Edgar Filing: NTT DOCOMO INC

Filed by Bowne Pure Compliance

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 October, 2008.

Commission File Number: 001-31221

Total number of pages: 50

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 for the six months ended September 30, 2008.

2. Materials presented in conjunction with the earnings release dated October 31, 2008 announcing the company’s results for the six months ended September 30, 2008.

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: October 31, 2008	By:	/s/ OSAMU HIROKADO
		Osamu Hirokado
		Head of Investor Relations



Financial Statements		October 31, 2008
For the Six Months Ended September 30, 2008		[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 filing of quarterly report:		November 6, 2008
Scheduled date for dividend payment:		November 21, 2008

1.	Consolidated Financial Results for the Six Months Ended September 30, 2008 (April 1, 2008 — September 30, 2008)

(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
Six months ended September 30, 2008		2,267,784	—			576,946	—			560,156	—			346,659	—
Six months ended September 30, 2007		2,325,117	(2.4	)%		408,496	(21.0	)%		410,850	(21.0	)%		246,510	(20.4	)%


	Basic Earnings	Diluted Earnings
	per Share	per Share
Six months ended September 30, 2008	8,174.69 (yen)		—
Six months ended September 30, 2007	5,692.33 (yen)		—

(Percentages above represent changes compared to the corresponding previous quarterly period)

(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
September 30, 2008		6,173,791		4,445,863		72.0	%	105,091.00 (yen)
March 31, 2008		6,210,834		4,276,496		68.9	%	100,321.46 (yen)

2.	Dividends


	Cash dividends per share (yen)
	End of the first		End of the second		End of the third
Date of record	quarter		quarter		quarter		Year-end		Total
Year ended March 31, 2008		—		2,400.00		—		2,400.00		4,800.00
Year ending March 31, 2009		—		2,400.00		—		—		—
Year ending March 31, 2009 (Forecasts)		—		—		—		2,400.00		4,800.00

Change in forecasts of dividends during the three months ended September 30, 2008: None

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


									Income before				(Millions of yen, except per share amount)
	Operating Revenues				Operating Income				Income Taxes				Net Income				Earnings per Share
Year ending March 31, 2009		4,597,000	(2.4	)%		830,000	2.7	%		814,000	1.7	%		495,000	0.8	%		11,700.78 (yen)

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

Change in earnings forecasts for the fiscal year ending March 31, 2009 during the three months ended September 30, 2008: Yes


4. Others

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

(2)	Application of accounting which is simplified or exceptional for quarterly consolidated financial statements	None

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

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

	(ii) Others:	None

	(See more information on page 9.)


(4)	Number of issued shares (common stock)

	(i) Number of issued shares (inclusive of treasury stock):	As of September 30, 2008:	44,870,000 shares
		As of March 31, 2008:	44,870,000 shares

	(ii) Number of treasury stock:	As of September 30, 2008:	2,565,110 shares
		As of March 31, 2008:	2,242,073 shares

	(iii) Number of weighted average common shares outstanding:	For the six months ended September 30, 2008:	42,406,379 shares
		For the six months ended September 30, 2007:	43,305,664 shares

•

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, 2009, please refer to page 8 and 20.

Consolidated financial statements in this earnings release are unaudited.

Earnings Release for the Six Months Ended September 30, 2008

<< 1. Operating Results >>

1. Business Overview

Competition among network operators in the mobile communications market in Japan, which already entered a mature phase given the high penetration rate, has been fueled by recent price competition and market entry by new competitors such as MVNO*.

In such market environment, we decided to offer new optional packet billing plans called “Pake-hodai double” and “Biz-hodai double”, both of which enable users to utilize data communications with the two-phase flat-rate charges, so that users can enjoy content services more comfortably without worrying about usage fee. We also released new handsets such as “FOMA 706i” series and “Raku-Raku PHONE V”. 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.

On July 1, 2008, we reorganized our group structure by integrating eight regional subsidiaries, consolidating the group’s nationwide business operations under a single entity for the purpose of enhancing the speed and effectiveness of our operations. We have also strived to improve our business from our customers’ point of view with the keywords, “Change and Challenge”.

As a result, for the three months ended September 30, 2008, operating revenues were ¥1,097.5 billion, operating income was ¥280.5 billion, income before income taxes was ¥271.7 billion and net income was ¥173.1 billion. For the six months ended September 30, 2008, operating revenues were ¥2,267.8 billion, operating income was ¥576.9 billion, income before income taxes was ¥560.2 billion and net income was ¥346.7 billion.


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

Consolidated results of operations for the three months and six months ended September 30, 2008 were as follows:

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Operating revenues

1,097.5

2,267.8

2,325.1

Operating expenses

817.1

1,690.8

1,916.6

Operating income

280.5

576.9

408.5

Other income (expense)

(8.7

)

(16.8

)

2.4

Income before income taxes

271.7

560.2

410.9

Income taxes

101.4

219.4

165.1

Equity in net income of affiliates, net of applicable taxes

2.8

5.9

0.9

Minority interests

0.0

(0.0

)

(0.1

)

Net income

173.1

346.7

246.5

EBITDA margin*

42.7

41.4

33.8

ROCE*

5.7

11.9

8.6

ROCE after tax effect*

3.4

7.0

5.1


*		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 the reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP on page 19.

Notes:

1.		Consolidated financial statements as of and for the three months and six months ended September 30, 2008 in this release are unaudited.

2.		Amounts in this release are rounded off.



DOCOMO Earnings Release		Six Months Ended September 30, 2008

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Wireless services

971.1

1,948.5

2,130.3

Cellular services revenues

935.5

1,871.9

2,066.5

- Voice revenues

555.1

1,125.4

1,392.0

Including: FOMA services

482.2

968.9

1,057.9

- Packet communications revenues

380.4

746.5

674.5

Including: FOMA services

363.2

710.9

602.8

PHS services

—

7.0

Other revenues

35.6

76.7

56.8

Equipment sales

126.5

319.2

194.8

Total operating revenues

1,097.5

2,267.8

2,325.1


Note:		Voice revenues include data communications revenues through circuit switching systems.

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Personnel expenses

63.4

126.7

123.4

Non-personnel expenses

467.3

1,011.3

1,207.8

Depreciation and amortization

179.9

348.4

364.3

Loss on disposal of property, plant and equipment and intangible assets

12.7

18.7

25.0

Communication network charges

83.5

165.8

176.2

Taxes and public dues

10.3

20.0

19.8

Total operating expenses

817.1

1,690.8

1,916.6

2. Segment information

(1) Mobile phone business

As of September 30, 2008, the number of cellular services subscriptions was 53.94 million (an increase of 0.31 million compared to the number as of June 30, 2008), 86.1% of which was represented by FOMA services subscriptions of 46.44 million. The aggregate number of subscriptions to the new discount programs introduced in August 2007 such as “Fami-wari MAX50” reached approximately 28.5 million while the number of subscriptions to the “Value Plan” reached approximately 13.0 million as of September 30, 2008, respectively. As a result, aggregate ARPU of cellular (FOMA+mova) services decreased to ¥5,860 for the three months ended September 30, 2008 (down 10.5% compared to the same period of the prior year).

The number of handsets sold decreased to 5.32 million units for the three months ended September 30, 2008 (a decrease of 1.24 million units compared to the same period of the prior year). “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.

Our cellular churn rate for the three months ended September 30, 2008 improved significantly to 0.52% compared to 0.94% during the same period of the prior year, reflecting the effect of these new discount programs and new handset sales methods.

For the three months ended September 30, 2008, operating revenues and operating income from mobile phone business were ¥1,081.7 billion and ¥286.6 billion, respectively.

