Financial Highlights

Consolidated Statements of Income

(Billions of yen)

		FY2010		FY2011
		Nine Months (Apr.-Dec. 2010)		Nine Months (Apr.-Dec. 2011)
			3Q (Oct.-Dec. 2010)		3Q (Oct.-Dec. 2011)
Operating revenues1		3,209.1	1,071.0	3,174.2	1,061.2
	Wireless services	2,850.1	951.1	2,819.2	941.4
	Equipment sales	359.0	119.9	354.9	119.7
Operating expenses1		2,450.6	843.9	2,430.4	825.9
Operating income		758.5	227.0	743.8	235.3
Income before income taxes		748.6	221.6	744.1	232.2
Net income		445.6	134.8	393.7	95.2
Less: Net (income) loss attributable to noncontrolling interests		(minus1.7)	(minus0.6)	0.9	0.4
Net income attributable to NTT DOCOMO, INC.		444.0	134.2	394.6	95.6

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)

	FY2010		FY2011
	Nine Months (Apr.-Dec. 2010)		Nine Months (Apr.-Dec. 2011)
		3Q (Oct.-Dec. 2010)		3Q (Oct.-Dec. 2011)
Decrease of equipment sales revenues in operating revenues	166.3	57.2	160.2	51.5
Decrease of equipment sales related expenses in operating expenses	161.9	53.9	157.9	50.0

	FY2010		FY2011
	Nine Months (Apr.-Dec. 2010)		Nine Months (Apr.-Dec. 2011)
		3Q (Oct.-Dec. 2010)		3Q (Oct.-Dec. 2011)
Operating income margin1	23.6%	21.2%	23.4%	22.2%
Net income margin2	13.8%	12.5%	12.4%	9.0%
EBITDA margin3	39.5%	38.1%	39.2%	38.7%

• 1 Operating income / Operating revenues
• 2 Net income attributable to NTT DOCOMO, INC. / Operating revenues
• 3 EBITDA (Operating income + Depreciation and amortization expenses + 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.

Consolidated Balance Sheets

(Billions of yen)

	FY2010	FY2011
	End of 3Q (as of Dec. 31, 2010)	End of 3Q (as of Dec. 31, 2011)
Total assets	6,848.6	6,700.7
Interest bearing liabilities	609.0	256.2
NTT DOCOMO, INC. shareholders' equity	4,837.8	4,990.5

Margin of safety

	FY2010	FY2011
	End of 3Q (as of Dec. 31, 2010)	End of 3Q (as of Dec. 31, 2011)
Debt ratio1	11.2%	4.9%
Equity ratio2	70.6%	74.5%

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

Consolidated Statements of Cash Flows

(Billions of yen)

	FY2010	FY2011
	Nine Months (Apr.-Dec. 2010)	Nine Months (Apr.-Dec. 2011)
Cash flows from operating activities	754.5	708.6
Cash flows from investing activities	(minus519.9)	(minus746.9)
Free cash flows1	234.6	(minus38.3)
Adjusted free cash flows (excluding Irregular factors2 and Changes in investments for cash management purposes3)	394.1	316.0

• 1 Cash flows from operating activities + Cash flows from investing activities
• 2 Irregular factors:The effects of uncollected revenues due to bank closures at the end of periods.
• 3 Changes in investments for cash management purposes:The Changes derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months.

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

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