4. Revised Forecasts for the Fiscal Year Ending March 31, 2012

Income tax rates will be adjusted for accounting periods that begin on or after April 1, 2012, and the corresponding statutory effective tax rate will be lowered. As a result, a portion of deferred tax assets will be reversed, and NTT East has revised its results forecasts that were announced in the financial results release on November 9, 2011 for the six months ended September 30, 2011, as follows.

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