Reconciliations of the Non-GAAP Financial Measures

Calculation processes of financial indicators which are not based on accounting standard are provided.

Reconciliations of the Non-GAAP Financial Measures

Financial data is based on USGAAP.

The reconciliations for the year ending March 31, 2012 (forecasts) are provided to the extent available without unreasonable efforts.

Full-year forecasts: Updated on January 27, 2012

EBITDA and EBITDA margin

(Billions of yen, unless otherwise specified)

3/2007

3/2008

3/2009

3/2010

3/2011

3/2012
(Est.)
(Revised)

a. EBITDA

1,574.6

1,639.1

1,678.4

1,568.1

1,565.7

1,581.0

Depreciation and amortization

(minus745.3)

(minus776.4)

(minus804.2)

(minus701.1)

(minus693.1)

(minus684.0)

Loss on sale or disposal of property, plant and equipment

(minus55.7)

(minus54.4)

(minus43.3)

(minus32.7)

(minus27.9)

(minus27.0)

Operating income

773.5

808.3

831.0

834.2

844.7

870.0

Other income (expense)

(minus0.6)

(minus7.6)

(minus50.5)

1.9

(minus9.4)

4.0

Income taxes

(minus313.7)

(minus323.0)

(minus308.4)

(minus338.2)

(minus337.8)

(minus394.0)

Equity in net income (losses) of affiliates

(minus1.9)

13.6

(minus0.7)

(minus0.9)

(minus5.5)

(minus6.0)

Less:

Net (income) loss attributable to noncontrolling interests

(minus0)

(minus0.1)

0.5

(minus2.3)

(minus1.5)

b. Net income attributable to NTT DOCOMO, INC.

457.3

491.2

471.9

494.8

490.5

474.0

c. Operating revenues

4,788.1

4,711.8

4,448.0

4,284.4

4,224.3

4,240.0

EBITDA margin (=a/c)

32.9%

34.8%

37.7%

36.6%

37.1%

37.3%

Net income margin (=b/c)

9.6%

10.4%

10.6%

11.5%

11.6%

11.2%

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.
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.

ROCE after tax effect

(Billions of yen, unless otherwise specified)

	3/2007	3/2008	3/2009	3/2010	3/2011	3/2012 (Est.) (Revised)
a. Operating income	773.5	808.3	831.0	834.2	844.7	870.0
b. Operating income after tax effect{=a(1-effective tax rate)}	457.2	477.7	491.9	493.9	500.1	515.0
c. Capital employed	4,804.3	4,759.6	4,867.9	5,113.5	5,262.5	5,339.2
ROCE before tax effect (=a/c)	16.1%	17.0%	17.1%	16.3%	16.1%	16.3%
ROCE after tax effect (=b/c)	9.5%	10.0%	10.1%	9.7%	9.5%	9.6%

Capital employed = Two period ends average of (NTT DOCOMO, INC. shareholders' equity + Interest bearing liabilities)
Interest bearing liabilities = Current portion of long-term debt + Short-term borrowings + Long-term debt
Effective tax rate : Year ended March 31, 2006, 2007, 2008 and 2009 = 40.9%, Year ended March 31, 2010, 2011 and Year ending March 31, 2011 (Forecasts) = 40.8%

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

(Billions of yen)

		3/2007	3/2008	3/2009	3/2010	3/2011	3/2012 (Est.) (Revised)
Adjusted free cash flows (excluding irregular factors and Changes in investments for cash management purposes)		192.2	442.4	93.4	416.9	589.8	460.0
Irregular factors1		(minus210.0)	210.0	-	-	-	(minus170.0)
Changes in investments for cash management purposes2		50.7	148.9	49.3	(minus398.0)	241.9	-
Free cash flows3		32.9	801.3	142.7	18.9	831.7	290.0
	Net cash used in investing activities	(minus947.7)	(minus758.8)	(minus1,031.0)	(minus1,163.9)	(minus455.4)	(minus759.0)
	Net cash provided by operating activities	980.6	1,560.1	1,173.7	1,182.8	1,287.0	1,049.0

1 Irregular factors:
The effects of uncollected revenues due to bank holidays at the end of periods.
2 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. Changes in investments for cash management purposes for the year ending March 31, 2012 is not forecasted due to difficulties in forecasting the effect.
3 Cash flows from operating activities + Cash flows from investing activities