For the six months ended September 30, 2008, operating revenues and operating income from mobile phone business were ¥2,236.5 billion and ¥587.6 billion, respectively.



DOCOMO Earnings Release		Six Months Ended September 30, 2008

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


	Thousand subscriptions
	September 30, 2008		June 30, 2008
Cellular services		53,937		53,629
Cellular (FOMA) services		46,444		45,200
Including: i-channel services		16,044		15,823
Including: flat-rate services for unlimited i-mode usage		13,949		13,395
Cellular (mova) services		7,493		8,429
i-mode services		48,069		48,061


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

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.

Thousand units

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Cellular services

5,318

10,265

12,798

Cellular (FOMA) services

New FOMA subscription

1,118

2,157

3,032

Change of subscription from mova to FOMA

796

1,632

3,554

FOMA handset upgrade by FOMA subscribers

3,370

6,402

5,914

Cellular (mova) services

New mova subscription

131

mova handset upgrade by mova subscribers and change of subscription from FOMA to mova

167

Churn Rate

0.52

0.51

0.90

Yen/Minutes

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Aggregate ARPU* (FOMA+mova)

5,860

5,870

6,550

Voice ARPU

3,450

3,510

4,390

Packet ARPU

2,410

2,360

2,160

Aggregate ARPU (FOMA)

6,180

6,220

7,320

Voice ARPU

3,500

3,560

4,640

Packet ARPU

2,680

2,660

2,680

Aggregate ARPU (mova)

3,820

3,860

4,530

Voice ARPU

3,120

3,170

3,740

i-mode ARPU

700

690

790

MOU* (FOMA+mova) (minutes)

138

140


*		See “Definition and Calculation Methods of ARPU and MOU” on page 18 for details of definitions and calculation methods of ARPU and MOU.

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Operating revenues from mobile phone business

1,081.7

2,236.5

2,296.0

Operating income from mobile phone business

286.6

587.6

433.9



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(2) Miscellaneous businesses

Operating revenues from miscellaneous businesses for the three months ended September 30, 2008 were ¥15.8 billion, which represented 1.4% 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 ¥21.9 billion and ¥6.1 billion, respectively.

Operating revenues, operating expenses and operating loss from miscellaneous businesses for the six months ended September 30, 2008 were ¥31.3 billion, ¥41.9 billion and ¥10.6 billion, respectively.

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Operating revenues from miscellaneous businesses

15.8

31.3

29.1

Operating loss from miscellaneous businesses

(6.1

)

(10.6

)

(25.4

)


Note:		For the six months ended September 30, 2007, “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 expenditure more efficient and less costly by saving on equipment purchase costs and improving our design and construction process. Total capital expenditures for the three months and six months ended September 30, 2008 were ¥172.7 billion and ¥336.5 billion, respectively.

Billions of yen

(Reference)

(UNAUDITED)

(UNAUDITED)

Three months ended

Six months ended

Six months ended

September 30, 2008

September 30, 2007

Mobile phone business

143.0

281.6

256.9

PHS business

—

0.1

Other (including information systems)

29.7

54.9

58.8

Total capital expenditures

172.7

336.5

315.8



DOCOMO Earnings Release		Six Months Ended September 30, 2008

<< 2. Financial Position >>

(1) Financial position


	Billions of yen
	(UNAUDITED)
	September 30, 2008			March 31, 2008
Total assets	¥	6,173.8		¥	6,210.8
Shareholders’ equity		4,445.9			4,276.5
Liabilities		1,726.3			1,933.1
Interest bearing liabilities		526.4			478.5

Equity ratio (1)		72.0	%		68.9	%
Debt ratio (2)		10.6	%		10.1	%


Notes:

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

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

(2) Cash flow conditions

For the six months ended September 30, 2008, net cash provided by operating activities was ¥408.4 billion, reflecting net payment for income taxes of ¥248.5 billion and an increase in installment receivables for handsets and accounts receivable.

Net cash used in investing activities was ¥423.8 billion. Our expenditures for purchases of property, plant and equipment of ¥302.1 billion, purchases of intangible and other assets of ¥115.2 billion and purchases of non-current investments of ¥46.9 billion which include the acquisitions of equity stake in total were partially offset by proceeds from the redemption of long-term bailment for consumption to a related party of ¥50.0 billion.

Net cash used in financing activities was ¥105.6 billion. We spent ¥51.8 billion for acquisition of treasury stock, ¥28.2 billion for repayment for outstanding long-term debt and ¥102.3 billion for payment for cash dividends while financing ¥79.9 billion through issuance of corporate bonds.

The balance of cash and cash equivalents was ¥523.8 billion as of September 30, 2008.


	Billions of yen
				(Reference)
	(UNAUDITED)			(UNAUDITED)
	Six months ended			Six months ended
	September 30, 2008			September 30, 2007
Net cash provided by operating activities	¥	408.4		¥	628.4
Net cash used in investing activities		(423.8	)		(365.2	)
Net cash used in financing activities		(105.6	)		(290.0	)
Free cash flows (1)		(15.4	)		263.2
Free cash flows excluding the effects of irregular factors (2) and changes in investments for cash management purposes (3) *		(64.6	)		168.9


Notes:

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

(2)		Irregular factors = Effects of uncollected revenues due to bank closures at the end of the fiscal period

(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 3 months

*		See the reconciliations to the most directly compatible financial measures calculated and presented in accordance with GAAP on page 19.



DOCOMO Earnings Release		Six Months Ended September 30, 2008

<<3. Prospects for the Fiscal Year Ending March 31, 2009 >>

Competition among network operators in the mobile communications market in Japan has become increasingly fierce due to price competition, market entry by new competitors such as MVNO and other factors.

Under these market conditions, we have decided to revise our group’s full-year guidance for the fiscal year ending March 31, 2009 as described in the table below.

The operating revenues forecast has been revised downwards by ¥171.0 billion from the initial guidance to ¥4,597.0 billion, mainly due to a decrease in equipment sales, while offset by the increase in operating revenues reflecting a revision of ARPU.

On the other hand, we projected the decrease in operating expenses mainly due to the decrease in cost of equipment sold, as the number of handsets we expect to be sold has also been revised. Accordingly, our forecast of operating income remains unchanged from the original forecast of ¥830.0 billion.

Against this backdrop, we will strive even harder to reinforce our core business, and at the same time, work to create new revenue sources by offering customized services for each customer and collaborating with partner companies in various fields, as part of our endeavors to cultivate new businesses.


	Billions of yen
	Year ending			Year ending								Year ended
	March 31, 2009			March 31, 2009			Increase					March 31, 2008
	(Original Forecasts)			(Revised Forecasts)			(Decrease)					(Actual Results)
Operating revenues	¥	4,768.0		¥	4,597.0		¥	(171.0	)	(3.6	)%	¥	4,711.8
Operating income		830.0			830.0			—		—			808.3
Income before income taxes		835.0			814.0			(21.0	)	(2.5	)%		800.7
Net income		503.0			495.0			(8.0	)	(1.6	)%		491.2
Capital expenditures		719.0			719.0			—		—			758.7
Free cash flows excluding irregular factors and changes in investments for cash management purposes *		80.0			130.0			50.0		62.5	%		442.4
EBITDA *		1,626.0			1,655.0			29.0		1.8	%		1,639.1
EBITDA margin *		34.1	%		36.0	%		1.9	point	—			34.8	%
ROCE *		17.1	%		17.0	%		(0.1	)point	—			17.0	%
ROCE after tax effect *		10.1	%		10.1	%		—		—			10.0	%


*		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 factors 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 19.

