NTT DoCoMo, Inc. |
||||
Date: October 30, 2009 | By: | /s/ OSAMU HIROKADO | ||
Osamu Hirokado | ||||
Head of Investor Relations |
Financial Statements
|
October 30, 2009 | |
For the Six Months Ended September 30, 2009
|
[U.S. GAAP] |
Name of registrant:
|
NTT DoCoMo, Inc. (URL http://www.nttdocomo.co.jp/) | |
Code No.:
|
9437 | |
Stock exchange on which the Companys shares are listed:
|
Tokyo Stock Exchange-First Section | |
Representative:
|
Ryuji Yamada, Representative Director, President and Chief Executive Officer | |
Contact:
|
Ken Takeuchi, Senior Manager, General Affairs Department / TEL +81-3-5156-1111 | |
Scheduled date for filing of quarterly report:
|
November 4, 2009 | |
Scheduled date for dividend payment:
|
November 20, 2009 |
(1) | Consolidated Results of Operations |
(Millions of yen) | ||||||||||||||||||||||||
Income before | ||||||||||||||||||||||||
Operating Revenues | Operating Income | Income Taxes | ||||||||||||||||||||||
Six months ended September 30, 2009 |
2,145,807 | (5.4 | )% | 485,223 | (15.9 | )% | 479,881 | (14.3 | )% | |||||||||||||||
Six months ended September 30, 2008 |
2,267,784 | | 576,946 | | 560,156 | |
(2) | Consolidated Financial Position |
(Millions of yen, except per share amounts) | ||||||||||||||||
Equity Ratio | NTT DoCoMo, Inc. | |||||||||||||||
NTT DoCoMo, Inc. | (Ratio of NTT DoCoMo, Inc. | Shareholders Equity | ||||||||||||||
Total Assets | Shareholders Equity | Shareholders Equity to Total Assets) | per Share | |||||||||||||
September 30, 2009 |
6,501,764 | 4,552,099 | 70.0 | % | 109,006.71 (yen) | |||||||||||
March 31, 2009 |
6,488,220 | 4,341,585 | 66.9 | % | 103,965.64 (yen) |
Cash dividends per share (yen) | ||||||||||||||||||||
End of the first | End of the second | End of the third | ||||||||||||||||||
quarter | quarter | quarter | Year-end | Total | ||||||||||||||||
Year ended March 31, 2009 |
| 2,400.00 | | 2,400.00 | 4,800.00 | |||||||||||||||
Year ending March 31, 2010 |
| 2,600.00 | | | | |||||||||||||||
Year ending March 31, 2010
(Forecasts) |
| | | 2,600.00 | 5,200.00 |
1
(Millions of yen) | ||||||||||||
Income before | ||||||||||||
Operating Revenues | Operating Income | Income Taxes | ||||||||||
Year ending March 31, 2010 |
4,276,000 | (3.9 | )% | 830,000 | (0.1 | )% | 825,000 | 5.7 | % |
(1) | Changes in significant consolidated subsidiaries (which resulted in changes in scope of consolidation) | None | ||||||
(2) | Application of accounting which is simplified or exceptional for quarterly consolidated financial statements | None | ||||||
(3) | Changes in significant accounting policies, procedures and presentation in quarterly consolidated financial statements | |||||||
(i) Changes due to revision of accounting standards and other regulations: | Yes | |||||||
(ii) Others: | None | |||||||
(See more information on page 13.) | ||||||||
(4) | Number of issued shares (common stock) | |||||||
(i) Number of issued shares (inclusive of treasury stock): | As of September 30, 2009: | 43,950,000 shares | ||||||
As of March 31, 2009: | 43,950,000 shares | |||||||
(ii) Number of treasury stock: | As of September 30, 2009: | 2,190,193 shares | ||||||
As of March 31, 2009: | 2,190,193 shares | |||||||
(iii) Number of weighted average common shares outstanding: | For the six months ended September 30, 2009: | 41,759,807 shares | ||||||
For the six months ended September 30, 2008: | 42,406,379 shares |
* | Explanation for forecasts of operation and other notes: |
2
(Millions of yen, except per share amounts) | ||||||||||||||||
Basic Earnings per Share | Diluted Earnings per Share | |||||||||||||||
Net Income Attributable to | Attributable to | Attributable to | ||||||||||||||
NTT DoCoMo, Inc.* | NTT DoCoMo, Inc. | NTT DoCoMo, Inc. | ||||||||||||||
Six months ended September 30, 2009 |
284,718 | (17.9 | )% | 6,817.99 (yen) | | |||||||||||
Six months ended September 30, 2008 |
346,659 | | 8,174.69 (yen) | |
(Millions of yen, except per share amounts) | ||||||||
Basic Earnings per Share | ||||||||
Net Income Attributable to | Attributable to | |||||||
NTT DoCoMo, Inc.* | NTT DoCoMo, Inc. | |||||||
Year ending March 31, 2010 |
493,000 | 4.5 | % | 11,805.61 (yen) |
* | Net Income attributable to NTT DoCoMo, Inc. is calculated in the same manner as Net income
for the fiscal year ended March 31, 2009. |
3
* | Android is a software stack which offers a free and open applications development environment. |
Notes: | 1. | Consolidated financial statements as of September 30, 2008 and 2009, and for the three
months and six months ended September 30, 2008 and 2009 in this release are unaudited. |
2. | Amounts in this release are rounded off. |
4
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues |
¥ | 1,097.5 | ¥ | 1,061.1 | ¥ | (36.5 | ) | (3.3 | )% | |||||||
Operating expenses |
817.1 | 827.6 | 10.6 | 1.3 | ||||||||||||
Operating income |
280.5 | 233.4 | (47.1 | ) | (16.8 | ) | ||||||||||
Other income (expense) |
(8.7 | ) | (1.0 | ) | 7.7 | 88.7 | ||||||||||
Income before income taxes |
271.7 | 232.4 | (39.3 | ) | (14.5 | ) | ||||||||||
Income taxes |
101.4 | 93.9 | (7.5 | ) | (7.4 | ) | ||||||||||
Equity in net income (losses) of affiliates |
2.8 | (0.5 | ) | (3.3 | ) | | ||||||||||
Net Income |
173.1 | 138.0 | (35.1 | ) | (20.3 | ) | ||||||||||
Less: Net (income) loss attributable to
noncontrolling interests |
0.0 | (0.7 | ) | (0.7 | ) | | ||||||||||
Net income attributable to NTT DoCoMo, Inc. |
¥ | 173.1 | ¥ | 137.3 | ¥ | (35.8 | ) | (20.7 | )% | |||||||
EBITDA margin* |
42.7 | % | 38.6 | % | (4.1) point | | ||||||||||
ROCE* |
5.7 | % | 4.5 | % | (1.2) point | | ||||||||||
ROCE after tax effect* |
3.4 | % | 2.7 | % | (0.7) point | | ||||||||||
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues |
¥ | 2,267.8 | ¥ | 2,145.8 | ¥ | (122.0 | ) | (5.4 | )% | |||||||
Operating expenses |
1,690.8 | 1,660.6 | (30.3 | ) | (1.8 | ) | ||||||||||
Operating income |
576.9 | 485.2 | (91.7 | ) | (15.9 | ) | ||||||||||
Other income (expense) |
(16.8 | ) | (5.3 | ) | 11.4 | 68.2 | ||||||||||
Income before income taxes |
560.2 | 479.9 | (80.3 | ) | (14.3 | ) | ||||||||||
Income taxes |
219.4 | 194.1 | (25.3 | ) | (11.5 | ) | ||||||||||
Equity in net income (losses) of affiliates |
5.9 | 0.3 | (5.6 | ) | (95.1 | ) | ||||||||||
Net Income |
346.7 | 286.1 | (60.6 | ) | (17.5 | ) | ||||||||||
Less: Net (income) loss attributable to
noncontrolling interests |
(0.0 | ) | (1.3 | ) | (1.3 | ) | | |||||||||
Net income attributable to NTT DoCoMo, Inc. |
¥ | 346.7 | ¥ | 284.7 | ¥ | (61.9 | ) | (17.9 | )% | |||||||
EBITDA margin* |
41.4 | % | 39.0 | % | (2.4) point | | ||||||||||
ROCE* |
11.9 | % | 9.6 | % | (2.3) point | | ||||||||||
ROCE after tax effect* |
7.0 | % | 5.7 | % | (1.3) point | | ||||||||||
* | EBITDA and EBITDA margin, as we use them in this earnings release, are different
from EBITDA as used in Item 10(e) of Regulation S-K and may not be comparable to
similarly titled measures used by other companies. For an explanation of our definitions
of EBITDA, EBITDA margin, ROCE and ROCE after tax effect, see Reconciliations of the
Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial
Measures on page 21. |
5
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Wireless services |
¥ | 971.1 | ¥ | 951.5 | ¥ | (19.6 | ) | (2.0 | )% | |||||||
Cellular services revenues |
935.5 | 884.3 | (51.2 | ) | (5.5 | ) | ||||||||||
- Voice revenues |
555.1 | 487.6 | (67.4 | ) | (12.1 | ) | ||||||||||
Including: FOMA services |
482.2 | 453.8 | (28.4 | ) | (5.9 | ) | ||||||||||
- Packet communications revenues |
380.4 | 396.6 | 16.2 | 4.3 | ||||||||||||
Including: FOMA services |
363.2 | 388.4 | 25.2 | 6.9 | ||||||||||||
Other revenues |
35.6 | 67.2 | 31.6 | 88.7 | ||||||||||||
Equipment sales |
126.5 | 109.6 | (16.9 | ) | (13.3 | ) | ||||||||||
Total operating revenues |
¥ | 1,097.5 | ¥ | 1,061.1 | ¥ | (36.5 | ) | (3.3 | )% | |||||||
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Wireless services |
¥ | 1,948.5 | ¥ | 1,893.3 | ¥ | (55.3 | ) | (2.8 | )% | |||||||
Cellular services revenues |
1,871.9 | 1,766.2 | (105.7 | ) | (5.6 | ) | ||||||||||
- Voice revenues |
1,125.4 | 978.3 | (147.1 | ) | (13.1 | ) | ||||||||||
Including: FOMA services |
968.9 | 904.2 | (64.7 | ) | (6.7 | ) | ||||||||||
- Packet communications revenues |
746.5 | 787.9 | 41.4 | 5.5 | ||||||||||||
Including: FOMA services |
710.9 | 769.9 | 59.0 | 8.3 | ||||||||||||
Other revenues |
76.7 | 127.1 | 50.4 | 65.8 | ||||||||||||
Equipment sales |
319.2 | 252.5 | (66.7 | ) | (20.9 | ) | ||||||||||
Total operating revenues |
¥ | 2,267.8 | ¥ | 2,145.8 | ¥ | (122.0 | ) | (5.4 | )% | |||||||
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Personnel expenses |
¥ | 63.4 | ¥ | 62.5 | ¥ | (1.0 | ) | (1.5 | )% | |||||||
Non-personnel expenses |
467.3 | 498.2 | 30.9 | 6.6 | ||||||||||||
Depreciation and amortization |
179.9 | 168.8 | (11.1 | ) | (6.2 | ) | ||||||||||
Loss on disposal of
property, plant and
equipment and intangible
assets |
12.7 | 10.4 | (2.3 | ) | (18.2 | ) | ||||||||||
Communication network charges |
83.5 | 78.1 | (5.4 | ) | (6.5 | ) | ||||||||||
Taxes and public dues |
10.3 | 9.7 | (0.6 | ) | (5.7 | ) | ||||||||||
Total operating expenses |
¥ | 817.1 | ¥ | 827.6 | ¥ | 10.6 | 1.3 | % | ||||||||
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Personnel expenses |
¥ | 126.7 | ¥ | 126.8 | ¥ | 0.2 | 0.1 | % | ||||||||
Non-personnel expenses |
1,011.3 | 1,001.9 | (9.4 | ) | (0.9 | ) | ||||||||||
Depreciation and amortization |
348.4 | 337.8 | (10.6 | ) | (3.0 | ) | ||||||||||
Loss on disposal of
property, plant and
equipment and intangible
assets |
18.7 | 18.6 | (0.1 | ) | (0.5 | ) | ||||||||||
