Responsibilities to Shareholders and Investors

NTT DOCOMO considers that providing adequate returns to shareholders is one of the most important issues in corporate management and plans to pay dividends in a stable manner by taking into account its consolidated results and consolidated dividend payout ratio, while striving to strengthen its financial position and secure internal reserves.
The Company will also continue to take a flexible approach regarding share repurchases in order to return profits to shareholders. Basic approach regarding the level of treasury stocks resulting in the repurchased shares is to limit the amount of such treasury stock to approximately 5% of total outstanding shares and to retire the excess at the end of the fiscal year. In the fiscal year ended March 2011, the Company acquired 138,141 shares of its own common stock at a price of approximately 20.0 billion yen and canceled 140,000 shares (approx. 0.3% of total outstanding shares prior to retirement) on March 31, 2011.
As for the internal reserves, the Company will allocate those 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.

We strive to ensure transparency in management, which includes the timely and fair disclosure of management information. This is accomplished by developing disclosure controls and procedures.
In addition, we conduct investor relations activities with an emphasis on fairness. For example, we simultaneously disseminate IR information via the Internet and stream financial results presentations in real time.
We also actively create opportunities for direct communication between top management and investors. Presentations are held for domestic and overseas institutional investors and IR seminars for individual investors. Feedback received from investors is referenced in our management activities and shared throughout the company, which serves to improve our services and operating results.

DOCOMO has been recognized for its stance on disclosure and emphasis on fairness in investor relations activities, for the straightforwardness of information provided on its Investor Relations site and in its annual reports, and for the considerations given to individual investors.

• Recognized for excellence in corporate disclosure at the 2010 Awards for Excellence in Corporate Disclosure sponsored by the Securities Analysts Association of Japan (October 2010)
• Awarded Second Prize by Nikko Investor Relations Co., Ltd.'s ranking of listed company websites (November 2010)
• Awarded Grand Prize by Daiwa Investor Relations Co., Ltd. in its 2010 Internet IR Best Company Awards (December 2010)
• Ranked No. 1 in Gomez Investor Relations Site Ranking 2011 by Gomez Consulting Co., Ltd. (March 2011)
• Received honorable mention at the Nikkei Annual Report Awards 2010 sponsored by Nihon Keizai Shimbun Inc. (December 2010)