The financial forecasts for the fiscal year ending March 31, 2009 are based on the forecasts of the following operation data:


	Ten thousand subscriptions/Yen
	March 31, 2009		March 31, 2009		Increase					March 31, 2008
	(Original Forecasts)		(Revised Forecasts)		(Decrease)					(Actual Results)
Cellular services		5,447		5,447		—		—			5,339
Cellular (FOMA) services		4,952		4,919		(33	)	(0.7	)%		4,395
Cellular (mova) services		495		528		33		6.7	%		944
i-mode services		4,865		4,837		(28	)	(0.6	)%		4,799
Aggregate ARPU (FOMA + mova)	¥	5,640	¥	5,710	¥	70		1.2	%	¥	6,360
Voice ARPU		3,280		3,360		80		2.4	%		4,160
Packet ARPU		2,360		2,350		(10	)	(0.4	)%		2,200


Note:

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

2.		See page 18 for the details of ARPU calculation methods.



DOCOMO Earnings Release		Six Months Ended September 30, 2008

<<4. Other >>

(1)		Changes in significant subsidiaries for the six months ended September 30, 2008 (which resulted in changes in scope of consolidation): None

(2)		Application of accounting which is simplified or exceptional for quarterly consolidated financial statements: None

(3)		Changes in significant accounting policies, procedures and presentation in quarterly consolidated financial statements:

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.



DOCOMO Earnings Release		Six Months Ended September 30, 2008

<< 5. Consolidated Financial Statements >>

(1) Consolidated Balance Sheets


	Millions of yen
	(UNAUDITED)
	September 30, 2008			March 31, 2008
ASSETS
Current assets:
Cash and cash equivalents	¥	523,834		¥	646,905
Short-term investments		2,986			52,208
Accounts receivable		725,157			686,673
Allowance for doubtful accounts		(13,672	)		(15,037	)
Inventories		185,495			146,584
Deferred tax assets		90,741			108,037
Prepaid expenses and other current assets		172,233			142,410

Total current assets		1,686,774			1,767,780

Property, plant and equipment:
Wireless telecommunications equipment		5,433,644			5,346,486
Buildings and structures		803,755			797,904
Tools, furniture and fixtures		538,139			536,718
Land		199,067			198,958
Construction in progress		125,604			128,042
Accumulated depreciation and amortization		(4,282,160	)		(4,173,501	)

Total property, plant and equipment, net		2,818,049			2,834,607

Non-current investments and other assets:
Investments in affiliates		371,134			349,488
Marketable securities and other investments		160,380			187,361
Intangible assets, net		545,886			555,259
Goodwill		157,821			158,889
Other assets		269,331			234,047
Deferred tax assets		164,416			123,403

Total non-current investments and other assets		1,668,968			1,608,447

Total assets	¥	6,173,791		¥	6,210,834


LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	¥	64,200		¥	75,662
Short-term borrowings		—			1,712
Accounts payable, trade		457,873			717,453
Accrued payroll		51,988			53,538
Accrued interest		1,099			710
Accrued income taxes		194,944			203,645
Other current liabilities		160,831			181,595

Total current liabilities		930,935			1,234,315

Long-term liabilities:
Long-term debt (exclusive of current portion)		462,182			401,090
Liability for employees’ retirement benefits		121,510			116,888
Other long-term liabilities		211,701			180,757

Total long-term liabilities		795,393			698,735

Total liabilities		1,726,328			1,933,050

Minority interests		1,600			1,288

Shareholders’ equity:
Common stock		949,680			949,680
Additional paid-in capital		948,571			948,571
Retained earnings		3,038,166			2,793,814
Accumulated other comprehensive income (loss)		(22,727	)		410
Treasury stock, at cost		(467,827	)		(415,979	)

Total shareholders’ equity		4,445,863			4,276,496

Total liabilities, minority interests and shareholders’ equity	¥	6,173,791		¥	6,210,834



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(2) Consolidated Statement of Income and Comprehensive Income


	Millions of yen
	(UNAUDITED)
	Six months ended
	September 30, 2008
Operating revenues:
Wireless services	¥	1,948,540
Equipment sales		319,244
Total operating revenues		2,267,784

Operating expenses:
Cost of services (exclusive of items shown separately below)		413,731
Cost of equipment sold (exclusive of items shown separately below)		408,027
Depreciation and amortization		348,387
Selling, general and administrative		520,693
Total operating expenses		1,690,838

Operating income		576,946

Other income (expense):
Interest expense		(2,398	)
Interest income		1,045
Other, net		(15,437	)
Total other income (expense)		(16,790	)

Income before income taxes		560,156

Income taxes:
Current		233,831
Deferred		(14,434	)
Total income taxes		219,397
Equity in net income of affiliates, net of applicable taxes		5,921
Minority interests		(21	)

Net income	¥	346,659


Other comprehensive income (loss):
Unrealized holding losses on available-for-sale securities, net of applicable taxes		(5,946	)
Net revaluation of financial instruments, net of applicable taxes		(159	)
Foreign currency translation adjustment, net of applicable taxes		(16,670	)
Pension liability adjustment, net of applicable taxes		(362	)

Comprehensive income	¥	323,522


PER SHARE DATA
Weighted average common shares outstanding — Basic and Diluted (shares)		42,406,379

Basic and diluted earnings per share (yen)	¥	8,174.69



DOCOMO Earnings Release		Six Months Ended September 30, 2008


	Millions of yen
	(UNAUDITED)
	Three months ended
	September 30, 2008
Operating revenues:
Wireless services	¥	971,077
Equipment sales		126,461
Total operating revenues		1,097,538

Operating expenses:
Cost of services (exclusive of items shown separately below)		210,117
Cost of equipment sold (exclusive of items shown separately below)		165,979
Depreciation and amortization		179,907
Selling, general and administrative		261,078
Total operating expenses		817,081

Operating income		280,457

Other income (expense):
Interest expense		(1,258	)
Interest income		479
Other, net		(7,941	)
Total other income (expense)		(8,720	)

Income before income taxes		271,737

Income taxes:
Current		131,300
Deferred		(29,902	)
Total income taxes		101,398
Equity in net income of affiliates, net of applicable taxes		2,797
Minority interests		13

Net income	¥	173,149


Other comprehensive income (loss):
Unrealized holding losses on available-for-sale securities, net of applicable taxes		(4,996	)
Net revaluation of financial instruments, net of applicable taxes		(141	)
Foreign currency translation adjustment, net of applicable taxes		1,852
Pension liability adjustment, net of applicable taxes		(112	)

Comprehensive income	¥	169,752


PER SHARE DATA
Weighted average common shares outstanding — Basic and Diluted (shares)		42,309,587

Basic and diluted earnings per share (yen)	¥	4,092.43



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(3) Consolidated Statement of Cash Flows


	Millions of yen
	(UNAUDITED)
	Six months ended
	September 30, 2008
Cash flows from operating activities:
Net income	¥	346,659
Adjustments to reconcile net income to net cash provided by operating activities—
Depreciation and amortization		348,387
Deferred taxes		(10,898	)
Loss on sale or disposal of property, plant and equipment		12,846
Other than temporary impairment of marketable securities and other investments		19,855
Equity in net income of affiliates		(9,940	)
Minority interests		21
Changes in assets and liabilities:
(Increase) in accounts receivable		(38,453	)
(Decrease) in allowance for doubtful accounts		(1,369	)
(Increase) in inventories		(38,833	)
(Increase) in prepaid expenses and other current assets		(19,259	)
(Increase) in installment receivables for handsets (non-current)		(40,010	)
(Decrease) in accounts payable, trade		(184,322	)
(Decrease) in accrued income taxes		(8,701	)
(Decrease) in other current liabilities		(21,153	)
Increase in liability for employees’ retirement benefits		4,622
Increase in other long-term liabilities		32,445
Other, net		16,474

