TOKYO, JAPAN, October 27, 2004 --- NTT DoCoMo, Inc.("DoCoMo") reported today that Cingular Wireless LLC announced that all conditions necessary for its merger with
In connection with the merger, DoCoMo will receive US$15 per share, or US$6,495 million* in cash. The merger is expected to affect DoCoMo's financial results as follows:
1) Consolidated results
DoCoMo expects to record a gain on sale of investment of ¥497 billion as other income for the fiscal year ending March 31, 2005.
2) Non-consolidated results
DoCoMo expects to record a special gain of ¥430 billion for the fiscal year ending March 31, 2005.
DoCoMo's consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2005, announced on May 7, 2004, already reflected the expected effects of these developments.
* 695 billion Japanese yen at ¥107 to U.S. $1. This translation of the U.S. dollar amount into Japanese yen is included solely for the convenience of readers and should not be construed as a representation that the U.S. dollar amounts have been, could have been, or could in the future be, converted into Japanese yen at this or any other rate of exchange. Also, the actual effects of the merger on DoCoMo's results of operations for the year ending March 31, 2005 may vary from the expected effects described above as DoCoMo may calculate the actual effects on its results of operations using an exchange rate different from the rate utilized to calculate the expected effects described above.
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