Edgar Filing: NTT DOCOMO INC

Form 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2009.

Commission File Number: 001-31221

Total number of pages: 90

NTT DoCoMo, Inc.

(Translation of registrant’s name into English)

Sanno Park Tower 11-1, Nagata-cho 2-chome
Chiyoda-ku, Tokyo 100-6150
Japan
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

Information furnished in this form:


1.		Earnings release dated April 28, 2009 announcing the company’s results for the fiscal year ended March 31, 2009

2.		Materials presented in conjunction with the earnings release dated April 28, 2009 announcing the company’s results for the year ended March 31, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	NTT DoCoMo, Inc.
Date: April 30, 2009	By:	/S/ OSAMU HIROKADO
		Osamu Hirokado
		Head of Investor Relations




Financial Statements		April 28, 2009
For the Fiscal Year Ended March 31, 2009		[U.S. GAAP]


Name of registrant:		NTT DoCoMo, Inc. (URL http://www.nttdocomo.co.jp/)
Code No.:		9437
Stock exchange on which the Company’s shares are listed:		Tokyo Stock Exchange-First Section
Representative:		Ryuji Yamada, Representative Director, President and Chief Executive Officer
Contact:		Shinya Hasegawa, Senior Manager, General Affairs Department / TEL +81-3-5156-1111
Scheduled date for the general meeting of shareholders:		June 19, 2009
Scheduled date for dividend payment:		June 22, 2009
Scheduled date for filing of securities report:		June 22, 2009

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2009 (April 1, 2008 — March 31, 2009)

(1)

Consolidated Results of Operations


Amounts are rounded off to the nearest 1 million yen.		(Millions of yen, except per share amount)


									Income before
	Operating Revenues				Operating Income				Income Taxes				Net Income
Year ended March 31, 2009		4,447,980	(5.6	)%		830,959	2.8	%		780,473	(2.5	)%		471,873	(3.9	)%
Year ended March 31, 2008		4,711,827	(1.6	)%		808,312	4.5	%		800,688	3.6	%		491,202	7.4	%


								ROA			Operating Income
					ROE			(Ratio of Income before			Margin
	Basic Earnings		Diluted Earnings		(Ratio of Net Income to			Income Taxes to Total			(Ratio of Operating Income to
	per Share		per Share		Shareholders’ Equity)			Assets)			Operating Revenues)
Year ended March 31, 2009	11,171.58 (yen	)		—		11.0	%		12.3	%		18.7	%
Year ended March 31, 2008	11,391.36 (yen	)		—		11.6	%		13.0	%		17.2	%

(Percentages above represent changes compared to the corresponding previous year)


Notes: Equity in net income (losses) of affiliates:	For the fiscal year ended March 31, 2009:	(672	)	million yen
	For the fiscal year ended March 31, 2008:	13,553		million yen



(2) Consolidated Financial Position		(Millions of yen, except per share amount)


					Equity Ratio
					(Ratio of Shareholders’			Shareholders’ Equity
	Total Assets		Shareholders’ Equity		Equity to Total Assets)			per Share
March 31, 2009		6,488,220		4,341,585		66.9	%	103,965.64 (yen	)
March 31, 2008		6,210,834		4,276,496		68.9	%	100,321.46 (yen	)

(3) Consolidated Cash Flows


									Cash and Cash
	Cash Flows from		Cash Flows from			Cash Flows from			Equivalents at
	Operating Activities		Investing Activities			Financing Activities			Fiscal Year End
Year ended March 31, 2009		1,173,677		(1,030,983	)		(182,441	)		599,548
Year ended March 31, 2008		1,560,140		(758,849	)		(497,475	)		646,905

2. Dividends


	Cash dividends per share (yen)										Total cash					Ratio of
	End of the		End of the		End of the						dividends					Dividends to
	first		second		third		Year				for the year					Shareholders’
Date of record	quarter		quarter		quarter		-end		Total		(Millions of yen)		Payout ratio			Equity
Year ended March 31, 2008		—		2,400.00		—		2,400.00		4,800.00		205,662		42.1	%		4.9	%
Year ended March 31, 2009		—		2,400.00		—		2,400.00		4,800.00		201,755		43.0	%		4.7	%
Year ending March 31, 2010 (Forecasts)		—		2,600.00		—		2,600.00		5,200.00				44.0	%

3. Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2010 (April 1, 2009 — March 31, 2010)

(Millions of yen)


									Income before
	Operating Revenues				Operating Income				Income Taxes
Six months ending September 30, 2009		—	—			—	—			—	—
Year ending March 31, 2010		4,382,000	(1.5	)%		830,000	(0.1	)%		832,000	6.6	%

(Percentages above represent changes compared to the corresponding previous year)

Because “Net Income” and “Earnings per Share” include noncontrolling interests beginning from the fiscal year ending March 31, 2010 in accordance with Statement of Financial Accounting Standards (“SFAS”) No. 160, “Noncontrolling Interests in Consolidated Financial Statements — an Amendment of ARB No. 51”, “Net Income” and “Earnings per Share” for the Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2010 are not presented on this page. For further details, please see Statement of Financial Accounting Standards No. 160, “Noncontrolling Interests in Consolidated Financial Statements — an Amendment of ARB No. 51” on page 3.

4. Others

(1)	Changes in significant consolidated subsidiaries (which resulted in changes in scope of consolidation)	None

(2)	Changes in significant accounting policies, procedures and presentation in consolidated financial statements

(i)	Changes due to revision of accounting standards and other regulations:	Yes

(ii)	Others:	None

(See more information on page 24)

(3)

Number of issued shares (common stock)


(i) Number of issued shares (inclusive of treasury stock):	As of March 31, 2009:	43,950,000 shares
	As of March 31, 2008:	44,870,000 shares

(ii) Number of treasury stock:	As of March 31, 2009:	2,190,193 shares
	As of March 31, 2008:	2,242,073 shares

(iii) Number of weighted average common shares outstanding:	For the fiscal year ended March 31, 2009:	42,238,715 shares
	For the fiscal year ended March 31, 2008:	43,120,586 shares

(Reference) Summary of non-consolidated financial results and financial position

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2009 (April 1, 2008 — March 31, 2009)

(1) Non-consolidated Results of Operations


Amounts are rounded down to nearest 1 million yen.		(Millions of yen, except per share amount)


	Operating Revenues				Operating Income				Recurring Profit				Net Income
Year ended March 31, 2009		4,002,705	59.0	%		605,890	54.4	%		639,237	10.8	%		1,992,612	385.5	%
Year ended March 31, 2008		2,517,841	(3.1	)%		392,338	0.3	%		576,706	(11.8	)%		410,448	(21.2	)%

(Percentages above represent changes compared to the corresponding previous year)


			Earnings per Share after
			potential dilution
	Earnings per Share		adjustments
Year ended March 31, 2009	47,175.02 (yen	)		—
Year ended March 31, 2008	9,518.62 (yen	)		—



(2) Non-consolidated Financial Position		(Millions of yen, except per share amount)


					Equity Ratio
					(Ratio of Shareholders’			Net Assets
	Total Assets		Net Assets		Equity to Total Assets)			per Share
March 31, 2009		6,237,957		4,171,765		66.9	%	99,899.07 (yen)
March 31, 2008		4,262,998		2,525,369		59.2	%	59,242.14 (yen)


(Reference) Shareholders’ equity	For the fiscal year ended March 31, 2009	4,171,765 million yen
	For the fiscal year ended March 31, 2008	2,525,369 million yen


*		Explanation for forecasts of operation and other notes:

With regard to the assumptions and other related matters concerning consolidated financial results forecasts for the fiscal year ending March 31, 2010, please refer to pages 9, 10 and 13.

Consolidated financial statements in this earnings release are unaudited.

Statement of Financial Accounting Standards No. 160, “Noncontrolling Interests in Consolidated Financial Statements — an Amendment of ARB No. 51.”

In December 2007, the Financial Accounting Standards Board (“FASB”) issued SFAS No.160, “Noncontrolling Interests in Consolidated Financial Statements — an Amendment of ARB No. 51.” SFAS No.160 establishes accounting and reporting standards for the noncontrolling interest (previously referred to as minority interests) in a subsidiary and for the deconsolidation of a subsidiary. SFAS No.160 requires single method of accounting as equity transactions for changes in a parent’s ownership interest in a subsidiary that do not result in deconsolidation. This statement is effective for fiscal years beginning on or after December 15, 2008.

In accordance with this statement, “Net Income” in the consolidated statements of income and comprehensive income will include income from noncontrolling interests. “Net Income attributable to the parent” and “Earnings per Share attributable to the parent” in the Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2010, excluding noncontrolling interests, are as follows:

Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2010 (April 1, 2009 - March 31, 2010)

(Millions of yen, except per share amount)


	Net income				Earnings per Share attributable
	attributable to the parent*				to the parent
Six months ending September 30, 2009		—	—			—
Year ending March 31, 2010		493,000	4.5	%		11,805.61

“Net income attributable to the parent” is calculated in the same manner as “Net income” for the fiscal year ended March 31, 2009.

(Percentage above represents changes compared to the corresponding previous year)



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

Earnings Release for the Fiscal Year Ended March 31, 2009

<< 1. Operating Results >>

1.		Operating Review and Prospects

(1)		Business Overview

Competition among mobile phone operators in Japan, which has already entered a mature phase given the high penetration rate, has increased in such areas as customer acquisition and further improvement of customer services among competitors, as well as market entry by new competitors such as MVNOs*. As economic environments deteriorate worldwide, a negative impact started to prevail over our market environments — for one instance, the direction change of the business environment started to cast an influence in the form of decreased number of handsets sold.

In such market environment, we changed our corporate branding with the introduction of “New DOCOMO Commitments”, and reorganized our group structure by integrating eight regional subsidiaries** for the purpose of enhancing the speed and effectiveness of our operations. We also announced our future business direction based on a new action plan “DOCOMO’s Change and Challenge to Achieve New Growth” and continued our efforts to enhance customer satisfactions by revisiting every aspect of our business from the customer’s perspective, such as enhancement of our service plans, rollout of new handset series, introduction of new services, and improvement of our network quality. In addition, we strived for further penetration of our new discount programs and new handset sales methods, which we believe are appropriate for the current market conditions. These efforts led to a significant decrease of churn rate from the prior fiscal year to 0.50%, significant improvement in the number of lost subscribers using Mobile Number Portability, and number of net additions is on the recovery track.

As a result, for the fiscal year ended March 31, 2009, operating revenues were ¥4,448.0 billion, a decrease of ¥263.8 billion from the prior fiscal year, reflecting the penetration of new discount programs. Operating income was ¥831.0 billion, an increase of ¥22.6 billion from the prior fiscal year, due to a decrease in cost of equipments resulting from decreased number of handsets sold. Income before income taxes was ¥780.5 billion and net income was ¥471.9 billion.


*		MVNO (Mobile Virtual Network Operator): a service provider who leases its physical wireless communication infrastructure from other network operators to provide wireless services.

**		eight regional subsidiaries: NTT DoCoMo Hokkaido, Inc., NTT DoCoMo Tohoku, Inc., NTT DoCoMo Tokai, Inc., NTT DoCoMo Hokuriku, Inc., NTT DoCoMo Kansai, Inc., NTT DoCoMo Chugoku, Inc., NTT DoCoMo Shikoku, Inc., and NTT DoCoMo Kyushu, Inc.

Notes:

1.		Consolidated financial statements in this earnings release are unaudited.

2.		Amounts in this release are rounded off except in non-consolidated financial statements, where amounts are rounded down.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

Consolidated results of operations for the fiscal year ended March 31, 2008 and 2009 were as follows:

<Results of operations>


	Billions of yen
				(UNAUDITED)
	Year ended			Year ended			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Operating revenues	¥	4,711.8		¥	4,448.0		¥	(263.8	)	(5.6	)%
Operating expenses		3,903.5			3,617.0			(286.5	)	(7.3	)

Operating income		808.3			831.0			22.6		2.8
Other income (expense)		(7.6	)		(50.5	)		(42.9	)	(562.2	)

Income before income taxes		800.7			780.5			(20.2	)	(2.5	)
Income taxes		323.0			308.4			(14.6	)	(4.5	)
Equity in net income (losses) of affiliates		13.6			(0.7	)		(14.2	)	—
Minority interests		(0.1	)		0.5			0.6		—

Net income	¥	491.2		¥	471.9		¥	(19.3	)	(3.9	)%

EBITDA margin*		34.8	%		37.7	%	2.9 point			—

ROCE*		17.0	%		17.1	%	0.1 point			—

ROCE after tax effect*		10.0	%		10.1	%	0.1 point			—

EBITDA and EBITDA margin, as we refer to in this earnings release, are different from EBITDA as used in Item 10(e) of Regulation S-K and may not be comparable to similarly titled measures used by other companies. For an explanation of our definitions of EBITDA, EBITDA margin, ROCE and ROCE after tax effect, see “Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 40.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<Operating revenues>


	Billions of yen
			(UNAUDITED)
	Year ended		Year ended		Increase
	March 31, 2008		March 31, 2009		(Decrease)
Wireless services	¥	4,165.2	¥	3,841.1	¥	(324.2	)	(7.8	)%
Cellular services revenues		4,019.0		3,661.3		(357.7	)	(8.9	)
- Voice revenues		2,645.1		2,149.6		(495.5	)	(18.7	)
Including: FOMA services		2,084.3		1,877.8		(206.4	)	(9.9	)
- Packet communications revenues		1,373.9		1,511.7		137.8		10.0
Including: FOMA services		1,254.6		1,449.4		194.8		15.5
Other revenues		146.2		179.8		33.6		22.9
Equipment sales		546.6		606.9		60.3		11.0

Total operating revenues	¥	4,711.8	¥	4,448.0	¥	(263.8	)	(5.6	)%


Notes:

1.		Voice revenues include data communications revenues through circuit switching systems.

2.		For the fiscal year ended March 31, 2008, “PHS business”, which was presented separately in the past, has been reclassified into “Other revenues”.

<Operating expenses>


	Billions of yen
			(UNAUDITED)
	Year ended		Year ended		Increase
	March 31, 2008		March 31, 2009		(Decrease)
Personnel expenses	¥	233.4	¥	254.1	¥	20.7		8.9	%
Non-personnel expenses		2,434.4		2,133.6		(300.8	)	(12.4	)
Depreciation and amortization		776.4		804.2		27.7		3.6
Loss on disposal of property, plant and equipment and intangible assets		75.4		69.7		(5.7	)	(7.6	)
Communication network charges		345.1		316.7		(28.4	)	(8.2	)
Taxes and public dues		38.8		38.7		(0.0	)	(0.1	)

Total operating expenses	¥	3,903.5	¥	3,617.0	¥	(286.5	)	(7.3	)%



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

(2) Segment information

<Mobile phone business>

As of March 31, 2009, the number of cellular services subscriptions was 54.60 million (an increase of 1.21 million compared to the number as of March 31, 2008), 89.8% of which was represented by FOMA services subscriptions of 49.04 million. Our cellular churn rate for the fiscal year ended March 31, 2009 improved significantly to 0.50% compared to 0.80% during the prior year, reflecting the effect of new discount programs and new handset sales methods.

The aggregate number of subscriptions to the new discount programs introduced in August 2007 such as “Fami-wari MAX50” reached approximately 32.70 million while the number of subscriptions to the “Value Plan” reached approximately 20.80 million as of March 31, 2009, respectively. As a result, aggregate average revenue per unit (ARPU) of cellular (FOMA+mova) services decreased to ¥5,710 for the fiscal year ended March 31, 2009 (down 10.2% from the prior year).

With regard to equipment sales, the number of handsets sold decreased to 20.13 million units for the fiscal year ended March 31, 2009 (a decrease of 5.61 million units from the prior year). However, “Value Course”, which was introduced in November 2007, was applied to more than 90% of the aggregate number of handsets sold through our new handset sales methods. Revenues and costs of equipment sales improved, reflecting the effects of reductions in sales commissions for the “Value Course”, together with a decrease in cost of equipment sold due to the reduced number of units sold to agent resellers.

For the fiscal year ended March 31, 2009, operating revenues and operating income from mobile phone business were ¥4,381.3 billion and ¥855.3 billion, respectively.

Number of subscriptions by services, trend of ARPU and other operation data are as follows:


	Thousand subscriptions
					Increase
	March 31, 2008		March 31, 2009		(Decrease)
Cellular services		53,388		54,601		1,213		2.3	%
Cellular (FOMA) services		43,949		49,040		5,091		11.6
Including: i-channel services		15,649		16,545		896		5.7
Including: i-concier services		—		929		—		—
Including: flat-rate services for unlimited i-mode usage		12,744		17,610		4,865		38.2
Cellular (mova) services		9,438		5,560		(3,878	)	(41.1	)
i-mode services		47,993		48,474		481		1.0


Notes:

1.		Number of subscriptions of Cellular services and Cellular (FOMA) services includes Communication Module services subscriptions.

2.		Effective March 3, 2008, FOMA services subscription became mandatory for subscription to “2in1”* service. Such FOMA services subscriptions to “2in1” services are included in the above numbers of Cellular services subscriptions and Cellular (FOMA) services subscriptions.

3.		Number of subscriptions to flat-rate services for unlimited i-mode usage = “Pake-hodai” subscriptions + “Pake-hodai full” subscriptions + “Pake-hodai double” subscriptions.