Net cash provided by operating activities		408,371

Cash flows from investing activities:
Purchases of property, plant and equipment		(302,124	)
Purchases of intangible and other assets		(115,158	)
Purchases of non-current investments		(46,913	)
Proceeds from sale of non-current investments		550
Purchases of short-term investments		(3,334	)
Redemption of short-term investments		2,494
Proceeds from redemption of long-term bailment for consumption to a related party		50,000
Other, net		(9,287	)

Net cash used in investing activities		(423,772	)

Cash flows from financing activities:
Proceeds from long-term debt		79,944
Repayment of long-term debt		(28,241	)
Proceeds from short-term borrowings		200
Repayment of short-term borrowings		(1,958	)
Principal payments under capital lease obligations		(1,385	)
Payments to acquire treasury stock		(51,848	)
Dividends paid		(102,307	)
Other, net		(4	)

Net cash used in financing activities		(105,599	)

Effect of exchange rate changes on cash and cash equivalents		(2,071	)

Net (decrease) in cash and cash equivalents		(123,071	)
Cash and cash equivalents at beginning of period		646,905

Cash and cash equivalents at end of period	¥	523,834

Supplemental disclosures of cash flow information:
Cash received during the period for:
Income taxes	¥	17,786
Cash paid during the period for:
Interest, net of amount capitalized		2,008
Income taxes		266,295



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(4) Going Concern Assumption

None

(5) Segment Reporting

Segment information for the three months and six months ended September 30, 2008 was as follows:

Three months ended

Millions of yen

September 30, 2008

Mobile phone business

Miscellaneous businesses

Consolidated

Operating revenues

1,081,720

15,818

1,097,538

Operating expenses

795,162

21,919

817,081

Operating income (loss)

286,558

(6,101

)

280,457

Six months ended

Millions of yen

September 30, 2008

Mobile phone business

Miscellaneous businesses

Consolidated

Operating revenues

2,236,491

31,293

2,267,784

Operating expenses

1,648,917

41,921

1,690,838

Operating income (loss)

587,574

(10,628

)

576,946

PHS services were terminated on January 7, 2008.

DOCOMO does not disclose geographical segments since the amounts of operating revenues generated outside Japan are immaterial.

(6) Significant Changes in Shareholders’ Equity

None



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(Reference)

1. Consolidated Statement of Income and Comprehensive Income


	Millions of yen
	(UNAUDITED)
	Six months ended
	September 30, 2007
Operating revenues:
Wireless services	¥	2,130,305
Equipment sales		194,812
Total operating revenues		2,325,117

Operating expenses:
Cost of services (exclusive of items shown separately below)		382,307
Cost of equipment sold (exclusive of items shown separately below)		569,455
Depreciation and amortization		364,338
Selling, general and administrative		600,521
Total operating expenses		1,916,621

Operating income		408,496

Other income (expense):
Interest expense		(3,068	)
Interest income		986
Other, net		4,436
Total other income (expense)		2,354

Income before income taxes		410,850

Income taxes		165,145
Equity in net income of affiliates, net of applicable taxes		874
Minority interests		(69	)

Net income	¥	246,510


Other comprehensive income (loss):
Unrealized holding gains on available-for-sale securities, net of applicable taxes		3,089
Net revaluation of financial instruments, net of applicable taxes		17
Foreign currency translation adjustment, net of applicable taxes		2,310
Pension liability adjustment, net of applicable taxes		(366	)

Comprehensive income	¥	251,560


PER SHARE DATA
Weighted average common shares outstanding — Basic and Diluted (shares)		43,305,664

Basic and diluted earnings per share (yen)	¥	5,692.33



DOCOMO Earnings Release		Six Months Ended September 30, 2008

(Reference)

2. Consolidated Statement of Cash Flows


	Millions of yen
	(UNAUDITED)
	Six months ended
	September 30, 2007
I Cash flows from operating activities:
1. Net income	¥	246,510
2. Adjustments to reconcile net income to net cash provided by operating activities—
(1) Depreciation and amortization		364,338
(2) Deferred taxes		(6,976	)
(3) Loss on sale or disposal of property, plant and equipment		13,769
(4) Equity in net income of affiliates		(1,317	)
(5) Minority interests		69
(6) Changes in assets and liabilities:
Decrease in accounts receivable		80,315
Increase in allowance for doubtful accounts		546
(Increase) in inventories		(12,365	)
Decrease in prepaid expenses and other current assets		12,421
(Decrease) in accounts payable, trade		(169,702	)
Increase in accrued income taxes		75,376
(Decrease) in other current liabilities		(3,368	)
Increase in liability for employees’ retirement benefits		3,940
Increase in other long-term liabilities		15,482
Other, net		9,398

Net cash provided by operating activities		628,436

II Cash flows from investing activities:
1. Purchases of property, plant and equipment		(271,513	)
2. Purchases of intangible and other assets		(120,677	)
3. Purchases of non-current investments		(70,280	)
4. Proceeds from sale and redemption of non-current investments		50,454
5. Purchases of short-term investments		(4,065	)
6. Redemption of short-term investments		1,360
7. Proceeds from redemption of long-term bailment for consumption to a related party		50,000
8. Other, net		(499	)

Net cash used in investing activities		(365,220	)

III Cash flows from financing activities:
1. Repayment of long-term debt		(98,200	)
2. Proceeds from short-term borrowings		4,669
3. Repayment of short-term borrowings		(4,667	)
4. Principal payments under capital lease obligations		(1,607	)
5. Payments to acquire treasury stock		(102,997	)
6. Dividends paid		(87,187	)
7. Other, net		(2	)

Net cash used in financing activities		(289,991	)

IV Effect of exchange rate changes on cash and cash equivalents		1,220

V Net (decrease) in cash and cash equivalents		(25,555	)
VI Cash and cash equivalents at beginning of period		343,062

VII Cash and cash equivalents at end of period	¥	317,507

Supplemental disclosures of cash flow information:
Cash received during the period for:
Income taxes	¥	20,344
Cash paid during the period for:
Interest, net of amount capitalized		2,965
Income taxes		97,335
Non-cash investing and financing activities:
Assets acquired through capital lease obligations		1,566

(APPENDIX 1)

Operation Data for 2nd Quarter of Fiscal Year Ending March 31, 2009

Fiscal Year

Fiscal Year

Fiscal Year

[Ref.]

[Ref.]

Ending Mar. 2009

Ending Mar. 2009

Ending Mar. 2009

Fiscal Year

Fiscal Year

Six Months

First Quarter

Second Quarter

Ending Mar. 31, 2009

Ended Mar. 31, 2008

(Apr.-Sep. 2008)

(Apr.-Jun. 2008)

(Jul.-Sep. 2008)

Full-year Forecast

Full-year Results

Results

Results

Results

(Revised)

Cellular

Subscriptions

thousands

53,388

53,937

53,629

53,937

54,470

FOMA (1)

thousands

43,949

46,444

45,200

46,444

49,190

mova

thousands

9,438

7,493

8,429

7,493

5,280

Market share (2)(3)

52.0

51.5

51.7

51.5

—

Net increase from previous period

thousands

767

549

241

308

1,080

FOMA (1) (3)

thousands

8,420

2,495

1,251

1,244

5,240

mova (3)

thousands

(7,653

)

(1,946

)

(1,010

)

(936

)

(4,160

)

Churn Rate (3)

