Financial Highlights

Full-year forecasts: As revised on October 26, 2012

Data is available in both PDF and Excel formats.

• (Open a PDF file)Financial Data (BS,PL,CF) (PDF format: 58.2KB) 3 pages
• (Open an Excel file)Financial Data (BS,PL,CF) (Excel format: 60.0KB) 3 pages

Consolidated Statements of Income

(Billions of yen)

		3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.) (Revised)
Operating revenues1		4,711.8	4,448.0	4,284.4	4,224.3	4,240.0	4,520.0
	Wireless services	4,165.2	3,841.1	3,776.9	3,746.9	3,741.1	3,741.0
	Equipment sales	546.6	606.9	507.5	477.4	498.9	779.0
Operating expenses1		3,903.5	3,617.0	3,450.2	3,379.5	3,365.5	3,700.0
Operating income		808.3	831.0	834.2	844.7	874.5	820.0
Income before income taxes		800.7	780.5	836.2	835.3	877.0	816.0
Net income		491.3	471.4	497.1	492.0	461.0	-
Less: Net (income) loss attributable to noncontrolling interests2		(minus0.1)	0.5	(minus2.3)	(minus1.5)	3.0	-
Net income attributable to NTT DOCOMO, INC.		491.2	471.9	494.8	490.5	463.9	507.0

1 Effective April 1, 2002, we adopted the accounting pronouncement issued in November 2001 relating to accounting for consideration given by a vendor to a customer (including a reseller of the vendor's products).
The effects in operating revenue and operating expenses due to the adoption this accounting pronouncement are as follows:

(Billions of yen)

	3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.)
Decrease of equipment sales revenues in operating revenues	654.8	253.5	219.6	234.6	244.4	-
Decrease of equipment sales related expenses in operating expenses	688.9	265.3	219.3	235.2	242.3	-

2 Effective April 1, 2009, we adopted the accounting pronouncement issued in December 2007 relating to noncontrolling interests in consolidated financial statements. Upon the adoption, "Net income" includes "Net income or loss attributable to noncontrolling interests", which was previously referred to as "Minority interests" and deducted from "Net income", for the fiscal year ended March 31, 2010.
Accordingly, "Net income", and "Net income or loss attributable to noncontrolling interests" for the fiscal year ended March 31, 2001 to 2009 is calculated in the same manner as those for the fiscal year ended March 31, 2010.

	3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.) (Revised)
Operating income margin1	17.2%	18.7%	19.5%	20.0%	20.6%	18.1%
Net income margin2	10.4%	10.6%	11.5%	11.6%	10.9%	11.2%
EBITDA margin3	34.8%	37.7%	36.6%	37.1%	37.3%	34.2%

• 1 Operating income / Operating revenues
• 2 Net income attributable to NTT DOCOMO, INC. / Operating revenues
• 3 EBITDA (Operating income + Depreciation and amortization + Losses on sale or disposal of property, plant and equipment) / Operating revenues

Please see Reconciliations of the Non-GAAP Financial Measures for details of the calculation process.

Operating revenues

Operating income and Operating income margin

Net income attributable to NTT DOCOMO, INC. and Net income margin

EBITDA margin

Consolidated Balance Sheets

(Billions of yen)

	3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.)
Total assets	6,210.8	6,488.2	6,756.8	6,791.6	6,948.1	-
Interest bearing liabilities	478.5	639.2	610.3	428.4	256.7	-
NTT DOCOMO, INC. shareholders' equity	4,276.5	4,341.6	4,635.9	4,850.4	5,062.5	-

Margin of safety

	3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.)
Debt ratio1	10.1%	12.8%	11.6%	8.1%	4.8%	-
Equity ratio2	68.9%	66.9%	68.6%	71.4%	72.9%	-

• 1 Interest bearing liabilities / (NTT DOCOMO, INC. shareholders' equity + Interest bearing liabilities)
• 2 NTT DOCOMO, INC. shareholders' equity / Total assets

Total assets

NTT DOCOMO, INC. shareholders' equity and Equity ratio

Interest bearing liabilities and Debt ratio

Consolidated Statements of Cash Flows

(Billions of yen)

	3/2008	3/2009	3/2010	3/2011	3/2012	3/2013 (Est.) (Revised)
Net cash provided by operating activities	1,560.1	1,173.7	1,182.8	1,287.0	1,110.6	917.0
Net cash used in investing activities	(minus758.8)	(minus1,031.0)	(minus1,163.9)	(minus455.4)	(minus974.6)	(minus776.0)
Free cash flows1	801.3	142.7	18.9	831.7	136.0	141.0
Free cash flows excluding the effect of irregular factors2, the effect of transfer of recievables3, and Changes in investments for cash management purposes4)	442.4	93.4	416.9	589.8	503.5	240.0

• 1 Net cash flows 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 periods.
• 3 Effect of transfer of recievables: Effect caused by the uncollected amounts of transferred recievables of telephone charges to NTT FINANCE CORPORARION
• 4 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.Net cash used in investing activities for the year ended March, 2011 and 2012 includes changes in investments for cash management purposes. 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, 2013 due to the difficulties in forecasting such effect.

Please see Reconciliations of the Non-GAAP Financial Measures for details of the calculation process.

Cash flows from operating activities and Cash flows from investing activities

Adjusted free cash flows (excluding Irregular factors and Changes in investments for cash management purposes)

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