4.		Number of i-mode subscriptions = Cellular (FOMA) i-mode subscriptions + Cellular (mova) i-mode subscriptions.

*		“2in1” refers to an optional network service which enables a subscriber to subscribe to an additional phone number and an e-mail address for a single compatible handset.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009


	Thousand units
	Year ended			Year ended			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Cellular services		25,739			20,129			(5,610	)	(21.8	)%
Cellular (FOMA) services
New FOMA subscription		5,677			4,368			(1,309	)	(23.1	)
Change of subscription from mova to FOMA		6,528			3,276			(3,252	)	(49.8	)
FOMA handset upgrade by FOMA subscribers		13,093			12,385			(708	)	(5.4	)
Cellular (mova) services
New mova subscription		197			59			(138	)	(70.1	)
mova handset upgrade by mova subscribers and change of subscription from FOMA to mova		243			39			(204	)	(84.0	)

Churn Rate		0.80	%		0.50	%	(0.30) point			(37.5	)%


	Yen/Minutes
	Year ended		Year ended		Increase
	March 31, 2008		March 31, 2009		(Decrease)
Aggregate ARPU* (FOMA+mova)	¥	6,360	¥	5,710	¥	(650	)	(10.2	)%
Voice ARPU		4,160		3,330		(830	)	(20.0	)
Packet ARPU		2,200		2,380		180		8.2
Aggregate ARPU (FOMA)		6,990		6,010		(980	)	(14.0	)
Voice ARPU		4,340		3,360		(980	)	(22.6	)
Packet ARPU		2,650		2,650		—		—
Aggregate ARPU (mova)		4,340		3,750		(590	)	(13.6	)
Voice ARPU		3,590		3,090		(500	)	(13.9	)
Packet ARPU		750		660		(90	)	(12.0	)

MOU* (FOMA+mova) (minutes)		138		137		(1	)	(0.7	)%


*		See “Definition and Calculation Methods of ARPU and MOU” on page 39 for details of definitions and calculation methods of ARPU and MOU.


	Billions of yen
			(UNAUDITED)
	Year ended		Year ended		Increase
	March 31, 2008		March 31, 2009		(Decrease)
Operating revenues from mobile phone business	¥	4,647.1	¥	4,381.3		(265.9	)	(5.7	)%
Operating income from mobile phone business		858.2		855.3		(2.9	)	(0.3	)


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<Miscellaneous businesses>

Operating revenues from miscellaneous businesses for the fiscal year ended March 31, 2009 were ¥66.7 billion, which represented 1.5% of the total operating revenues. The revenues derived mainly from high-speed internet connection and video-clip casting services for hotel facilities, advertisement services, development, sales and maintenance of IT systems and credit services. Operating expenses and operating loss from miscellaneous businesses were ¥91.1 billion and ¥24.3 billion, respectively.


	Billions of yen
				(UNAUDITED)
	Year ended			Year ended			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Operating revenues from miscellaneous businesses	¥	64.7		¥	66.7			2.0	3.1	%
Operating loss from miscellaneous businesses		(49.9	)		(24.3	)		25.5	51.2	%


Note:		For the fiscal year ended March 31, 2008, “PHS business”, which was presented separately in the past, has been reclassified into “miscellaneous businesses”.

(3) Trend of capital expenditures

We continued to improve the quality of our FOMA service area and reinforced its network capacity to meet an increase in traffic demand, together with our efforts to make capital expenditures more efficient and less costly by saving on equipment purchase costs and improving our design and construction process. Total capital expenditures for the fiscal year ended March 31, 2009 were ¥737.6 billion.


	Billions of yen
			(UNAUDITED)
	Year ended		Year ended		Increase
	March 31, 2008		March 31, 2009		(Decrease)
Mobile phone business	¥	624.0	¥	601.3	¥	(22.7	)	(3.6	)%
Other (including information systems)		134.7		136.3		1.6		1.2

Total capital expenditures	¥	758.7	¥	737.6		(21.1	)	(2.8	)%


Note:		For the fiscal year ended March 31, 2008, “PHS business”, which was presented separately in the past, has been reclassified into “Other (including information systems)”.

(4) Prospects for the Fiscal Year Ending March 31, 2010

As the Japanese cellular phone market continues to mature given the high penetration rate and environments surrounding the Japanese economy get severe, the competition among carriers is expected to intensify even further in the future, due to competition among operators in such area as customer acquisition and improvement of services as well as market entry by new competitors such as MVNOs.

Under these market conditions, although the promotion of loyalty marketing is expected to curb churns and equipment sales revenues are likely to grow owing to a broader adoption of new handset purchase methods, operating revenues for the fiscal year ending March 31, 2010 are estimated to be ¥4,382.0 billion, primarily because of the projected decline in ARPU resulting from the rate revisions made in the past. On the expense side, factors such as a projected reduction in network costs resulting from lower capital expenditures and on-going cost cutting efforts are expected to contribute to cost reductions, which are partially offset by the implementation of actions aimed for expanding future profitability and enhancing customer satisfaction. Accordingly, operating income is expected to be ¥830.0 billion.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009


	Billions of yen
	Year ended			Year ending
	March 31, 2009			March 31, 2010			Increase
	(Actual results)			(Forecasts)			(Decrease)
Operating revenues	¥	4,448.0		¥	4,382.0			(66.0	)	(1.5	)%
Operating income		831.0			830.0			(1.0	)	(0.1	)
Income before income taxes		780.5			832.0			51.5		6.6
Net income *		471.9			493.0			21.1		4.5
Capital expenditures		737.6			690.0			(47.6	)	(6.5	)
Adjusted free cash flows **		93.4			380.0			286.6		306.9
EBITDA **		1,678.4			1,569.0			(109.4	)	(6.5	)
EBITDA margin **		37.7	%		35.8	%	(1.9) point			—
ROCE **		17.1	%		16.2	%	(0.9) point			—
ROCE after tax effect **		10.1	%		9.6	%	(0.5) point			—


*		For the fiscal year ending March 31, 2010 “Net Income” will include income from noncontrolling interests in accordance with SFAS No. 160 “Noncontrolling Interests in Consolidated Financial Statements — an Amendment of ARB No. 51”. However, “Net Income” for the fiscal year ending March 31, 2010 (Forecasts) in the above table only consists of “Net Income” attributable to the parent and does not include net income from noncontrolling interests.

**		EBITDA and EBITDA margin, as we use them, are different from EBITDA as used in Item 10(e) of Regulation S-K and may not be comparable to similarly titled measures used by other companies. For an explanation of our definition of free cash flows excluding irregular factor and changes in investments for cash management purposes, EBITDA, EBITDA margin, ROCE and ROCE after tax effect, see the reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP on page 40.

The financial forecasts for the year ending March 31, 2010 are based on the forecasts of the following operation data:


	Ten thousand subscriptions/Yen
	March 31, 2009		March 31, 2010		Increase
	(Actual results)		(Forecasts)		(Decrease)
Cellular (FOMA + mova) services		5,460		5,576		116		2.1	%
Cellular (FOMA) services		4,904		5,298		394		8.0
Cellular (mova) services		556		278		(278	)	(50.0	)
i-mode services		4,847		4,885		38		0.8
Aggregate ARPU (FOMA + mova)	¥	5,710	¥	5,280	¥	(430	)	(7.5	)
Voice ARPU		3,330		2,860		(470	)	(14.1	)
Packet ARPU		2,380		2,420		40		1.7


Notes:

1.		Number of i-mode subscriptions includes numbers of cellular (FOMA) and cellular (mova) i-mode subscriptions.

2.		See page 39 for the details of ARPU calculation methods.

*		The mobile communications market in Japan is characterized by rapid changes in the market environment due to technical innovations, market entry by new competitors and other factors. To respond to such changes, our corporate group may introduce new billing plans or other measures that could potentially have a significant impact on our revenues and income. The timing of introduction of such measures will be decided after comprehensively taking into consideration our operational circumstances and the actions of our competitors, and therefore, is not necessarily decided beforehand. Such measures, depending on the timing of implementation, may significantly affect our results forecasts to be made at the time of our first-half results announcement. Providing such prospects on a half-year basis, therefore, may not be adequate or useful as information to be disclosed to investors. Accordingly, we will provide prospects for the full year only, and report progress vis-à-vis the projected full-year forecasts by disclosing actual results on a quarterly basis.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

2. Financial Review

(1) Financial position


	Billions of yen
				(UNAUDITED)			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Total Assets	¥	6,210.8		¥	6,488.2		¥	277.4	4.5	%
Shareholders’ equity		4,276.5			4,341.6			65.1	1.5
Liabilities		1,933.1			2,144.9			211.9	11.0
Interest bearing liabilities		478.5			639.2			160.8	33.6

Equity ratio (1)		68.9	%		66.9	%	(2.0) point		—
Market equity ratio(2)		103.6	%		86.1	%	(17.5) point		—
Debt ratio (3)		10.1	%		12.8	%	2.7 point		—


Notes:

(1)		Equity ratio = Shareholders’ equity / Total assets.

(2)		Market equity ratio = Market value of total share capital* / Total assets.

(3)		Debt ratio = Interest bearing liabilities / (Shareholders’ equity + Interest bearing liabilities).

*		Market value of total share capital = Closing price of share as of the end of the fiscal period multiplied by the number of outstanding shares (excluding treasury stock).

(2) Cash flow conditions

Net cash provided by operating activities was ¥1,173.7 billion (down 24.8% year-on-year). The decrease in net cash provided by operating activities was mainly due to an increase of ¥182.1 billion to ¥361.8 billion in the net payment of income taxes (the net payment of income taxes during the prior fiscal year was ¥179.7 billion due to the realization of the tax deduction for the impairment of our investment in Hutchison 3G UK Holdings Limited) as well as an increase in installment receivables.

Net cash used in investing activities was ¥1,031.0 billion (up 35.9% year-on-year). The increase in net cash used in investing activities resulted mainly from an increase in acquisition of long-term investments such as equity investments and a decrease of proceeds from sales or redemption of long-term investments.

Net cash used in financing activities was ¥182.4 billion (down 63.3% year-on-year). The decrease in net cash used in financing activities resulted mainly from an increase of proceeds from long term debt through issuances of corporate bonds and a decrease of repayment of long-term debt.

We spent ¥136.8 billion during the fiscal year ended March 31, 2009 to repurchase our own stock in the market, purchase of treasury stock at the request of dissenting shareholders who opposed the merger under which our regional subsidiaries were dissolved and merged into the Company, and purchase of fractional shares.

Free cash flows were ¥142.7 billion. Free cash flows excluding the effects of irregular factor and changes in investments for cash management purposes were ¥93.4 billion.


	Billions of yen
				(UNAUDITED)
	Year ended			Year ended			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Net cash provided by operating activities	¥	1,560.1		¥	1,173.7		¥	(386.5	)	(24.8	)%
Net cash used in investing activities		(758.8	)		(1,031.0	)		(272.1	)	(35.9	)
Net cash used in financing activities		(497.5	)		(182.4	)		315.0		63.3
Free cash flows (1)		801.3			142.7			(658.6	)	(82.2	)
Free cash flows excluding the effects of irregular factor (2) and changes in investments for cash management purposes (3) *		442.4			93.4			(349.0	)	(78.9	)

Liabilities to cash flow ratio (4)		35.4	%		54.5	%	19.1 point			—
Interest coverage ratio (5)		290.0			283.4			(6.6	)	—


Notes:

(1)		Free cash flows = Net cash provided by operating activities + Net cash used in investing activities.

(2)		Irregular factor = Effects of uncollected revenues due to bank closures at the end of the fiscal year.

(3)		Changes in investments for cash management purposes = Changes by purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months.

(4)		Liabilities to cash flow ratio = Interest bearing liabilities / Net cash provided by operating activities (excluding irregular factor).

(5)		Interest coverage ratio = Net cash provided by operating activities (excluding irregular factor) / Interest paid**.

*		See “Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 40.

**		Interest paid is disclosed in “Supplemental disclosures of cash flow information” in the consolidated statements of cash flows on page 23.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

3. Profit Distribution

(1) Basic Policies for Profit Distribution

Believing that providing adequate returns to shareholders is one of the most important issues in corporate management, the Company plans to pay dividends by taking into account its consolidated results and consolidated dividend payout ratio based on the principle of stable dividend payments, while striving to strengthen its financial position and secure internal reserves. The Company will also continue to take a flexible approach regarding share repurchases. The Company intends to keep the repurchased shares as treasury stock and in principle to limit the amount of such treasury stock to approximately 5% of its total issued shares, and will consider retiring any treasury stock held in excess of this limit around the end of the fiscal year or at other appropriate times. Based on the authorization of a resolution adopted at the Ordinary General Meeting of Shareholders, the Company repurchased 856,405 shares of its own common stock for an aggregate price of ¥135.0 billion during the fiscal year ended March 31, 2009 and the Company retired 920,000 of its treasury stock (approximately 2.1% of its common stock outstanding before the retirement) as of March 31, 2009.

In addition, the Company will allocate internal reserves to active research and development efforts, capital expenditures and other investments in response to the rapidly changing market environment. The Company will endeavor to boost its corporate value by introducing new technologies, offering new services and expanding its business domains through alliances with new partners.

(2) Dividend

The Company paid ¥2,400 per share as an interim dividend for the six months ended September 30, 2008 and plans to pay a year-end dividend of ¥2,400 per share, resulting in a total annual dividend of ¥4,800 per share for the year ended March 31, 2009.

(3) Prospect for the next fiscal year

The Company expects to pay a total annual dividend of ¥5,200 per share for the year ending March 31, 2010, consisting of an interim dividend of ¥2,600 and a year-end dividend of ¥2,600 per share.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

4. Special Note Regarding Forward-Looking Statements

This Earnings Release contains forward-looking statements such as forecasts of results of operations, management strategies, objectives and plans, forecasts of operational data such as expected number of subscriptions, and expected dividend payments. All forward-looking statements that are not historical facts are based on management’s current plans, expectations, assumptions and estimates based on the information currently available. Some of the projected numbers in this report were derived using certain assumptions that are indispensable for making such projections in addition to historical facts. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those contained in or suggested by any forward-looking statement. Potential risks and uncertainties include, without limitation, the following:

(1)

Changes in the business environment such as intensifying competition from other cellular service providers or other technologies caused by Mobile Number Portability, new market entrants and other factors, could limit our acquisition of new subscriptions, retention of existing subscriptions, or may lead to diminish ARPU, or may lead to an increase in our costs and expenses.

(2)

Current and new services, usage patterns, and sales schemes introduced by our corporate group may not develop as planned, which could affect our financial condition and limit our growth.

(3)

The introduction or change of various laws or regulations or the application of such laws and regulations to our corporate group could restrict our business operations, which may adversely affect our financial condition and results of operations.

(4)

Limitations in the amount of frequency spectrum or facilities made available to us could negatively affect our ability to maintain and improve our service quality and level of customer satisfaction.

(5)

The W-CDMA technology that we use for our 3G system and/or mobile multimedia services may not be introduced by other overseas operators, which could limit our ability to offer international services to our subscribers.

(6)

Our domestic and international investments, alliances and collaborations may not produce the returns or provide the opportunities we expect.

(7)

As electronic payment capability and many other new features are built into our cellular phones, and services of parties other than those belonging to our corporate group are provided through our cellular handsets, potential problems resulting from malfunctions, defects or loss of handsets, or imperfection of services provided by such other parties may arise, which could have an adverse effect on our financial condition and results of operations.

(8)

Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image.

(9)

Inadequate handling of confidential business information including personal information by our corporate group, contractors and other factors, may adversely affect our credibility or corporate image.

(10)

Owners of intellectual property rights that are essential for our business execution may not grant us the right to license or otherwise use such intellectual property rights on acceptable terms or at all, which may limit our ability to offer certain technologies, products and/or services, and we may also be held liable for damage compensation if we infringe the intellectual property rights of others.

(11)

Earthquakes, power shortages, malfunctioning of equipment, software bugs, computer viruses, cyber attacks, hacking, unauthorized access and other problems could cause systems failures in the networks required for the provision of service, disrupting our ability to offer services to our subscribers and may adversely affect our credibility or corporate image.

(12)

Concerns about wireless telecommunications health risks may adversely affect our financial condition and results of operations.

(13)

Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence that may not be in the interests of our other shareholders.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<< 2. Condition of the Corporate Group>>

NTT DOCOMO, INC. primarily engages in mobile telecommunications services as a member of the NTT group, with NIPPON TELEGRAPH AND TELEPHONE CORPORATION (“NTT”) as the holding company.

The Company, its 115 subsidiaries and 17 affiliates constitute the NTT DOCOMO group (“DOCOMO group”), the largest mobile telecommunications services provider in Japan.

The business segments of the DOCOMO group and the corporate position of each group company are as follows:

[Business Segment Information]


Business		Main service lines
Mobile phone business		Cellular (FOMA) services, cellular (mova) services, packet communications services, international services, satellite mobile communications services, and sales of handsets and equipment for each service, etc.

Miscellaneous businesses		Credit business, wireless LAN services, IP telephone service and other miscellaneous businesses


Note:		mova services will be terminated at the end of March 2012.

[Position of Each Group Company]

(1)

The Company engages in mobile phone and other businesses in Japan.

(2)

27 subsidiaries of the Company, each of which is entrusted with certain services by the Company, operate independently to maximize their expertise and efficiency. These subsidiaries are entrusted with part of the services provided by, or give assistance to, the Company.

(3)

There are 88 other subsidiaries and 17 affiliates, including, among others, entities engaged in the research of overseas mobile communications markets and technologies and overseas units established for the purpose of global business expansion or new business deployment.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

The following chart summarizes the description above:

As of March 31, 2009


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<< 3. Management Policies >>

1. Basic Management Policies

Under the corporate philosophy of “creating a new world of communications culture,” our corporate group aims to contribute to the realization of a rich and vigorous society by reinforcing our core business with a focus on popularizing FOMA services, and promoting mobile multimedia services by offering services that are useful for customers’ daily lives and businesses. We will also seek to maximize our corporate value in order to be greatly trusted and highly valued by our valued shareholders and customers.

2. Target Management Indicators

Now that the Japanese mobile telecommunications market has entered a period of stable growth, our group regards EBITDA margin as an important management indicator from the perspective of profitability, to further enhance its management effectiveness. We also consider ROCE an important management indicator in terms of efficiency in its invested capital (shareholders’ equity + interest bearing liabilities). The group will exert its utmost efforts to achieve an EBITDA margin of at least 35% and a ROCE of at least 20% as its medium-term targets and attempt to maximize its corporate value.