0.80

0.51

0.51

0.52

—

Number of handsets (FOMA+mova) sold (4)

thousands

25,739

10,265

4,946

5,318

—

Aggregate ARPU (FOMA+mova) (5)

yen/month/contract

6,360

5,870

5,890

5,860

5,710

Voice ARPU (6)

yen/month/contract

4,160

3,510

3,560

3,450

3,360

Packet ARPU

yen/month/contract

2,200

2,360

2,330

2,410

2,350

i-mode ARPU

yen/month/contract

2,170

2,330

2,290

2,360

2,310

ARPU generated from international services (7)

yen/month/contract

ARPU generated purely from i-mode (FOMA+mova) (5)

yen/month/contract

2,350

2,530

2,480

2,570

2,510

Aggregate ARPU (FOMA) (5)

yen/month/contract

6,990

6,220

6,260

6,180

5,990

Voice ARPU (6)

yen/month/contract

4,340

3,560

3,630

3,500

3,400

Packet ARPU

yen/month/contract

2,650

2,660

2,630

2,680

2,590

i-mode ARPU

yen/month/contract

2,610

2,610

2,590

2,630

2,550

ARPU generated from international services (7)

yen/month/contract

100

ARPU generated purely from i-mode (FOMA) (5)

yen/month/contract

2,720

2,760

2,730

2,790

2,710

Aggregate ARPU (mova ) (5)

yen/month/contract

4,340

3,860

3,890

3,820

3,760

Voice ARPU (6)

yen/month/contract

3,590

3,170

3,220

3,120

3,100

i-mode ARPU

yen/month/contract

750

690

670

700

660

ARPU generated from international services (7)

yen/month/contract

ARPU generated purely from i-mode (mova) (5)

yen/month/contract

930

890

860

910

870

MOU (FOMA+mova) (5)

minute/month/contract

138

138

137

138

—

MOU (FOMA) (5)

minute/month/contract

156

150

150

150

—

MOU (mova) (5)

minute/month/contract

—

2in1 Subscriptions (8)

thousands

240

454

304

454

—

Communication Module Service Subscriptions (9)

thousands

1,433

1,509

1,466

1,509

1,540

FOMA Ubiquitous plan (10)

thousands

698

785

741

785

—

DoPa Single Service (11)

thousands

735

723

726

723

—

Prepaid Subscriptions (11)

thousands

—

i-mode

Subscriptions

thousands

47,993

48,069

48,061

48,069

48,370

FOMA

thousands

41,213

42,911

42,118

42,911

45,000

i-mode Subscription Rate (3)

89.9

89.1

89.6

89.1

88.8

Net increase from previous period

thousands

419

380

i-mode Flat-rate Packet Communication Plan Subscriptions (12)

thousands

12,744

13,949

13,395

13,949

—

i-channel Subscriptions

thousands

15,649

16,044

15,823

16,044

—

Others

DCMX Subscriptions (13)

thousands

5,640

7,350

6,440

7,350

9,000


*		Please refer to the attached sheet (P.18) 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” subscriptions and “pake-hodai full” subscriptions.

(13)		Inclusive of DCMX mini subscriptions.

(APPENDIX 2)

Definition and Calculation Methods of ARPU and MOU

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.

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, 2009 (forecasts) are provided to the extent available without unreasonable efforts.

1. EBITDA and EBITDA margin


	Billions of yen
	Year ending
	March 31, 2009			Year ended			Three months ended			Six months ended			Six months ended
	(Revised Forecasts)			March 31, 2008			September 30, 2008			September 30, 2008			September 30, 2007
a. EBITDA	¥	1,655.0		¥	1,639.1		¥	468.5		¥	938.2		¥	786.6

Depreciation and amortization		(782.0	)		(776.4	)		(179.9	)		(348.4	)		(364.3	)
Loss on sale or disposal of property, plant and equipment		(43.0	)		(54.4	)		(8.1	)		(12.8	)		(13.8	)

Operating income		830.0			808.3			280.5			576.9			408.5

Other income (expense)		(16.0	)		(7.6	)		(8.7	)		(16.8	)		2.4
Income taxes		(328.0	)		(323.0	)		(101.4	)		(219.4	)		(165.1	)
Equity in net income of affiliates		9.0			13.6			2.8			5.9			0.9
Minority interests		—			(0.1	)		0.0			(0.0	)		(0.1	)

b. Net income		495.0			491.2			173.1			346.7			246.5


c. Total operating revenues		4,597.0			4,711.8			1,097.5			2,267.8			2,325.1

EBITDA margin (=a/c)		36.0	%		34.8	%		42.7	%		41.4	%		33.8	%
Net income margin (=b/c)		10.8	%		10.4	%		15.8	%		15.3	%		10.6	%


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
	March 31, 2009			Year ended			Three months ended			Six months ended			Six months ended
	(Revised Forecasts)			March 31, 2008			September 30, 2008			September 30, 2008			September 30, 2007
a. Operating income	¥	830.0		¥	808.3		¥	280.5		¥	576.9		¥	408.5
b. Operating income after tax effect {=a*(1-effective tax rate)} (effective tax rate:40.9%)		490.5			477.7			165.8			341.0			241.4
c. Capital employed		4,873.0			4,759.6			4,888.0			4,863.6			4,745.5

ROCE before tax effect (=a/c)		17.0	%		17.0	%		5.7	%		11.9	%		8.6	%
ROCE after tax effect (=b/c)		10.1	%		10.0	%		3.4	%		7.0	%		5.1	%


Notes:		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 factors and changes in investments for cash management purposes


	Billions of yen
	Year ending						(Reference)
	March 31, 2009			Year ended			Three months ended			Six months ended			Six months ended
	(Revised Forecasts)			March 31, 2008			September 30, 2008			September 30, 2008			September 30, 2007
Free cash flows excluding irregular factors and changes in investments for cash management purposes	¥	130.0		¥	442.4		¥	41.0		¥	(64.6	)	¥	168.9

Irregular factors (1)		—			210.0			—			—			(3.0	)
Changes in investments for cash management purposes (2)		—			148.9			(1.3	)		49.2			97.3

Free cash flows		130.0			801.3			39.8			(15.4	)		263.2

Net cash used in investing activities		(771.0	)		(758.8	)		(233.3	)		(423.8	)		(365.2	)
Net cash provided by operating activities		901.0			1,560.1			273.1			408.4			628.4


Note:

(1)		Irregular factors represent the effects of uncollected revenues due to a bank closure at the end of the fiscal period.

		Irregular factors during the six months ended September 30, 2007 was the net effect of bank closures as of March 31, 2007 and September 30, 2007.

(2)		Changes in investments for cash management purposes were derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months. Net cash used in investing activities for the six months ended September 30, 2008 and 2007 and the year ended March 31, 2008 includes changes in investments for cash management purposes. However, the effect of changes in investments for cash management purposes is not taken into account when we forecasted net cash used in investing activities for the year ending March 31, 2009 due to the difficulties in forecasting such effect.

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 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 forward-looking statement. Potential risks and uncertainties include, without limitation, the following:

1.		As competition in the market becomes more fierce due to changes in the business environment caused by Mobile Number Portability, new market entrants, competition from other cellular service providers or other technologies, and other factors could limit our acquisition of new subscribers, retention of existing subscribers, or may lead to diminishing ARPU or 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.

