TOKYO, JAPAN, January 29, 2004 ---
- Outline of the subsidiary
Company name: Mobimagic Co., Ltd. Address: 2F K.I.S. Iidabashi, 2-3-28 Kouraku Bunkyo-ku, Tokyo Representative: Masahiko Hirono Business: Application service provider for medium and small-sized companies Date established: November 1999 Capital: 3 billion yen Number of shares issued: 60,000 shares Fiscal year-end: March 31 Number of
11 (as of December 31, 2003) Major business partner: NTT Leasing Co., Ltd.
Microsoft Co., Ltd.
NTT Communications Corporation Major Shareholder: NTT DoCoMo, Inc. (64.0%)
Microsoft Corporation (16.0%)
NTT Data Corporation (8.0%)
NTT Communications Corporation (8.0%)
OBIC BUSINESS CONSULTANTS CO.,LTD(4.0%)
- Reasons for Liquidation
While DoCoMo established this company to spread mobile data service, the decision has been made to liquidate the company due to recent changes that have occurred within the business environment.
Liquidation is expected to be completed by September 2004.
- Impact on DoCoMo's Results of Operations
The liquidation is not expected to have any significant impact on DoCoMo's consolidated or non-consolidated results of operations. The liquidation does not affect the forecast of DoCoMo's results of operations for the fiscal year ending March 31, 2004.
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