Notes:

•

EBITDA margin = EBITDA / Operating revenues.

•

EBITDA = Operating income + Depreciation and amortization + Losses on sale or disposal of property, plant and equipment.

•

ROCE = Operating income / (Shareholders’ equity + Interest bearing liabilities) Shareholders’ equity and interest bearing liabilities are the average of the amounts as the end of a fiscal year and the previous year.

3. Medium- and Long-Term Management Strategies

[New DOCOMO Commitments]

In April 2008, we unveiled our new corporate brand and the New DOCOMO Commitments, our vision for transformation. Going forward, we will continually work to offer high-quality, value-added mobile services and technologies to each customer, to deliver on our four commitments:

(1)

We will revamp our brand and strengthen ties with our customers.

(2)

We will actively seek out the voices and opinions of our customers so that we can continue to exceed their expectations.

(3)

We will continue to drive innovations so that we can earn the respect and admiration of people worldwide.

(4)

We will become an organization whose energetic staff is capable of overcoming all challenges in pursuit of our corporate vision.

[DOCOMO’s Change and Challenge to Achieve New Growth]

We also developed a new action plan, “DOCOMO’s Change and Challenge to Achieve New Growth,” which covers initiatives to be implemented between the fiscal year 2008 ending March 31, 2009 and fiscal year 2012 ending March 31, 2013. By executing the “Change and Challenge” programs, we aim to contribute to society’s sustainable development and a safer, more secure environment for people to lead enriched, convenient lives.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

(1) DOCOMO’s Change

< New DOCOMO Commitments and review of operational structure>

After the introduction of New DOCOMO Commitments, we, as first steps towards implementing the “Change and Challenge” action plan, changed our corporate branding and integrated the former regional subsidiaries following a comprehensive review of operational structure.

< Promotion of customer-focused marketing>

From the perspective of customer-focused marketing, the entire group will join forces in all aspects of business based on a hands-on approach to serving customers. The aim will be to earn long-term customer loyalty by delivering the best possible service, safety and security to each customer.

< Steadfast implementation of actions for improved customer satisfaction>

We will perform a comprehensive review of all operations—from customer relations to handset and network development—to enhance customer satisfaction, aiming at being ranked No. 1 in customer satisfaction by FY2010.

(2) DOCOMO’s Challenge

As mobile services and networks evolve, mobile phones will assume the role of assisting customers’ individual behavior, in addition to providing the means for communication, information access and support for daily activities. Our group will take on the challenge of advancing each of these roles.

< Personalization of services>

We will deliver personalized services and functions that cater to the varying lifestyles and needs of individual customers, and further enrich their lives.

< Development of social-support services>

We will launch new businesses in fields such as environment, ecology, safety, security and health management for the sustainable growth of society and the creation of value in these new domains.

< Provision of converged services>

We will link mobile phones with various devices to provide convenient services tailored to specific usage scenarios.

< Evolution of video services>

Through collaboration with content providers, we will support customers’ lives and individual behavior with value-added video services available uniquely on mobile phones.

< Deployment of mobile broadband using LTE*>

To facilitate a widening array of advanced mobile broadband services, we will construct a high-speed, low-latency, large-capacity network by implementing LTE from 2010.


*		Abbreviation for Long Term Evolution. Also known as “Super3G” as proposed by DOCOMO or “3.9G” mobile communications system.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

< Evolution of handset>

We will provide handsets and devices that better fit customers’ specific needs. This will be achieved through the adoption of open platforms, the enhancement of hardware and software functions, and the diversification of designs and user interfaces.

< Collaboration of handsets and networks>

We will provide advanced services by optimizing the allocation of functions between handsets and networks, in particular to leverage the high-speed, low-latency, large-capacity properties of our LTE network.

< Basic research aimed at new value creation>

We will conduct research aimed at creating infrastructure that contributes to the development of society and its economy, ultimately to realize a more affluent society that fully leverages the advantageous characteristics of mobile communications.

< Expansion of international businesses>

We will expand our revenue streams from international businesses and achieve sustained growth by strengthening our international service offerings and pursuing investments and alliances mainly in the Asia-Pacific region.

< New domestic investments and alliances>

We will grow revenues and achieve sustained growth by creating new businesses and reinforcing core businesses through the pursuit of investments and alliances in Japan.

(3) Actions to strengthen core businesses

As the market matures in line with the increasing rate of mobile-phone penetration, we will strengthen ties with existing customers, cultivate new markets and continue to provide convenient, attractive services with the aim of reinforcing our core businesses. We will also work to expand our enterprise business by further growing our corporate subscriptions and proposing optimal solutions.

(4) Improvement of cost efficiency

We expect to achieve a 10% reduction in costs and expenses to solidify our financial standing for sustained growth. Initiatives include the nationwide optimization of operations and reduction of costs related to networks and sales.

(5) Corporate Social Responsibility (CSR) Activities

We will also contribute to society through initiatives to help protect the environment, promote universal design products and services, and realize a safer, more secure mobile society.

(6) Operating income and return to shareholders

We expect to achieve over ¥900 billion in annual operating income in FY2012. The company will also endeavor to maintain the highest level of payout ratio in Japan and stable dividends.

[Corporate Governance]

By establishing and operating an internal control system designed for lawful business conduct, our group will ensure compliance and thorough risk management on all fronts so that we can earn the trust and confidence of all stakeholders.


DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

4. Basic Approach to CSR

Adhering to our CSR message—“We connect people to people, and people to their worlds. We open the door to the future”, we will listen to each individual customer and to society, and will drive innovation toward the future to create abundance and convenience in life and culture. We have taken various actions in areas of key importance, such as global environment protection, promotion of universal design products and services, realization of a safe and secure mobile society and disaster preparedness and response. Among these activities, those that are directly related to the products and services offered by our group have been promoted under the “DOCOMO Anshin Mission” aimed at delivering peace of mind.

Names of companies or products presented in this document are the trademarks or registered trademarks of their respective organizations.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<< 4. Consolidated Financial Statements >>

1. Consolidated Balance Sheets


	Millions of yen
						(UNAUDITED)					Increase
	March 31, 2008					March 31, 2009					(Decrease)
ASSETS
Current assets:
Cash and cash equivalents	¥	646,905				¥	599,548				¥	(47,357	)
Short-term investments		52,208					2,448					(49,760	)
Accounts receivable		686,673					835,063					148,390
Allowance for doubtful accounts		(15,037	)				(15,072	)				(35	)
Inventories		146,584					123,206					(23,378	)
Deferred tax assets		108,037					102,903					(5,134	)
Prepaid expenses and other current assets		142,410					179,632					37,222

Total current assets		1,767,780		28.5	%		1,827,728		28.2	%		59,948

Property, plant and equipment:
Wireless telecommunications equipment		5,346,486					5,361,043					14,557
Buildings and structures		797,904					814,056					16,152
Tools, furniture and fixtures		536,718					519,213					(17,505	)
Land		198,958					198,985					27
Construction in progress		128,042					99,232					(28,810	)
Accumulated depreciation and amortization		(4,173,501	)				(4,301,044	)				(127,543	)

Total property, plant and equipment, net		2,834,607		45.6	%		2,691,485		41.5	%		(143,122	)

Non-current investments and other assets:
Investments in affiliates		349,488					572,014					222,526
Marketable securities and other investments		187,361					141,544					(45,817	)
Intangible assets, net		555,259					578,728					23,469
Goodwill		158,889					154,385					(4,504	)
Other assets		234,047					273,440					39,393
Deferred tax assets		123,403					248,896					125,493

Total non-current investments and other assets		1,608,447		25.9	%		1,969,007		30.3	%		360,560


Total assets	¥	6,210,834		100.0	%	¥	6,488,220		100.0	%	¥	277,386


LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	¥	75,662				¥	29,000				¥	(46,662	)
Short-term borrowings		1,712					—					(1,712	)
Accounts payable, trade		717,453					668,525					(48,928	)
Accrued payroll		53,538					58,627					5,089
Accrued interest		710					1,187					477
Accrued income taxes		203,645					238,742					35,097
Other current liabilities		181,595					152,354					(29,241	)

Total current liabilities		1,234,315		19.9	%		1,148,435		17.7	%		(85,880	)

Long-term liabilities:
Long-term debt (exclusive of current portion)		401,090					610,233					209,143
Liability for employees’ retirement benefits		116,888					146,326					29,438
Other long-term liabilities		180,757					239,918					59,161

Total long-term liabilities		698,735		11.2	%		996,477		15.4	%		297,742

Total liabilities		1,933,050		31.1	%		2,144,912		33.1	%		211,862

Minority interests		1,288		0.0	%		1,723		0.0	%		435

Shareholders’ equity:
Common stock		949,680					949,680					—
Additional paid-in capital		948,571					785,045					(163,526	)
Retained earnings		2,793,814					3,061,848					268,034
Accumulated other comprehensive income (loss)		410					(65,689	)				(66,099	)
Treasury stock, at cost		(415,979	)				(389,299	)				26,680

Total shareholders’ equity		4,276,496		68.9	%		4,341,585		66.9	%		65,089

Total liabilities, minority interests and shareholders’ equity	¥	6,210,834		100.0	%	¥	6,488,220		100.0	%	¥	277,386



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

2. Consolidated Statements of Income and Comprehensive Income


	Millions of yen
						(UNAUDITED)
	Year ended					Year ended					Increase
	March 31, 2008					March 31, 2009					(Decrease)
Operating revenues:
Wireless services	¥	4,165,234				¥	3,841,082				¥	(324,152	)
Equipment sales		546,593					606,898					60,305
Total operating revenues		4,711,827		100.0	%		4,447,980		100.0	%		(263,847	)

Operating expenses:
Cost of services (exclusive of items shown separately below)		811,133					872,438					61,305
Cost of equipment sold (exclusive of items shown separately below)		1,150,261					827,856					(322,405	)
Depreciation and amortization		776,425					804,159					27,734
Selling, general and administrative		1,165,696					1,112,568					(53,128	)
Total operating expenses		3,903,515		82.8	%		3,617,021		81.3	%		(286,494	)

Operating income		808,312		17.2	%		830,959		18.7	%		22,647

Other income (expense):
Interest expense		(4,556	)				(4,618	)				(62	)
Interest income		2,487					2,162					(325	)
Other, net		(5,555	)				(48,030	)				(42,475	)
Total other income (expense)		(7,624	)	(0.2	)%		(50,486	)	(1.2	)%		(42,862	)

Income before income taxes		800,688		17.0	%		780,473		17.5	%		(20,215	)

Income taxes:
Current		334,462					395,467					61,005
Deferred		(11,507	)				(87,067	)				(75,560	)
Total income taxes		322,955		6.9	%		308,400		6.9	%		(14,555	)
Equity in net income (losses) of affiliates, net of applicable taxes		13,553		0.3	%		(672	)	(0.0	)%		(14,225	)
Minority interests		(84	)	(0.0	)%		472		0.0	%		556

Net Income	¥	491,202		10.4	%	¥	471,873		10.6	%	¥	(19,329	)


Other comprehensive income (loss):
Unrealized holding losses on available-for-sale securities, net of applicable taxes		(16,331	)				(1,610	)				14,721
Net revaluation of financial instruments, net of applicable taxes		133					(125	)				(258	)
Foreign currency translation adjustment, net of applicable taxes		7,172					(47,586	)				(54,758	)
Pension liability adjustment, net of applicable taxes		(3,438	)				(16,778	)				(13,340	)

Comprehensive income:	¥	478,738		10.2	%	¥	405,774		9.1	%	¥	(72,964	)


PER SHARE DATA
Weighted average common shares outstanding
- Basic and Diluted (shares)		43,120,586					42,238,715					(881,871	)

Basic and Diluted earnings per share (yen)	¥	11,391.36				¥	11,171.58				¥	(219.78	)



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

3. Consolidated Statements of Shareholders’ Equity


	Millions of yen
				(UNAUDITED)
	Year ended			Year ended			Increase
	March 31, 2008			March 31, 2009			(Decrease)
Common stock:
At beginning of year	¥	949,680		¥	949,680		¥	—

At end of year		949,680			949,680			—


Additional paid-in capital:
At beginning of year		1,135,958			948,571			(187,387	)
Retirement of treasury stock		(187,387	)		(163,526	)		23,861

At end of year		948,571			785,045			(163,526	)


Retained earnings:
At beginning of year		2,493,155			2,793,814			300,659
Cash dividends		(190,543	)		(203,839	)		(13,296	)
Net income		491,202			471,873			(19,329	)

At end of year		2,793,814			3,061,848			268,034


Accumulated other comprehensive income:
At beginning of year		12,874			410			(12,464	)
Unrealized holding losses on available-for-sale securities		(16,331	)		(1,610	)		14,721
Net revaluation of financial instruments		133			(125	)		(258	)
Foreign currency translation adjustment		7,172			(47,586	)		(54,758	)
Pension liability adjustment		(3,438	)		(16,778	)		(13,340	)

At end of year		410			(65,689	)		(66,099	)


Treasury stock, at cost:
At beginning of year		(430,364	)		(415,979	)		14,385
Purchase of treasury stock		(173,002	)		(136,846	)		36,156
Retirement of treasury stock		187,387			163,526			(23,861	)

At end of year		(415,979	)		(389,299	)		26,680


Total shareholders’ equity	¥	4,276,496		¥	4,341,585		¥	65,089



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

4. Consolidated Statements of Cash Flows


	Millions of yen
				(UNAUDITED)
	Year ended			Year ended
	March 31, 2008			March 31, 2009
Cash flows from operating activities:
Net income	¥	491,202		¥	471,873
Adjustments to reconcile net income to net cash provided by operating activities-
Depreciation and amortization		776,425			804,159
Deferred taxes		(2,471	)		(87,626	)
Loss on sale or disposal of property, plant and equipment		54,359			43,304
Impairment loss on marketable securities and other investments		11,418			57,812
Equity in net (income) losses of affiliates		(22,810	)		1,239
Dividends from affiliates		15,349			15,500
Minority interests		84			(472	)
Changes in assets and liabilities:
Decrease (increase) in accounts receivable		187,434			(148,909	)
Increase in allowance for doubtful accounts		1,803			67
(Increase) decrease in inventories		(10	)		23,327
Decrease (increase) in prepaid expenses and other current assets		4,176			(14,661	)
(Increase) in non-current installment receivable for handsets		(58,931	)		(37,712	)
(Decrease) in accounts payable, trade		(50,477	)		(49,286	)
Increase in accrued income taxes		134,912			35,158
Increase (decrease) in other current liabilities		6,206			(29,126	)
(Decrease) increase in liability for employees’ retirement benefits		(19,002	)		29,438
Increase in other long-term liabilities		8,780			55,143
Other, net		21,693			4,449

Net cash provided by operating activities		1,560,140			1,173,677

Cash flows from investing activities:
Purchases of property, plant and equipment		(548,517	)		(517,776	)
Purchases of intangible and other assets		(216,816	)		(241,373	)
Purchases of non-current investments		(124,312	)		(313,889	)
Proceeds from sale and redemption of non-current investments		101,341			660
Acquisitions of subsidiaries, net of cash acquired		(14,797	)		568
Purchases of short-term investments		(6,562	)		(32,977	)
Redemption of short-term investments		5,443			32,255
Proceeds from redemption of long-term bailment for consumption to a related party		50,000			50,000
Other, net		(4,629	)		(8,451	)

Net cash used in investing activities		(758,849	)		(1,030,983	)

Cash flows from financing activities:
Proceeds from long-term debt		—			239,913
Repayment of long-term debt		(131,005	)		(77,071	)
Proceeds from short-term borrowings		15,249			62,274
Repayment of short-term borrowings		(15,351	)		(64,032	)
Principal payments under capital lease obligations		(2,821	)		(2,837	)
Payments to acquire treasury stock		(173,002	)		(136,846	)
Dividends paid		(190,543	)		(203,839	)
Other, net		(2	)		(3	)

Net cash used in financing activities		(497,475	)		(182,441	)

Effect of exchange rate changes on cash and cash equivalents		27			(7,610	)

Net increase (decrease) in cash and cash equivalents		303,843			(47,357	)
Cash and cash equivalents at beginning of year		343,062			646,905

Cash and cash equivalents at end of year	¥	646,905		¥	599,548

Supplemental disclosures of cash flow information:
Cash received during the year for:
Income taxes	¥	20,346		¥	21,999
Cash paid during the year for:
Interest, net of amount capitalized		4,656			4,141
Income taxes		200,079			383,838
Non-cash investing and financing activities:
Assets acquired through capital lease obligations		2,579			2,334
Retirement of treasury stock		187,387			163,526



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

5. Going Concern Assumption

None

6. Basis of Presentation and Significant Accounting Polices

The accompanying unaudited consolidated financial information of NTT DoCoMo, Inc. and its subsidiaries (collectively “we” or “DOCOMO”) is prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

(1) Adoption of new accounting standards

Fair Value Measurements

Effective April 1, 2008, DOCOMO adopted Statement of Financial Accounting Standards (“SFAS”) No. 157 “Fair Value Measurements”. SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. Although the definition of fair value retains the exchange price notion in earlier definitions of fair value, SFAS No. 157 clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market and emphasizes that fair value is a market-based measurement, rather than an entity-specific measurement. SFAS No. 157 also expands disclosures about the use of fair value to measure assets and liabilities subsequent to initial recognition through fair value hierarchy as a framework for measurement. The initial adoption of SFAS No. 157 did not have a material impact on DOCOMO’s results of operations and financial position. The disclosure required by SFAS No. 157 was omitted in this earnings release.

Disclosures about Derivative Instruments and Hedging Activities — an amendment of SFAS No. 133

Effective January 1, 2009, DOCOMO adopted SFAS No. 161 “Disclosures about Derivative Instruments and Hedging Activities — an amendment of SFAS No. 133”. SFAS No. 161 requires entities with derivative instruments to disclose information that should enable financial statement users to understand how and why an entity uses derivative instruments, how derivative instruments and related hedged items are accounted for under SFAS No. 133, and how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. The adoption of SFAS No. 161 did not have any impact on DOCOMO’s results of operations and financial position. The disclosure required by SFAS No. 161 was omitted in this earnings release.

