Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2009.
Commission File Number: 001-31221
Total number of pages: 13
NTT DoCoMo, Inc.
(Translation of registrants name into English)
Sanno Park Tower 11-1, Nagata-cho 2-chome
Chiyoda-ku, Tokyo 100-6150
Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Form 20-F þ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if
submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if
submitted to furnish a report or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrants home country), or under the rules of the home
country exchange on which the registrants securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been distributed to the
registrants security holders, and, if discussing a material event, has already been the subject of
a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-
Information furnished in this form:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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NTT DoCoMo, Inc.
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Date: February 4, 2009 |
By: |
/s/ OSAMU HIROKADO
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Osamu Hirokado |
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Head of Investor Relations |
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NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
DECEMBER 31, 2008 and MARCH 31, 2008
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Millions of yen |
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December 31, 2008 |
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March 31, 2008 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
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¥ |
501,131 |
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¥ |
646,905 |
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Short-term investments |
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28,163 |
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52,208 |
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Accounts receivable |
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988,364 |
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686,673 |
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Allowance for doubtful accounts |
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(13,633 |
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(15,037 |
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Inventories |
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167,625 |
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146,584 |
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Deferred tax assets |
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84,559 |
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108,037 |
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Prepaid expenses and other current assets |
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179,568 |
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142,410 |
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Total current assets |
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1,935,777 |
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1,767,780 |
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Property, plant and equipment: |
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Wireless telecommunications equipment |
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5,384,226 |
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5,346,486 |
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Buildings and structures |
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807,713 |
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797,904 |
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Tools, furniture and fixtures |
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529,000 |
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536,718 |
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Land |
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199,141 |
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198,958 |
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Construction in progress |
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116,336 |
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128,042 |
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Accumulated depreciation and amortization |
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(4,302,350 |
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(4,173,501 |
) |
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Total property, plant and equipment, net |
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2,734,066 |
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2,834,607 |
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Non-current investments and other assets: |
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Investments in affiliates |
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364,543 |
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349,488 |
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Marketable securities and other investments |
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150,459 |
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187,361 |
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Intangible assets, net |
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551,044 |
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555,259 |
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Goodwill |
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157,176 |
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158,889 |
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Other assets |
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283,355 |
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234,047 |
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Deferred tax assets |
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205,201 |
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123,403 |
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Total non-current investments and other assets |
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1,711,778 |
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1,608,447 |
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Total assets |
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¥ |
6,381,621 |
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¥ |
6,210,834 |
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LIABILITIES, MINORITY INTERESTS
AND SHAREHOLDERS EQUITY |
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Current liabilities: |
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Current portion of long-term debt |
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¥ |
15,000 |
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¥ |
75,662 |
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Short-term borrowings |
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61,898 |
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1,712 |
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Accounts payable, trade |
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613,221 |
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717,453 |
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Accrued payroll |
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40,187 |
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53,538 |
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Accrued interest |
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1,241 |
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710 |
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Accrued income taxes |
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172,295 |
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203,645 |
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Other current liabilities |
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175,379 |
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181,595 |
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Total current liabilities |
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1,079,221 |
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1,234,315 |
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Long-term liabilities: |
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Long-term debt (exclusive of current portion) |
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564,895 |
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401,090 |
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Liability for employees retirement benefits |
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123,733 |
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116,888 |
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Other long-term liabilities |
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237,177 |
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180,757 |
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Total long-term liabilities |
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925,805 |
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698,735 |
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Total liabilities |
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2,005,026 |
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1,933,050 |
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Minority interests |
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1,541 |
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1,288 |
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Shareholders equity: |
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Common stock |
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949,680 |
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949,680 |
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Additional paid-in capital |
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948,571 |
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948,571 |
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Retained earnings |
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3,027,680 |
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2,793,814 |
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Accumulated other comprehensive income (loss) |
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(33,052 |
) |
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410 |
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Treasury stock, at cost |
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(517,825 |
) |
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(415,979 |
) |
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Total shareholders equity |
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4,375,054 |
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4,276,496 |
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Commitments and contingencies |
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Total liabilities, minority interests and shareholders equity |
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¥ |
6,381,621 |
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¥ |
6,210,834 |
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See accompanying notes to consolidated financial statements (unaudited).