Communication network charges |
165.8 | 155.8 | (10.0 | ) | (6.0 | ) | ||||||||||
Taxes and public dues |
20.0 | 19.6 | (0.4 | ) | (2.0 | ) | ||||||||||
Total operating expenses |
¥ | 1,690.8 | ¥ | 1,660.6 | ¥ | (30.3 | ) | (1.8 | )% | |||||||
6
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Thousand subscriptions | ||||||||||||||||
Increase | ||||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Cellular services |
53,937 | 55,186 | 1,250 | 2.3 | % | |||||||||||
Cellular (FOMA) services |
46,444 | 51,258 | 4,814 | 10.4 | ||||||||||||
Including: i-channel services |
16,044 | 16,692 | 648 | 4.0 | ||||||||||||
Including: i-concier services |
| 2,337 | | | ||||||||||||
Including: flat-rate services for
unlimited i-mode usage |
13,949 | 21,519 | 7,570 | 54.3 | ||||||||||||
Cellular (mova) services |
7,493 | 3,928 | (3,565 | ) | (47.6 | ) | ||||||||||
i-mode services |
48,069 | 48,670 | 601 | 1.3 |
Notes: | 1. | Number of subscriptions of Cellular services and Cellular (FOMA) services includes
Communication Module services subscriptions. |
2. | Effective March 3, 2008, FOMA services subscription became mandatory for subscription to
2in1* service. Such FOMA services subscriptions to 2in1 services are included in the
above numbers of Cellular services subscriptions and Cellular (FOMA) services
subscriptions. |
|
3. | Number of subscriptions to flat-rate services for unlimited i-mode usage = Pake-hodai
subscriptions + Pake-hodai full subscriptions + Pake-hodai double subscriptions
|
|
4. | Number of i-mode subscriptions = Cellular (FOMA) i-mode subscriptions + Cellular (mova)
i-mode subscriptions |
* | 2in1 refers to an optional network service which enables a subscriber to
subscribe to an additional phone number and an e-mail address for a single compatible
handset. |
7
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Thousand units | ||||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Cellular services |
5,318 | 4,464 | (854 | ) | (16.1 | )% | ||||||||||
Cellular (FOMA) services |
||||||||||||||||
New FOMA subscription |
1,118 | 1,071 | (47 | ) | (4.2 | ) | ||||||||||
Change of subscription from mova to FOMA |
796 | 587 | (209 | ) | (26.2 | ) | ||||||||||
FOMA handset upgrade by FOMA subscribers |
3,370 | 2,800 | (569 | ) | (16.9 | ) | ||||||||||
Cellular (mova) services |
||||||||||||||||
New mova subscription |
23 | 4 | (18 | ) | (82.1 | ) | ||||||||||
mova handset upgrade by mova subscribers
and change of subscription from FOMA to mova |
12 | 2 | (10 | ) | (84.5 | ) | ||||||||||
Churn Rate |
0.52 | % | 0.46 | % | (0.06) point | |
Thousand units | ||||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Cellular services |
10,265 | 8,808 | (1,457 | ) | (14.2 | )% | ||||||||||
Cellular (FOMA) services |
||||||||||||||||
New FOMA subscription |
2,157 | 2,057 | (100 | ) | (4.6 | ) | ||||||||||
Change of subscription from mova to FOMA |
1,632 | 1,400 | (232 | ) | (14.2 | ) | ||||||||||
FOMA handset upgrade by FOMA subscribers |
6,402 | 5,339 | (1,063 | ) | (16.6 | ) | ||||||||||
Cellular (mova) services |
||||||||||||||||
New mova subscription |
45 | 8 | (37 | ) | (82.6 | ) | ||||||||||
mova handset upgrade by mova subscribers
and change of subscription from FOMA to mova |
29 | 4 | (25 | ) | (85.5 | ) | ||||||||||
Churn Rate |
0.51 | % | 0.45 | % | (0.06) point | |
8
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Yen/Minutes | ||||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Aggregate ARPU* (FOMA+mova) |
¥ | 5,860 | ¥ | 5,420 | ¥ | (440 | ) | (7.5 | )% | |||||||
Voice ARPU |
3,450 | 2,970 | (480 | ) | (13.9 | ) | ||||||||||
Packet ARPU |
2,410 | 2,450 | 40 | 1.7 | ||||||||||||
Aggregate ARPU (FOMA) |
6,180 | 5,560 | (620 | ) | (10.0 | ) | ||||||||||
Voice ARPU |
3,500 | 2,970 | (530 | ) | (15.1 | ) | ||||||||||
Packet ARPU |
2,680 | 2,590 | (90 | ) | (3.4 | ) | ||||||||||
Aggregate ARPU (mova) |
3,820 | 3,500 | (320 | ) | (8.4 | ) | ||||||||||
Voice ARPU |
3,120 | 2,890 | (230 | ) | (7.4 | ) | ||||||||||
i-mode ARPU |
700 | 610 | (90 | ) | (12.9 | ) | ||||||||||
MOU* (FOMA+mova) (minutes) |
138 | 137 | (1 | ) | (0.7 | )% |
Yen/Minutes | ||||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Aggregate ARPU* (FOMA+mova) |
¥ | 5,870 | ¥ | 5,430 | ¥ | (440 | ) | (7.5 | )% | |||||||
Voice ARPU |
3,510 | 2,990 | (520 | ) | (14.8 | ) | ||||||||||
Packet ARPU |
2,360 | 2,440 | 80 | 3.4 | ||||||||||||
Aggregate ARPU (FOMA) |
6,220 | 5,590 | (630 | ) | (10.1 | ) | ||||||||||
Voice ARPU |
3,560 | 2,990 | (570 | ) | (16.0 | ) | ||||||||||
Packet ARPU |
2,660 | 2,600 | (60 | ) | (2.3 | ) | ||||||||||
Aggregate ARPU (mova) |
3,860 | 3,530 | (330 | ) | (8.5 | ) | ||||||||||
Voice ARPU |
3,170 | 2,920 | (250 | ) | (7.9 | ) | ||||||||||
i-mode ARPU |
690 | 610 | (80 | ) | (11.6 | ) | ||||||||||
MOU* (FOMA+mova) (minutes) |
138 | 136 | (2 | ) | (1.4 | )% |
* | See Definition and
Calculation Methods of ARPU and MOU on page 20 for details of
definitions and calculation methods of ARPU and MOU. |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues from mobile phone business |
¥ | 1,081.7 | ¥ | 1,031.1 | ¥ | (50.6 | ) | (4.7 | )% | |||||||
Operating income from mobile phone business |
286.6 | 234.3 | (52.3 | ) | (18.2 | ) |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues from mobile phone business |
¥ | 2,236.5 | ¥ | 2,089.0 | ¥ | (147.5 | ) | (6.6 | )% | |||||||
Operating income from mobile phone business |
587.6 | 489.5 | (98.1 | ) | (16.7 | ) |
9
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues from miscellaneous businesses |
¥ | 15.8 | ¥ | 29.9 | ¥ | 14.1 | 89.1 | % | ||||||||
Operating loss from miscellaneous businesses |
(6.1 | ) | (0.9 | ) | 5.2 | 85.8 |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Operating revenues from miscellaneous businesses |
¥ | 31.3 | ¥ | 56.8 | ¥ | 25.5 | 81.4 | % | ||||||||
Operating loss from miscellaneous businesses |
(10.6 | ) | (4.3 | ) | 6.3 | 59.7 |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Three months ended | Three months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Mobile phone business |
¥ | 143.0 | ¥ | 135.6 | ¥ | (7.4 | ) | (5.1 | )% | |||||||
Other (including information systems) |
29.7 | 27.4 | (2.3 | ) | (7.7 | ) | ||||||||||
Total capital expenditures |
¥ | 172.7 | ¥ | 163.0 | ¥ | (9.6 | ) | (5.6 | )% | |||||||
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Mobile phone business |
¥ | 281.6 | ¥ | 258.0 | ¥ | (23.6 | ) | (8.4 | )% | |||||||
Other (including information systems) |
54.9 | 58.2 | 3.3 | 6.0 | ||||||||||||
Total capital expenditures |
¥ | 336.5 | ¥ | 316.1 | ¥ | (20.3 | ) | (6.0 | )% | |||||||
10
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Billions of yen | ||||||||||||||||||||
(UNAUDITED) | (UNAUDITED) | Increase | (Reference) | |||||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | March 31, 2009 | |||||||||||||||||
Total assets |
¥ | 6,173.8 | ¥ | 6,501.8 | ¥ | 328.0 | 5.3 | % | ¥ | 6,488.2 | ||||||||||
NTT DoCoMo, Inc. shareholders equity |
4,445.9 | 4,552.1 | 106.2 | 2.4 | 4,341.6 | |||||||||||||||
Liabilities |
1,726.3 | 1,943.4 | 217.1 | 12.6 | 2,144.9 | |||||||||||||||
Including: Interest bearing liabilities |
526.4 | 624.6 | 98.2 | 18.7 | 639.2 | |||||||||||||||
Equity ratio (1) |
72.0 | % | 70.0 | % | (2.0) point | | 66.9 | % | ||||||||||||
Debt ratio (2) |
10.6 | % | 12.1 | % | 1.5 point | | 12.8 | % |
Notes: | (1) | Equity ratio = NTT DoCoMo, Inc. shareholders equity / Total assets |
(2) | Debt ratio = Interest bearing liabilities / (NTT DoCoMo, Inc. shareholders equity + Interest bearing liabilities) |
Billions of yen | ||||||||||||||||
(UNAUDITED) | (UNAUDITED) | |||||||||||||||
Six months ended | Six months ended | Increase | ||||||||||||||
September 30, 2008 | September 30, 2009 | (Decrease) | ||||||||||||||
Net cash provided by operating activities |
¥ | 408.4 | ¥ | 508.5 | ¥ | 100.2 | 24.5 | % | ||||||||
Net cash used in investing activities |
(423.8 | ) | (441.1 | ) | (17.4 | ) | (4.1 | ) | ||||||||
Net cash provided by (used in) financing activities |
(105.6 | ) | (116.9 | ) | (11.3 | ) | (10.7 | ) | ||||||||
Free cash flows (1) |
(15.4 | ) | 67.4 | 82.8 | | |||||||||||
Free cash flows excluding the effects of changes
in investments for cash management purposes (2)* |
(64.6 | ) | 94.5 | 159.0 | |
Notes: | (1) | Free cash flows = Net cash provided by operating activities + Net cash used in
investing activities |
(2) | Changes in investments for cash management purposes = Changes by purchases, redemption at
maturity and disposals of financial instruments held for cash management purposes with
original maturities of longer than three months |
* | See Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly
Comparable GAAP Financial Measures on page 21. |
11
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Billions of yen | ||||||||||||||||||||
Year ending | Year ending | Year ended | ||||||||||||||||||
March 31, 2010 | March 31, 2010 | Increase | March 31, 2009 | |||||||||||||||||
(Original Forecasts) | (Revised Forecasts) | (Decrease) | (Actual Results) | |||||||||||||||||
Operating revenues |
¥ | 4,382.0 | ¥ | 4,276.0 | ¥ | (106.0 | ) | (2.4 | )% | ¥ | 4,448.0 | |||||||||
Operating income |
830.0 | 830.0 | | | 831.0 | |||||||||||||||
Income before income taxes |
832.0 | 825.0 | (7.0 | ) | (0.8 | )% | 780.5 | |||||||||||||
Net income attributable to
NTT DoCoMo, Inc. |
493.0 | 493.0 | | | 471.9 | |||||||||||||||
Capital expenditures |
690.0 | 690.0 | | | 737.6 | |||||||||||||||
Adjusted free cash flows * |
380.0 | 360.0 | (20.0 | ) | (5.3 | )% | 93.4 | |||||||||||||
EBITDA * |
1,569.0 | 1,563.0 | (6.0 | ) | (0.4 | )% | 1,678.4 | |||||||||||||
EBITDA margin * |