(2) Significant accounting policies

Use of estimates

The preparation of DOCOMO’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Effective October 1, 2008, DOCOMO decreased the estimated useful lives of our long lived assets related to our 2G mova mobile phone services. This change in accounting estimate was due to the scheduled termination of mova services on March 31, 2012. As mova subscribers have been steadily migrating to DOCOMO’s 3G service, FOMA, DOCOMO has decided to discontinue mova services and concentrate on FOMA services. The change resulted in a decrease of ¥60,072 million in “Income before income taxes”, ¥35,563 million in “Net income” and ¥841.95 in “Basic and Diluted earnings per share” in the accompanying consolidated statement of income and comprehensive income for the year ended March 31, 2009, in accordance with SFAS No. 154, “Accounting Changes and Error Corrections, a replacement of Accounting Principles Board (APB) Opinion No. 20 and SFAS No. 3”. Prior periods have not been adjusted for this change.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

Allowance for doubtful accounts

The allowance for doubtful accounts is principally computed based on the historical bad debt experience and the estimated uncollectible amount based on the analysis of certain individual accounts including claims in bankruptcy.

Inventories

Inventories are stated at the lower of cost or market. The cost of equipment sold is determined by the first-in, first-out method.

Property, plant and equipment

Property, plant and equipment are stated at cost and include interest cost incurred during construction. Depreciation is computed by the declining-balance method at rates based on the estimated useful lives of the respective assets with the exception of buildings, which are depreciated on a straight-line basis.

Investments in affiliates

The equity method of accounting is applied to investments in affiliates where DOCOMO owns an aggregate interest of 20% to 50% and/or is able to exercise significant influence.

DOCOMO evaluates the recoverability of the carrying value of its investments in affiliates, which includes investor level goodwill, when there are indicators that a decline in value below its carrying amount may be other than temporary. In the event of a determination that a decline in value is other than temporary, a charge to earnings is recorded for the loss, and a new cost basis in the investment is established.

Marketable securities and other investments

DOCOMO accounts for its marketable securities in accordance with SFAS No. 115, “Accounting for Certain Investments in Debt and Equity Securities”.

Equity securities whose fair values are not readily determinable are carried at cost. Other than temporary declines in value are charged to earnings. Realized gains and losses are determined using the average cost method and are reflected currently in earnings.

Goodwill and other intangible assets

DOCOMO accounts for goodwill and other intangible assets in accordance with SFAS No. 142, “Goodwill and Other Intangible Assets”, SFAS No. 86, “Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed”, and American Institute of Certificated Public Accountants (AICPA) Statement of Position 98-1, “Accounting for the Costs of Computer Software Developed or Obtained for Internal Use”.

Impairment of long-lived assets

In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”, DOCOMO’s long-lived assets other than goodwill, including property, plant and equipment, software and other intangibles, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the asset is determined to be impaired, the amount of the loss based on its estimated fair value is recognized in earnings.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

Hedging activities

DOCOMO accounts for derivative financial instruments and other hedging activities in accordance with SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities”, as amended by SFAS No. 138, No. 149 and No. 161.

Employees’ retirement benefit plans

In accordance with SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans — an amendment of SFAS No. 87, 88, 106, and 132R”, DOCOMO recognizes the funded status of its benefit plan, measured as the difference between the plan assets at fair value and the benefit obligation, in the consolidated balance sheets. Changes in the funded status are recognized as changes in comprehensive income (loss) during the fiscal period in which such changes occur.

Pension benefits earned during the year as well as interest on projected benefit obligations are accrued currently. Prior service cost and net losses in excess of 10% of the greater of the projected benefit obligation or the fair value of plan assets, both of which are included in “accumulated other comprehensive income”, are amortized over the expected average remaining service period of employees on a straight-line basis.

Revenue recognition

Basic monthly charges and airtime charges are recognized as revenues at the time the service is provided to the subscribers. DOCOMO’s monthly billing plans for cellular (FOMA and mova) services generally include a certain amount of allowances (free minutes and/or packets), and the used amount of the allowances is subtracted from total usage in calculating the airtime revenue from a subscriber for the month. DOCOMO offers a billing arrangement called “Nikagetsu Kurikoshi” (2 month carry over), in which the unused allowances are automatically carried over for up to the following two months. In addition, DOCOMO offers an arrangement which enables the unused allowances that were carried over for two months to be automatically used to cover the airtime and/or packet fees exceeding the allowances of the other subscriptions in the “Family Discount” group, a discount billing arrangement for families with between two and ten DOCOMO subscriptions. Out of the unused allowance in a month, DOCOMO defers the revenues based on the portion which is estimated to be used in the following two months. As for the portion which is estimated to expire, DOCOMO recognizes the revenue attributable to such portion of allowances ratably as the remaining allowances are utilized, in addition to the revenue recognized when subscribers make calls or utilize data transmissions.

Equipment sales are recognized as revenues when equipment is accepted by the agent resellers and all inventory risk is transferred from DOCOMO. Certain commissions paid to agent resellers are recognized as a reduction of revenue upon delivery of the equipment to such agent resellers in accordance with Emerging Issues Task Force Issue No. 01-9 “Accounting for Consideration Given by a Vendor to a Customer (Including a Reseller of the Vendor’s Products)”.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

Effective November 2007, DOCOMO began to provide installment financing which enables subscribers to select installment payments for the purchase of handsets from agent resellers. Under the terms of the financing plan, the subscriber commits to pay the purchase price over a period of 12 or 24 months, which is billed as part of the subscribers’ monthly statement. Because equipment sales are recognized upon delivery of handsets to agent resellers, the advance payment for the purchased handset to agent resellers and subsequent cash collection of the installment receivable for the purchased handset from subscribers do not have an impact on our equipment sales. The portion of the installment payment due to be paid within the next 12 months is recorded as “Accounts receivable” and the remaining portion is recorded as “Other assets” in the consolidated balance sheets. The aggregate carrying amount of the installment receivable for handsets before deducting allowance for doubtful accounts, which was recorded as “Accounts receivable” and “Other assets” as of March 31, 2008 was ¥111,789 million and ¥59,036 million, respectively, and ¥293,845 million and ¥96,799 million, respectively, as of March 31, 2009.

Non-recurring upfront fees such as activation fees are deferred and recognized as revenues over the estimated average period of the subscription for each service. The related direct costs are also deferred to the extent of the related upfront fee amount and are amortized over the same period.

Income taxes

Income taxes are accounted for under the asset and liability method in accordance with SFAS No.109, “Accounting for Income Taxes”.

(3) Reclassifications

Certain reclassifications are made to the prior year’s consolidated financial statements to conform to the presentation used for the year ended March 31, 2009.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

7. Notes to Unaudited Consolidated Financial Statements

(1) Segment reporting:

Segment information for the years ended March 31, 2008 and 2009 was as follows:


	Millions of yen
Year ended	Mobile phone		Miscellaneous
March 31, 2008	business		businesses			Corporate		Consolidated
Operating revenues	¥	4,647,132	¥	64,695			—	¥	4,711,827
Operating expenses		3,788,943		114,572			—		3,903,515

Operating income (losses)	¥	858,189	¥	(49,877	)		—	¥	808,312


Assets	¥	4,838,663	¥	100,332		¥	1,271,839	¥	6,210,834

Depreciation and amortization	¥	767,481	¥	8,944			—	¥	776,425

Capital expenditures	¥	623,975		—		¥	134,768	¥	758,743

Millions of yen

Year ended

Mobile phone

Miscellaneous

March 31, 2009

business

businesses

Corporate

Consolidated

Operating revenues

4,381,254

66,726

—

4,447,980

Operating expenses

3,525,967

91,054

—

3,617,021

Operating income (losses)

855,287

(24,328

)

—

830,959

Assets

4,960,000

139,617

1,388,603

6,488,220

Depreciation and amortization

796,807

7,352

—

804,159

Capital expenditures

601,307

—

136,299

737,606

The “Corporate” column in the tables is not an operating segment but is included to reflect the recorded amounts of common assets which cannot be allocated to any specific business segment. Capital expenditures in the “Corporate” column include expenditures in “miscellaneous businesses” and certain expenditures related to the buildings for telecommunications purposes and common facilities, which are not allocated to each segment.

PHS services were terminated on January 7, 2008.

DOCOMO does not disclose geographical segments since the amounts of operating revenues generated and long-lived assets owned outside Japan are immaterial.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

(2) Deferred tax:

Deferred income taxes result from temporary differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. Significant components of deferred tax assets and liabilities as of March 31, 2008 and 2009 were as follows:


	Millions of yen
	March 31, 2008		March 31, 2009
Deferred tax assets:
Property, plant and equipment and intangible assets principally due to differences in depreciation and amortization	¥	48,618	¥	84,816
Reserve for point loyalty programs		46,004		72,073
Liability for employees’ retirement benefits		46,965		59,019
Deferred revenues regarding “Nikagetsu Kurikoshi” (2 month carry over)		32,441		35,774
Marketable securities and other investments		7,873		21,164
Accrued enterprise tax		16,594		16,796
Foreign currency translation adjustment		—		14,324
Compensated absences		12,455		12,809
Accrued bonus		6,897		7,059
Accrued commissions to agent resellers		9,343		4,502
Inventories		5,428		4,239
Investments in affiliates		—		3,207
Unrealized holding losses on available-for-sale securities		1,746		2,835
Other		12,435		16,886

Total deferred tax assets	¥	246,799	¥	355,503

Deferred tax liabilities:
Property, plant and equipment due to differences in capitalized interest		2,343		2,818
Foreign currency translation adjustment		6,674		—
Investments in affiliates		2,292		—
Intangible assets (principally customer-related assets)		2,026		—
Other		3,551		1,419

Total deferred tax liabilities	¥	16,886	¥	4,237

Net deferred tax assets	¥	229,913	¥	351,266

Virtually all income or loss before income taxes and income tax expenses or benefits are domestic. DOCOMO is subject to a number of different taxes, based on income, with an aggregate statutory income tax rate of 40.9% and 40.8% for the years ended March 31, 2008 and 2009, respectively. The effective income tax rate for the years ended March 31, 2008 and 2009 was 40.3% and 39.5%, respectively.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

(3) Other footnotes to unaudited financial statements:

Share repurchase and retirement

On June 19, 2007, the shareholders’ meeting approved a share repurchase plan under which DOCOMO could repurchase up to 1,000,000 shares at an aggregate amount not to exceed ¥200,000 million in order to improve capital efficiency and to implement flexible capital policies in accordance with the business environment. On June 20, 2008, the shareholders’ meeting also approved another share repurchase plan under which DOCOMO may repurchase up to 900,000 shares at an aggregate amount not to exceed ¥150,000 million.

Class, aggregate number and price of shares repurchased for the year ended March 31, 2009 were as follows:


Class of shares repurchased:		Shares of common stock of the Company
Aggregate number of shares repurchased:		868,120 shares
Aggregate price of shares repurchased:		¥136,846 million

The amounts above include acquisition of treasury stock at the request of dissenting shareholders who opposed the merger, under which our regional subsidiaries were dissolved and merged into DOCOMO, and fractional shares repurchased.

Based on the resolution of the board of directors on March 26, 2009, DOCOMO retired 920,000 shares of its treasury stock (aggregate purchase price: ¥163,526 million). As a result, additional paid-in capital decreased by ¥163,526 million for the year ended March 31, 2009.

Investment to Tata Teleservices Limited

On November 12, 2008, DOCOMO entered into an agreement on a strategic alliance with Tata Sons Limited, the prime promoter for Tata companies, and Tata Teleservices Limited (TTSL). On March 25, 2009, DOCOMO acquired approximately 26% of outstanding common shares of TTSL for ¥252,321 million pursuant to the agreement and accounted for the investment by applying the equity method.

(4) Subsequent event:

There was no significant subsequent event.

(Note)

Notes to leases, related party transactions, marketable securities, derivative financial instruments, employees’ retirement benefits, stock options, and business combinations are omitted because materiality for disclosure is not so significant in this earnings release.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

<< 5. Non-consolidated Financial Statements >>

1. Non-consolidated Balance Sheets


	Millions of yen
						(UNAUDITED)					Increase
	March 31, 2008					March 31, 2009					(Decrease)
ASSETS
Non-current assets:
Non-current assets for telecommunication businesses
Property, plant and equipment	¥	1,053,272				¥	2,627,079				¥	1,573,807
Machinery and equipment		414,443					987,955					573,512
Antenna facilities		162,003					675,690					513,686
Satellite mobile communications facilities		3,561					2,756					(805	)
Equipment related facilities		—					0					0
Telecommunications line facilities		5,079					43,778					38,699
Pipe and hand holes		3,945					14,834					10,888
Buildings		205,462					431,431					225,968
Structures		19,652					93,661					74,008
Other machinery and equipment		4,759					4,634					(125	)
Vehicles		116					172					55
Tools, furniture and fixtures		90,706					101,637					10,930
Land		101,067					196,094					95,027
Lease assets		1,036					1,919					883
Construction in progress		41,437					72,513					31,076
Intangible assets		527,653					621,418					93,765
Rights to use utility facilities		2,971					12,505					9,534
Software		479,311					493,385					14,073
Patents		94					89					(5	)
Leasehold rights		5,553					43,393					37,840
Lease assets		31					30					(0	)
Other intangible assets		39,691					72,014					32,323
Total non-current assets for telecommunication businesses		1,580,925					3,248,498					1,667,573
Investment and other assets
Investment securities		189,293					144,704					(44,588	)
Shares of affiliated companies		809,706					665,355					(144,351	)
Other investments in affiliated companies		1,185					1,575					389
Contributions in affiliated companies		5,595					5,220					(374	)
Long-term prepaid expenses		3,395					10,007					6,611
Long-term accounts receivable, other		—					96,799					96,799
Deferred tax assets		56,854					213,888					157,033
Other investments and other assets		63,666					78,427					14,761
Allowance for doubtful accounts		(793	)				(1,221	)				(427	)
Total investment and other assets		1,128,903					1,214,757					85,853

Total non-current assets		2,709,829		63.6	%		4,463,255		71.5	%		1,753,426

Current assets:
Cash and bank deposits		260,975					330,301					69,325
Notes receivable		5					43					37
Accounts receivable, trade		315,979					534,581					218,602
Accounts receivable, other		367,074					416,202					49,128
Securities		280,000					189,988					(90,011	)
Inventories and supplies		68,578					146,018					77,440
Advances		2,001					3,707					1,705
Prepaid expenses		17,189					28,485					11,296
Short-term loans		109,313					—					(109,313	)
Deposits		100,000					—					(100,000	)
Deferred tax assets		35,706					70,814					35,108
Other current assets		2,245					69,344					67,099
Allowance for doubtful accounts		(5,899	)				(14,787	)				(8,888	)

Total current assets		1,553,169		36.4	%		1,774,701		28.5	%		221,531

Total assets	¥	4,262,998		100.0	%	¥	6,237,957		100.0	%	¥	1,974,958



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009


	Millions of yen
						(UNAUDITED)					Increase
	March 31, 2008					March 31, 2009					(Decrease)
LIABILITIES
Long-term liabilities:
Bonds	¥	328,800				¥	568,800				¥	240,000
Long-term borrowings		67,000					38,000					(29,000	)
Lease obligations		1,107					2,064					957
Liability for employees’ retirement benefits		48,342					130,498					82,156
Reserve for point loyalty programs		45,810					176,649					130,839
Other long-term liabilities		351					6,983					6,632

Total long-term liabilities		491,410		11.5	%		922,996		14.8	%		431,585

Current liabilities:
Current portion of long-term borrowings		75,200					29,000					(46,200	)
Accounts payable, trade		282,197					277,396					(4,800	)
Lease obligations		677					1,174					496
Accounts payable, other		251,888					407,656					155,767
Accrued expenses		7,285					13,348					6,063
Accrued taxes on income		109,134					233,553					124,418
Advances received		12,061					31,103					19,042
Deposits received		474,968					86,627					(388,341	)
Provision for loss on PHS business		8,278					1,345					(6,932	)
Other current liabilities		24,526					61,988					37,461

Total current liabilities		1,246,218		29.3	%		1,143,194		18.3	%		(103,023	)

Total liabilities	¥	1,737,629		40.8	%	¥	2,066,191		33.1	%	¥	328,562

NET ASSETS
Shareholders’ equity
Common stock	¥	949,679		22.3	%	¥	949,679		15.2	%	¥	—
Capital surplus
Capital legal reserve		292,385					292,385					—
Other capital surplus		608,748					445,222					(163,526	)
Total capital surplus		901,133		21.1	%		737,607		11.8	%		(163,526	)
Earned surplus
Earned legal reserve		4,099					4,099					—
Other earned surplus
Accelerated depreciation reserve		4,945					1,533					(3,411	)
General reserve		358,000					358,000					—
Earned surplus brought forward		728,510					2,520,695					1,792,185
Total earned surplus		1,095,555		25.8	%		2,884,329		46.2	%		1,788,773
Treasury stock		(415,979	)	(9.8	)%		(389,298	)	(6.2	)%		26,680

Total shareholders’ equity	¥	2,530,389		59.4	%	¥	4,182,317		67.0	%	¥	1,651,927

Valuation and translation adjustments
Net unrealized holding gains or losses on securities		(7,105	)	(0.1	)%		(12,592	)	(0.1	)%		(5,487	)
Deferred gains or losses on hedges		2,085		0.0	%		2,041		0.0	%		(43	)

Total valuation and translation adjustments		(5,020	)	(0.1	)%		(10,551	)	(0.1	)%		(5,531	)

Total net assets		2,525,369		59.2	%		4,171,765		66.9	%		1,646,396

Total liabilities and net assets	¥	4,262,998		100.0	%	¥	6,237,957		100.0	%	¥	1,974,958