1
NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
AND COMPREHENSIVE INCOME (UNAUDITED)
NINE MONTHS ENDED DECEMBER 31, 2008
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Millions of yen |
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Nine months ended |
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December 31, 2008 |
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Operating revenues: |
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Wireless services |
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¥ |
2,911,115 |
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Equipment sales |
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467,645 |
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Total operating revenues |
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3,378,760 |
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Operating expenses: |
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Cost of services (exclusive of items shown separately below) |
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633,082 |
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Cost of equipment sold (exclusive of items shown separately below) |
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621,201 |
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Depreciation and amortization |
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582,300 |
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Selling, general and administrative |
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795,392 |
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Total operating expenses |
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2,631,975 |
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Operating income |
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746,785 |
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Other income (expense): |
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Interest expense |
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(3,566 |
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Interest income |
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1,673 |
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Other, net |
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(35,499 |
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Total other income (expense) |
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(37,392 |
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Income before income taxes, equity in net income of affiliates and minority interests |
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709,393 |
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Income taxes: |
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Current |
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324,721 |
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Deferred |
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(45,305 |
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Total income taxes |
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279,416 |
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Income before equity in net income of affiliates and minority interests |
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429,977 |
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Equity in net income of affiliates, net of applicable taxes |
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7,748 |
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Minority interests |
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(20 |
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Net income |
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¥ |
437,705 |
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Other comprehensive income (loss): |
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Unrealized holding losses on available-for-sale securities, net of applicable taxes |
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(7,506 |
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Net revaluation of financial instruments, net of applicable taxes |
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(212 |
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Foreign currency translation adjustment, net of applicable taxes |
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(25,269 |
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Pension liability adjustment, net of applicable taxes |
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(475 |
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Comprehensive income |
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¥ |
404,243 |
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PER SHARE DATA |
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Weighted average common shares outstanding Basic and Diluted (shares) |
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42,341,664 |
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Basic and Diluted earnings per share (yen) |
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¥ |
10,337.45 |
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See accompanying notes to consolidated financial statements (unaudited).
2
NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
AND COMPREHENSIVE INCOME (UNAUDITED)
THREE MONTHS ENDED DECEMBER 31, 2008
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Millions of yen |
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Three months ended |
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December 31, 2008 |
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Operating revenues: |
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Wireless services |
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¥ |
962,575 |
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Equipment sales |
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148,401 |
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Total operating revenues |
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1,110,976 |
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Operating expenses: |
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Cost of services (exclusive of items shown separately below) |
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219,350 |
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Cost of equipment sold (exclusive of items shown separately below) |
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213,174 |
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Depreciation and amortization |
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233,913 |
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Selling, general and administrative |
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274,700 |
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Total operating expenses |
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941,137 |
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Operating income |
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169,839 |
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Other income (expense): |
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Interest expense |
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(1,168 |
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Interest income |
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628 |
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Other, net |
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(20,062 |
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Total other income (expense) |
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(20,602 |
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Income before income taxes, equity in net income of affiliates and minority interests |
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149,237 |
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Income taxes: |
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Current |
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90,889 |
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Deferred |
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(30,869 |
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Total income taxes |
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60,020 |
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Income before equity in net income of affiliates and minority interests |
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89,217 |
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Equity in net income of affiliates, net of applicable taxes |
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1,827 |
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Minority interests |
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2 |
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Net income |
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¥ |
91,046 |
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Other comprehensive income (loss): |
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Unrealized holding losses on available-for-sale securities, net of applicable taxes |
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(1,560 |
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Net revaluation of financial instruments, net of applicable taxes |
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(53 |
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Foreign currency translation adjustment, net of applicable taxes |
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(8,599 |
) |
Pension liability adjustment, net of applicable taxes |
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(113 |
) |
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Comprehensive income |
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¥ |
80,721 |
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PER SHARE DATA |
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Weighted average common shares outstanding Basic and Diluted (shares) |
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42,212,938 |
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Basic and Diluted earnings per share (yen) |
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¥ |
2,156.83 |
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See accompanying notes to consolidated financial statements (unaudited).
