NTT DoCoMo to Dissolve its Subsidiary
TOKYO, JAPAN, August 28, 2006 --- NTT DoCoMo, Inc. announced today that it made a decision to dissolve allucher Inc., a DoCoMo subsidiary in Japan. Details of the decision are as follows:
1. Outline of the Subsidiary
Company name: allucher Inc.
Address: 2-20-19 Akasaka, Minato-ku, Tokyo, Japan
Representative: Satoko Ohno
Business: Marketing and consulting
Date established: October 2004
Number of shares issued: 900 shares
Fiscal year-end: March 31
Number of employees: 2 (as of March 31, 2006)
Major business partner: DoCoMo, etc.
Shareholders: 96.7% owned by DoCoMo
2. Reasons for Dissolution
allucher was established under DoCoMo’s internal system to encourage employee entrepreneurship. The subsidiary has been providing marketing and consulting services on the efficient use of mobile phones for businesses, particularly firms that provide products and services for women. However, the changing business environment has made it difficult to continue business, and the subsidiary has been unable to meet its revenue and profit targets, therefore the decision was made to dissolve the company.
The liquidation is expected to be completed in January 2007.
4. Impact on DoCoMo’s Results of Operations
The dissolution is not expected to have significant impact on DoCoMo’s consolidated or non-consolidated results of operations. The dissolution does not affect the forecast of DoCoMo’s results of operations for the fiscal year ending March 31, 2007.
About NTT DoCoMo
NTT DoCoMo is the world’s leading mobile communications company. DoCoMo serves more than 51 million customers, of which more than half subscribe to FOMA™, launched as the world’s first 3G mobile service based on W-CDMA in 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world’s most popular mobile e-mail/Internet service, used by more than 46 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges.
For more information, visit www.nttdocomo.com.
i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
NTT DoCoMo’s FOMA service is only available to subscribers in Japan.
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