(Telecompaper) Japan's NTT Group raised its outlook for full-year results, citing improved growth overseas, expanding 'smart life' services at home and cost control efforts. The company now expects annual revenues for the year to March 2016 of JPY 11.40 trillion, up by JPY 50 billion from its previous forecast. The operating profit outlook increased by the same amount to JPY 1.25 trillion, and net profit by JPY 25 billion to an estimated JPY 655 billion. The results for the fiscal first half show the operator well on its way to achieving the targets. Revenues for the six months to September rose 4.0 percent year-on-year to JPY 5.589 trillion, and operating profit was up 24.1 percent to JPY 733.5 billion. Net profit increased 30.0 percent to JPY 377.3 billion, driven by reduced costs and lower taxes. NTT slightly reduced its capex forecast for the full year, by JPY 30 billion to JPY 1.630 trillion. In the first half, capex totaled 622.2 billion.