NTT DoCoMo to Liquidate a Subsidiary

Others

TOKYO, JAPAN, January 29, 2004 --- NTT DoCoMo, Inc. ("DoCoMo") announced today that it made a decision to liquidate its subsidiary, Mobimagic Co., Ltd.. Details of the decision are as follows.

  1. 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
    employees:
    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%)

  2. 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.

  3. Schedule
     
    Liquidation is expected to be completed by September 2004.

  4. 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.

About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company with more than 47 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode® , the world's most popular mobile internet service, which provides e-mail and internet access to over 40 million subscribers, and FOMA®, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North America. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.co.jp/english

i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
NTT DoCoMo's FOMA service is available only to subscribers in Japan.

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