3
NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
NINE MONTHS ENDED DECEMBER 31, 2008
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Millions of yen |
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Nine months ended |
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December 31, 2008 |
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Cash flows from operating activities: |
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Net income |
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¥ |
437,705 |
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Adjustments
to reconcile net income to net cash provided by operating
activities |
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Depreciation and amortization |
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582,300 |
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Deferred taxes |
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(40,578 |
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Loss on sale or disposal of property, plant and equipment |
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24,667 |
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Other than temporary impairment of marketable securities and other investments |
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28,648 |
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Equity in net income of affiliates |
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(13,009 |
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Minority interests |
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20 |
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Changes in assets and liabilities: |
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(Increase) in accounts receivable |
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(301,659 |
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(Decrease) in allowance for doubtful accounts |
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(1,408 |
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(Increase) in inventories |
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(20,963 |
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(Increase) in prepaid expenses and other current assets |
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(18,307 |
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(Increase) in installment receivables for handsets (non-current) |
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(51,091 |
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(Decrease) in accounts payable, trade |
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(31,163 |
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(Decrease) in accrued income taxes |
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(31,350 |
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(Decrease) in other current liabilities |
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(6,440 |
) |
Increase in liability for employees retirement benefits |
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6,845 |
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Increase in other long-term liabilities |
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51,969 |
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Other, net |
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11,941 |
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Net cash provided by operating activities |
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628,127 |
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Cash flows from investing activities: |
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Purchases of property, plant and equipment |
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(415,247 |
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Purchases of intangible and other assets |
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(176,659 |
) |
Purchases of non-current investments |
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(50,212 |
) |
Proceeds from sale of non-current investments |
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568 |
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Purchases of short-term investments |
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(30,736 |
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Redemption of short-term investments |
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4,593 |
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Proceeds from redemption of long-term bailment for consumption to a related party |
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50,000 |
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Other, net |
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(7,270 |
) |
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Net cash used in investing activities |
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(624,963 |
) |
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Cash flows from financing activities: |
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Proceeds from long-term debt |
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179,913 |
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Repayment of long-term debt |
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(77,441 |
) |
Proceeds from short-term borrowings |
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62,074 |
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Repayment of short-term borrowings |
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(1,958 |
) |
Principal payments under capital lease obligations |
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(2,098 |
) |
Payments to acquire treasury stock |
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(101,846 |
) |
Dividends paid |
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(203,839 |
) |
Other, net |
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(3 |
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Net cash used in financing activities |
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(145,198 |
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Effect of exchange rate changes on cash and cash equivalents |
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(3,740 |
) |
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Net (decrease) in cash and cash equivalents |
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(145,774 |
) |
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Cash and cash equivalents at beginning of period |
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646,905 |
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Cash and cash equivalents at end of period |
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¥ |
501,131 |
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Supplemental disclosures of cash flow information: |
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Cash received during the period for: |
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Income taxes |
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¥ |
21,430 |
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Cash paid during the period for: |
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Interest, net of amount capitalized |
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|
3,035 |
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Income taxes |
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|
380,352 |
|
See accompanying notes to consolidated financial statements (unaudited).
4
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
1. Basis of Presentation:
The accompanying quarterly consolidated financial statements of NTT DoCoMo, Inc. and its
subsidiaries (the Company or DOCOMO) were prepared in accordance with accounting principles
generally accepted in the United States of America (U.S. GAAP). Since DOCOMOs American
Depositary Shares were listed on the New York Stock Exchange in March 2002, DOCOMO has prepared its
consolidated financial statements pursuant to the terminology, forms and preparation methods
required in order to issue American Depositary Shares, which are registered with the Securities and
Exchange Commission of the United States of America.
2. Summary of significant accounting and reporting policies:
(1) Adoption of a new accounting standard
Fair Value Measurements
Effective April 1, 2008, DOCOMO adopted Financial Accounting Standards Board (FASB)
Statement (SFAS) No. 157 Fair Value Measurements. SFAS No. 157 defines fair value, establishes
a framework for measuring fair value in generally accepted accounting principles and expands
disclosures about fair value measurements. Although the definition of fair value retains the
exchange price notion in earlier definitions of fair value, SFAS No. 157 clarifies that the
exchange price is the price in an orderly transaction between market participants to sell the asset
or transfer the liability in the market and emphasizes that fair value is a market-based
measurement, rather than an entity-specific measurement. SFAS No. 157 also expands disclosures
about the use of fair value to measure assets and liabilities subsequent to initial recognition
through fair value hierarchy as a framework for measurement. The initial adoption of SFAS No. 157
did not have a material impact on DOCOMOs results of operations and financial position. The
disclosure required by SFAS No. 157 was omitted.
