Hello! Today, we bring you the major news regarding NTT changing its official company name from "Nippon Telegraph and Telephone". This name change is part of NTT’s efforts to refresh its brand for a new era, and is expected to have a significant impact on its future corporate strategy and market positioning.

News Overview

According to reports, NTT has finalized its policy to change its conventional name and plans to decide on the new name by next spring. The new name is expected to be officially decided through a special resolution at the annual general meeting of shareholders in June. This strategic decision aims to respond more flexibly to the changing market environment and global competition while preserving tradition.

Background and Aims

NTT originated from the privatization of the state-owned "Nippon Telegraph and Telephone Public Corporation" and has long laid the foundation of telecommunications infrastructure. However, in today’s digital world, the traditional terms "Telegraph" and "Telephone" no longer adequately express its business scope and future vision. This name change helps build a more contemporary brand image as NTT works on next-generation technologies including the IOWN communications infrastructure.

NTT Law and Legal Aspects

NTT operates under a special law called the NTT Law, enacted when the former public corporation was privatized. With legal revisions allowing NTT to change its name, the company will be able to deploy business strategies more flexibly in the future. A special resolution at the shareholders’ meeting with articles of incorporation changes is required for official registration.

Future Outlook

If the name change is realized, NTT is expected to strengthen its posture as a global company, evolving to address future innovations in IoT, 5G, and IOWN. The new strategy is expected to take concrete shape around the shareholders’ meeting, sending a positive message to the market.

Summary

NTT’s decision to change its name is a strategic step to respond flexibly to the changing market environment while respecting tradition. This change will accelerate NTT’s initiatives in next-generation technologies and strengthen its brand power going forward.