35.8 | % | 36.6 | % | 0.8 point | | 37.7 | % | ||||||||||||
ROCE * |
16.2 | % | 16.2 | % | | | 17.1 | % | ||||||||||||
ROCE after tax effect * |
9.6 | % | 9.6 | % | | | 10.1 | % |
* | EBITDA and EBITDA margin, as we use them, are different from EBITDA as used in Item 10(e) of
Regulation S-K and may not be comparable to similarly titled measures used by other companies. For
an explanation of our definition of free cash flows excluding changes in investments for cash
management purposes, EBITDA, EBITDA margin, ROCE and ROCE after tax effect, see Reconciliations of
the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures
on page 21. |
Million subscriptions/Yen | ||||||||||||||||||||
March 31, 2010 | March 31, 2010 | Increase | March 31, 2009 | |||||||||||||||||
(Original Forecasts) | (Revised Forecasts) | (Decrease) | (Actual Results) | |||||||||||||||||
Cellular services |
55.76 | 55.80 | 0.04 | 0.1 | % | 54.60 | ||||||||||||||
Cellular (FOMA) services |
52.98 | 53.03 | 0.05 | 0.1 | % | 49.04 | ||||||||||||||
Cellular (mova) services |
2.78 | 2.77 | (0.01 | ) | (0.4 | )% | 5.56 | |||||||||||||
i-mode services |
48.85 | 48.90 | 0.05 | 0.1 | % | 48.47 | ||||||||||||||
Aggregate ARPU (FOMA + mova) |
¥ | 5,280 | ¥ | 5,300 | ¥ | 20 | 0.4 | % | ¥ | 5,710 | ||||||||||
Voice ARPU |
2,860 | 2,840 | (20 | ) | (0.7 | )% | 3,330 | |||||||||||||
Packet ARPU |
2,420 | 2,460 | 40 | 1.7 | % | 2,380 |
1. | Number of i-mode subscriptions includes numbers of cellular (FOMA) and cellular (mova) i-mode
subscriptions. |
|
2. | See Definition and Calculation Methods of ARPU and MOU on page 20 for details of
definitions and calculation methods of ARPU. |
12
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
1. | Changes in significant subsidiaries for the six months ended September 30, 2009 (which
resulted in changes in scope of consolidation): None |
|
2. | Application of accounting which is simplified or exceptional for quarterly consolidated
financial statements: None |
|
3. | Changes in significant accounting policies, procedures and presentation in quarterly
consolidated financial statements: |
13
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Millions of yen | ||||||||
(UNAUDITED) | ||||||||
March 31, 2009 | September 30, 2009 | |||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
¥ | 599,548 | ¥ | 550,642 | ||||
Short-term investments |
2,448 | 32,158 | ||||||
Accounts receivable |
835,063 | 779,913 | ||||||
Allowance for doubtful accounts |
(15,072 | ) | (17,105 | ) | ||||
Inventories |
123,206 | 178,787 | ||||||
Deferred tax assets |
102,903 | 99,852 | ||||||
Prepaid expenses and other current assets |
179,632 | 207,675 | ||||||
Total current assets |
1,827,728 | 1,831,922 | ||||||
Property, plant and equipment: |
||||||||
Wireless telecommunications equipment |
5,361,043 | 5,422,824 | ||||||
Buildings and structures |
814,056 | 821,085 | ||||||
Tools, furniture and fixtures |
519,213 | 526,140 | ||||||
Land |
198,985 | 198,874 | ||||||
Construction in progress |
99,232 | 112,674 | ||||||
Accumulated depreciation and amortization |
(4,301,044 | ) | (4,439,012 | ) | ||||
Total property, plant and equipment, net |
2,691,485 | 2,642,585 | ||||||
Non-current investments and other assets: |
||||||||
Investments in affiliates |
572,014 | 590,671 | ||||||
Marketable securities and other investments |
141,544 | 151,126 | ||||||
Intangible assets, net |
578,728 | 594,021 | ||||||
Goodwill |
154,385 | 183,515 | ||||||
Other assets |
273,440 | 253,570 | ||||||
Deferred tax assets |
248,896 | 254,354 | ||||||
Total non-current investments and other assets |
1,969,007 | 2,027,257 | ||||||
Total assets |
¥ | 6,488,220 | ¥ | 6,501,764 | ||||
LIABILITIES AND EQUITY |
||||||||
Current liabilities: |
||||||||
Current portion of long-term debt |
¥ | 29,000 | ¥ | 14,000 | ||||
Accounts payable, trade |
668,525 | 475,995 | ||||||
Accrued payroll |
58,627 | 51,233 | ||||||
Accrued interest |
1,187 | 1,054 | ||||||
Accrued income taxes |
238,742 | 207,743 | ||||||
Other current liabilities |
152,354 | 152,223 | ||||||
Total current liabilities |
1,148,435 | 902,248 | ||||||
Long-term liabilities: |
||||||||
Long-term debt (exclusive of current portion) |
610,233 | 610,556 | ||||||
Liability for employees retirement benefits |
146,326 | 151,413 | ||||||
Other long-term liabilities |
239,918 | 279,204 | ||||||
Total long-term liabilities |
996,477 | 1,041,173 | ||||||
Total liabilities |
2,144,912 | 1,943,421 | ||||||
Equity: |
||||||||
NTT DoCoMo, Inc. shareholders equity |
||||||||
Common stock |
949,680 | 949,680 | ||||||
Additional paid-in capital |
785,045 | 785,045 | ||||||
Retained earnings |
3,061,848 | 3,246,342 | ||||||
Accumulated other comprehensive income (loss) |
(65,689 | ) | (39,669 | ) | ||||
Treasury stock, at cost |
(389,299 | ) | (389,299 | ) | ||||
Total NTT DoCoMo, Inc. shareholders equity |
4,341,585 | 4,552,099 | ||||||
Noncontrolling interests |
1,723 | 6,244 | ||||||
Total equity |
4,343,308 | 4,558,343 | ||||||
Total liabilities and equity |
¥ | 6,488,220 | ¥ | 6,501,764 | ||||
14
DOCOMO Earnings Release | Six Months Ended September 30, 2009 |
Millions of yen | ||||||||
(UNAUDITED) | (UNAUDITED) | |||||||
Six months ended | Six months ended | |||||||
September 30, 2008 | September 30, 2009 | |||||||
Operating revenues: |
||||||||
Wireless services |
¥ | 1,948,540 | ¥ | 1,893,265 | ||||
Equipment sales |
319,244 | 252,542 | ||||||
Total operating revenues |
2,267,784 | 2,145,807 | ||||||
Operating expenses: |
||||||||
Cost of services (exclusive of items shown separately below) |
413,731 | 449,617 | ||||||
Cost of equipment sold (exclusive of items shown separately below) |
408,027 | 340,877 | ||||||
Depreciation and amortization |
348,387 | 337,809 | ||||||
Selling, general and administrative |
520,693 | 532,281 | ||||||
Total operating expenses |
1,690,838 | 1,660,584 | ||||||
Operating income |
576,946 | 485,223 | ||||||
Other income (expense): |
||||||||
Interest expense |
(2,398 | ) | (2,989 | ) | ||||
Interest income |
1,045 | 668 | ||||||
Other, net |
(15,437 | ) | (3,021 | ) | ||||
Total other income (expense) |
(16,790 | ) | (5,342 | ) | ||||
Income before income taxes |
560,156 | 479,881 | ||||||
Income taxes: |
||||||||
Current |
233,831 | 210,887 | ||||||
Deferred |
(14,434 | ) | (16,764 | ) | ||||
Total income taxes |
219,397 | 194,123 | ||||||
Equity in net income (losses) of affiliates, net of applicable taxes |
5,921 | 292 | ||||||
Net income |
346,680 | 286,050 | ||||||
Less: Net (income) loss attributable to noncontrolling interests |
(21 | ) | (1,332 | ) | ||||
Net income attributable to NTT DoCoMo, Inc. |
¥ | 346,659 | ¥ | 284,718 | ||||
Net income |
¥ | 346,680 | ¥ | 286,050 | ||||
Other comprehensive income (loss): |
||||||||
Unrealized holding gains (losses) on available-for-sale securities, net of
applicable taxes |
(5,945 | ) | 14,082 | |||||
Change in fair value of derivative instruments, net of applicable taxes |
(159 | ) | (35 | ) | ||||
Foreign currency translation adjustment, net of applicable taxes |
(16,672 | ) | 11,691 | |||||
Pension liability adjustment, net of applicable taxes |
(362 | ) | 296 | |||||
Total other comprehensive income (loss) |
(23,138 | ) | 26,034 | |||||
Comprehensive income |
323,542 | 312,084 | ||||||
Less: Comprehensive (income) loss attributable to noncontrolling interests |
(20 | ) | (1,346 | ) | ||||
Comprehensive income attributable to NTT DoCoMo, Inc. |
¥ | 323,522 | ¥ | 310,738 | ||||
PER SHARE DATA |
||||||||
Weighted average common shares outstanding Basic and Diluted (shares) |
42,406,379 | 41,759,807 | ||||||
Basic and Diluted earnings per share attributable to NTT DoCoMo, Inc. (yen) |
¥ | 8,174.69 | ¥ | 6,817.99 | ||||
15
DOCOMO Earnings Release
|
Six Months Ended September 30, 2009 |
Millions of yen | ||||||||
(UNAUDITED) | (UNAUDITED) | |||||||
Three months ended | Three months ended | |||||||
September 30, 2008 | September 30, 2009 | |||||||
Operating revenues: |
||||||||
Wireless services |
¥ | 971,077 | ¥ | 951,470 | ||||
Equipment sales |
126,461 | 109,583 | ||||||
Total operating revenues |
1,097,538 | 1,061,053 | ||||||
Operating expenses: |
||||||||
Cost of services (exclusive of items shown separately below) |
210,117 | 230,286 | ||||||
Cost of equipment sold (exclusive of items shown separately below) |
165,979 | 150,051 | ||||||
Depreciation and amortization |
179,907 | 168,804 | ||||||
Selling, general and administrative |
261,078 | 278,508 | ||||||
Total operating expenses |
817,081 | 827,649 | ||||||
Operating income |
280,457 | 233,404 | ||||||
Other income (expense): |
||||||||
Interest expense |
(1,258 | ) | (1,375 | ) | ||||
Interest income |
479 | 350 | ||||||
Other, net |
(7,941 | ) | 38 | |||||
Total other income (expense) |
(8,720 | ) | (987 | ) | ||||
Income before income taxes |
271,737 | 232,417 | ||||||
Income taxes: |
||||||||
Current |
131,300 | 121,356 | ||||||
Deferred |
(29,902 | ) | (27,476 | ) | ||||
Total income taxes |
101,398 | 93,880 | ||||||
Equity in net income (losses) of affiliates, net of applicable taxes |
2,797 | (529 | ) | |||||
Net income |
173,136 | 138,008 | ||||||
Less: Net (income) loss attributable to noncontrolling interests |
13 | (666 | ) | |||||
Net income attributable to NTT DoCoMo, Inc. |
¥ | 173,149 | ¥ | 137,342 | ||||
Net income |
¥ | 173,136 | ¥ | 138,008 | ||||
Other comprehensive income (loss): |
||||||||
Unrealized holding gains (losses) on available-for-sale securities, net of applicable taxes |
(4,997 | ) | 3,620 | |||||
Change in fair value of derivative instruments, net of applicable taxes |
(141 | ) | (8 | ) | ||||
Foreign currency translation adjustment, net of applicable taxes |