(2) Change in Accounting Estimate
Effective October 1, 2008, DOCOMO decreased the estimated useful lives of our long lived
assets related to our 2G mova mobile phone services. This change in accounting estimate was due to
the scheduled termination of mova services on March 31, 2012. As mova subscribers have been
steadily migrating to DOCOMOs 3G service, FOMA, the Company has decided to discontinue mova
services and concentrate on FOMA services. The change resulted in a decrease of ¥46,842 million in
Income before income taxes, equity in net income of affiliates and minority interests, ¥27,684
million in Net income and ¥655.82 in Basic and Diluted earnings per share in the accompanying
consolidated statement of income and comprehensive income for the three months ended December 31,
2008, in accordance with SFAS No. 154,Accounting Changes and Error Corrections, a replacement of
Accounting Principles Board (APB) Opinion No. 20 and FASB Statement No. 3. Prior periods have not
been adjusted for this change.
5
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued)
3. Shareholders equity:
Effective May 1, 2006, the Corporate Law of Japan provides that (i) dividends of earnings
require approval at a general meeting of shareholders, (ii) interim cash dividends can be
distributed upon the approval of the board of directors, if the Articles of Incorporation provide
for such interim cash dividends and (iii) an amount equal to at least 10% of decrease in retained
earnings by dividends payment be appropriated from retained earnings to a legal reserve up to 25%
of capital stock. The legal reserve is available for distribution upon approval of the
shareholders.
In the general meeting of shareholders held on June 20, 2008, the shareholders approved cash
dividends of ¥102,307 million or ¥2,400 per share, payable to shareholders of record as of
March 31, 2008, which were declared by the board of directors on April 25, 2008. The source of
dividends was Retained Earnings. DOCOMO started to pay the dividends on June 23, 2008.
On October 31, 2008, the board of directors declared cash dividends of ¥101,532 million or
¥2,400 per share, payable to shareholders of record as of September 30, 2008. The source of
dividends was Retained Earnings. DOCOMO started to pay the dividends on November 21, 2008.
Issued shares and Treasury stock
The changes in the number of issued shares and treasury stock for the nine months ended
December 31, 2008 are summarized as follows, where fractional shares are rounded off:
|
|
|
|
|
|
|
|
|
|
|
Number of issued |
|
|
Number of treasury |
|
|
|
shares |
|
|
stock |
|
As of March 31, 2008 |
|
|
44,870,000 |
|
|
|
2,242,073 |
|
|
|
|
|
|
|
|
Acquisition of treasury stock
based on the resolution by the
general meeting of shareholders |
|
|
|
|
|
|
311,322 |
|
Acquisition of treasury stock at
the request of dissenting
shareholders against the merger |
|
|
|
|
|
|
11,711 |
|
Acquisition of fractional shares |
|
|
|
|
|
|
4 |
|
|
|
|
|
|
|
|
As of September 30, 2008 |
|
|
44,870,000 |
|
|
|
2,565,110 |
|
|
|
|
|
|
|
|
Acquisition of treasury stock
based on the resolution by the
general meeting of shareholders |
|
|
|
|
|
|
306,189 |
|
|
|
|
|
|
|
|
As of December 31, 2008 |
|
|
44,870,000 |
|
|
|
2,871,299 |
|
|
|
|
|
|
|
|
DOCOMO has not issued shares other than shares of its common stock.
In the general meeting of shareholders held on June 20, 2008, the shareholders approved a
stock repurchase plan under which DOCOMO could repurchase up to 900,000 shares at an aggregate
amount not to exceed ¥150,000 million during the year started June 21, 2008 in order to improve
capital efficiency and to implement flexible capital policies in accordance with the business
environment.
DOCOMO acquired treasury stock at the request of dissenting shareholders, made pursuant to
paragraph (1) of Article 797 of the Corporate Law of Japan, against the merger under which our
regional subsidiaries were dissolved and merged into the Company as of July 1, 2008.
Effective August 1, 2008, we abolished the fractional share system.