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

2. Non-consolidated Statements of Income


	Millions of yen
						(UNAUDITED)
	Year ended					Year ended					Increase
	March 31, 2008					March 31, 2009					(Decrease)
Recurring profits and losses:
Operating revenues and expenses
Telecommunication businesses
Operating revenues	¥	1,946,471		77.3	%	¥	3,152,379		78.8	%	¥	1,205,908
Voice transmission services		1,107,225					1,791,913					684,687
Data transmission services		593,568					1,279,075					685,506
Other		245,676					81,390					(164,286	)
Operating expenses		1,580,675		62.8	%		2,294,150		57.3	%		713,475
Business expenses		926,690					1,122,798					196,107
Administrative expenses		53,571					75,662					22,091
Depreciation		404,351					719,924					315,572
Loss on disposal of property, plant and equipment and intangible assets		24,028					65,820					41,791
Communication network charges		154,880					273,929					119,049
Taxes and public dues		17,152					36,015					18,863
Operating income from telecommunication businesses		365,795		14.5	%		858,228		21.5	%		492,432
Supplementary businesses
Operating revenues		571,370		22.7	%		850,326		21.2	%		278,955
Operating expenses		544,828		21.6	%		1,102,664		27.5	%		557,836
Operating income (losses) from supplementary businesses		26,542		1.1	%		(252,338	)	(6.3	)%		(278,880	)

Total operating income	¥	392,338		15.6	%	¥	605,890		15.2	%	¥	213,551

Non-Operating revenues and expenses
Non-operating revenues		206,871		8.2	%		45,131		1.1	%		(161,739	)
Interest income		1,784					842					(942	)
Interest income-securities		1,388					1,257					(130	)
Dividend income		198,421					19,132					(179,288	)
Rental income		—					6,668					6,668
Interest income on tax refund		—					6,116					6,116
Miscellaneous income		5,275					11,112					5,836
Non-operating expenses		22,503		0.9	%		11,784		0.3	%		(10,719	)
Interest expense		2,878					1,783					(1,095	)
Interest expense-bonds		4,528					6,069					1,541
Loss on write-off of inventories		11,770					—					(11,770	)
Miscellaneous expenses		3,325					3,931					605

Recurring profit	¥	576,706		22.9	%	¥	639,237		16.0	%	¥	62,531

Special profits and losses:
Special profits		9,092		0.4	%		1,641,753		41.0	%		1,632,660
Gain on extinguishment of merged shares		—					1,641,753					1,641,753
Gain on disbursement of substitutional portion of the National Welfare Pension Plan		9,092					—					(9,092	)
Special losses		19,593		0.8	%		53,918		1.4	%		34,324
Write-downs of investment securities		11,315					46,128					34,812
Write-downs of investment in affiliated companies		—					7,790					7,790
Provision for loss on PHS business		8,278					—					(8,278	)
Income before income taxes		566,205		22.5	%		2,227,071		55.6	%		1,660,866
Income taxes-current		158,400		6.3	%		329,400		8.2	%		171,000
Income taxes-deferred		(2,643	)	(0.1	)%		(94,940	)	(2.4	)%		(92,297	)

Net income	¥	410,448		16.3	%	¥	1,992,612		49.8	%	¥	1,582,163


Note:		The denominator used to calculate the percentage figures is the aggregate amount of operating revenues from telecommunication businesses and supplementary businesses.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

3. Non-consolidated Statements of Changes in Net Assets



For the Fiscal Year Ended March 31, 2008 (April 1, 2007 — March 31, 2008)		(Millions of yen)


	Shareholders’ equity
			Capital surplus								Earned surplus
													Other earned surplus
																		Earned
					Other								Accelerated					surplus									Total
	Common		Capital legal		capital			Total capital			Earned legal		depreciation			General		brought			Total earned			Treasury			shareholders’
	stock		reserve		surplus			surplus			reserve		reserve			reserve		forward			surplus			stock			equity
Balance as of March 31, 2007		949,679		292,385		796,136			1,088,521			4,099		10,559			358,000		502,990			875,649			(430,364	)		2,483,486
Changes during the annual period
Reversal of accelerated depreciation reserve														(5,614	)				5,614			—						—
Dividends from surplus																			(87,187	)		(87,187	)					(87,187	)
Dividends from surplus (interim dividends)																			(103,355	)		(103,355	)					(103,355	)
Net income																			410,448			410,448						410,448
Purchase of treasury stock																									(173,002	)		(173,002	)
Retirement of treasury stock						(187,387	)		(187,387	)															187,387			—
Net changes other than shareholders’ equity
The total amount of changes during the annual period		—		—		(187,387	)		(187,387	)		—		(5,614	)		—		225,519			219,905			14,385			46,903

Balance as of March 31, 2008		949,679		292,385		608,748			901,133			4,099		4,945			358,000		728,510			1,095,555			(415,979	)		2,530,389


	Valuation and translation adjustments
	Net unrealized holding gains					Total valuation and translation
	or losses on securities			Deferred gains or losses on hedges		adjustments			Total net assets
Balance as of March 31, 2007		24,171			509		24,681			2,508,167
Changes during the annual period
Reversal of accelerated depreciation reserve										—
Dividends from surplus										(87,187	)
Dividends from surplus (interim dividends)										(103,355	)
Net income										410,448
Purchase of treasury stock										(173,002	)
Retirement of treasury stock										—
Net changes other than shareholders’ equity		(31,276	)		1,575		(29,701	)		(29,701	)
The total amount of changes during the annual period		(31,276	)		1,575		(29,701	)		17,202

Balance as of March 31, 2008		(7,105	)		2,085		(5,020	)		2,525,369



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009



For the Fiscal Year Ended March 31, 2009 (April 1, 2008 — March 31, 2009)		(Millions of yen)


	Shareholders’ equity
			Capital surplus								Earned surplus
													Other earned surplus
																		Earned
					Other								Accelerated					surplus			Total						Total
	Common		Capital legal		capital			Total capital			Earned legal		depreciation			General		brought			earned			Treasury			shareholders’
	stock		reserve		surplus			surplus			reserve		reserve			reserve		forward			surplus			stock			equity
Balance as of March 31, 2008		949,679		292,385		608,748			901,133			4,099		4,945			358,000		728,510			1,095,555			(415,979	)		2,530,389
Changes during the annual period
Reversal of accelerated depreciation reserve														(3,411	)				3,411			—						—
Dividends from surplus																			(203,838	)		(203,838	)					(203,838	)
Net income																			1,992,612			1,992,612						1,992,612
Purchase of treasury stock																									(136,845	)		(136,845	)
Retirement of treasury stock						(163,526	)		(163,526	)															163,526			—
Net changes other than shareholders’ equity
The total amount of changes during the annual period		—		—		(163,526	)		(163,526	)		—		(3,411	)		—		1,792,185			1,788,773			26,680			1,651,927

Balance as of March 31, 2009		949,679		292,385		445,222			737,607			4,099		1,533			358,000		2,520,695			2,884,329			(389,298	)		4,182,317


	Valuation and translation adjustments
	Net unrealized holding gains or						Total valuation and translation
	losses on securities			Deferred gains or losses on hedges			adjustments			Total net assets
Balance as of March 31, 2008		(7,105	)		2,085			(5,020	)		2,525,369
Changes during the annual period
Reversal of accelerated depreciation reserve											—
Dividends from surplus											(203,838	)
Net income											1,992,612
Purchase of treasury stock											(136,845	)
Retirement of treasury stock											—
Net changes other than shareholders’ equity		(5,487	)		(43	)		(5,531	)		(5,531	)
The total amount of changes during the annual period		(5,487	)		(43	)		(5,531	)		1,646,396

Balance as of March 31, 2009		(12,592	)		2,041			(10,551	)		4,171,765



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

4. Going Concern Assumption

None

5. Note to Unaudited Financial Statements

Merger and acquisition (Transactions under common control)

(1)

Companies related to the merger and their nature of business, legal form of the merger, company name after the merger and overview of the merger including its objective

Companies related to the merger and their nature of business

Acquirer (the Company)


Trade Name		Nature of business
NTT DoCoMo, Inc.		Telecommunications

Acquirees (eight regional subsidiaries)


Trade Name		Nature of business
NTT DoCoMo Hokkaido, Inc.		Telecommunications
NTT DoCoMo Tohoku, Inc.		Telecommunications
NTT DoCoMo Tokai, Inc.		Telecommunications
NTT DoCoMo Hokuriku, Inc.		Telecommunications
NTT DoCoMo Kansai, Inc.		Telecommunications
NTT DoCoMo Chugoku, Inc.		Telecommunications
NTT DoCoMo Shikoku, Inc.		Telecommunications
NTT DoCoMo Kyushu, Inc.		Telecommunications

	b.		Legal form of the merger

			Merger under common control

	c.		Company name after the merger

			NTT DoCoMo, Inc.

	d.		Overview of the merger including its objective

The Company and its eight regional subsidiaries have successfully conducted community-based sales and infrastructure development in each respective region since 1993. However, the eight regional subsidiaries merged into the Company to better deal with the changing environment of mobile communications. The main objectives of the merger include achieving enriched and enhanced customer services, streamlined group management and faster decision-making. There was no issuance of new shares of the Company, delivery of money or other assets, or capital increase as a result of the merger.



DOCOMO Earnings Release		Fiscal Year Ended March 31, 2009

(2)

Basis for accounting treatment

In accordance with “Accounting Standard for Business Combination” (issued by the Business Accounting Council on October 31, 2003) and Accounting Standards Board of Japan (“ASBJ”) Implementation Guidance No.10 “Guidance on the Accounting Standard for Business Combination and Spin-off” issued by the ASBJ on November 15, 2007, the Company accounted for the merger as transactions under common control.

The Company recorded ¥1,641,753 million as special profit in the line item “Gain on extinguishment of merged shares”, which is the difference between the book value of acquiree shares the Company held immediately prior to the merger and the equity capital of the acquirees arising out of the difference between assets and liabilities that the Company had assumed from the acquirees.

(APPENDIX 1)

Operation Data for Fiscal Year Ended March 31, 2009

Full-year Forecast: as announced at April 28, 2009


									Fiscal Year			Fiscal Year			Fiscal Year			Fiscal Year
			[Ref.]						Ended Mar. 2009			Ended Mar. 2009			Ended Mar. 2009			Ended Mar. 2009			[Ref.]
			Fiscal Year			Fiscal Year			First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Fiscal Year
			Ended Mar. 31, 2008			Ended Mar. 2009			(Apr.-Jun. 2008)			(Jul.-Sep. 2008)			(Oct.-Dec. 2008)			(Jan.-Mar. 2009)			Ending Mar. 31, 2010
			Full-year Results			Full-year Results			Results			Results			Results			Results			Full-year Forecast
*Cellular*
Subscriptions	thousands			53,388			54,601			53,629			53,937			54,155			54,601			55,760
FOMA (1)	thousands			43,949			49,040			45,200			46,444			47,494			49,040			52,980
mova	thousands			9,438			5,560			8,429			7,493			6,661			5,560			2,780
Market share (2) (3)		%		52.0			50.8			51.7			51.5			51.2			50.8			—
Net increase from previous period	thousands			767			1,213			241			308			218			446			1,160
FOMA (1) (3)	thousands			8,420			5,091			1,251			1,244			1,050			1,546			3,940
mova (3)	thousands			(7,653	)		(3,878	)		(1,010	)		(936	)		(832	)		(1,100	)		(2,780	)
Churn Rate (3)		%		0.80			0.50			0.51			0.52			0.44			0.52			—
Number of handsets (FOMA+mova) sold (4)	thousands			25,739			20,129			4,946			5,318			4,511			5,353			—
Aggregate ARPU (FOMA+mova) (5)	yen/month/contract			6,360			5,710			5,890			5,860			5,730			5,390			5,280
Voice ARPU (6)	yen/month/contract			4,160			3,330			3,560			3,450			3,340			2,970			2,860
Packet ARPU	yen/month/contract			2,200			2,380			2,330			2,410			2,390			2,420			2,420
i-mode ARPU	yen/month/contract			2,170			2,340			2,290			2,360			2,350			2,370			2,360
ARPU generated from international services (7)	yen/month/contract			70			80			80			90			80			70			80
ARPU generated purely from i-mode (FOMA+mova) (5)	yen/month/contract			2,350			2,550			2,480			2,570			2,560			2,600			2,600
Aggregate ARPU (FOMA) (5)	yen/month/contract			6,990			6,010			6,260			6,180			6,000			5,610			5,420
Voice ARPU (6)	yen/month/contract			4,340			3,360			3,630			3,500			3,370			2,980			2,860
Packet ARPU	yen/month/contract			2,650			2,650			2,630			2,680			2,630			2,630			2,560
i-mode ARPU	yen/month/contract			2,610			2,590			2,590			2,630			2,580			2,580			2,490
ARPU generated from international services (7)	yen/month/contract			90			90			90			100			90			80			90
ARPU generated purely from i-mode (FOMA) (5)	yen/month/contract			2,720			2,760			2,730			2,790			2,750			2,760			2,700
Aggregate ARPU (mova) (5)	yen/month/contract			4,340			3,750			3,890			3,820			3,730			3,490			3,340
Voice ARPU (6)	yen/month/contract			3,590			3,090			3,220			3,120			3,070			2,860			2,800
i-mode ARPU	yen/month/contract			750			660			670			700			660			630			540
ARPU generated from international services (7)	yen/month/contract			10			10			10			10			10			10			10
ARPU generated purely from i-mode (mova) (5)	yen/month/contract			930			870			860			910			870			840			770
MOU (FOMA+mova) (5)	minute/month/contract			138			137			137			138			139			133			—
MOU (FOMA) (5)	minute/month/contract			156			148			150			150			150			142			—
MOU (mova) (5)	minute/month/contract			82			63			69			65			62			55			—
2in1 Subscriptions (8)	thousands			240			459			304			454			461			459			—
Communication Module Services Subscriptions (9)	thousands			1,433			1,527			1,466			1,509			1,536			1,527			1,610
FOMA Ubiquitous plan (10)	thousands			698			858			741			785			822			858			—
DoPa Single Service (11)	thousands			735			669			726			723			714			669			—
Prepaid Subscriptions (11)	thousands			40			38			40			39			39			38			—
*i-mode*
Subscriptions	thousands			47,993			48,474			48,061			48,069			48,150			48,474			48,850
FOMA	thousands			41,213			44,853			42,118			42,911			43,671			44,853			47,350
i-mode Subscription Rate (3)		%		89.9			88.8			89.6			89.1			88.9			88.8			87.6
Net increase from previous period	thousands			419			481			68			8			81			481			380
i-mode Flat-rate Packet Communication Plan Subscriptions (12)	thousands			12,744			17,610			13,395			13,949			15,751			17,610			—
i-channel Subscriptions	thousands			15,649			16,545			15,823			16,044			16,228			16,545			—
*Others*
DCMX Subscriptions (13)	thousands			5,640			8,980			6,440			7,350			8,170			8,980			11,800


*		Please refer to the attached sheet (P.39) for the definition of ARPU and MOU, and an explanation of the methods used to calculate ARPU and the number of active subscriptions used in calculating ARPU, MOU and Churn Rate.

(1)		From March 3, 2008 onward, another FOMA subscription is a prerequisite for the application of 2in1 in principle, and those FOMA subscriptions are included in the number of FOMA subscribers.

(2)		Source for other cellular telecommunications operators: Data announced by Telecommunications Carriers Association.

(3)		Data are calculated including Communication Module Services subscriptions.

(4)		Sum of new FOMA/mova subscriptions, change of subscription from mova to FOMA, FOMA handset upgrade by FOMA subscribers, mova handset upgrade by mova subscribers, and change of subscription from FOMA to mova.

(5)		Data are calculated excluding Communication Module Services-related revenues and Communication Module Services subscriptions.

(6)		Inclusive of circuit-switched data communications.

(7)		Inclusive of Voice Communications and Packet Communications.

(8)		Inclusive of users who applied for 2in1 after March 3, 2008.

(9)		Included in total cellular subscriptions.

(10)		Included in FOMA subscriptions.

(11)		Included in mova subscriptions.

(12)		Sum of “Pake-hodai double” subscriptions, “Pake-hodai” subscriptions and “Pake-hodai full” subscriptions.

(13)		Inclusive of DCMX mini subscriptions.

(APPENDIX 2)

Definition and Calculation Methods of ARPU and MOU

1. Definition of ARPU and MOU

	i)		ARPU (Average monthly Revenue Per Unit)¹:

			Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per subscription basis. ARPU is calculated by dividing various revenue items included in operating revenues from our wireless services, such as basic monthly charges, voice communication charges and packet communication charges, from designated services which are incurred consistently each month, by the number of active subscriptions to the relevant services. Accordingly, the calculation of ARPU excludes revenues that are not representative of monthly average usage such as activation fees. We believe that our ARPU figures provide useful information to analyze the average usage per subscription and the impacts of changes in our billing arrangements. The revenue items included in the numerators of our ARPU figures are based on our U.S. GAAP results of operations. This definition applies to all ARPU figures hereinafter.

ii) MOU (Minutes of Usage): Average monthly communication time per subscription.

