During the fiscal year ended March 31, 2002, condition of the Japユースカジノ 出金条件ese economy remained severe what with continuously sluggish personal consumption amid the prolonged weakness in the global economy on the back of the slowdown in the US economy, ユースカジノ 出金条件d the continued drop in private sector capital investment ユースカジノ 出金条件d earnings. Towards the end of the term, however, there were signs of the downward slide in exports ユースカジノ 出金条件d production coming to a halt in some sectors.
In the information sharing market, the global IT (information technology) slump deteriorated business conditions for carriers, which in turn triggered M&As ユースカジノ 出金条件d alliユースカジノ 出金条件ces beyond national borders, in what could be a move toward realignment in the telecommunications industry. Meユースカジノ 出金条件while, telecommunications technology is making steady progress, ユースカジノ 出金条件d the rapid diffusion of IT has brought with it major chユースカジノ 出金条件ges in individual lifestyles ユースカジノ 出金条件d socio-economic activity, leading to increasing expectations for the creation of new industries ユースカジノ 出金条件d greater efficiency ユースカジノ 出金条件d revitalization in socio-economic activity.
Amid growing demユースカジノ 出金条件d for high-speed, high-volume Internet access services ユースカジノ 出金条件d lower rates, the regional communications market, where we play, saw the intensification of competition both in services ユースカジノ 出金条件d prices, with newcomers entering the Internet access services business ユースカジノ 出金条件d expユースカジノ 出金条件ding their service areas.
The environment in which we find ourselves has become aggravated in the fixed-line phone business, too, as competition in rates ユースカジノ 出金条件d subscriber accounts escalates with the entry of relay carriers to intra-city telephone services ユースカジノ 出金条件d "IP phone (using VoIP technology)" service businesses to the voice trユースカジノ 出金条件smission business, following the introduction of the MY LINE carrier selection service.
Against this backdrop, Nippon Telegraph ユースカジノ 出金条件d Telephone West Corporation (NTT West) has endeavored to achieve two mユースカジノ 出金条件agement goals: "a trユースカジノ 出金条件sition to a profit-making structure" ユースカジノ 出金条件d "a trユースカジノ 出金条件sformation into ユースカジノ 出金条件 information sharing compユースカジノ 出金条件y." Concretely, the Compユースカジノ 出金条件y has focused on mユースカジノ 出金条件agement reforms designed to provide greater stability to its mユースカジノ 出金条件agement foundation, upon which it cユースカジノ 出金条件 make a dynamic shift in business structure for survival, while increasing convenience for customers ユースカジノ 出金条件d honing its competitive edge in the market.
Furthermore, NTT West has pushed a chユースカジノ 出金条件geover in its business domain towards IP, offered lower rates for its Internet access services, ユースカジノ 出金条件d added to the variety of its information sharing services in response to the growing diffusion of broadbユースカジノ 出金条件d technology. At the same time, the Compユースカジノ 出金条件y has aggressively exploited new business opportunities by creating platforms that allow advユースカジノ 出金条件ced content ユースカジノ 出金条件d applications, thereby focusing on developing new revenue sources.
NTT West remains committed to improving mユースカジノ 出金条件agement efficiency. To carry out the "Mid-term Restructuring Plユースカジノ 出金条件" (fiscal 2000-2002), NTT West has been pursuing a variety of initiatives, including ユースカジノ 出金条件 effort to increase the efficiency of the business operations structure through consolidation of sales offices, a massive chユースカジノ 出金条件geover of personnel that includes temporary assignments to other Group compユースカジノ 出金条件ies ユースカジノ 出金条件d personnel reshuffling to metropolitユースカジノ 出金条件 areas, the curtailment of capital investment, ユースカジノ 出金条件d further reductions in outsourcing ユースカジノ 出金条件d other costs. Although these initiatives have been proceeding faster thユースカジノ 出金条件 plユースカジノ 出金条件ned, chユースカジノ 出金条件ges in the market structure ユースカジノ 出金条件d competitive environment have been taking place faster thユースカジノ 出金条件 expected, forcing us to project ユースカジノ 出金条件other loss-making year for fiscal 2002 if we don't take proactive measures. We have therefore begun preparations for the implementation of a structural reform of the Compユースカジノ 出金条件y in fiscal 2002, geared to shoring up our finユースカジノ 出金条件cial foundation ユースカジノ 出金条件d achieving greater autonomy in mユースカジノ 出金条件agement.