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 forward- looking statement. Potential risks and uncertainties include, without limitation, the following: As competition in the market becomes more fierce due to changes in the business environment caused by Mobile Number Portability, new market entrants, competition from other cellular service providers or other technologies, and other factors could limit our acquisition of new subscribers retention of existing subscribers, or may lead to diminishing in ARPU or an increase in our costs and expenses. 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. 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. 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. 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. Our domestic and international investments, alliances and collaborations may not produce the returns or provide the opportunities we expect. 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. Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image. 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. 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. 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. Concerns about wireless telecommunications health risks may adversely affect our financial condition and results of operations. Our parent company, Nippon Telegraph and Telephone Corporation (NTT), could exercise influence that may not be in the interests of our other shareholders. Forward-Looking Statements

FY2008/1H (1Q+2Q cumulative) Results Highlights New business model New discount services*: New handset purchase method:^ Subscription rate** topped 50% as of Sept. 30, 2008 "Value Course" selection rate*** remains high at over 90% Total number of handsets sold: 10.26 million units (down 2.53 million or 19.8% year-on-year) Maintained churn rate low at 0.51% (FY08/1H) Reduced distributor commissions Operating income \830 billion Full-year handset sales (revised forecast) : Upward revision of cellular ARPU : mova-related expenses Down approx. 15% from initial forecast Up \70 from initial forecast ^ FY2008/1H (1Q+2Q cumulative) Results ^ FY2008 Full-year forecast (revised) Operating income: \576.9 billion (Up 41.2% year-on-year) (Progress to full-year forecast: 69.5%) ^Major factors^ Operating income: \830 billion yen (+-0 yen from initial forecast) ^Major factors^ **New discount services subscription rate= Total no. of new discount services subscribers/ Total no. of cellular subscriptions ***Percentage of users who chose "Value Course" among total users who purchased a handset using new purchase methods *"Fami-wari MAX 50", "Hitoridemo Discount", "Office-wari MAX 50"

FY2008/1H (1Q+2Q cumulative) Financial Results (1) ^ US GAAP 2007/4-9 (1H) (1) 2008/4-9 (1H) (2) Changes (1) ^(2) 2009/3 (Full-year forecast) (3) Revised Progress to forecast (2) /(3) Operating Revenues (Billions of yen) Operating Revenues (Billions of yen) 2,325.1 2,267.8 -2.5% 4,597.0 49.3% Cellular Services Revenues (Billions of yen) 2,066.5 1,871.9 -9.4% 3,649.0 51.3% Operating Expenses (Billions of yen) Operating Expenses (Billions of yen) 1,916.6 1,690.8 -11.8% 3,767.0 44.9% Operating Income (Billions of yen) Operating Income (Billions of yen) 408.5 576.9 +41.2% 830.0 69.5% Income Before Income Taxes (Billions of yen) Income Before Income Taxes (Billions of yen) 410.9 560.2 +36.3% 814.0 68.8% Net Income (Billions of yen) Net Income (Billions of yen) 246.5 346.7 +40.6% 495.0 70.0% EBITDA Margin (%) * EBITDA Margin (%) * 33.8 41.4 +7.6 points 36.0 - Adjusted Free Cash Flow (Billions of yen) * Adjusted Free Cash Flow (Billions of yen) * 168.9 -64.6 - 130.0 - ^Consolidated financial statements in this document are unaudited. ^Adjusted 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 GAAP on Slide 25 and the IR page of our website, www.nttdocomo.co.jp.

New Business Model ^ "Value Plan" subscriptions & "Value Course" selection rate** 07/11 12 08/1 2 3 4 5 6 7 8 9 ^^^ 0.27 1.59 2.45 3.6 5.29 6.39 7.33 8.89 10.3 11.72 12.96 ?^^ 0.932 0.94 0.953 0.973 0.978 0.973 0.97 0.963 0.929 0.926 0.914 **Percentage of users who chose Value Course among total users who purchased a handset using new purchase methods :"Value Course" selection rate (right axis) :No. of "Value Plan" subs (left axis) (Million subs) Maintained at over 90% (Selection rate) 07/9 07/12 08/3 08/6 08/9 09/3(Revised forecast) ^^ 11.22 17.56 22.09 25.86 28.46 0 32.26 ^^ 4173 3559 3130 2777 2548 0 2300 ^^^ 0.21 0.33 0.41 0.48 0.53 0.59 ^^^^ ^ No. of subscriptions (Million subs) (Subscription rate) * "Fami-wari MAX 50", "Hitoridemo Discount", "Office-wari MAX 50" Subscription rate topped 50% New Discount Services* New Purchase Methods :Subscription rate (right axis) :No. of subs (left axis)

05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 4-6(1Q) 7-9(2Q) 10-12(3Q) 08/1-3(4Q) 4-6(1Q) 7-9(2Q) 10-12(3Q) 08/3(?^) 09/3(?^^^) (Incl.) i-mode ARPU 1,810 1,870 1,860 1,920 1,950 1,960 1,990 2,060 2,090 2,180 2,170 2,230 2,290 2,360 2,170 2,320 Packet ARPU 1820 1880 1880 1940 1970 1980 2010 2080 2120 2210 2200 2270 2330 2410 4090 2200 2360 (Incl.) Int'l services ARPU 30 40 40 40 50 50 50 60 60 70 70 80 80 90 70 90 Voice ARPU 5120 5170 5040 4780 4930 4740 4660 4450 4440 4340 4090 3780 3560 3450 2200 4160 3280 YOY changes in packet ARPU (%) 8.2 5.3 6.9 7.2 7.6 11.6 9.5 9.1 9.9 9.0 9.5 7.3 6,530 6,900* 6,720 6,670 6,560 6,550 6,290 6,050 1,970 1,980 2,010 2,080 2,120 2,210 2,200 2,270 2,330 5,890 Full-year aggregate ARPU: ?6, 700 (Down 3.0% year-on-year) Full-year aggregate ARPU: ?6,360 (Down 5.1% year-on-year) *The ARPU data for FY2006/1Q and FY2006 full-year include the impact of incurring revenues for the portion of "Nikagetsu Kurikoshi" (two month carry over) allowances that are projected to expire, which are estimated as follows: ^^FY2006/1Q (actual): 200 yen ^^FY2006/full-year (actual): 50 yen ^International service-related revenues, which had not been included in previous reports, have been included in the ARPU data calculations as of the fiscal year ended Mar. 31, 2006, in view of their growing contribution to total revenues. ^For an explanation of ARPU, please see Slide 24 of this document, "Definition and Calculation Methods of MOU and ARPU". (yen) ^ Aggregate ARPU for FY2008/2Q was 5,860 yen (down 10.5% year-on-year) Packet ARPU was 2,410 yen (up 9.0% year-on-year) Cellular (FOMA+mova) ARPU 5,860 2,410

^ Churn rate for FY2008/1H was 0.51% 03/4-6(1Q) 7-9(2Q) 10-12(3Q) 04/1-3(4Q) 04/4-6(1Q) 7-9(2Q) 10-12(3Q) 05/1-3(4Q) 05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ?^^ 1.17 1.19 1.11 1.36 1.06 1.08 0.95 0.96 0.8 0.81 0.72 0.75 0.64 0.6 0.93 0.97 0.85 0.94 0.74 0.68 0.51 0.52 0.94% 0.60% FY08/1H churn rate: 0.51% Churn Rate FY2006 FY2007 FY2008 ^ Cellular (FOMA+mova) Churn Rate (%) New handset purchase method (Nov. 07) New discount services (Aug. 07) Full-year churn rate: 0.78% Full-year churn rate: 0.80% 0.52% 0.51%

^^ ^^ 1H 2H 1H 2H 1H ^^ 2144 2431 22.05 27.84 25.41 26.14 ^^^ 1190 1312 11.82 14.22 12.8 12.94 10.27 (million units) : Total handsets sold (DOCOMO + au +SOFTBANK) : Total handsets sold (DOCOMO) FY2006 FY2007 ^Calculated based on financial results materials of each company ^Handsets sold by TU-KA and EMOBILE are not included. FY2008 Total Handset Sales/Market Share of Gross Handset Sales (Estimate) ^ Total no. of handsets sold in FY2008/1H: 10.26 million units (Down 19.8% year-on-year) ^ Total handset sales for FY08 (full-year) projected to decline by approx. 15% year-on-year Down 19.8% 54% 50% 51% 50%

