NTT, Inc.

9432

JP3735400008

Integrated Telecommunications Services

Delayed Japan Exchange Other stock markets 10:19:49 2025-07-10 pm EDT			5-day change	1st Jan Change
153.20 ^JPY	+0.39%		-0.71%	-3.04%

Jul. 10	S&P Rates NTT Finance's US Dollar, Euro Notes A-	MT
Jul. 09	Ntt Research and Tohoku University Collaborate to Accelerate Development of Quantum Enhanced Coherent Ising Machines	CI

SBI Sumishin Shares Indicated Sharply Higher After NTT Says Unit Considering Acquisition

Published on 05/28/2025 at 22:02, updated on 05/28/2025 at 22:03

By Kosaku Narioka

SBI Sumishin Net Bank shares were indicated sharply higher after Nippon Telegraph & Telephone said its mobile-carrier subsidiary was considering acquiring the internet-banking services provider.

SBI Sumishin shares were indicated 21% higher at their limit high of 3,985 yen, equivalent to $27.51, on Thursday in Tokyo. No shares changed hands as buy orders overwhelmed sell orders.

Japanese mobile carriers have been expanding their financial-services businesses as consumers increasingly use smartphones for everything from grocery shopping to online banking.

Japanese telecom giant NTT said Thursday that the board of wholly owned mobile unit NTT Docomo is scheduled to discuss a plan to acquire SBI Sumishin later in the day.

SBI Sumishin said its board is set to discuss a potential tender offer by NTT Docomo.

SBI Holdings, which held about a third of SBI Sumishin as of the end of September, said its board plans to discuss a potential sale to NTT Docomo of its stake in the online banking affiliate.

NTT, SBI Sumishin and SBI Holdings made comments following local media reports that NTT Docomo plans to acquire SBI Sumishin.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

05-28-25 2201ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SBI HOLDINGS, INC.	5,451.00JPY	+2.31%	+11.07%	10.54B
SBI SUMISHIN NET BANK, LTD.	4,870.00JPY	0.00%	-0.41%	5.02B
NTT, INC.	153.20JPY	+0.39%	-0.71%	87.01B

Latest news about NTT, Inc.

S&P Rates NTT Finance's US Dollar, Euro Notes A-	Jul. 10	MT
Ntt Research and Tohoku University Collaborate to Accelerate Development of Quantum Enhanced Coherent Ising Machines	Jul. 09	CI
Nippon Telegraph and Telephone Gears Up for Singapore Listing	Jul. 08	MT
NTT seeks up to $864 million in data centre REIT's Singapore IPO, term sheet shows	Jun. 30	RE
NTT has lodged preliminary prospectus to list REIT on Singapore Exchange	Jun. 27	RE
Japan hits M&A record of $232 billion, driving Asia deals rebound	Jun. 26	RE
Japan's NTT DATA Group targets July listing of data centre REIT on Singapore exchange	Jun. 25	RE
S&P Downgrades Nippon Telegraph and Telephone on Tender Offer Completion	Jun. 23	MT
Nippon Telegraph and Telephone Increases Stake In NTT Data To 81.8% After Tender Offer	Jun. 23	MT
Japanese Shares End Week in Red as BOJ Flags Wage-Price Spiral Risk	Jun. 20	MT
NTT Completes Tender Offer For NTT Data With 337 Million Shares Tendered	Jun. 20	MT
Nippon Telegraph and Telephone Corporation completed the acquisition of remaining 42.27% stake in NTT DATA Group Corporation from a group of shareholders.	Jun. 18	CI
NTT Docomo to Launch Tender Offer for Carta, Plans Alliance With Dentsu	Jun. 16	MT
Nippon Telegraph And Telephone Corp - NTT Docomo To Launch Tender Offer For Carta Holdings At 2,100 Yen Per Share	Jun. 16	RE
SBI Shinsei Bank preparing to relist by year-end, sources say	Jun. 13	RE
SBI Shinsei Bank plans to file in July to relist by year-end, sources say	Jun. 12	RE
Honda Motor to Invest in Toyota-Backed Chipmaker Rapidus	Jun. 12	MT
Nippon Telegraph And Telephone Invests 110.8 Billion Yen in SBI Holdings for Business Alliance	May. 30	MT
Deals of the day-Mergers and acquisitions	May. 29	RE
Deals of the day-Mergers and acquisitions	May. 29	RE
Japan's NTT Unit Plans to Acquire Major Online Bank in Deal Valued at $5.1 Billion -- Update	May. 29	DJ
Deals of the day-Mergers and acquisitions	May. 29	RE
NTT Docomo Plans to Acquire SBI Sumishin Net Bank	May. 29	DJ
Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal	May. 29	RE
Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal	May. 29	RE

Nippon Telegraph And Telephone Corp is a provider of fixed and mobile voice related services, regional communications services, long distance and international communications business, data communications business and other business. The Company operates in five segments. Mobile Communications segment conducts mobile voice related services and sale of telecommunications equipment. Regional Communications segment provides fixed voice related services and other services. Long Distance and International Communications segment comprises fixed voice related services and international communications services, solution and other services. Data Communications segment comprises system integration services and network system service. Other segment comprises real estate rentals, financial business, systems development and other services related to research and development.

Employees

341,321

Sector

Integrated Telecommunications Services

Calendar

Aug. 05 - Q1 2025 Earnings Release

More about the company