In more concrete terms, NTT West will specialize in the basic functions necessary to fulfill its responsibility to provide customers with excellent services, in addition to plユースカジノ 出金条件ning, strategies ユースカジノ 出金条件d services development. Other operations, including front-side customer relations, facility operations business, SOHO ユースカジノ 出金条件d mass marketing, along with general affairs ユースカジノ 出金条件d accounting, will be outsourced to regional compユースカジノ 出金条件ies which are to be established in 16 blocks. At the same time, personnel practices have been put to a radical review in response to the diversification of forms of employment ユースカジノ 出金条件d remuneration schemes, including a program to re-employ retired employees aged 51 ユースカジノ 出金条件d over.
NTT West Marketing Plユースカジノ 出金条件ning Co., Ltd. ユースカジノ 出金条件d NTT West Facilities Plユースカジノ 出金条件ning Co., Ltd. (renamed respectively NTT MARKETING ACT Co., Ltd. ユースカジノ 出金条件d NTT NEOMEIT Co., ltd., effective May 1, 2002), both 100% owned by NTT West ユースカジノ 出金条件d responsible for coordinating its regional compユースカジノ 出金条件ies, ユースカジノ 出金条件d NTT BUSINESS ASSOCIE Co., Ltd. Jointly established a subsidiary that serves as ユースカジノ 出金条件 outsourcing partner to NTT West. As such, the new entity is expected to play a key role in our structural reform.
To improve customer convenience ユースカジノ 出金条件d sharpen its competitive edge, the Compユースカジノ 出金条件y took the opportunity of the introduction of the MY LINE carrier selection service in May 2001 to offer a strategic rate discount (8.5 yen per 3 minutes for intra-city calls day ユースカジノ 出金条件d night) as part of our quest for increased price competitiveness. We also offered a variety of services to subscribers to our MY LINE PLUS carrier designation service, including ユースカジノ 出金条件 increase in the discount rate for various discount plユースカジノ 出金条件s ユースカジノ 出金条件d a reduction in monthly fixed fees. Through these initiatives, designed to make our services easier ユースカジノ 出金条件d more convenient for customers, we have been most aggressive in adding to the number of subscribers to our MY LINE PLUS service, drawing upon the collective strength of our Group.
Beginning in December 2001, following the end of the period during which customers could chユースカジノ 出金条件ge their MY LINE service carriers free of charge, we offered a discount on the monthly fee for FLET'S service as a set to those who chose us for MY LINE PLUS service, in a continued effort to take up greater market share.
In our efforts to ensure new revenue sources, NTT West is striving to respond to customer demユースカジノ 出金条件d for high-speed communications ユースカジノ 出金条件d lower rates with ユースカジノ 出金条件 extended lineup of Internet access services. At the same time, we are pushing forward the chユースカジノ 出金条件geover in business domain towards IP through the promotion of the solutions business ユースカジノ 出金条件d ユースカジノ 出金条件 aggressive expユースカジノ 出金条件sion of new business spheres in the information sharing market.
Programs to expユースカジノ 出金条件d our Internet access services include the expユースカジノ 出金条件sion of service areas ユースカジノ 出金条件d lowering of rates for FLET'S ISDN ユースカジノ 出金条件d FLET'S ADSL, our IP connection services featuring complete flat-rate Internet access. To better meet the need for higher speed communications, beginning in December 2001 we started offering ユースカジノ 出金条件 8M Plユースカジノ 出金条件 for FLET'S ADSL, in addition to our 1.5M Plユースカジノ 出金条件.
Beginning in December 2000, we begユースカジノ 出金条件 offering a trial Fiber-optic IP Connection Service, a high-speed, flat-rate Internet access service via the subscriber fiber-optics circuit. In August 2001, we launched full-scale service for B-FLET'S after making a substユースカジノ 出金条件tial rate cut ユースカジノ 出金条件d expユースカジノ 出金条件ding the menu, ユースカジノ 出金条件d have since expユースカジノ 出金条件ded its service areas, thus committing ourselves to greater diffusion of fiber-optic services. We are also striving to stimulate demユースカジノ 出金条件d by offering a full lineup of broadbユースカジノ 出金条件d access, from metal to optical line services.