FY2008/1H (1Q+2Q cumulative) Financial Results (2) FY2007/1H FY2008/1H Operating income: \408.5 billion Operating income: \576.9 billion Up \168.5 billion (41.2% Year-on-year) Increase in other revenues: Up 12.9 billion Decrease in cellular services revenues: Down \194.7 billion Increase in equipment sales revenues: Up \124.4 billion Increase in other operating expenses: Up \2.0 billion Operating revenues: Down \57.3 billion Operating expenses Down \225.8 billion ^ Principal factors behind YOY operating income growth Incl.) Cost of equipment sold: Down \161.4 billion Incl.) Distributor commissions: Down \66.4 billion Decrease in total equipment sales cost: Down \227.8 billion

Revised FY2008 Full-Year Forecasts 2009/3 (full year) initial forecast (1) (Announced 2008/4/25) 2009/3(full year) Revised forecast (2) Changes (1) ^(2) Operating revenues Operating revenues 4,768 4,597 -171 Cellular services revenues 3,605 3,649 +44 Operating expenses Operating expenses 3,938 3,767 -171 Operating income Operating income 830 830 +-0 Capital expenditures Capital expenditures 719 719 +-0 (billions of yen) ^^ Operating revenues (Down \171 billion compared to initial forecast) ^^^ Cellular services revenues forecast was revised upwards (up \44 billion) after reviewing projected full-year cellular ARPU, etc. ^^^ Equipment sales revenues forecast was revised downwards (down \197 billion) after reviewing full-year handset sales forecast, etc. ^^ Operating expenses (Down \171 billion compared to initial forecast) ^^^ Made downward revisions to projected cost of equipment sold (down \194 billion) and distributor commissions (down \5 billion), after reviewing full-year handset sales forecast, etc.

Revised FY2008 Full-Year Forecasts (Highlights) Initial full-year forecast (Announced 4/25/2008) Operating income: \830 billion Decrease in cost of equipment sold: Down \194 billion Operating revenues: Down \171 billion Operating expenses: Down \171 billion ^ Factors behind changes in operating income(from initial forecast) Revised full-year forecast (Announced 10/31/2008) Operating income: \830 billion Decrease in equipment sales revenues: Down \197 billion Increase in depreciation/ amortization : Up \31 billion Decrease in distributor commissions: Down \5 billion Decrease in other expenses: Down \3 billion Decrease in other revenues: Down \18 billion Increase in cellular services revenues: Up \44 billion

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

US GAAP 2007/4-9(1H) 2008/4-9(1H) 2009/3(full year forecast) 2009/3(full year forecast) Cellular services revenues (voice, packet) 2066.5 1871.9 3649 3605 PHS revenues 7 - - - Other revenues 56.8 76.7 180 198 Equipment sales revenues 194.8 319.2 768 965 2,325.1 2,267.8 4,597.0 -2.5% 4,768.0 Operating Revenues (Billions of yen) (Billions of yen) (Announced 4/25/2008) (Announced 10/31/2008) ^ "International services revenues" are included in "Cellular services revenues (voice, packet)".

US GAAP 2007/4-9(1H) 2008/4-9(1H) 2009/3(full year forecast) 2009/3(full year forecast) (Incl.) Other non-personnel expenses 362.3 371.3 833.0 867.0 (Incl.)Revenue-linked expenses* 845.5 640.0 1,472.0 1,640.0 Non-personnel expenses 1207.8 1011.3 2305 2507 Communication network charges 176.2 165.8 327 327 Loss on disposal of property, plant and equipment and intangible assets 25 18.7 62 63 Depreciation and amortization 364.3 348.4 782 751 Taxes and public duties 19.8 20 39 40 Personnel expenses 123.4 126.7 252 250 1,916.6 1,690.8 3,767.0 -11.8% 3,938.0 *Revenue-linked expenses: Cost of equipment sold + distributor commissions + cost of DoCoMo Point service (Announced 4/25/2008) (Announced 10/31/2008) Operating Expenses (Billions of yen) (Billions of yen)

2007/4-9(1H) 2008/4-9(1H) 2009/3(Full year forecast) 2009/3(full year forecast) Mobile phone business (Other) 36.6 42.3 87 86 Mobile phone business (mova) 5.6 4.1 10 8 Mobile phone business (FOMA) 214.7 235.2 481 472 PHS business 0.1 - - - Other (information systems, etc.) 58.8 54.9 141 153 315.8 336.5 719.0 +6.5% 719.0 Capital Expenditures (Billions of yen) (Billions of yen) (Announced 4/25/2008) (Announced 10/31/2008)

^ 2007/4-9 (1H) (1) 2008/4-9 (1H) (2) Changes (1) ^(2) 2009/3 (Full year forecast) Announced 10/31/2008 Cellular Phone No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* 52,942 53,937 +1.9% 54,470 Cellular Phone mova^ mova^ mova^ mova^ mova^ 12,899 7,493 -41.9% 5,280 Cellular Phone FOMA FOMA FOMA FOMA FOMA 40,043 46,444 +16.0% 49,190 Cellular Phone i-mode i-mode i-mode i-mode i-mode 47,759 48,069 +0.6% 48,370 Cellular Phone Communication Module Service Communication Module Service Communication Module Service Communication Module Service Communication Module Service 1,247 1,509 +21.0% 1,540 Cellular Phone Market share(%) Market share(%) Market share(%) Market share(%) Market share(%) Market share(%) 53.3 51.5 -1.8 points - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Total handsets sold Total handsets sold Total handsets sold 12,798 10,265 -19.8% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) mova New New 131 45 -65.5% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) mova Replacement Replacement 167 29 -82.7% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA New New 3,032 2,157 -28.9% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA Migration from mova Migration from mova 3,554 1,632 -54.1% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA Other** Other** 5,914 6,402 +8.2% - Cellular Phone Churn rate (%) Churn rate (%) Churn rate (%) Churn rate (%) Churn rate (%) Churn rate (%) 0.90 0.51 -0.39 points - Cellular Phone ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** 6,550 5,870 -10.4% 5,710 Cellular Phone MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** 140 138 -1.4% - *Communication Module Service subscriptions are included in the number of cellular phone subscriptions in order to align the calculation method of subscriptions 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.) **Other includes purchases of additional handsets by existing FOMA subscribers. ***For an explanation of MOU and ARPU, please see Slide 24 of this document, "Definition and Calculation Methods of MOU and ARPU". Operational Results and Forecasts

FY2008/2Q Financial Results US GAAP 2007/7-9 (2Q) (1) 2008/7-9 (2Q) (2) Changes (1) ^(2) Operating Revenues (Billions of yen) Operating Revenues (Billions of yen) 1,142.3 1,097.5 -44.7 Cellular Services Revenues (Billions of yen) 1,033.8 935.5 -98.4 Operating Expenses (Billions of yen) Operating Expenses (Billions of yen) 937.6 817.1 -120.6 Operating Income (Billions of yen) Operating Income (Billions of yen) 204.6 280.5 +75.8 Income Before Income Taxes (Billions of yen) Income Before Income Taxes (Billions of yen) 205.4 271.7 +66.4 Net Income (Billions of yen) Net Income (Billions of yen) 123.7 173.1 +49.4 EBITDA Margin (%) * EBITDA Margin (%) * 35.0 42.7 +7.7 points Adjusted Free Cash Flow (Billions of yen) ** Adjusted Free Cash Flow (Billions of yen) ** 119.7 41.0 -78.7 ^Consolidated financial statements in this document are unaudited. ^Adjusted 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 GAAP on Slide 25 and the IR page of our website, www.nttdocomo.co.jp.