1,849 | 2,805 | ||||||
Pension liability adjustment, net of applicable taxes |
(112 | ) | 147 | |||||
Total other comprehensive income (loss) |
(3,401 | ) | 6,564 | |||||
Comprehensive income |
169,735 | 144,572 | ||||||
Less: Comprehensive (income) loss attributable to noncontrolling interests |
17 | (665 | ) | |||||
Comprehensive income attributable to NTT DoCoMo, Inc. |
¥ | 169,752 | ¥ | 143,907 | ||||
PER SHARE DATA |
||||||||
Weighted average common shares outstanding Basic and Diluted (shares) |
42,309,587 | 41,759,807 | ||||||
Basic and Diluted earnings per share attributable to NTT DoCoMo, Inc. (yen) |
¥ | 4,092.43 | ¥ | 3,288.86 | ||||
16
DOCOMO Earnings Release
|
Six Months Ended September 30, 2009 |
Millions of yen | ||||||||
(UNAUDITED) | (UNAUDITED) | |||||||
Six months ended | Six months ended | |||||||
September 30, 2008 | September 30, 2009 | |||||||
Cash flows from operating activities: |
||||||||
Net income |
¥ | 346,680 | ¥ | 286,050 | ||||
Adjustments
to reconcile net income to net cash provided by operating activities |
||||||||
Depreciation and amortization |
348,387 | 337,809 | ||||||
Deferred taxes |
(10,898 | ) | (16,439 | ) | ||||
Loss on sale or disposal of property, plant and equipment |
12,846 | 12,973 | ||||||
Impairment loss on marketable securities and other investments |
19,855 | 917 | ||||||
Equity in net (income) losses of affiliates |
(9,940 | ) | (366 | ) | ||||
Changes in assets and liabilities: |
||||||||
(Increase) / decrease in accounts receivable |
(38,453 | ) | 55,730 | |||||
Increase / (decrease) in allowance for doubtful accounts |
(1,369 | ) | 1,874 | |||||
(Increase) / decrease in inventories |
(38,833 | ) | (54,755 | ) | ||||
(Increase) / decrease in prepaid expenses and other current assets |
(19,259 | ) | (12,748 | ) | ||||
(Increase) / decrease in non-current installment receivable for handsets |
(40,010 | ) | 13,982 | |||||
Increase / (decrease) in accounts payable, trade |
(184,322 | ) | (136,209 | ) | ||||
Increase / (decrease) in accrued income taxes |
(8,701 | ) | (31,927 | ) | ||||
Increase / (decrease) in other current liabilities |
(21,153 | ) | (3,022 | ) | ||||
Increase / (decrease) in liability for employees retirement benefits |
4,622 | 4,951 | ||||||
Increase / (decrease) in other long-term liabilities |
32,445 | 37,196 | ||||||
Other, net |
16,474 | 12,520 | ||||||
Net cash provided by operating activities |
408,371 | 508,536 | ||||||
Cash flows from investing activities: |
||||||||
Purchases of property, plant and equipment |
(302,124 | ) | (249,126 | ) | ||||
Purchases of intangible and other assets |
(115,158 | ) | (132,956 | ) | ||||
Purchases of non-current investments |
(46,913 | ) | (8,992 | ) | ||||
Proceeds from sale of non-current investments |
550 | 9,124 | ||||||
Acquisitions of subsidiaries, net of cash acquired |
27 | (24,904 | ) | |||||
Purchases of short-term investments |
(3,334 | ) | (33,758 | ) | ||||
Redemption of short-term investments |
2,494 | 6,718 | ||||||
Proceeds from redemption of long-term bailment for consumption to a related party |
50,000 | | ||||||
Other, net |
(9,314 | ) | (7,231 | ) | ||||
Net cash used in investing activities |
(423,772 | ) | (441,125 | ) | ||||
Cash flows from financing activities: |
||||||||
Proceeds from long-term debt |
79,944 | | ||||||
Repayment of long-term debt |
(28,241 | ) | (15,000 | ) | ||||
Proceeds from short-term borrowings |
200 | 138,149 | ||||||
Repayment of short-term borrowings |
(1,958 | ) | (138,149 | ) | ||||
Principal payments under capital lease obligations |
(1,385 | ) | (1,696 | ) | ||||
Payments to acquire treasury stock |
(51,848 | ) | | |||||
Dividends paid |
(102,307 | ) | (100,190 | ) | ||||
Other, net |
(4 | ) | (3 | ) | ||||
Net cash provided by (used in) financing activities |
(105,599 | ) | (116,889 | ) | ||||
Effect of exchange rate changes on cash and cash equivalents |
(2,071 | ) | 572 | |||||
Net increase (decrease) in cash and cash equivalents |
(123,071 | ) | (48,906 | ) | ||||
Cash and cash equivalents at beginning of period |
646,905 | 599,548 | ||||||
Cash and cash equivalents at end of period |
¥ | 523,834 | ¥ | 550,642 | ||||
Supplemental disclosures of cash flow information: |
||||||||
Cash received during the period for: |
||||||||
Income taxes |
¥ | 17,786 | ¥ | 675 | ||||
Cash paid during the period for: |
||||||||
Interest, net of amount capitalized |
2,008 | 3,122 | ||||||
Income taxes |
266,295 | 242,683 | ||||||
17
DOCOMO Earnings Release
|
Six Months Ended September 30, 2009 |
Three months ended | Millions of yen | |||||||||||
September 30, 2008 | Mobile phone business | Miscellaneous businesses | Consolidated | |||||||||
Operating revenues |
¥ | 1,081,720 | ¥ | 15,818 | ¥ | 1,097,538 | ||||||
Operating expenses |
795,162 | 21,919 | 817,081 | |||||||||
Operating income (loss) |
¥ | 286,558 | ¥ | (6,101 | ) | ¥ | 280,457 | |||||
Three months ended | Millions of yen | |||||||||||
September 30, 2009 | Mobile phone business | Miscellaneous businesses | Consolidated | |||||||||
Operating revenues |
¥ | 1,031,139 | ¥ | 29,914 | ¥ | 1,061,053 | ||||||
Operating expenses |
796,867 | 30,782 | 827,649 | |||||||||
Operating income (loss) |
¥ | 234,272 | ¥ | (868 | ) | ¥ | 233,404 | |||||
Six months ended | Millions of yen | |||||||||||
September 30, 2008 | Mobile phone business | Miscellaneous businesses | Consolidated | |||||||||
Operating revenues |
¥ | 2,236,491 | ¥ | 31,293 | ¥ | 2,267,784 | ||||||
Operating expenses |
1,648,917 | 41,921 | 1,690,838 | |||||||||
Operating income (loss) |
¥ | 587,574 | ¥ | (10,628 | ) | ¥ | 576,946 | |||||
Six months ended | Millions of yen | |||||||||||
September 30, 2009 | Mobile phone business | Miscellaneous businesses | Consolidated | |||||||||
Operating revenues |
¥ | 2,089,032 | ¥ | 56,775 | ¥ | 2,145,807 | ||||||
Operating expenses |
1,599,529 | 61,055 | 1,660,584 | |||||||||
Operating income (loss) |
¥ | 489,503 | ¥ | (4,280 | ) | ¥ | 485,223 | |||||
18
Fiscal Year | [Ref.] | |||||||||||||||||||||
[Ref.] | Ending Mar. 2010 | Fiscal Year | ||||||||||||||||||||
Fiscal Year | Six Months | First Quarter | Second Quarter | Ending Mar. 31, 2010 | ||||||||||||||||||
Ended Mar. 31, 2009 | (Apr.-Sep. 2009) | (Apr.-Jun. 2009) | (Jul.-Sep. 2009) | Full-year Forecast | ||||||||||||||||||
Full-year Results | Results | Results | Results | (Revised) | ||||||||||||||||||
Cellular |
||||||||||||||||||||||
Subscriptions |
thousands | 54,601 | 55,186 | 54,864 | 55,186 | 55,800 | ||||||||||||||||
FOMA (1) |
thousands | 49,040 | 51,258 | 50,246 | 51,258 | 53,030 | ||||||||||||||||
Communication Module Service (FOMA) (2) |
thousands | 858 | 952 | 897 | 952 | | ||||||||||||||||
mova |
thousands | 5,560 | 3,928 | 4,618 | 3,928 | 2,770 | ||||||||||||||||
Communication Module Service (DoPa) (3) |
thousands | 669 | 585 | 621 | 585 | | ||||||||||||||||
Prepaid |
thousands | 38 | 37 | 38 | 37 | | ||||||||||||||||
Market Share (4) (5) |
% | 50.8 | 50.3 | 50.6 | 50.3 | | ||||||||||||||||
Net Increase from Previous Period (5) |
thousands | 1,213 | 586 | 263 | 322 | 1,200 | ||||||||||||||||
FOMA (1) |
thousands | 5,091 | 2,218 | 1,206 | 1,012 | 3,990 | ||||||||||||||||
Mova |
thousands | (3,878 | ) | (1,632 | ) | (942 | ) | (690 | ) | (2,790 | ) | |||||||||||
Churn Rate (5) |
% | 0.50 | 0.45 | 0.44 | 0.46 | | ||||||||||||||||
Number of Handsets (FOMA+mova) Sold (6) |
thousands | 20,129 | 8,808 | 4,344 | 4,464 | | ||||||||||||||||
Aggregate ARPU (FOMA+mova) (7) |
yen/month/subscription | 5,710 | 5,430 | 5,440 | 5,420 | 5,300 | ||||||||||||||||
Voice ARPU (8) |
yen/month/subscription | 3,330 | 2,990 | 3,010 | 2,970 | 2,840 | ||||||||||||||||
Packet ARPU |
yen/month/subscription | 2,380 | 2,440 | 2,430 | 2,450 | 2,460 | ||||||||||||||||
i-mode ARPU |
yen/month/subscription | 2,340 | 2,390 | 2,380 | 2,390 | 2,390 | ||||||||||||||||
ARPU
Generated from International Services (9) |
yen/month/subscription | 80 | 80 | 70 | 80 | 80 | ||||||||||||||||
ARPU Generated Purely from i-mode (FOMA+mova) (7) |
yen/month/subscription | 2,550 | 2,620 | 2,610 | 2,630 | 2,630 | ||||||||||||||||
Aggregate ARPU (FOMA) (7) |
yen/month/subscription | 6,010 | 5,590 | 5,610 | 5,560 | 5,420 | ||||||||||||||||
Voice ARPU (8) |
yen/month/subscription | 3,360 | 2,990 | 3,010 | 2,970 | 2,840 | ||||||||||||||||
Packet ARPU |
yen/month/subscription | 2,650 | 2,600 | 2,600 | 2,590 | 2,580 | ||||||||||||||||
i-mode ARPU |
yen/month/subscription | 2,590 | 2,530 | 2,540 | 2,520 | 2,510 | ||||||||||||||||
ARPU
Generated from International Services (9) |
yen/month/subscription | 90 | 80 | 80 | 90 | 80 | ||||||||||||||||
ARPU Generated Purely from i-mode (FOMA) (7) |
yen/month/subscription | 2,760 | 2,740 | 2,740 | 2,730 | 2,730 | ||||||||||||||||
Aggregate ARPU (mova) (7) |
yen/month/subscription | 3,750 | 3,530 | 3,550 | 3,500 | 3,440 | ||||||||||||||||
Voice ARPU (8) |
yen/month/subscription | 3,090 | 2,920 | 2,940 | 2,890 | 2,850 | ||||||||||||||||
i-mode ARPU |
yen/month/subscription | 660 | 610 | 610 | 610 | 590 | ||||||||||||||||
ARPU
Generated from International Services (9) |
yen/month/subscription | 10 | 0 | 0 | 10 | 10 | ||||||||||||||||
ARPU Generated Purely from i-mode (mova) (7) |
yen/month/subscription | 870 | 830 | 840 | 830 | 810 | ||||||||||||||||
MOU (FOMA+mova) (7) |
minute/month/subscription | 137 | 136 | 135 | 137 | | ||||||||||||||||
MOU (FOMA) (7) |
minute/month/subscription | 148 | 143 | 143 | 143 | | ||||||||||||||||
MOU (mova) (7) |
minute/month/subscription | 63 | 53 | 54 | 52 | | ||||||||||||||||
i-mode |
||||||||||||||||||||||
Subscriptions |
thousands | 48,474 | 48,670 | 48,597 | 48,670 | 48,900 | ||||||||||||||||
FOMA |
