT, Shareholder Return, last updated May 14, 2026; accessed September 13, 2026.
- NTT, Financial Results for the Fourth Quarter of FY2025 ended March 31, 2026, published May 8, 2026; accessed September 13, 2026.
- TradingView, NTT Inc — TSE:9432, accessed September 13, 2026; used only to verify the chart instrument.
This article is for informational purposes only and does not constitute investment advice.