6
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued)
Aggregate number and price of shares repurchased for the nine months and three months ended
December 31, 2008 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Share/Millions of yen |
|
|
|
Nine months ended |
|
|
Three months ended |
|
|
|
December 31, 2008 |
|
|
December 31, 2008 |
|
Aggregate number of shares
repurchased |
|
629,226 shares |
|
306,189 shares |
Aggregate price of shares repurchased |
|
¥ |
101,846 |
|
|
¥ |
49,997 |
|
Per share data
Per share data is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
Yen |
|
|
|
Nine months ended |
|
|
Three months ended |
|
|
|
December 31, 2008 |
|
|
December 31, 2008 |
|
|
|
|
|
|
|
|
|
|
Basic and Diluted earnings per share |
|
¥ |
10,337.45 |
|
|
¥ |
2,156.83 |
|
|
|
|
|
|
|
|
|
|
|
|
Yen |
|
|
|
December 31, 2008 |
|
|
March 31, 2008 |
|
|
|
|
|
|
|
|
|
|
Shareholders equity per share |
|
¥ |
104,171.17 |
|
|
¥ |
100,321.46 |
|
4. Segment reporting:
From a resource allocation perspective, DOCOMO views itself as having two business segments.
The mobile phone business segment includes FOMA services, mova services, packet communications
services, satellite mobile communications services, international services and the equipment sales
related to these services. The miscellaneous businesses segment includes high-speed internet
connection and video-clip casting services for hotel facilities, advertisement services,
development, sales and maintenance of IT systems, credit services and other miscellaneous services,
which in the aggregate are not significant in amount. DOCOMO terminated its PHS services on January
7, 2008.
DOCOMO identifies its reportable segments based on the nature of services included, as well as
the characteristics of the telecommunications networks used to provide those services. DOCOMOs
management monitors and evaluates the performance of its segments based on the information that
follows as derived from the Companys management reports. Segment information is prepared in
accordance with U.S. GAAP.
7
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued)
Segment information for the three months and nine months ended December 31, 2008 was as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
Three months ended |
|
Mobile phone |
|
|
Miscellaneous |
|
|
|
|
December 31, 2008 |
|
business |
|
|
businesses |
|
|
Consolidated |
|
Operating revenues |
|
¥ |
1,095,723 |
|
|
¥ |
15,253 |
|
|
¥ |
1,110,976 |
|
Operating expenses |
|
|
920,388 |
|
|
|
20,749 |
|
|
|
941,137 |
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
¥ |
175,335 |
|
|
¥ |
(5,496 |
) |
|
¥ |
169,839 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
Nine months ended |
|
Mobile phone |
|
|
Miscellaneous |
|
|
|
|
December 31, 2008 |
|
business |
|
|
businesses |
|
|
Consolidated |
|
Operating revenues |
|
¥ |
3,332,214 |
|
|
¥ |
46,546 |
|
|
¥ |
3,378,760 |
|
Operating expenses |
|
|
2,569,306 |
|
|
|
62,669 |
|
|
|
2,631,975 |
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
¥ |
762,908 |
|
|
¥ |
(16,123 |
) |
|
¥ |
746,785 |
|
|
|
|
|
|
|
|
|
|
|
DOCOMO does not disclose geographical segments, since operating revenues generated outside
Japan are immaterial.
5. Contingencies:
Litigation
As of December 31, 2008, DOCOMO had no litigation or claims outstanding, pending or threatened
against which in the opinion of management would have a materially adverse effect on its results of
operations or financial position.
Guarantees
DOCOMO applied FASB Interpretation (FIN) No. 45 Guarantors Accounting and Disclosure
Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others (FIN 45).
FIN 45 requires that if a company issues or modifies a guarantee, the company must recognize an
initial liability for the fair value of the obligations it has undertaken and must disclose that
information in its financial statements.
DOCOMO enters into agreements in the normal course of business that provide guarantees for
counterparties. These counterparties include subscribers, related parties, foreign wireless
telecommunications service providers and other business partners. While most of the guarantees
provided for subscribers relate to product defects of cellular phone handsets sold by DOCOMO,
DOCOMO is provided with similar guarantees by the handset vendors. Though the guarantees or
indemnifications provided in transactions other than those with the subscribers are different in
each contract, the likelihood of almost all of the performance of these guarantees or
indemnifications is remote and the amount of payments that could be claimed against DOCOMO is not
specified in almost all of the contracts. Historically, DOCOMO has not made any significant
guarantee or indemnification payments under such agreements. DOCOMO estimates the fair value of the
obligations related to these agreements is not significant. Accordingly, no liabilities were
recognized for these obligations as of December 31, 2008.