thousands | 44,853 | 46,261 | 45,682 | 46,261 | 47,310 | ||||||||||||||||
i-mode Subscription Rate (5) |
% | 88.8 | 88.2 | 88.6 | 88.2 | 87.6 | ||||||||||||||||
Net Increase from Previous Period |
thousands | 481 | 196 | 123 | 73 | 430 | ||||||||||||||||
i-mode Packet Flat-rate Services Subscriptions (10) |
thousands | 17,610 | 21,519 | 19,578 | 21,519 | | ||||||||||||||||
i-channel Subscriptions |
thousands | 16,545 | 16,692 | 16,607 | 16,692 | | ||||||||||||||||
i-concier Subscriptions |
thousands | 929 | 2,337 | 1,558 | 2,337 | | ||||||||||||||||
Others |
||||||||||||||||||||||
DCMX Subscriptions (11) |
thousands | 8,980 | 10,210 | 9,630 | 10,210 | 11,460 |
* | Please refer to the appendix 2 for the definition of ARPU and MOU, and an explanation of the
methods used to calculate ARPU and the number of active subscriptions. |
|
(1) | From March 3, 2008 onward, another FOMA subscription is a prerequisite for the
application of 2in1 in principle, and those FOMA subscriptions are included in the number of FOMA
subscribers. |
|
(2) | FOMA Ubiquitous plan subscriptions |
|
(3) | DoPa Single service subscriptions |
|
(4) | Source for other cellular telecommunications operators: Data announced by
Telecommunications Carriers Association |
|
(5) | Data are calculated including communication module services subscriptions. |
|
(6) | Sum of new FOMA/mova subscriptions, change of subscription from mova to FOMA, FOMA
handset upgrade by FOMA subscribers, mova handset upgrade by mova subscribers, and change of
subscription from FOMA to mova |
|
(7) | Data are calculated excluding communication module services-related revenues and
communication module services subscriptions. |
|
(8) | Inclusive of circuit-switched data communication |
|
(9) | Inclusive of voice communication and packet communication |
|
(10) | Sum of Pake-hodai double subscriptions,
Pake-hodai full subscriptions and Pake-hodai subscriptions |
|
(11) | Inclusive of DCMX mini subscriptions |
19
1. | Definition of ARPU and MOU |
i) | ARPU (Average monthly Revenue Per
Unit)1: |
||
Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues
attributable to designated services on a per subscription basis. ARPU is calculated by dividing
various revenue items included in operating revenues from our wireless services, such as basic
monthly charges, voice communication charges and packet communication charges, from designated
services which are incurred consistently each month, by the number of active subscriptions to the
relevant services. Accordingly, the calculation of ARPU excludes revenues that are not
representative of monthly average usage such as activation fees. We believe that our ARPU figures
provide useful information to analyze the average usage per subscription and the impacts of
changes in our billing arrangements. The revenue items included in the numerators of our ARPU
figures are based on our U.S. GAAP results of operations. This definition applies to all ARPU
figures hereinafter. |
|||
ii) | MOU (Minutes of Use): Average monthly communication time per
subscription. |
2. | ARPU Calculation Methods i) ARPU
(FOMA+mova) |
ii) | ARPU (FOMA) |
iii) | ARPU (mova) |
3. | Active Subscriptions Calculation Methods |
|
No. of active subscriptions used in ARPU/MOU/Churn Rate calculations is as follows: |
||
No. of active subscriptions for each month: |
||
(No. of subscriptions at the end of previous month + No. of subscriptions at the end of current
month) / 2 |
||
No. of active subscriptions for full-year results/forecasts: |
||
Sum of No. of active
subscriptions for each month from April to March |
1 | Communication module services subscriptions and the revenues thereof are not included in the
ARPU and MOU calculations. |
|
2 | The denominator used in calculating i-mode ARPU (FOMA+mova, FOMA, mova) is the aggregate
number of subscriptions to each service (FOMA+mova, FOMA, mova, respectively), regardless of
whether i-mode service is activated or not. |
|
3 | ARPU generated purely from i-mode (FOMA+mova, FOMA, mova) is calculated using only the
number of i-mode subscriptions as a denominator. |
20
Billions of yen | ||||||||||||||||||||
Year ending | ||||||||||||||||||||
March 31, 2010 | Year ended | Six months ended | Three months ended | Six months ended | ||||||||||||||||
(Revised Forecasts) | March 31, 2009 | September 30, 2008 | September 30, 2009 | September 30, 2009 | ||||||||||||||||
a. EBITDA |
¥ | 1,563.0 | ¥ | 1,678.4 | ¥ | 938.2 | ¥ | 409.6 | ¥ | 836.0 | ||||||||||
Depreciation and amortization |
(703.0 | ) | (804.2 | ) | (348.4 | ) | (168.8 | ) | (337.8 | ) | ||||||||||
Loss on sale or disposal of property, plant and equipment |
(30.0 | ) | (43.3 | ) | (12.8 | ) | (7.4 | ) | (13.0 | ) | ||||||||||
Operating income |
830.0 | 831.0 | 576.9 | 233.4 | 485.2 | |||||||||||||||
Other income (expense) |
(5.0 | ) | (50.5 | ) | (16.8 | ) | (1.0 | ) | (5.3 | ) | ||||||||||
Income taxes |
(332.0 | ) | (308.4 | ) | (219.4 | ) | (93.9 | ) | (194.1 | ) | ||||||||||
Equity in net income (losses) of affiliates |
2.0 | (0.7 | ) | 5.9 | (0.5 | ) | 0.3 | |||||||||||||
Less: Net (income) loss attributable to noncontrolling interests |
(2.0 | ) | 0.5 | (0.0 | ) | (0.7 | ) | (1.3 | ) | |||||||||||
b. Net income attributable to NTT DoCoMo, Inc. |
493.0 | 471.9 | 346.7 | 137.3 | 284.7 | |||||||||||||||
c. Operating revenues |
4,276.0 | 4,448.0 | 2,267.8 | 1,061.1 | 2,145.8 | |||||||||||||||
EBITDA margin (=a/c) |
36.6 | % | 37.7 | % | 41.4 | % | 38.6 | % | 39.0 | % | ||||||||||
Net income margin (=b/c) |
11.5 | % | 10.6 | % | 15.3 | % | 12.9 | % | 13.3 | % | ||||||||||
Billions of yen | ||||||||||||||||||||
Year ending | ||||||||||||||||||||
March 31, 2010 | Year ended | Six months ended | Three months ended | Six months ended | ||||||||||||||||
(Revised Forecasts) | March 31, 2009 | September 30, 2008 | September 30, 2009 | September 30, 2009 | ||||||||||||||||
a. Operating income |
¥ | 830.0 | ¥ | 831.0 | ¥ | 576.9 | ¥ | 233.4 | ¥ | 485.2 | ||||||||||
b. Operating income after tax effect {=a*(1-effective tax rate)} |
491.4 | 491.9 | 341.0 | 138.2 | 287.3 | |||||||||||||||
c. Capital employed |
5,108.9 | 4,867.9 | 4,863.6 | 5,173.7 | 5,078.7 | |||||||||||||||
ROCE before tax effect (=a/c) |
16.2 | % | 17.1 | % | 11.9 | % | 4.5 | % | 9.6 | % | ||||||||||
ROCE after tax effect (=b/c) |
9.6 | % | 10.1 | % | 7.0 | % | 2.7 | % | 5.7 | % | ||||||||||
Notes: | The effective tax rate is 40.9% for the six months ended September 30, 2008 and 40.8% for
the other periods. |
|
Capital employed (for annual period) = The average of (NTT DoCoMo, Inc. shareholders equity +
Interest bearing liabilities), each as of March 31, 2009 (or 2008) and 2010 (or 2009) |
||
Capital employed (for six months) = The average of (NTT DoCoMo, Inc. shareholders equity +
Interest bearing liabilities), each as of March 31, 2008 (or 2009) and September 30, 2008 (or
2009) |
||
Capital employed (for three months) = The average of (NTT DoCoMo, Inc. shareholders equity +
Interest bearing liabilities), each as of June 30, 2009 and September 31, 2009 |
||
Interest bearing liabilities = Current portion of long-term debt + Short-term borrowings +
Long-term debt |
Billions of yen | ||||||||||||||||||||
Year ending | ||||||||||||||||||||
March 31, 2010 | Year ended | Six months ended | Three months ended | Six months ended | ||||||||||||||||
(Revised Forecasts) | March 31, 2009 | September 30, 2008 | September 30, 2009 | September 30, 2009 | ||||||||||||||||
Free cash flows excluding changes in investments for cash management purposes |
¥ | 360.0 | ¥ | 93.4 | ¥ | ( 64.6 | ) | ¥ | 185.3 | ¥ | 94.5 | |||||||||
Changes in investments for cash management purposes (*) |
| 49.3 | 49.2 | (30.2 | ) | (27.0 | ) | |||||||||||||
Free cash flows |
360.0 | 142.7 | (15.4 | ) | 155.1 | 67.4 | ||||||||||||||
Net cash used in investing activities |
(731.0 | ) | (1,031.0 | ) | (423.8 | ) | (198.9 | ) | (441.1 | ) | ||||||||||
Net cash provided by operating activities |
1,091.0 | 1,173.7 | 408.4 | 354.0 | 508.5 | |||||||||||||||
Notes: | (*) Changes in investments for cash management purposes were derived from purchases,
redemption at maturity and disposals of financial instruments held for cash management purposes
with original maturities of longer than three months. Net cash used in investing activities
includes changes in investments for cash management purposes except for the year ending March 31,
2010. The effect of changes in investments for cash management purposes is not taken into account
when we forecasted net cash used in investing activities for the year ending March 31, 2010 due to
the difficulties in forecasting such effect. |
21
1. | Changes in the business environment in the telecommunications industry, such as intensifying
competition from other service providers or other technologies caused by Mobile Number
Portability, new market entrants and other factors, could limit our acquisition of new
subscriptions and retention of existing subscriptions, or may lead to diminishing ARPU or an
increase in our costs and expenses. |
2. | Current and new services, usage patterns, and sales schemes introduced by our corporate group
may not develop as planned, which could affect our financial condition and limit our growth. |
3. | The introduction or change of various laws or regulations or the application of such laws and
regulations to our corporate group could restrict our business operations, which may adversely
affect our financial condition and results of operations. |
4. | Limitations in the amount of frequency spectrum or facilities made available to us could
negatively affect our ability to maintain and improve our service quality and level of
