TOKYO, JAPAN, May 14, 2004 --- NTT DoCoMo, Inc. ("DoCoMo") announced today that it made a decision to liquidate its subsidiary, Trynotes, Inc. Details of the decision are as follows.
- Outline of the subsidiary
Company name: Trynotes, Inc. Address: 2-22-24 Akasaka Minato-ku, Tokyo Representative: Kouji Morita Business: Operation and maintenance of music distribution servers Date established: February 2000 Capital: 980 million yen Number of shares issued: 19,600 shares Fiscal year-end: March 31 Number of employees: 5 (as of March 31, 2004) Major business partner: NTT DoCoMo, Inc.
NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION
Panasonic Mobile communications Co., Ltd.
NI and C Co., Ltd.
IBM Japan, Ltd.
Major Shareholder: NTT DoCoMo, Inc. (55.0%)
Panasonic Mobile communications Co., Ltd. (20.0%)
Sony Corporation (20.0%)
ITOCHU Corporation (5.0%)
- Reasons for Liquidation
Although DoCoMo established Trynotes to provide support for mobile music distribution services, it was decided to liquidate the subsidiary due to changes within the business environment which have made continuation of the business difficult.
Liquidation is expected to be completed by December 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, 2005.
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