2. ARPU Calculation Methods

ARPU (FOMA + mova)

	•		Aggregate ARPU (FOMA+mova) = Voice ARPU (FOMA+mova) + Packet ARPU (FOMA+mova)

	•		Voice ARPU (FOMA+mova): Voice ARPU (FOMA+mova) Related Revenues (basic monthly charges, voice communication charges) / No. of active cellular phone subscriptions (FOMA+mova)

	•		Packet ARPU (FOMA+mova): {Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges)+ i-mode ARPU (mova) Related Revenues (basic monthly charges, packet communication charges)}/ No. of active cellular phone subscriptions (FOMA+mova)

	•		i-mode ARPU (FOMA+mova)²: i-mode ARPU (FOMA+mova) Related Revenues (basic monthly charges, packet communication charges) / No. of active cellular phone subscriptions (FOMA+mova)

	•		ARPU generated purely from i-mode (FOMA+mova)³: i-mode ARPU (FOMA+mova) Related Revenues (basic monthly charges, packet communication charges) / No. of active i-mode subscriptions (FOMA+mova)

ii)

ARPU (FOMA)

	•		Aggregate ARPU (FOMA) = Voice ARPU (FOMA) + Packet ARPU (FOMA)

	•		Voice ARPU (FOMA): Voice ARPU (FOMA) Related Revenues (basic monthly charges, voice communication charges) / No. of active cellular phone subscriptions (FOMA)

	•		Packet ARPU (FOMA): Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) / No. of active cellular phone subscriptions (FOMA)

	•		i-mode ARPU (FOMA)²: i-mode ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) / No. of active cellular phone subscriptions (FOMA)

	•		ARPU generated purely from i-mode (FOMA)³: i-mode ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) / No. of active i-mode subscriptions (FOMA)

iii)

ARPU (mova)

	•		Aggregate ARPU (mova) = Voice ARPU (mova) + i-mode ARPU (mova)

	•		Voice ARPU (mova): Voice ARPU (mova) Related Revenues (basic monthly charges, voice communication charges) / No. of active cellular phone subscriptions (mova)

	•		i-mode ARPU (mova)²: i-mode ARPU (mova) Related Revenues (basic monthly charges, packet communication charges) / No. of active cellular phone subscriptions (mova)

	•		ARPU generated purely from i-mode (mova)³: i-mode ARPU (mova) Related Revenues (basic monthly charges, packet communication charges) / No. of active i-mode subscriptions (mova)

3. Active Subscriptions Calculation Methods

No. of active subscriptions used in ARPU/MOU/Churn Rate calculations is as follows:

No. of active subscriptions for each month:

(No. of subscriptions at the end of previous month + No. of subscriptions at the end of current month) / 2

No. of active subscriptions for full-year results/forecasts:

Sum of No. of active subscriptions for each month from April to March


1		Communication Module service subscriptions and the revenues thereof are not included in the ARPU and MOU calculations.

2		The denominator used in calculating i-mode ARPU (FOMA+mova, FOMA, mova) is the aggregate number of cellular subscriptions to each service (FOMA+mova, FOMA, mova, respectively), regardless of whether i-mode service is activated or not.

3		ARPU generated purely from i-mode (FOMA+mova, FOMA, mova) is calculated using only the number of active i-mode subscriptions as a denominator.

(APPENDIX 3)

Reconciliations of the Disclosed Non-GAAP Financial Measures to
the Most Directly Comparable GAAP Financial Measures

The reconciliations for the year ending March 31, 2010 (forecasts) are provided to the extent available without unreasonable efforts.

1. EBITDA and EBITDA margin


	Billions of yen
							Year ending
	Year ended			Year ended			March 31, 2010
	March 31, 2008			March 31, 2009			(Forecasts)
a. EBITDA	¥	1,639.1		¥	1,678.4		¥	1,569.0

Depreciation and amortization		(776.4	)		(804.2	)		(710.0	)
Loss on sale or disposal of property, plant and equipment		(54.4	)		(43.3	)		(29.0	)

Operating income		808.3			831.0			830.0

Other income (expense)		(7.6	)		(50.5	)		2.0
Income taxes		(323.0	)		(308.4	)		(336.0	)
Equity in net income (losses) of affiliates		13.6			(0.7	)		(1.0	)
Minority interests		(0.1	)		0.5			(2.0	)

b. Net income		491.2			471.9			493.0

c. Total operating revenues		4,711.8			4,448.0			4,382.0

EBITDA margin (=a/c)		34.8	%		37.7	%		35.8	%
Net income margin (=b/c)		10.4	%		10.6	%		11.3	%


Note:		EBITDA and EBITDA margin, as we use them, are different from EBITDA as used in Item 10(e) of regulation S-K and may not be comparable to similarly titled measures used by other companies.

2. ROCE after tax effect


	Billions of yen
							Year ending
	Year ended			Year ended			March 31, 2010
	March 31, 2008			March 31, 2009			(Forecasts)
a. Operating income	¥	808.3		¥	831.0		¥	830.0
b. Operating income after tax effect {=a*(1-effective tax rate)}		477.7			491.9			491.4
c. Capital employed		4,759.6			4,867.9			5,108.3

ROCE before tax effect (=a/c)		17.0	%		17.1	%		16.2	%
ROCE after tax effect (=b/c)		10.0	%		10.1	%		9.6	%


Notes:		The effective tax rate for the years ended March 31, 2008 and 2009 was 40.9% and 40.8%, respectively.

		The effective tax rate for the year ending March 31, 2010 (Forecasts) is 40.8%.

		Capital employed = Two period ends average of (Shareholders’ equity + Interest bearing liabilities).

		Interest bearing liabilities = Current portion of long-term debt + Short-term borrowings + Long-term debt.

3. Free cash flows excluding irregular factor and changes in investments for cash management purposes


	Billions of yen
							Year ending
	Year ended			Year ended			March 31, 2010
	March 31, 2008			March 31, 2009			(Forecasts)
Free cash flows excluding irregular factor and changes in investments for cash management purposes	¥	442.4		¥	93.4		¥	380.0

Irregular factor (1)		210.0			—			—
Changes in investments for cash management purposes (2)		148.9			49.3			—

Free cash flows		801.3			142.7			380.0

Net cash used in investing activities		(758.8	)		(1,031.0	)		(717.0	)
Net cash provided by operating activities		1,560.1			1,173.7			1,097.0


Notes:

(1)		Irregular factor represents the effects of uncollected revenues due to a bank closure at the end of the fiscal year.

(2)		Changes in investments for cash management purpose were derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purpose with original maturities of longer than three months. Net cash used in investing activities for the year ended March 31, 2008 and 2009 includes changes in investments for cash management purpose. However, the effect of changes in investments for cash management purpose is not taken into account when we forecasted net cash used in investing activities for the year ending March 31, 2010 due to the difficulties in forecasting such effect.

4. Market equity ratio


	Billions of yen
							Year ending
	Year ended			Year ended			March 31, 2010
	March 31, 2008			March 31, 2009			(Forecasts)
a. Shareholders’ equity	¥	4,276.5		¥	4,341.6			—
b. Market value of total share capital		6,436.8			5,583.3			—
c. Total assets		6,210.8			6,488.2			—

Equity ratio (=a/c)		68.9	%		66.9	%		—
Market equity ratio (=b/c)		103.6	%		86.1	%		—


Notes:

(1)		Market equity ratio for the year ending March 31, 2010 is not forecasted because it is difficult to estimate the market value of total share capital in the future.

(2)		Market value of total share capital = closing share price at the end of fiscal year multiplied by the number of outstanding shares at the end of fiscal year.

Copyright (C) 2009 NTT DOCOMO, INC. All rights reserved. NTT DOCOMO, INC. Results for the Fiscal Year Ended Mar. 31, 2009 and Principal Actions Planned for the Fiscal Year Ending Mar. 31, 2010 Apr. 28, 2009

SLIDE No. 1 RESULTS FOR FY2008 April 2008 to March 2009 1 / 45 Forward-Looking Statements This presentation contains forward-looking statements such as forecasts of results of operations, management strategies, objectives and plans, forecasts of operational data such as expected number of subscribers, and expected dividend payments. All forward-looking statements that are not historical facts are based on management’s current plans, expectations, assumptions and estimates based on the information currently available. Some of the projected numbers in this report were derived using certain assumptions that are indispensable for making such projections in addition to historical facts. These forward-looking statements are subject to various known and unknown risks, Uncertainties and other factors that could cause our actual results to differ materially from those contained in or suggested by any forwardlooking statement. Potential risks and uncertainties include, without limitation, the following: 1. Changes in the business environment such as intensifying competition from other cellular service providers or other technologies caused by Mobile Number Portability, new market entrants and other factors, could limit our acquisition of new subscriptions, retention of existing subscriptions, or may lead to diminish ARPU, or may lead to an increase in our costs and expenses. 2. Current and new services, usage patterns, and sales schemes introduced by our corporate group may not develop as planned, which could affect our financial condition and limit our growth. 3. The introduction or change of various laws or regulations or the application of such laws and regulations to our corporate group could restrict our business operations, which may adversely affect our financial condition and results of operations. 4. Limitations in the amount of frequency spectrum or facilities made available to us could negatively affect our ability to maintain and improve our service quality and level of customer satisfaction. 5. The W-CDMA technology that we use for our 3G system and/or mobile multimedia services may not be introduced by other overseas operators, which could limit our ability to offer international services to our subscribers. 6. Our domestic and international investments, alliances and collaborations may not produce the returns or provide the opportunities we expect. 7. As electronic payment capability and many other new features are built into our cellular phones, and services of parties other than those belonging to our corporate group are provided through our cellular handsets, potential problems resulting from malfunctions, defects or loss of handsets, or imperfection of services provided by such other parties may arise, which could have an adverse effect on our financial condition and results of operations. 8. Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image. 9. Inadequate handling of confidential business information including personal information by our corporate group, contractors and other factors, may adversely affect our credibility or corporate image. 10. Owners of intellectual property rights that are essential for our business execution may not grant us the right to license or otherwise use such intellectual property rights on acceptable terms or at all, which may limit our ability to offer certain technologies, products and/or services, and we may also be held liable for damage compensation if we infringe the intellectual property rights of others. 11. Earthquakes, power shortages, malfunctioning of equipment, software bugs, computer viruses, cyber attacks, hacking, unauthorized access and other problems could cause systems failures in the networks required for the provision of service, disrupting our ability to offer services to our subscribers and may adversely affect our cr edibility or corporate image. 12. Concerns about wireless telecommunications health risks may adversely affect our financial condition and results of operations. 13. Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence that may not be in the interests of our other shareholders.

SLIDE No. 3 RESULTS FOR FY2008 April 2008 to March 2009 3 / 45 U.S. GAAP 2008/3 (Full-year) (1) 2009/3 (Full-year) (2) Changes (1) #¨(2) 2010/3 (Full-year forecast) (3) Changes (2) #¨(3) Operating Revenues (Billions of yen) 4,711.8 4,448.0 -5.6% 4,382.0 -1.5% Cellular Services Revenues (Billions of yen) 4,019.0 3,661.3 -8.9% 3,449.0 -5.8% Operating Expenses (Billions of yen) 3,903.5 3,617.0 -7.3% 3,552.0 -1.8% Operating Income (Billions of yen) 808.3 831.0 +2.8% 830.0 +0.1% Income Before Income Taxes #iBillions of yen#j 800.7 780.5 -2.5% 832.0 +6.6% Net Income (Billions of yen) 491.2 471.9 -3.9% 493.0 +4.5% EBITDA Margin (%) * 34.8 37.7 +2.9 points 35.8 -1.9 points Adjusted Free Cash Flow (Billions of yen) * 442.4 93.4 -78.9% 380.0 +306.9% #ŸConsolidated financial statements in this document are unaudited. #ŸAdjusted free cash flow excludes the effects of uncollected revenues due to bank holidays at the end of the fiscal year and changes in investment for cash management purposes with original maturities of longer than three months. * For an explanation of the calculation processes for these numbers, please see the reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP on Slide 45 and the IR page of our website, www.nttdocomo.co.jp. FY2008 Results Highlights/FY2009 Forecasts

SLIDE No. 4 RESULTS FOR FY2008 April 2008 to March 2009 4 / 45 FY2008 Financial Results Summary #¡ FY2008 Financial Results Operating income: ¥831 billion (Up 2.8% year-on-year) Achieved 100.1% of FY08 full-year forecast #yHighlights#z NNeeww bbuussiinneessss mmooddeell TToottaall nnoo.. ooff hhaannddsseettss ssoolldd DDeepprreecciiaattiioonn//aammoorrttiizzaattiioonn *2: Percentage of users who chose “Value Course” among total users who purchased a handset using new purchase methods *1: “Fami-wari MAX 50”, “Hitoridemo Discount 50” and “Office-wari MAX 50” NNeeww ddiissccoouunntt sseerrvviicceess**11 New handset purchase methods Uptake expanded to approx. 60% of our total cellular subscribers Value Course selection rate*2 maintained at over 90% 20.13 million units (Down 5.61 million units or 21.8% year-on-year) Accelerated depreciation of mova-related assets (¥75.7 billion) Churn rate: 0.50% (FY09/4Q churn rate: 0.52%) (FY09/4Q churn rate: 0.52%) Reduced distributor commissions

SLIDE No. 5 RESULTS FOR FY2008 April 2008 to March 2009 5 / 45 FY2008 Financial Results -Key Factors- FY2007 Operating income: ¥831.0 billion Up ¥22.6 billion (+2.8% year-on-year) #¡ Key factors behind operating income growth #qFY07#ËFY08#r FY2008 Operating income ¥808.3 billion Growth in packet ARPU Lower churn rate Growth in packet ARPU Lower churn rate Decline in voice ARPU Decline in voice ARPU Decline in sales incentives, etc. resulting from expanded uptake of new handset purchase methods Decline in sales incentives, etc. resulting from expanded uptake of new handset purchase methods Inclusive of impact of accelerated depreciation of mova-related assets (Up ¥75.7 billion) Inclusive of impact of accelerated depreciation of mova-related assets Increase in (Up ¥75.7 billion) depreciation/amortization: Up ¥27.7 billion Increase in other expenses: Up ¥76.6 billion Decrease in total equipment sales cost: Down ¥390.8 billion Incl.) Equipment procurement cost: Down ¥322.4 billion Incl.) Distributor commissions: Down ¥68.4 billion Increase in other revenues: Up 33.6 billion Operating revenues: Down ¥263.8 billion Operating expenses: Down ¥286.5 billion Decline in cellular services revenues: Down ¥357.7 billion Increase in equipment sales revenues: Up ¥60.3 billion

SLIDE No. 6 RESULTS FOR FY2008 April 2008 to March 2009 6 / 45 0 5 10 15 20 25 30 35 08/3 08/6 08/9 08/12 09/3 10/3#iForecast#j 0% 10% 20% 30% 40% 50% 60% 70% #FSubscription rate (right axis) #FNo. of subscriptions (left axis) 0 4 8 12 16 20 07/12 08/3 08/6 08/9 08/12 09/3 0% 25% 50% 75% 100% NNeeww DDiissccoouunntt SSeerrvviicceess**11 NNeeww PPuurrcchhaassee MMeetthhooddss #¡ “Value Plan” subscriptions & “Value Course” selection rate*2 #¡ No. of subscriptions (Million subs.) (Subscription rate) *1 “Fami-wari MAX 50”, “Hitoridemo Discount 50” and “Office-wari MAX 50” *2 Percentage of users who chose “Value Course” among total users who purchased a handset using new purchase methods #F“Value Course” selection rate (right axis) #F No. of “Value Plan” subs (left axis) (Million subs.) (Selection rate) New Business Model

SLIDE No. 7 RESULTS FOR FY2008 April 2008 to March 2009 7 / 45 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Voice ARPU 4,440 4,340 4,090 3,780 3,560 3,450 3,340 2,970 3,330 2,860 (Incl.) Int’l services ARPU 60 70 70 80 80 90 80 70 80 80 Packet ARPU 2,120 2,210 2,200 2,270 2,330 2,410 2,390 2,420 2,380 2,420 (Incl.) i-mode ARPU 2,090 2,180 2,170 2,230 2,290 2,360 2,350 2,370 2,340 2,360 YOY changes in packet ARPU (%) 7.6 11.6 9.5 9.1 9.9 9.0 8.6 6.6 8.2 1.7 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY08 FY09 6,560 6,550 6,290 #EAggregate ARPU for FY2008 was ¥5,710 (Down 10.2% year-on-year) Data ARPU was ¥2,380 (Up 8.2% year-on-year) 6,050 2,120 2,210 2,200 2,270 2,330 5,890 2,410 5,860 2,390 5,730 FY2007 FY2008 Cellular (FOMA+mova) ARPU FY07 full-year aggregate ARPU: ¥6,360 #iDown 5.1% year-on-year#j FY07 full-year aggregate ARPU: ¥6,360 #iDown 5.1% year-on-year#j FY08 full-year aggregate ARPU: ¥5,710 #iDown 10.2% year-on-year#j FY08 full-year aggregate ARPU: ¥5,710 #iDown 10.2% year-on-year#j (Yen) #Ÿ For an explanation of ARPU, please see Slide 44 of this document, “Definition and Calculation Methods of MOU and ARPU”. 2,420 5,390 2,380 5,710 2,420 5,280

SLIDE No. 8 RESULTS FOR FY2008 April 2008 to March 2009 8 / 45 #EFY2008 full-year churn rate was 0.50% 0.00 0.50 1.00 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2007 FY2008 0.51#“ 0.52#“ 0.44#“ 0.52#“ Churn Rate #¡ Cellular (FOMA+mova) Churn Rate (#“) FY07 full-year churn rate: 0.80% FY08 full-year churn rate: 0.50% New handset purchase methods (Nov. 07) New discount services (Aug. 07)

SLIDE No. 9 RESULTS FOR FY2008 April 2008 to March 2009 9 / 45 0 5 10 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q #ETotal no. of handsets sold in FY2008: 20.13 million (Down 21.8% year-on-year) #ETotal handset sales for FY2009 projected to be 19.70 million FY,Q,O,O,V (Million units) FY,Q,O,O,W FFYY22000077:: 2255..7744 mmiilllliioonn 6.24 5.35 6.56 6.52 6.42 4.95 5.32 4.51 FY2008: 20.13 million (Down 21.8% year-on-year) Down 21.8% year-on-year) Total Handset Sales #F Total handsets sold (DOCOMO + au +SOFTBANK)* #F Total handsets sold (DOCOMO) *Calculated based on financial results materials of each company