customer satisfaction. |
5. | The W-CDMA technology that we use for our 3G system and/or mobile multimedia services may not
be introduced by other overseas operators, which could limit our ability to offer
international services to our subscribers. |
6. | Our domestic and international investments, alliances and collaborations may not produce the
returns or provide the opportunities we expect. |
7. | As electronic payment capability and many other new features are built into our cellular
phones, and services of parties other than those belonging to our corporate group are provided
through our cellular handsets, potential problems resulting from malfunctions, defects or loss
of handsets, or imperfection of services provided by such other parties may arise, which could
have an adverse effect on our financial condition and results of operations. |
8. | Social problems that could be caused by misuse or misunderstanding of our products and
services may adversely affect our credibility or corporate image. |
9. | Inadequate handling of confidential business information including personal information by
our corporate group, contractors and other factors, may adversely affect our credibility or
corporate image. |
|
10. | Owners of intellectual property rights that are essential for our business execution may not
grant us the right to license or otherwise use such intellectual property rights on acceptable
terms or at all, which may limit our ability to offer certain technologies, products and/or
services, and we may also be held liable for damage compensation if we infringe the intellectual
property rights of others. |
|
11. | Earthquakes, power shortages, malfunctioning of equipment, software bugs, computer viruses,
cyber attacks, hacking, unauthorized access and other problems could cause systems failures in the
networks required for the provision of service, disrupting our ability to offer services to our
subscribers and may adversely affect our credibility or corporate image. |
|
12. | Concerns about wireless telecommunication health risks may adversely affect our financial
condition and results of operations. |
|
13. | Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence
that may not be in the interests of our other shareholders. |
* | Names of companies, products, etc., contained in this document are the trademarks or registered
trademarks of their respective organizations. |
22
Copyright (C) 2009 NTT DOCOMO, INC. All rights reserved.^^^^ NTT DOCOMO, INC. RESULTS FOR THE SIX MONTHS OF THE FISCAL YEAR ENDING MAR. 31, 2010 October 30, 2009 |
This presentation contains forward-looking statements such as forecasts of results of operations, management strategies, objectives and plans, forecasts of operational data such as the expected number of subscriptions, and the expected dividend payments. All forward-looking statements that are not historical facts are based on management's current plans, expectations, assumptions and estimates based on the information currently available. Some of the projected numbers in this presentation were derived using certain assumptions that are indispensable for making such projections in addition to historical facts. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those contained in or suggested by any forward-looking statement. Potential risks and uncertainties include, without limitation, the following: 1. Changes in the business environment in the telecommunications industry, such as intensifying competition from other service providers or other technologies caused by Mobile Number Portability, new market entrants and other factors, could limit our acquisition of new subscriptions and retention of existing subscriptions, or may lead to diminishing ARPU or an increase in our costs and expenses. 2. Current and new services, usage patterns, and sales schemes introduced by our corporate group may not develop as planned, which could affect our financial condition and limit our growth. 3. The introduction or change of various laws or regulations or the application of such laws and regulations to our corporate group could restrict our business operations, which may adversely affect our financial condition and results of operations. 4. Limitations in the amount of frequency spectrum or facilities made available to us could negatively affect our ability to maintain and improve our service quality and level of customer satisfaction. 5. The W-CDMA technology that we use for our 3G system and/or mobile multimedia services may not be introduced by other overseas operators, which could limit our ability to offer international services to our subscribers. 6. Our domestic and international investments, alliances and collaborations may not produce the returns or provide the opportunities we expect. 7. As electronic payment capability and many other new features are built into our cellular phones, and services of parties other than those belonging to our corporate group are provided through our cellular handsets, potential problems resulting from malfunctions, defects or loss of handsets, or imperfection of services provided by such other parties may arise, which could have an adverse effect on our financial condition and results of operations. 8. Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image. 9. Inadequate handling of confidential business information including personal information by our corporate group, contractors and other factors, may adversely affect our credibility or corporate image. 10.Owners of intellectual property rights that are essential for our business execution may not grant us the right to license or otherwise use such intellectual property rights on acceptable terms or at all, which may limit our ability to offer certain technologies, products and/or services, and we may also be held liable for damage compensation if we infringe the intellectual property rights of others. 11.Earthquakes, power shortages, malfunctioning of equipment, software bugs, computer viruses, cyber attacks, hacking, unauthorized access and other problems could cause systems failures in the networks required for the provision of service, disrupting our ability to offer services to our subscribers and may adversely affect our credibility or corporate image. 12.Concerns about wireless telecommunication health risks may adversely affect our financial condition and results of operations. 13.Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence that may not be in the interests of our other shareholders. Forward-Looking Statements |
US GAAP 2008/4-9 (1H) (1) 2009/4-9 (1H) (2) Changes (1) ^ (2) 2010/3 (Full-year forecast) (3) Revised Progress to forecast (2) / (3) Operating Revenues (Billions of yen) Operating Revenues (Billions of yen) 2,267.8 2,145.8 -5.4% 4,276.0 50.2% Cellular Services Revenues (Billions of yen) 1,871.9 1,766.2 -5.6% 3,461.0 51.0% Operating Expenses (Billions of yen) Operating Expenses (Billions of yen) 1,690.8 1,660.6 -1.8% 3,446.0 48.2% Operating Income (Billions of yen) Operating Income (Billions of yen) 576.9 485.2 -15.9% 830.0 58.5% Income Before Income Taxes (Billions of yen) Income Before Income Taxes (Billions of yen) 560.2 479.9 -14.3% 825.0 58.2% Net Income attributable to NTT DOCOMO, INC. (Billions of yen) Net Income attributable to NTT DOCOMO, INC. (Billions of yen) 346.7 284.7 -17.9% 493.0 57.8% EBITDA Margin (%) * EBITDA Margin (%) * 41.4 39.0 -2.4 points 36.6 - Adjusted Free Cash Flow (Billions of yen) * Adjusted Free Cash Flow (Billions of yen) * -64.6 94.5 - 360.0 26.2% ^Consolidated financial statements in this document are unaudited. ^Adjusted free cash flow excludes the effects of changes in investment for cash management purposes derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months. * For an explanation of the calculation processes for these numbers, please see the reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP on Slide 39 and the IR page of our website, www.nttdocomo.co.jp. FY2009/1H (1Q+2Q cumulative) Financial Results ^ |
Subscriptions grew to approx. 50% of total subs FY2009/1H (1Q+2Q cumulative) Results Highlights (1) Decrease in voice revenues "Value Plan" 8.81 million units (Down 1.46 million year-on-year) Decrease in equipment sales revenues & costs "Pake-hodai" subscription rate* rose to 47% Increase in packet revenues ^* Pake-hodai subscription rate= No. of Pake-hodai subscriptions (inclusive of "Pake-hodai full" and "Pake-hodai double" subscriptions)/Total FOMA i-mode subscriptions "Pake-hodai" Total handset sales |
FY2009/1H (1Q+2Q cumulative) Results Highlights (2) Increase in other revenues: Up \50.4 billion FY2008/1H FY2009/1H Operating income \576.9 billion Operating income \485.2 billion Down \91.7 billion (15.9%) year-on-year Key factors behind YOY changes in operating income Operating revenues: Down \122.0 billion Operating expenses: Down \30.3 billion Increase in other expenses: Up \25.3 billion Increase in packet revenues: Up \41.4 billion Decrease in equipment sales revenues: Down \66.7 billion Decrease in cost of equipment sold: Down \55.6 billion Decrease in voice revenues: Down \147.1 billion |
1Q 2Q 3Q 4Q 1Q 2Q 3Q (forecast) 4Q (forecast) ^^^^ 2965 2805 1698 842 2518 2334 2255 2119 1425 296.5 280.5 169.8 251.8 84.2 FY2008 Operating income: \831.0 billion FY2009 Operating income: \830.0 billion (forecast) (Billions of yen) ^ In FY2008, large amount of income was generated in the first half, due to income-boosting effect resulting from the introduction of new handset purchase methods ^ FY2009/1H operating income was almost in line with forecast Impact of income-boosting effect of new handset purchase methods Accelerated depreciation of mova-related assets, etc. ^Irregular factors for FY2008^ 300 0 233.4 FY2009/1H (1Q+2Q cumulative) Results Highlights (3) |