8
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued)
6. Derivative financial instruments:
As of December 31, 2008, derivative financial instruments held for foreign exchange risk
management purpose are considered both as important to our operations and having changed
significantly compared to the amounts as of March 31, 2008. Financial instruments which are
designated as hedges are excluded.
The contract amounts of the derivative financial instruments as of December 31, 2008 and March
31, 2008 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
|
|
December 31, 2008 |
|
|
March 31, 2008 |
|
Foreign exchange risk management |
|
|
|
|
|
|
|
|
Non-deliverable forward contracts |
|
¥ |
244,114 |
|
|
|
|
|
Foreign exchange forward contracts |
|
|
922 |
|
|
¥ |
4,731 |
|
|
|
|
|
|
|
|
Total |
|
¥ |
245,036 |
|
|
¥ |
4,731 |
|
|
|
|
|
|
|
|
On November 12, 2008, DOCOMO entered into an agreement with Tata Sons Limited, the prime
promoter for Tata companies, and Tata Teleservices Limited (TTSL), under which DOCOMO will acquire
26 percent of TTSLs common shares for approximately 130.7 billion Indian rupees. DOCOMO entered
into non-deliverable forward contracts to manage foreign exchange risks associated with this
investment.
The gains or losses of the derivative financial instruments for the nine months and three
months ended December 31, 2008, recorded as Other, net in Other income (expense) in the
accompanying consolidated statements of income and comprehensive income, were as follows:
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
|
|
Nine months ended |
|
|
Three months ended |
|
|
|
December 31, 2008 |
|
|
December 31, 2008 |
|
Foreign exchange risk management |
|
|
|
|
|
|
|
|
Non-deliverable forward contracts |
|
¥ |
(13,975 |
) |
|
¥ |
(13,975 |
) |
Foreign exchange forward contracts |
|
|
6 |
|
|
|
6 |
|
|
|
|
|
|
|
|
Total |
|
¥ |
(13,969 |
) |
|
¥ |
(13,969 |
) |
|
|
|
|
|
|
|
9
NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued)
The locations and carrying amounts of the derivative financial instruments as of December 31,
2008 and March 31, 2008, recorded in the accompanying consolidated balance sheets, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
|
|
|
|
|
|
December 31, 2008 |
|
|
March 31, 2008 |
|
Assets derivatives |
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange risk management |
|
|
|
|
|
|
|
|
|
|
Instruments |
|
Locations |
|
|
|
|
|
|
|
|
|
|
Non-deliverable |
|
Prepaid expenses and |
|
|
|
|
|
|
|
|
|
|
forward
contracts |
|
other
current assets |
|
|
|
|
|
|
|
|
|
|
Foreign exchange |
|
Prepaid expenses and |
|
|
|
|
|
|
|
|
|
|
forward
contracts |
|
other
current assets |
|
¥ |
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total | |
|
|
|
¥ |
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Millions of yen |
|
|
|
|
|
|
|
December 31, 2008 |
|
|
March 31, 2008 |
|
Liability derivatives |
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange risk management |
|
|
|
|
|
|
|
|
|
|
Instruments |
|
Locations |
|
|
|
|
|
|
|
|
|
|
Non-deliverable |
|
|
|
|
|
|
|
|
|
|
|
|
forward
contracts |
|
Other current liabilities |
|
¥ |
13,975 |
|
|
|
|
|
|
|
Foreign exchange |
|
|
|
|
|
|
|
|
|
|
|
|
forward
contracts |
|
Other current liabilities |
|
|
|
|
|
¥ |
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
¥ |
13,975 |
|
|
¥ |
16 |
|
|
|
|
|
|
|
|
|
|
|
|
Our carrying amounts of the derivative financial instruments are equal to the fair values. The
fair values were obtained from counterparty financial institutions and represent the amount that
DOCOMO could have settled with counterparties to terminate the transactions as of December 31, 2008
and March 31, 2008.
7. Subsequent event:
There was no significant subsequent event to be disclosed.
10