SLIDE No. 10 RESULTS FOR FY2008 April 2008 to March 2009 10 / 45 #EAccelerate subscriber migration to FOMA in view of scheduled termination of mova services (March 31, 2012) #EAim to grow FOMA subscriptions to 95% of total by Mar. 31, 2010 Subscriber Migration to FOMA 0 10 20 30 40 50 60 07/3 07/6 07/9 07/12 08/3 08/6 08/9 08/12 09/3 10/3 (forecast) mova 55.76 52.98 #i95.0%#j 49.04 #i89.8%#j 53.39 54.60 43.95 #i82.3%#j 52.62 9.44 17.09 5.56 2.78 35.53 #i67.5%#j Numbers in parentheses indicate the percentage of FOMA subscriptions to total cellular subscriptions (Million subs.) #ŸInclusive of Communication Module Services subscriptions

SLIDE No. 11 RESULTS FOR FY2008 April 2008 to March 2009 11 / 45 FY2009 Results Forecasts Highlights FY2008 FY2009 (forecast) Operating income: ¥831.0 billion #¡ Factors behind changes in operating income #qFY08#ËFY09 (forecast) #r Decrease in voice revenues: Down ¥265.0 billion Operating income: ¥830.0 billion #¡ FY2009 Results Forecasts #Ë Secure operating income by making up for the decline in voice revenues by reducing network-related costs and distributor commissions, etc. Operating income: ¥830.0 billion Increase in packet revenues: Up ¥52.0 billion Decrease in distributor commissions: Down ¥66.0 billion #iBefore application of EITF 01-9) Decrease in network-related costs: Down ¥134.0 billion Others: Down ¥12.0 billion Depreciation, communication network charges, etc. Depreciation, communication network charges, etc. GGeenneerraal l eexxppeennsseess,, eettcc.. Decrease in basic monthly charge revenues: Down ¥184.0 billion Impact of expanded uptake of Value Plan : Down ¥130.0 billion

SLIDE No. 13 RESULTS FOR FY2008 April 2008 to March 2009 13 / 45 #EFY2009 is positioned as “a year to take steadfast steps” toward achieving our medium-term vision, while working to further improve customer satisfaction Improvement of customer satisfaction “CChhaannggee aanndd CChhaalllleennggee” Creation of new revenue sources Personalization Social support Enhancement & enrichment of services Health care, environment/ ecology business Enrich after-sales support More affordable & easier-to-use billing plans Motivate subscribers to join flat-rate services by enriching video content portfolio, etc. Strengthen CSR activities Explore strategic investments & alliances Converged services “Home Area” services Improvement of cost efficiency Boost efficiency of network -related costs Further cut general expenses ,b,r,q Area quality improvement FY2009 Business Operation Policies Actions to expand usage

SLIDE No. 14 RESULTS FOR FY2008 April 2008 to March 2009 14 / 45 Improvement of Customer Satisfaction -1- Afftteerr—ssaalleess ssuuppppoorrtt Expand “Battery Pack Anshin Support” service Launch “keitai tenken” service July 1, 2009 (planned) Tester Check-up results Free mobile phone check-up at docomo Shops Charger adapter (July 1, 2009- June 30, 2010 (planned)) #EReinforce after-sales support to ensure comfortable use of mobile phones at all times Battery pack or #Ÿ Please confirm the details of each service at docomo Shops or on our web site. July 1, 2009 (planned) Provide an option to choose charger adapter in addition to conventional free battery pack

SLIDE No. 15 RESULTS FOR FY2008 April 2008 to March 2009 15 / 45 Improvement of Customer Satisfaction -2- Moorree aaffffoorrddaabbllee bbiilllliinngg ppllaannss “Pake-hodai double” No. of packets 5,838 packets 52,500 packets More affordable rates ¥490 ¥1,029 ¥4,410 To be applied from May 1, 2009 (planned) Entry rate: ¥490/month (tax included) (after revision) (previous) #ERevise billing plans to make our services easier-to-use & more affordable #Ÿ Please confirm the details of each service at docomo Shops or on our web site.

SLIDE No. 16 RESULTS FOR FY2008 April 2008 to March 2009 16 / 45 Improvement of Customer Satisfaction -3- Moorree aaffffoorrddaabbllee bbiilllliinngg ppllaannss “Biz-hodai double” 5,838 No. of packets packets 71,250 packets ¥490 ¥1,029 ¥5,985 To be applied from May 1, 2009 (planned) Entry rate: ¥490/month (tax included) (previous) “Flat-rate Data Plan Standard” No. of packets ¥1,000 ¥5,985 * When “Flat-Rate Data Plan Standard Value” subscriber joins “Flat-Rate Data Standard Discount” Monthly charge Monthly charge #ERevise billing plans to allow customers access video and other rich contents free of worries about phone bill To be applied from July 1, 2009 (planned) (after revision) (after revision) #Ÿ Please confirm the details of each service at docomo Shops or on our web site. ¥1,000/month (tax included) If “Flat-Rate Data Plan Standard Value” subscriber joins “Flat-Rate Data Standard Discount” 23,825 packets 142,500 packets

SLIDE No. 17 RESULTS FOR FY2008 April 2008 to March 2009 17 / 45 Improvement of Customer Satisfaction -4- Expansion of free-of-charge mail service between Family Discount/ Office Discount group members #Ë Mail attachments such as large-capacity video, Deco-mail or other images can also be transmitted free of charge Better response to coverage improvement request from customers (customer visit within 48 hours) #Ë Customer visit to be continued in FY09 to respond to more requests from customers. Introduce new repeater compatible with FOMA Plus-Area to improve indoor area quality To be applied from May 1, 2009 (planned) Improved convenience to overseas travelers, Japanese living abroad #Ë Establish new overseas customer counters in London and New York in addition to existing overseas offices (9 offices in 7 countries) #EContinually implement various measures to enhance customer satisfaction #Ÿ Please confirm the details of each service at docomo Shops or on our web site.

SLIDE No. 18 RESULTS FOR FY2008 April 2008 to March 2009 18 / 45 Actions for expand Usage -1- #EExpand packet usage through handset functionality enhancement and enrichment of content #¡ Billing plans 17.61 (As of Mar. 31, 2009) 39% *1: Inclusive of “Pake-hodai full” and “Pake-hodai double” subscriptions *2: Pake-hodai subscription rate= No. of Pake-hodai subscriptions/Total FOMA i-mode subscriptions 12.74 FY09 Pake-hodai subscription rate target: 47#“ Pake-hodai 5,838 subscription rate*2 packets 52,500 packets ¥490 ¥1,029 (after revision) ¥4,410 (previous) Video access w/o worries about bill More affordable “Pake-hodai double” rates #¡ Handsets Functional “Inline FLASH” enhancement #¡ Expansion of services & #¡ Growing flat-rate subs contents Today Future Mainly entertainment Medical service Navigation Tourist info. Online shopping Entertainment Security More natural use of video Expand packet usage Expand usage & domains Example ,a,...,...,s,u Planned launch: May 1, 2009 What you really wanted to see is now in your hands ¥315/month (tax included) (Million subs) 08/3 09/3 10/3 #¡ “Pake-hodai*1” subscriptions #Ÿ Please confirm the details of each service at docomo Shops or on our web site. #¡,·,^®#w“ü #”—Ê #¡‰¿Ši ¥,P,X#C,W,O,O/#Å•Ê #¡—˜—p#Ò,Ì#º #EFLV‘Î‰#,µ,Ä,¹/2,æ#E * Picture is conceptual Allows users to deliver more natural expression by projecting video on a section of mobile phone screen Ex. Video contents 22.40

SLIDE No. 19 RESULTS FOR FY2008 April 2008 to March 2009 19 / 45 #EEnrich lineup of smartphones/data devices and reinforce sales promotion to expand market and acquire new subscriptions ,g,s-,O,P,` ,g,s-,O,Q,` ,a,Œ,#,ƒ,‹,a,...,’,’,™ ,a,#,Œ,,, ¥1,000 No. of packets More affordable rates More models to be added in future ¥5,985 (after revision) “Biz-hodai double” Reduce “Biz-hodai” minimum rate to ¥490/month Enrich product lineup #¡ Smartphones #¡Data devices (data cards/modules) Sales channel Data devices HSUPA-enabled Products with built-in module Strengthen sales at docomo Shops Expand floor space at mass retailers Billing plans #Ÿ Please confirm the details of each service at docomo Shops or on our web site. “Flat-rate Data Plan Standard” Entry rate: ¥1,000/month (tax included) * If subscribed to “Data Plan Standard Value” together with “Flat-rate Data Standard Discount” 23,825 packets 142,500 packets Actions for expand Usage -2-

SLIDE No. 20 RESULTS FOR FY2008 April 2008 to March 2009 20 / 45 Target subs as of Mar. 31, 2010: 3.80 million Functional enhancement by linking “i-concier” with location information Enrichment of community information content Aim to use “B to B to C model” for information delivery to customers Planned for FY09/2H #¡ “i-concier” subs Topped 1 million (Apr. 11, 2009) 0 500 1,000 08/11 12 09/1 2 3 (1,000 subs) #ENo. of “i-concier” subscriptions: Topped 1 million (Apr. 11, 2009) #EEnhance “i-concier” functions by linking it with location information (FY2009/2H) Personalization

SLIDE No. 21 RESULTS FOR FY2008 April 2008 to March 2009 21 / 45 Social Support #EEstablish infrastructure that enhances efficiency of information distribution in five fields where mobile communications can make great contributions (environment, medical service, finance, safety/security and education) and develop into commercial business. In FY2009, we will focus on the three fields below, actively seeking alliance with external partners to achieve an early take-off of businesses Conduct verification experiments and trials and work to create new business opportunities from a long-term perspective Establish infrastructure for delivering personal medical information using mobile communications #¡ Health care/medical information delivery service #¡ Remote medical support Health care business Establish infrastructure for information collection through by combining sensing technologies with mobile communications #¡ Environmental sensing #¡ Eco-life support (energy-saving support) Environment/ecology business Finance/payment business Further diversify services and businesses in finance and payment fields #¡ Promotion of mobile CRM #¡ New convergence service in the field of Finance

SLIDE No. 22 RESULTS FOR FY2008 April 2008 to March 2009 22 / 45 “Home Area” services using femto cells To be started from FY2009/2H or beyond Mobile Phone Fixed-line phone Broadcasting Automobile (ITS) Industrial equipment NGN Location linkage autosynchronization CGM storage Map data Remote monitoring Remote control Remote control Remote monitoring IP#]TV Mobile multimedia broadcasting (ISDB-Tmm) Target ad Remote control Location linkage autosynchronization Farmware update Femto BTS Info appliance #¡ Directions of convergence Internet DOCOMO network Content/ service provider Femto BTS Behavior support (linked with user location) (inside/outside home) “Home Area” Linkage with home appliances Stable communications environment (bandwidth control) #¡ Flyer-coupon delivery #¡ Large-capacity content (video, etc.) #¡ In-premise coverage #¡Remote control of home appliances *Image is conceptual * Image is conceptual Broadband network #ELaunch new “Home Area” services using femto cells, with the aim of expanding and proliferating converged services (Planned for FY2009/2H) Converged Services Image#FName of site “MOVIE FULL (Free)” Provided by: ISAO

SLIDE No. 23 RESULTS FOR FY2008 April 2008 to March 2009 23 / 45 Investment/Alliances #ELeverage investments/alliances with the aim of expanding businesses in fields where mobile communications can make great contributions (planned in May 2009) Investment in OAK LAWN MARKETING Joint venture with AEON Group Mobile business Proxy sales promotion Marketing business Timely information delivery based on customer attributes Member data management, sales promotion by entrustment (e.g., mobile survey) Customer/shop POS data analysis, customer survey Invigorate mobile e-commerce market through convergence with TV shopping service OAK LAWN MARKETING (direct marketing) (mobile business) docomo Point Channel (shop) Popular merchandise Teleshopping know-how Infommercial broadcasting Buyer Shopping payment Repeat purchase (cosmetics, etc.) New product PR at docomo Shop Program delivery to mobile phone Create buyer’s community Delivery of personalized information Link TV shopping with mobile payment Link with docomo Point system Video (packet) Communication tools Agent Payment (DCMX/iD) Customer #V‰ï#Ð AEON Marketing, Inc. #o#‘ (29%) Invest (71 (29 %) Invest %) One-to-one marketing using mobile phone ",Â,â#E”S,è#E ŠÃ,Ý#O”##q ,»,ë,Á,¹/2 ,¨,¢,µ,¢,¨ ·Ä” ,Å,· #VŠƒŒ§“ì‹›#À#s,æ,è#A#V•Ä ,^a“ü‰×,µ,Ü,µ,¹/2#I , ,È,¹/2,³/4,¯ƒN#[ƒ|ƒ“ƒR,Íƒ`ƒ‰ ƒgƒbƒvƒoƒŠƒ...ƒZƒŒƒNƒg “ì‹›#À#YƒRƒVƒqƒJƒŠ ,vW,...e,,bƒT sƒCiteƒgƒ#M#[ailƒ‹

SLIDE No. 24 RESULTS FOR FY2008 April 2008 to March 2009 24 / 45 International Businesses #¡Revenue size of international businesses* Incl.) Int’l dialing/roaming revenues 0 20 40 60 FY07 FY08 FY09 (forecast) 33.0 #{14#“ (Billions of yen) 21.1 19.9 27.5 54.1 47.4 59.0 #F Int’l roaming revenues #F Int’l dialing revenues #{9#“ * Includes international calls/roaming revenues, dividends from overseas investees and revenue contribution from overseas affiliates accounted for by equity method, etc. ¥80.0 billion ¥90.0 billion FY07 FY08 Revenue size ¥100.0 billion FY09 (forecast) (Inclusive of inbound roaming revenues) International services Enterprise solutions Overseas business deployment #ESeamlessly provide Japanese and overseas customers with high-quality mobile services comparable to DOCOMO’s, making full use of our own resources and leveraging alliances with overseas partners

SLIDE No. 25 RESULTS FOR FY2008 April 2008 to March 2009 25 / 45 Corporate Marketing #EStep up efforts to capture the growing enterprise market #¡ Principal actions (FY09) Establish structure to account & contact all clients - To grow subscriptions - Reinforce solution deployment - To expand SI/product revenues, new businesses- Propose attractive devices/solutions #EFMC solutions #Ë Nationwide office extension service “Office Link” #ESecurity solutions #Ë “Anshin Manager”, “Command Direct” #ESmartphone solutions #Ë Expand BlackBerry-related services Expand B to B to C businesses Increase corporate subscriptions Expand mobile market #ESteadfast migration to FOMA #EHorizontal expansion of existing market (vending machines, mobile payment, etc.) #ECultivate & expand new markets (ITS, etc.) Strengthen proposals relating to safety/security and CSR #]Expand adoption of “Area Mail” emergency alert service (for local governments) #]CO2 emission reduction using fleet management system, etc. #yFY09 Target#zNo. of subscriptions (by corporate name): 7.00 million (400,000 net additions)

SLIDE No. 26 RESULTS FOR FY2008 April 2008 to March 2009 26 / 45 #EStrengthen activities to boost usage and increase mobile credit users #sFY2009 targets#t DCMX subscriptions: 11.80 million No. of iD payment terminals installed: 430,000 docomo Point merchants #¡ Reinforce promotions Higher point accumulation for credit card payment #¡ Expand merchants (increase point accumulation rate) DCMX docomo Point Mall Higher point accumulation for net shopping Attach emphasis on boosting credit usage 0 3 6 9 12 08/3 08/6 08/9 08/12 09/3 10/3 (forecast) (Million subs.) #¡ DCMX subscribers #¡ Principal actions Credit #EReinforce sales activities at docomo Shops Subscriber acquisition Boost usage

SLIDE No. 27 RESULTS FOR FY2008 April 2008 to March 2009 27 / 45 #EImprove cost efficiency to strengthen business foundation #¡ Network related costs FY07 FY08 FY09 (forecast) 1,121.5 1,045.2 1,012.0 (Billions of yen) Impact of accelerated depreciation: ¥75.7 billion 1,120.9 Down ¥76.3 billion (effective) (depreciation/communication network charges) Impact of accelerated depreciation of mova assets, etc. Reduction of base station construction costs Measures to improve efficiency of network —related costs Streamlining of network Reduction of communication network charges Improve efficiency by standardizing base station tower specifications Structural reform of i-mode center Optimization of BS transmission lines #EUse of large-capacity equipment, integration of equipment by reviewing application configuration Conversion into IP network #EUse of generic equipment, integration of equipment through capacity enhancement Use of optimal equipment for each area Simplified network Construction of more economical transmission network Improvement of Cost Efficiency -1- Down ¥101.5 billion (effective) Impact of accelerated depreciation: ¥8billion 1,020.0

SLIDE No. 28 RESULTS FOR FY2008 April 2008 to March 2009 28 / 45 #¡ General expenses Improvement of Cost Efficiency -2- FY09 Approx. ¥40.0 billion reduction Continually work to cut general expenses Operational efficiency improvement through integration of former regional subsidiaries Operational process review #yPrincipal actions for efficiency improvement#z Review of handset logistics/ repair handset logistics #EStreamline staff organizations #EPriority allocation of human resources to customer fronts and other growth areas Integration/ efficiency improvement of various centers Optimal allocation of human resources Integration of contractors: Transfer approx. 400 employees Handset logistics#F 5 #Ë 1 Repair handset logistics: 9 #Ë 2 To be completed within FY09/2H To be implemented by FY2010 (to be reduced to 1 contractor in FY10) Repair acceptance center Call center Billing center

SLIDE No. 29 RESULTS FOR FY2008 April 2008 to March 2009 29 / 45 Network Evolution * 1:Abbreviation of Long Term Evolution. Also known as “Super 3G” as proposed by DOCOMO or “3.9G” mobile communications system. *2: DL=Downlink, UL= Uplink *3: Transmission rates described in the chart are the max. transmission rates defined in the standard specifications #`2006 2007 2008 2009 2010#` Continual evolution of NW Transmission rates (bps) 1G 100M 10M 1M 100K Time W-CDMA HSDPA HSPA LTE*1 4G DL:384K UL:384K *,Q DL:3.6/7.2M UL:384K *2*3 DL:7.2/14M UL:5.7M *2*3 DL: 300M UL: 75M *2*3 Enrichment of content Proliferation of flat-rate services #¡ HSUPA (HSPA): Planned for introduction in June 2009 #¡ LTE: Planned for introduction in FY2010 as one of the first adopters in the world #EFacilitate network evolution to advance services