07/9 07/12 08/3 08/6 08/9 08/12 09/3 09/6 09/9 10/3(^^) ^^ 1122 1756 22.09 25.86 28.46 30.43 32.72 34.25 34.75 3555 ^^ 4173 3559 3130 2777 2548 ^^^ 0.21 0.33 0.41 0.48 0.53 0.562 0.599 0.624 0.6296 07/12 08/3 08/6 08/9 08/12 09/3 09/6 09/9 ^^^ 159 5.29 8.89 12.96 16.483 20.82 23.99 27.029 ?^^ 0.94 0.978 0.968 0.923 0.952 0.98 0.972 0.974 New Discount Services*1 New Purchase Methods ^ "Value Plan" subscriptions & "Value Course" selection rate*2 ^ No. of subscriptions *1 : "Fami-wari MAX 50", "Hitoridemo Discount 50" and "Office-wari MAX 50" *2: Percentage of users who chose "Value Course" among total users who purchased a handset using new purchase methods (Million subs.) (Subscription rate) :"Value Course" selection rate (left axis) :No. of "Value Plan" subs (right axis) (Million subs.) (Selection rate) :Subscription rate (left axis) :No. of subscriptions (right axis) FY2007 FY2008 FY2009 FY2007 FY2008 FY2009 New Business Model |
05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 4-6(1Q) 7-9(2Q) 10-12(3Q) 08/1-3(4Q) 4-6(1Q) 7-9(2Q) 10-12(3Q) 09/1-3(4Q) 4-6(1Q) 7-9(2Q) 10/3 (Initial) 10/3 (Revised) Packet ARPU 1820 1880 1880 1940 1970 1980 2010 2080 2120 2210 2200 2270 2330 2410 2390 2420 2430 2450 2420 2460 Voice ARPU 5120 5170 5040 4780 4930 4740 4660 4450 4440 4340 4090 3780 3560 3450 3340 2970 3010 2970 2860 2840 YOY changes in packet ARPU(%) 8.2 5.3 6.9 7.2 7.6 11.6 9.5 9.1 9.9 9.0 8.6 6.6 4.3 1.7 1.7 3.4 (Incl.) Int'l services ARPU 30 40 40 40 50 50 50 60 60 70 70 80 80 90 80 70 70 80 80 80 (Incl.) i-mode ARPU 1,810 1,870 1,860 1,920 1,950 1,960 1,990 2,060 2,090 2,180 2,170 2,230 2,290 2,360 2,350 2,370 2,380 2390 2,360 2,390 (yen) 6,560 6,550 6,290 6,050 Full-year aggregate ARPU: \6,360 (Down 5.1% year-on-year) Voice: \4,160 (Down 11.3% year-on-year) Packet \2,200 (Up 9.5% year-on-year) Full-year aggregate ARPU: \5,710 (Down 10.2% year-on-year) Voice: \3,330 (Down 20.0% year-on-year) Packet: \2,380 (Up 8.2% year-on-year) 2,120 2,210 2,200 2,270 2,330 2,410 2,390 2,420 5,890 5,860 5,730 5,390 5,440 2,430 FY09/1H Aggregate ARPU: \5,430 (Down 7.5% YOY) Voice: \2,990 (Down 14.8% YOY) Packet: \2,440 (Up 3.4% YOY) 5,280 2,420 ^ Aggregate ARPU for FY2009/1H was 5,430 yen (Down 7.5% year-on-year) Packet ARPU was 2,440 yen (Up 3.4% year-on-year) Cellular (FOMA+mova) ARPU (Announced 4/28/2009) (Announced 10/30/2009) ^ For an explanation of ARPU, please see Slide 38 of this document, "Definition and Calculation Methods of MOU and ARPU". 2,450 2,460 5,300 5,420 FY08/1H Aggregate ARPU: \5,870 (Down 10.4% YOY) Voice: \3,510 (Down 20.0% YOY) Packet \2,360 (Up 9.3% YOY) FY07/1H Aggregate ARPU: \6,550 (Down 3.8% YOY) Voice: \4,390 (Down 9.1%YOY) Packet: \2,160 (Up 9.1% YOY) FY09 Full year forecasts |
^ Churn rate for FY2009/1H was 0.45% 03/4-6(1Q) 7-9(2Q) 10-12(3Q) 04/1-3(4Q) 04/4-6(1Q) 7-9(2Q) 10-12(3Q) 05/1-3(4Q) 05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ?^^ 1.17 1.19 1.11 1.36 1.06 1.08 0.95 0.96 0.8 0.81 0.72 0.75 0.64 0.6 0.93 0.97 0.85 0.94 0.74 0.68 0.51 0.52 0.44 0.52 0.44 0.46 (%) Full-year churn rate: 0.80% 0.52% 0.51% 0.44% Full-year churn rate: 0.50% 0.52% 0.46% First half churn rate: 0.45% 0.44% Churn Rate ^ Cellular (FOMA+mova) Churn Rate New discount services (Aug. 07) New handset purchase method (Nov. 07) FY2007 FY2008 FY2009 |
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ^^ 9.89 11.55 11.98 12.33 10.6 11.45 13.29 14.55 12.1 13.31 12.56 13.58 9.6 10.23 8.86 10.67 8.86 ^^^ 5.58 6.32 6.64 6.48 5.7 6.12 6.86 7.36 6.24 6.56 6.52 6.42 4.947 5.318 4.511 5.353 4.343 4.489 ^Total no. of handsets sold in FY2009/1H: 8.81 million units (Down 14.2% year-on-year) ^FY2009 full-year sales estimated to be 18.20 million units (Down 9.6% year-on-year) FY2007 FY2008 6.56 FY2009 5.32 Full year : 25.74 mil units First half : 12.80 mil units Full year (forecast): 18.20 mil units ^^First half: 8.81 mil units Full year : 20.13 mil units First half : 10.27 mil units Total Handset Sales (Millions units) : Total handsets sold (DOCOMO + au +SOFTBANK) : Total handsets sold (DOCOMO) ^ Calculated based on financial results materials of each company ^ Handsets sold by TU-KA and EMOBILE are not included 4.46 |
^ DOCOMO's market share of net additions for FY2009/2Q was 28.2% 05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Softbank -7 2 12 6 3 7 17 23 39.76 47.89 47.1 44.22 56.88 44 37 38.1 32.3 31.5 KDDI 51 52 44 46 48 47 73 54 38.95 39.73 28.35 35.65 -3.7 12.4 9.9 17.6 15.3 20.7 DoCoMo 56 45 44 48 49 46 10 23 16.78 7.51 17.53 10.78 26.09 26 22 26.8 26.3 28.2 EMOBILE 4.5 4.86 7.02 9.35 20.74 17.6 31.1 17.5 26.2 19.7 KDDI 51 52 44 46 48 47 73 54 41 Softbank -7 2 12 6 3 7 17 23 42 SoftBank au EMOBILE docomo FY07 net adds share : 12.8% FY08 net adds share : 25.5% FY09/1H net adds share : 27.3% FY2007 FY2008 FY2009 (10,000subs) General decline in no. of MNP outflows (%) Market Share of Net Additions/MNP ^ Market Share of Net Additions ^ Monthly Net Acquisitions/Losses of MNP Subscribers 06/10 11 12 07/1 2 3 4 5 6 7 8 9 10 11 12 08/1 2 3 4 5 6 7 8 9 10 11 12 09/1 2 3 4 5 6 7 8 9 MNP+- -73228 -163929 -109300 -98489 -74164 -110667 -89357 -58275 -63397 -82668 -90193 -77701 -70460 -58058 -61515 -61403 -66371 -136960 -59228 -58262 -38576 -51074 -43673 -26102 -13339 -1100 1200 2480 -7053 -39060 -19333 -20007 -10465 -11183 -9847 -40953 06/10 12 6 07/3 9 12 08/3 6 9 12 09/3 6 9 |
07/6 07/9 07/12 08/3 08/6 08/9 08/12 09/3 09/6 09/9 10/3(forecast) FOMA 37.854 40.0426 42.0775 43.9493 45.199 46.44 47.49 49.0403 50.246 51.258 52.98 mova 14.991 12.8991 11.073 9.4384 8.428 7.49 6.66 5.5604 4.618 3.928 2.78 mova 55.80 53.03 (95.0%) 49.04 (89.8%) 54.60 53.39 43.95 (82.3%) 9.44 5.56 2.77 52.94 53.94 12.90 7.49 40.04 (75.6%) 46.44 (86.1%) 51.26 (92.9%) 3.93 55.19 Numbers in parentheses indicate the percentage of FOMA subscriptions to total cellular subscriptions (Million subs.) ^Inclusive of Communication Module Services subscriptions FY2007 FY2008 FY2009 Subscriber Migration to FOMA ^ No. of subscribers who have migrated to FOMA in FY2009/2Q: 590,000 ^ Aim to grow FOMA subscriptions to 95% of total by Mar. 31, 2010 |
Revised FY2009 Full-Year Forecasts 2010/3 (full year) Initial Forecast (1) (Announced 4/28/2009) 2010/3 (full year) Revised Forecast (2) Changes (1) ^ (2) Operating Revenues (Billions of yen) Operating Revenues (Billions of yen) 4,382.0 4,276.0 -106.0 Cellular Services Revenues (Billions of yen) 3,449.0 3,461.0 +12.0 Operating Expenses (Billions of yen) Operating Expenses (Billions of yen) 3,552.0 3,446.0 -106.0 Operating Income (Billions of yen) Operating Income (Billions of yen) 830.0 830.0 +-0 Adjusted Free Cash Flow (Billions of yen) Adjusted Free Cash Flow (Billions of yen) 380.0 360.0 -20.0 ^^ Operating Revenues (Down \106.0 compared to initial forecast) ^^ Cellular services revenues forecast was revised upwards (up \12.0 billion) after reviewing projected full-year cellular ARPU, etc. ^^ Equipment sales revenues forecast was revised downwards (down \123.0 billion) after reviewing total handset sales forecast, etc. ^^ Operating Expenses (Down \106.0 billion compared to initial forecast) ^ Projected cost of equipment sold was decreased by \126.0 billion as a result of review of total handset sales forecast, etc. ^ Projected DOCOMO Point Service-related costs were raised by \19.0 billion due to growth in repair costs resulting from extended handset use period, etc. |
Revised FY2009 Full-Year Forecasts (Highlights) Decrease in voice revenues: Down \13.0 billion Initial full-year forecast (Announced 4/28/2009) Revised full-year forecast (Announced 10/30/2009) Operating income \830.0 billion Operating income \830.0 billion +/- \0 (0.0%) from initial forecast Further cost reduction: Down \7.0 billion Increase in packet revenues: Up 25.0 billion Decrease in distributor commissions due to reduced handset sales: Total handset sales: Initial forecast: 19.70 million Revised forecast: 18.20 million Down 24.0 billion Increase in distributor commissions due to reinforcement of sales: Up \19.0 billion Increase in repair costs, etc., due to extended handset use period: Up 24.0 billion (Before application of EITF 01- 9*) (Before application of EITF 01- 9*) Factors behind changes in operating income forecast (from FY09 initial forecast (announced 4/28/2009)) * Effective July 1, 2009, NTT DOCOMO adopted the accounting pronouncement issued by Financial Accounting Standards Board ("FASB") relating to "FASB Accounting Standards Codification" ("ASC"). This pronouncement established ASC as the single source of authoritative U.S. GAAP, and reorganized then-existing U.S. GAAP pronouncements into ASC. Although the references of accounting pronouncements are presented based on pre-Codification accounting pronouncements on this slide, the applicable standards remain effective under ASC. |
Progress of Medium-Term Vision and Future Actions Copyright (C) 2009 NTT DOCOMO, INC. All rights reserved.^^^^ |