05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 07/4-6(1Q) 7-9(2Q) 10-12(3Q) 08/1-3(4Q) 08/4-6(1Q) 7-9(2Q) Softbank -7 2 12 6 3 7 17 23 39.76 47.89 47.1 44.22 56.88 44 KDDI 51 52 44 46 48 47 73 54 38.95 39.73 28.35 35.65 -3.7 12.4 DoCoMo 56 45 44 48 49 46 10 23 16.78 7.51 17.53 10.78 26.09 26 EMOBILE 4.5 4.86 7.02 9.35 20.74 17.6 KDDI 51 52 44 46 48 47 73 54 41 Softbank -7 2 12 6 3 7 17 23 42 SoftBank au EMOBILE 26.0% DOCOMO ^Source of data used in calculation: Telecommunications Carriers Association (TCA) FY2006 FY2007 FY2008 Market Share of Net Additions ^ DOCOMO's market share of net additions in FY2008/2Q was 26.0% FY06 full-year net adds share : 30.0% FY07 full-year net adds share : 12.8% (%) FY08/1H :^26.0%

37681 37773 37865 37956 38047 38139 38231 38322 38412 38504 05/9 05/12 06/3 06/6 06/9 06/12 07/3 07/6 07/9 07/12 08/3 08/6 08/9 09/3(Forecast) FOMA 33 53.5 100.3 188.1 304.5 458.3 648.8 849.9 1150.1 1371 1677.01 2012.8724 2346 2621.6 29.09 32.11 35.529 37.854 40.0426 42.0775 43.95 45.199 46.44 0 49.18 mova 4353.1 4413.8 4437.8 4385.4 4328.3 4225 4087.5 3941.5 3732.4 3570.9 3313.41 3023.6974 2768 2545.6 23.005 20.1 17.092 14.991 12.8991 11.073 9.4384 8.428 7.49 0 5.28 mova 54.47 49.19 (90.3%) 46.44 (86.1%) 53.94 52.94 40.04 (75.6%) 29.10 mova 52.10 Subscriber Migration to FOMA ^Inclusive of Communication Module Service subscribers ^ FOMA subscribers grew to 46.44 million (86.1% of DOCOMO's total subs) Numbers in parentheses indicate the percentage of FOMA subscriptions to total cellular subscriptions (Million subscribers)

04/4-6(1Q) 7-9(2Q) 10-12(3Q) 05/1-3(4Q) 05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 07/4-6(1Q) 7-9(2Q) 10-12(3Q) 08/1-3(4Q) 08/4-6(1Q) 7-9(2Q) MOU(Left axis) 152 155 153 145 149 152 151 146 145 146 146 139 140 140 139 135 137 138 Year-on-year changes in MOU (Right axis) -6.2 -3.7 -4.4 -5.8 -2 -1.9 -1.3 0.7 -2.7 -3.9 -3.3 -4.8 -3.4 -4.1 -4.8 -2.9 -2.1 -1.4 Cellular (FOMA+mova) MOU ^ MOU for FY2008/2Q was 138 minutes (down 1.4% year-on-year) (%) (minutes) Full-year MOU: 144 minutes (Down 3.4% year-on-year) Full-year MOU: 138 minutes (Down 4.2% year-on-year) ^For an explanation of MOU, please see Slide 24 of this document, "Definition and Calculation Methods of MOU and ARPU".

Flat-Rate Subscriptions 05/3 05/6 05/9 05/12 06/3 06/6 06/9 06/12 07/3 07/6 07/9 07/12 08/3 08/6 08/9 09/3(^^) ^^^^^^ 267.6689 327.0285 388.2829 444.9122 559.0038 691.949 7.82 8.56 9.56 10.46 11.27 11.95 12.74 13.4 13.95 15.07 ^^? 107.8705 124.94248 135.899 155.7192 223.6015 ^^^ 0.233 0.239 0.232 0.221 0.2382 0.263648809 0.2687 0.2666 28 (Million subscribers) 11.27 million *Inclusive of "Pake-hodai full" subscriptions **"Pake-hodai" subscription rate= No. of "Pake-hodai" subscriptions/ Total FOMA subscriptions ^ No. of "Pake-hodai"* subscriptions Up 2.68 million 13.95 million Launched "Pake-hodai double" (two-tier flat-rate) in October 2008 "Pake-hodai" subscription rate** (As of Sept. 30, 2008) 30%

07/6 07/9 07/12 08/3 08/6 08/9 DCMX^^^ 5.98 8.2 11.11 13.68 15.47 16.84 38869 7 8 9/1/2006 10 11 12/1/2006 07/1 2 3/1/2007 4 5 6/1/2007 9/1/2007 12/1/2007 3/1/2008 6/1/2008 9/1/2008 09/3 (Forecast) DCMX^^^ 31 52 68.6 81.4 94.365 113.6272 138.7 158.6 179.4 209 235 255 285 3.75 4.66 5.64 6.44 7.35 9 Credit Location Information ^ DCMX membership ^ User base of GPS-enabled handsets (Million subscribers) As of Sept. 30, 2008: ^^^^380,000 units Mar. 31, 2009 (forecast): ^ ^400,000 units ^ iD payment terminals installed (Million subscribers) Credit / Location Information As of Sept. 30, 2008:^7.35 mil Mar. 31, 2009 (forecast): 9 mil

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 344.703 450.33 473.446 559.211 583.962 754.514 773.59 914.219 915 1086 ^ 32.6 37.6 47.8 58.2 64.7 66 74 83 88 91 International Business FY06 FY07 FY08 FY06/1H FY07/1H FY08/1H ^^^^^ 8 12.3 16.8 ?^ 7.8 9.5 11 12.3 +38% 9.5 7.8 8.0 21.8 15.8 26.8 +23% 16.0 10.8 ^^International services revenues increased 23% year-on-year ^ Int'l services revenues :Int'l roaming revenues :Int'l dialing revenues (Billions of yen) ^ No. of Int'l roaming users (Roaming service users: 1,000 subs) (% of own-handset roamers to total roaming users) :Int'l roaming users (aggregate) :% of own-handset roamers to total

Definition and Calculation Methods of MOU and ARPU ^ MOU (Minutes of usage): Average communication time per one month per one user ^ 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 basic 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. ^ 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 transmission charges) / No. of active cellular phone subscriptions (FOMA+mova) ^^^ Packet ARPU (FOMA+mova): {Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet transmission charges) + i-mode ARPU (mova) Related Revenues (basic 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 (basic monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA+mova) ^ Aggregate ARPU (FOMA): Voice ARPU (FOMA) + Packet ARPU (FOMA) ^^^ Voice ARPU (FOMA): Voice ARPU (FOMA) Related Revenues (basic monthly charges, voice transmission charges) / No. of active cellular phone subscriptions (FOMA) ^^^ Packet ARPU (FOMA): Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA) ^^^ i-mode ARPU (FOMA): i-mode ARPU (FOMA) Related Revenues (basic monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (FOMA) ^ Aggregate ARPU (mova): Voice ARPU (mova) + i-mode ARPU (mova) ^^^ Voice ARPU (mova): Voice ARPU (mova) Related Revenues (basic monthly charges, voice transmission charges) / No. of active cellular phone subscriptions (mova) ^^^ i-mode ARPU (mova): i-mode ARPU (mova) Related Revenues (basic monthly charges, packet transmission charges) / No. of active cellular phone subscriptions (mova) ^ 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 ^The revenues and no. of subscriptions of Communication Module Service are not included in the above calculation of ARPU and MOU.

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

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