SLIDE No. 30 RESULTS FOR FY2008 April 2008 to March 2009 30 / 45 Capital Expenditures/Network #ECAPEX for FY2009 is estimated to be ¥690.0 billion #EReinforce customer response and quality improvement to further enhance customer satisfaction 500 750 1,000 FY06 FY07 FY08 FY09 (forecast) #¡ Historical changes in CAPEX (Billions of yen) #FNetwork #¡ Principal actions (network) FOMA area For further quality enhancement No. of visits Improper radio conditions #F Approx. 13,000 visits #F Approx. 11,000 cases Improvement reported in over 80% of total cases* * Inclusive of some planned improvement measures (FY08 track record) 934.4 758.7 737.6 690.0 Further quality improvement based on customer needs #EAchieved 100% HSDPA POP coverage (FY08) HIGH-SPEED areas #EIntroduction of HSUPA (FY09) Capacity build-up to accommodate traffic growth Customer visit within 48 hours Improve efficiency of network-related costs 0

SLIDE No. 31 RESULTS FOR FY2008 April 2008 to March 2009 31 / 45 CSR Activities #EFurther strengthen CSR (Corporate Social Responsibility) activities Mobile Phone Safety Class “DOCOMO Woods” forestation campaign Complete expansion of “DOCOMO Woods” to all prefectures of Japan Plan to hold approx. 6,000 sessions in FY09 Mobile Phone Safety Class* Plan to distribute to all elementary/ junior high schools in Japan (Approx. 33,000 schools) Added menu for the elderly (Planned for completion in FY09) Free DVD Included measures against bank transfer scams DVD (video)* * Include explanations on “Act on Enhanced Environment for Youth’s Safe and Secure Internet Use” Ta Tachikawa ICT Ecology Center Energy -saving technology verification center Established center for verifying latest energy-saving technologies and started commercialization tests Adoption of direct current server equipment Intelligent air conditioning equipment Introduction of partial air conditioning equipment Efficient air stream design technologies

SLIDE No. 32 RESULTS FOR FY2008 April 2008 to March 2009 32 / 45 Actions for Safety and Security #EAim to realize safer and more secure mobile society Filtering Service to restrict access to harmful sites, etc. Default application of “i-mode Filter” (blacklist solution) Introduction of “customizable access restriction” feature Default application of filtering to protect children from harmful sites, etc. Introduction of access customization feature Possible to permit/reject access to sites subject to access restriction based on parent’s decision Ensure “Act on Enhanced Environment for Youth’s Safe and Secure Internet Use” Reinforce disaster response/preparedness Mobile base station vehicles Mobile power supply vehicle Mobile BS vehicle with satellite entrance Deployed 52 units across Japan Deployed 65 units across Japan Plan to deploy total 9 units across Japan (5 units to be added within FY09) Mobile base station vehicle equipped with satellite entrance Step up actions for safe/secure use of mobile phones

SLIDE No. 33 RESULTS FOR FY2008 April 2008 to March 2009 33 / 45 Return to Shareholders Dividend per share 3,000 4,000 5,000 FY05 FY06 FY07 FY08 FY09 (planned) (Yen/Share) Dividend payout ratio: 44% (forecast) * Resolved at Ordinary General Meeting of Shareholders on Jun. 20, 2008 #EReturning profits to shareholders is considered one of the most important issues in our corporate policies #Ë Increase dividend: ¥5,200/share (For fiscal year ending Mar. 31, 2010 (planned)) #qRepurchase of own shares#r #ERepurchased shares worth ¥85.0 billion out of ¥150.0 billion budget authorized by resolution at 17th General Meeting of Shareholders* (As of Apr. 28, 2009) 0

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SLIDE No. 36 RESULTS FOR FY2008 April 2008 to March 2009 36 / 45 Operating Revenues U.S. GAAP 0 1,000 2,000 3,000 4,000 5,000 6,000 Equipment sales revenues 546.6 606.9 664.0 Other revenues 136.8 179.8 269.0 PHS revenues 9.5 — - Cellular services revenues (voice, packet) 4,019.0 3,661.3 3,449.0 2008/3 (Full year) 2009/3 (Full year) 2010/3 (Full year forecast) 4,711.8 (Billions of yen) (Billions of yen) #Ÿ “International services revenues” are included in “Cellular services revenues (voice, packet)”. 4,448.0 -5.6% 4,382.0

SLIDE No. 37 RESULTS FOR FY2008 April 2008 to March 2009 37 / 45 Operating Expenses U.S. GAAP 0 1,000 2,000 3,000 4,000 5,000 Personnel expenses 233.4 254.1 263.0 Taxes and public duties 38.8 38.7 39.0 Depreciation and amortization 776.4 804.2 710.0 Loss on disposal of property, plant and equipment and intangible assets 754.0 69.7 45.0 Communication network charges 345.1 316.7 302.0 Non-personnel expenses 2,434.4 2,133.6 2,193.0 (Incl.) Revenue-linked expenses* 1,679.2 1,333.9 1,326.0 (Incl.) Other non-personnel expenses 755.2 799.7 867.0 2008/3 (Full year) 2009/3 (Full year) 2010/3 (Full year forecast) (Billions of yen) 3,903.5 3,617.0 (Billions of yen) * Revenue-linked expenses: Cost of equipment sold + distributor commissions + cost of docomo point service -7.3% 3,552.0

SLIDE No. 38 RESULTS FOR FY2008 April 2008 to March 2009 38 / 45 Capital Expenditure 0 100 200 300 400 500 600 700 800 900 1,000 Other (information systems, etc.) 134.5 136.3 140.0 PHS business 0.2 — - Mobile phone business (FOMA) 520.4 489.9 454.0 Mobile phone business (mova) 14.6 10.7 5.0 Mobile phone business (Other) 89.0 100.7 90.0 (Billions of yen) 2008/3 (Full year) 2009/3 (Full year) 2010/3 (Full year forecast) 758.7 737.6 (Billions of yen) -2.8% 690.0

SLIDE No. 39 RESULTS FOR FY2008 April 2008 to March 2009 39 / 45 2008/3 (Full-year) (1) 2009/3 (Full-year) (2) Changes (1) #¨(2) 2010/3 (Full-year forecast) Cellular Phone No. of Subscriptions (thousands)*1 53,388 54,601 +2.3% 55,760 mova 9,438 5,560 -41.1% 2,780 FOMA 43,949 49,040 +11.6% 52,980 i-mode 47,993 48,474 +1.0% 48,850 Communication Module Services 1,433 1,527 +6.6% 1,610 Market share (%) 52.0 50.8 -1.2 points - Handsets sold (thousands) (including handsets sold without involving sales by DOCOMO) Total handsets sold 25,739 20,129 -21.8% - mova New 197 59 -69.9% - Replacement 243 39 -83.8% - FOMA New 5,677 4,368 -23.1% - Migration from mova 6,529 3,276 -49.8% - Other 13,093 12,385 -5.4% - Churn rate (%) 0.80 0.50 -0.30 points - ARPU#iFOMA+mova#j(yen)*3 6,360 5,710 -10.2% 5,280 MOU#iFOMA+mova#j(minutes)*3 138 137 -0.7% - *1 Communication Module Service subscriptions are included in the number of cellular phone subscriptions in order to align the calculation method of subscribers with that of other cellular phone carriers. (Market share, the number of handsets sold and churn rate are calculated inclusive of Communication Module Service subscriptions.) *2 Other includes purchases of additional handsets by existing FOMA subscribers. *3 For an explanation of MOU and ARPU, please see Slide 44 of this document, “Definition and Calculation Methods of MOU and ARPU”. Operational Results and Forecasts

SLIDE No. 40 RESULTS FOR FY2008 April 2008 to March 2009 40 / 45 FY2008/4Q Financial Results Highlights U.S. GAAP 2008/1-3 (4Q) (1) 2009/1-3 (4Q) (2) Changes (1) #¨(2) Operating revenues (Billions of yen) 1,189.8 1,069.2 -10.1#“ Cellular services revenues (Billions of yen) 958.5 870.3 -9.2#“ Operating expenses (Billions of yen) 1,006.5 985.0 -2.1#“ Operating income (Billions of yen) 183.3 84.2 -54.1#“ Income before income taxes (Billions of yen) 172.0 71.1 -58.7#“ Net income (Billions of yen) 114.7 34.2 -70.2#“ EBITDA margin#i%#j* 36.3 30.4 -5.9 points Adjusted free cash flow (Billions of yen) * 81.2 -73.9 -191.0#“ #ŸConsolidated financial statements in this document are unaudited. #ŸAdjusted free cash flow excludes the effects of uncollected revenues due to bank holidays at the end of the fiscal year and changes in investment for cash management purposes with original maturities of longer than three months. * For an explanation of the calculation processes for these numbers, please see the reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP on Slide 45 and the IR page of our website, www.nttdocomo.co.jp.

SLIDE No. 41 RESULTS FOR FY2008 April 2008 to March 2009 41 / 45 Market Share of Net Additions #EDOCOMO’s market share of net additions for FY2008 was 25.5% #ŸSource: Telecommunications Carriers Association (TCA) -20 0 20 40 60 80 100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SoftBank (%) FY2007 au FFYY0077 ffuullll—yyeeaarr nneett aaddddss sshhaarree:: 1122..88%% EMOBILE ,Q,U.,W#“ ,c,n,b,n,l,n FY2008 FFYY0088 ffuullll—yyeeaarr nneett aaddddss sshhaarree:: 2255..55%% ,Q,Q.,O#“ ,Q,U.,P#“ ,Q,U.,O#“

SLIDE No. 42 RESULTS FOR FY2008 April 2008 to March 2009 42 / 45 0 20 40 60 80 100 120 140 160 180 200 -25 -20 -15 -10 -5 0 5 10 15 20 25 MOU (left axis) 140 140 139 135 137 138 139 133 Year-on-year changes in MOU (right axis) -3.4 -4.1 -4.8 -2.9 -2.1 -1.4 0 -1.5 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Cellular (FOMA+mova) MOU #EMOU for FY2008 was 137 minutes (Down 0.7% year-on-year) (Minutes) (%) #ŸFor an explanation on MOU, please see slide 44 of this presentation, “Definition and Calculation Methods of MOU and ARPU”. FY07 full-year MOU: 138 minutes (Down 4.2% year-on-year) FY07 full-year MOU: 138 minutes Down 4.2% year-on-year) FY08 full-year MOU: 137 minutes (Down 0.7% year-on-year) FY08 full-year MOU: 137 minutes Down 0.7% year-on-year) FY2007 FY2008

SLIDE No. 43 RESULTS FOR FY2008 April 2008 to March 2009 43 / 45 Earth environment conservation activities CSR (Corporate Social Responsibility) Activities i-mode Disaster Message Board #E“DOCOMO Mobile Phone Safety Classes” (4,600 sessions during FY08) Free distribution of DVD materials: Planned to be distributed to all elementary/ junior high schools in Japan in FY09. Added programs for elderly users, including preventive measures against bank transfer scams, etc. #EReinforced activities to facilitate uptake of access restriction (filtering) services Launched new features, e.g., “Access Restriction Customization” “Web Access Restriction”. Automatic application of i-mode filter to customers below 18 years of age, after confirming user’s consent to applying access filter. For a safer and more secure society #E“i-mode Disaster Message Board” service #EFree-of-charge cellular phone rental/battery charging service at emergency shelters #EDeployment of mobile base station vehicles and power generators (All above were provided following Iwate-Miyagi Nairiku Earthquake) #EFunctional enhancement and promotion of “Area Mail “emergency alert service Disaster response #EExpanded barrier-free accessibility and increased installations of sign languageenabled videoconferencing equipment at docomo Shops #ENationwide cumulative sales of “Raku Raku” series handsets: 15 million #E“DOCOMO Mobile Phone Usage Lectures” for the elderly and handicapped #E“Iki-iki Senior Mobile Phone Usage Seminars” (52 sessions during FY08) Promotion of Universal design Mobile Phone Safety Classes Solar power generation Raku Raku PHONE V #EContributed to reducing environmental burden through use of ICT services #EIntroduced solar power systems and other natural energies (“Green NTT” initiatives) #ECollection and recycling of used mobile phones (Collected cumulative 69 million units as of Mar. 31, 2009) #EExpanded DOCOMO Woods forestation campaign (Cumulative 43 locations as of Mar. 31, 2009) #EImplemented measures for reducing greenhouse gas emissions through the use of high-efficiency rectifier and other network equipment

SLIDE No. 44 RESULTS FOR FY2008 April 2008 to March 2009 44 / 45 Definition and Calculation Methods of MOU and ARPU #Ÿ MOU (Minutes of usage): Average communication time per one month per one user. #Ÿ ARPU (Average monthly Revenue Per Unit): Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per subscription basis. ARPU is calculated by dividing various revenue items included in our wireless services revenues, such as monthly charges, voice transmission charges and packet transmission charges, from designated services which are incurred consistently each month, by the number of active subscriptions to the relevant services. Accordingly, the calculation of ARPU excludes revenues that are not representative of monthly average usage such as activation fees. We believe that our ARPU figures provide useful information to analyze the average usage per subscription and the impacts of changes in our billing arrangements. The revenue items included in the numerators of our ARPU figures are based on our U.S. GAAP results of operations. #Ÿ Aggregate ARPU (FOMA+mova): Voice ARPU (FOMA+mova) + Packet ARPU (FOMA+mova) ## Voice ARPU (FOMA+mova): Voice ARPU (FOMA+mova) Related Revenues (monthly charges, voice transmission charges) / No. of active cellular phone subscriptions (FOMA+mova) ## Packet ARPU (FOMA+mova): {Packet ARPU (FOMA) Related Revenues (monthly charges, packet transmission charges) + i-mode ARPU (mova) Related Revenues (monthly charges, packet transmission charges)} / No. of active cellular phone subscriptions (FOMA+mova) ## i-mode ARPU (FOMA+mova): i-mode ARPU (FOMA+mova) Related Revenues (monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA+mova) #Ÿ Aggregate ARPU (FOMA): Voice ARPU (FOMA) + Packet ARPU (FOMA) ## Voice ARPU (FOMA): Voice ARPU (FOMA) Related Revenues (monthly charges, voice transmission charges) / No. of active cellular phone subscriptions (FOMA) ## Packet ARPU (FOMA): Packet ARPU (FOMA) Related Revenues (monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA) ## i-mode ARPU (FOMA): i-mode ARPU (FOMA) Related Revenues (monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA) #Ÿ Aggregate ARPU (mova): Voice ARPU (mova) + i-mode ARPU (mova) ## Voice ARPU (mova): Voice ARPU (mova) Related Revenues (monthly charges, voice transmission charges) / No. of active cellular phone subscriptions (mova) ## i-mode ARPU (mova): i-mode ARPU (mova) Related Revenues (monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (mova) #Ÿ Number of active subscriptions used in ARPU and MOU calculations are as follows: ## Quarterly data: sum of “No. of active subscriptions in each month"* of the current quarter ## Half-year data: sum of “No. of active subscriptions in each month"* of the current half ## Full-year data: sum of “No. of active subscriptions in each month"* of the current fiscal year * “No. of active subscriptions in each month”: (No. of subs at end of previous month + No. of subs at end of current month)/2 #ŸThe revenues and no. of subscriptions of Communication Module Service are not included in the above calculation of ARPU and MOU.

SLIDE No. 45 RESULTS FOR FY2008 April 2008 to March 2009 45 / 45 Reconciliation of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures The reconciliations for the year ending March 31, 2010 (forecasts) are provided to the extent available without unreasonable efforts. 1. EBITDA and EBITDA margin Billions of yen Year ended March 31, 2008 Year ended March 31, 2009 Year ending March 31, 2010 (Forecasts) a. EBITDA ¥1,639.1 ¥1,678.4 ¥1,569.0 (776.4) (804.2) (710.0) (54.4) (43.3) (29.0) 808.3 831.0 830.0 (7.6) (50.5) 2.0 (323.0) (308.4) (336.0) 13.6 (0.7) (1.0) (0.1) 0.5 (2.0) 491.2 471.9 493.0 4,711.8 4,448.0 4,382.0 34.8% 37.7% 35.8% 10.4% 10.6% 11.3% Note: 2. Free cash flows excluding irregular factors and changes in investments for cash management purposes Billions of yen Year ended March 31, 2008 Year ended March 31, 2009 Year ending March 31, 2010 (Forecasts) ¥442.4 ¥93.4 ¥380.0 210.0 0.0 0.0 148.9 49.3 0.0 801.3 142.7 380.0 (758.8) (1,031.0) (717.0) 1,560.1 1,173.7 1,097.0 (2)Changes in investments for cash management purpose were derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purpose with original maturities of longer than three months. Net cash used in investing activities for the year ended March 31, 2008 and 2009 includes changes in investments for cash management purpose. However, the effect of changes in investments for cash management purpose is not taken into account when we forecasted net cash used in investing activities for the year ending March 31, 2010 due to the difficulties in forecasting such effect. Free cash flows excluding irregular factors and changes in investments for cash management purposes (1) Irregular factors represent the effects of uncollected revenues due to a bank closure at the end of the fiscal year. EBITDA and EBITDA margin, as we use them, are different from EBITDA as used in Item 10(e) of regulation S-K and may not be comparable to similarly titled measures used by other companies. b. Net income c. Total operating revenues EBITDA margin (=a/c) Net income margin (=b/c) Other income (expense) Income taxes Equity in net income of affiliates Minority interests Depreciation and amortization Loss on sale or disposal of property, plant and equipment Operating income Irregular factors (1) Changes in investments for cash management purposes (2) Free cash flows Net cash used in investing activities Net cash provided by operating activities Notes:

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