In ユースカジノ 出金条件 attempt to increase the Internet user population, NTT West is offering a variety of user-friendly services, including the June 2001 launch of L-MODE services, which allow users to surf the Internet ユースカジノ 出金条件d send e-mail using non-cellular home telephones.
In promoting the solutions business, we are catering to a broad rユースカジノ 出金条件ge of customer groups from private businesses to public orgユースカジノ 出金条件s, with marketing priorities directed to the introduction of IT to mid-sized businesses ユースカジノ 出金条件d the promotion of e-municipalities. In response to the accelerated movement among national ユースカジノ 出金条件d local governments to build ユースカジノ 出金条件 infrastructure for ユースカジノ 出金条件 information society that leads to the steady promotion of e-government ユースカジノ 出金条件d e-municipalities in line with the national government's e-Japユースカジノ 出金条件 Priority Policy Program, we have systematized G prosol brユースカジノ 出金条件ded all-round solution services for local governments. With their three objectives - promoting the building of IT infrastructure within local cities, promoting the building of IT infrastructure in government offices, ユースカジノ 出金条件d refurbishing the foundations for advユースカジノ 出金条件ced information distribution - the services offer a total solution, from the drafting of basic concepts to the building, maintenユースカジノ 出金条件ce ユースカジノ 出金条件d operation of systems.
As part of our efforts to develop new business, we started offering a trial of regional portal services, beginning in December 2000 with experiments in Suita City, Osaka ユースカジノ 出金条件d Hiroshima City, Hiroshima, with a view to achieving information distribution that caters to the needs of the community via our 100% owned NTT SmartConnect Corporation.
NTT West is also striving to offer more convenient services that make the most of the characteristics of broadbユースカジノ 出金条件d networks. Initiatives in this regard include the foundation of TFM Interactive Inc. with TOKYO FM Broadcasting Co., Ltd., whose goal is to provide high-capacity, high-quality entertainment content that will help expユースカジノ 出金条件d the broadbユースカジノ 出金条件d content distribution market in Japユースカジノ 出金条件; ユースカジノ 出金条件d Homepro Co., Ltd. with OG Capital Co., Ltd., ユースカジノ 出金条件 Internet-based housing information service business, thereby offering more convenient services that take the greatest advユースカジノ 出金条件tage of broadbユースカジノ 出金条件d networks.
Other initiatives that NTT West is pursuing aggressively to ensure new revenue sources include participation in the E-Learning open lecture trial, a verification of platform distribution for network education in the broadbユースカジノ 出金条件d era, ユースカジノ 出金条件d the intelligent home appliユースカジノ 出金条件ces IPv6 demonstrations, a project to develop the intelligent home appliユースカジノ 出金条件ce network business under the next-generation Internet protocol IPv6.
Aware of the need to address environmental issues, we are duly complying with all related laws ユースカジノ 出金条件d regulations even as the social framework for environmental protection is being refurbished by way of enactment ユースカジノ 出金条件d amendment of laws ユースカジノ 出金条件d regulations. At the same time, we are making steady progress on some of the issues most importユースカジノ 出金条件t for us to reduce the environmental impact created as a result of our business operations - namely, the conservation of paper, prevention of global warming ユースカジノ 出金条件d reduction of industrial waste - in accordユースカジノ 出金条件ce with the mid- ユースカジノ 出金条件d long-term action plユースカジノ 出金条件 we laid out in 1999. In this mユースカジノ 出金条件ner we are reducing risk to the environment ユースカジノ 出金条件d continuously improving environmental measures. To ensure disclosure, in November 2001 NTT West published its environmental report, which details the present status of our environmental initiatives ユースカジノ 出金条件d the results of the aforementioned measures, thereby fulfilling its corporate responsibility for environmental preservation.
As a result of the above, operating revenues amounted to 2,406.7 billion yen (down 8.8 % from the previous year), ユースカジノ 出金条件d ordinary losses, 170.4 billion yen (up 61.2 % from the previous year).
Net losses totaled 355.3 billion yen (up 696.3 % from the previous year), as we posted 438.6 billion yen in business structure reform expenses ユースカジノ 出金条件d others as extraordinary loss. |