Visited 29,000 customers under 48-hour customer visit program for coverage improvement "Mobile Phone Checking Service" and "Battery Pack Anshin Support" both enjoy good reputation "i-concier" subscriptions topped 2.3 million Launched Mobile Remittance service Established AEON Marketing Co., Ltd. Churn rate: maintained at low levels FY09/1H: 0.45% (Down 0.06 point year-on-year) Packet ARPU: Rising FY09/1H: \2,440 (Up 3.4% year-on-year) Customer satisfaction improvement Personalization/ Social support No. of data plan subscriptions*3 grew to 670,000 Smartphone sales also recorded steadfast growth Net additions: Improving FY09/1H: 586,000 subs (Up 6.6% year-on-year) PC data card/ smartphone "BeeTV" subscriptions topped 800,000*2 Video service No. of "Pake-hodai*1" subscriptions grew to 21.52 million (subscription rate: 47%) Flat-rate service *1: Inclusive of "Pake-hodai full" and "Pake-hodai double" subscriptions *2: As of Oct. 12, 2009 *3: Total no. of subscriptions to volume-based data plans, "Flat-Rate Data Plan Standard" and "Flat-Rate Data Plan 64K" (including "Value" plans) (Cumulative no. of visits after service launch: Approx 42,000) Strategic Initiatives Implemented in FY2009/1H |
^ Our customer satisfaction improvement initiatives have steadily gained recognition Install FOMA repeater Install auxiliary indoor antenna Adjustment of antenna or other facilities Continuous study Appointment Customer inquiry Customer visit within 48 hours Visit & investigate Tester Free battery pack Free portable charger Or ^No. of visits^^29,000 (Cumulative no. of visits after service launch: Approx. 42,000) ^No. of subs who used service (FY09/2Q)^ ^No. of subs who used service (FY09/2Q)^ ^Percentage of cases resulting in immediate improvement^ ^78%* * Including some planned measures for improvement ^Percentage of customers who responded "satisfied" after visit^^97% Reinforced customer support structure to assure comfortable use all the time Expanded after-sales support FY2009/1H track record "Mobile Phone Checking Service" (Started July 1, 2009) Expanded "Battery Pack Anshin Support" (Started July 1, 2009) Improvement of Customer Satisfaction (1) 860,000 1.60 million |
Improvement of Customer Satisfaction (2) ^ Received No. 1 rating in enterprise customer satisfaction survey by J.D. Power Asia Pacific, Inc.^(Sept. 25, 2009) Source: J.D. Power Asia Pacific 2009 mobile phone/PHS service enterprise customer satisfaction index study for Japan. Study results compiled based on 3,309 responses on mobile phone/PHS services of Japanese carriers from 2,632 enterprises with an employee base of over 100 employees. (Up to 2 scores on mobile phone/PHS providers permitted per enterprise). See: www.jdpower.co..jp Established structure that ensures contact with every customer Proposal of attractive handsets/devices and solutions Expansion of B-to-B-to-C business Corporate marketing initiatives Overall rating Overall satisfaction score docomo Industry average 610 588 No. 1 Sales rep treatment Service offerings Service quality Cost |
05/3 05/6 05/9 05/12 06/3 06/6 06/9 06/12 07/3 07/6 07/9 07/12 08/3 08/6 08/9 08/12 09/3 09/06 09/09 10/3(^^) ^^^^^^ 267.6689 327.0285 388.2829 444.9122 559.0038 691.949 782 856 956 1046 1126.6566 1194.5439 1274 1340 1395 1575 1760.9526 1958 2152 2580 ^^^ 0.233 0.239 0.232 0.221 0.2382 0.263648809 0.2687 0.2666 28 09/05 06 07 08 09 BeeTV^^^ 33 44 56 70 77 ^ Packet usage continued to grow due to expanded uptake to flat-rate packet access plans and enrichment of video services 13.40 08/12 15.75 19.58 13.95 08/9 08/6 09/5 09/6 09/7 09/8 09/9 Topped 800,000 Total subs: Topped Over 70% Percentage of subs who have joined paid service after free trial period: 0.33 0.44 0.56 0.70 0.77 ^Expansion of Packet Usage (Million subs.) "Pake-hodai*1" subscriptions *1 Inclusive of "Pake-hodai full" and "Pake-hodai double" subsciptions *2 Pake-hodai subscription rate= No. of Pake-hodai subscriptions/Total FOMA i-mode subscriptions Video content (Million subs.) (As of Oct. 12, 2009) 21.52 25.80 22.40 17.61 09/6 ^^ 09/3 10/3 (forecast)^^^^^^^^^^^^^ FY09 Pake-hodai subscription rate target: 55% (Initial target (announced 4/28/2009):47%) 09/9 ^^ Pake-hodai subscription rate*2 47% (As of Sep. 30, 2009) (Announced 10/30/2009) 10/3 (forecast)^^^^^^^^^^^^^ (Announced 4/28/2009) |
Automatic delivery of information on your favorite restaurants Recommendation of time-sale information, etc. (Planned for Nov. 2009 ) ^ No. of "i-concier" subscriptions topped 2.3 million ^ Aim to provide personalized services at the right timing in an optimal manner through the introduction of GPS-linkage function Service Personalization - i-concier - "i-concier" ^ No. of content ^ No. of subscriptions 0.5 1.0 1.5 08/12 09/3 09/06 09/09 10/3 i^^^^^ 30 93 156 233.7 390 09/6 ^^ 08/12 09/3 09/9 ^^ 1.56 0.93 0.30 2.0 Topped 2.30 million (As of Sept. 30, 2009) 2.5 2.34 Introduction of GPS-linkage function Automatic reminder of last train information from your current location Automatic delivery of weather forecast, earthquake information, etc., of outdoor destinations Information "only available on the spot" to be delivered "at the right timing" (Million subs.) (content sites) 08/12 09/3 09/6 09/9 ^^^^^^ 191 244 332 423 ^)^^^^^^ ^)^^^ ^)^^^^^^^^^ ^)^^^^^ 200 400 600 08/12 09/3 09/6 09/9 191 244 332 423 3.90 10/3 (forecast) ^^ |
Social Support Joint research with Univ. of Tokyo Hospital Atmospheric data sensing Improved convenience upon user's admission to medical institutions Emergency care support Enhance efficiency of medical practice ^ Establish environment sensor network utilizing base stations, etc. Start trial within FY09 Full-scale deployment in FY10 or beyond Research started from Sept. 2009 Solar battery panel ^^^^ (FOMA 1 2 Environment info. provider 3 FOMA sensor Data multiplexing equipment (Incl. FOMA module) Environment info. provider Environment info. provider Storage server Base station Environment sensor network Pollen UV ray Temper- ature Thunder- shower Felica gate (1) Personal health record database (linked with hospital database) (2) Convergence of behavior support features enabled by location/ personal authentication data derived by mobile phone Time reservation ID confirmation (Felica) Medical examination Payment/ prescription (Felica) Inform dispensing time Return home ^ Establish convenient patient support environment utilizing mobile communications Felica gate Felica Patient support system Prescription info. Treatment info. Authentication info. Location info. Membership management Payment Info. Observation & storage of atmospheric data Provision of data to meteorological information providers, etc. Respond to users' needs for environmental information 360 sensor installments are planned in 2009 |
Converged Services - Femto BTS - Femto BTS Inter net DOCOMO network Content/service provider Broadband network Femto BTS Subscriber Registered phone Registered phone Stable communications environment Provision of return-to-home confirmations linked with in/out of home area information In/out of home area alert High-performance Femto BTS equipment Convergence with home appliances Comfortable access to video, music or other large-capacity content Remote control of home appliances and equipment FOMA base station Install high-performance Femto BTS in home Realizes dedicated FOMA area for your own home Future plans ^ Plan to introduce Japan's first home area service using Femto BTS in November 2009 To be launched in November 2009 (planned): |
08/11 08/12 09/1 09/2 09/3 09/4 09/5 09/6 09/7 09/8 09/9 ^^^^^^??^^^ 0.314649 0.997636 1.816648 2.627094 3.883635 4.909111 5.615218 6.600177 7.695902 8.70751 9.580699 STYLE PRIME SMART PRO 57 26 13 4 Handset Lineup ^ Lineup of handsets more suited to individual needs of customers ^ Cumulative sales of new handset series topped 10 million "Fashionable design" "Rich color variation" "Latest multimedia" "Full set of features for maximum enjoyment" "Sophisticated design" "Light & slim" "State-of-the-art technology" "Latest operability" (Million units) * Cumulative no. of units sold after release of 2008 winter models Over 10 million* (As of Oct. 17, 2009) ^ New series: cumulative sales ^ Sales breakdown by series (July 09- Sept. 09 cumulative) |
^ Sales has been growing steadily due to revision of flat-rate billing plans, etc. ^ Actions to strengthen sales of PC data communication devices ^ Data plan*1 subscriptions 08/6 08/9 08/12 09/3 09/06 09/09 ^?^^^^^^^^^ 36.1723 37.359 38.4471 37.8151 38.4154 39.1283 ^?^^^^^^^^^ 8.2 9.8 11.9 15.6 19.6 28.1574 09/6 ^^ 08/12 09/3 08/9 08/6 09/9 ^^ (1,000 subs) : Volume-based data plans : Flat-rate data plans ^ PC data communication device sales 4-6(1Q) 7-9(2Q) 10-12(3Q) 1-3(4Q) 4-6(1Q) 7-9(2Q) ^^^^^^?^^ 3.8 3.89 4.75 5.91 6.37 10.69 1Q 2Q 3Q 4Q 1Q 2Q 50 100 (1,000 units) FY2008 FY2009 670 580 530 500 470 440 80 100 120 160 200 280 Expansion of sales channels Started sales promotion of data cards linked with sales of PCs at some docomo Shops More affordable & easy-to-use billing plans Newly created "Flat-rate Data Plan Standard", a two-tier flat-rate service starting from \1,000 with monthly upper limit of \5,985*2 Reinforcement of existing sales channels Reinforce sales at mass retailers by holding effective events and further expanding floor space, etc. *1: Total no. of subscriptions to volume-based data plan, "Flat-rate Data Plan Standard" and "Flat-Rate Data Plan 64K (including "Value" plans) *2: Rates applicable to subscribers joining "Flat-rate Data Plan Standard Value" together with "Flat-Rate Data Standard-Wari Discount". 20 0 40 0 60 0 PC Data Communication Devices |
Browser functional enhancement Windows Marketplace for Mobile (Application distribution platform) Improved operability Plan to continue and expand program with the aim of offering more added value ver. 6.1 ver.6. 5 ver. 6.1 ver.6. 5 Conceptual Smartphone ^ Plan to enrich various services to allow users to use smartphones more conveniently Application distribution platform for open OS devices (To be started in December 2009) T-01A: Distribute "Windows Mobile (r) 6.5" update software Aim to create within FY09 Open OS devices Provision of OS updates Various content/ applications Develop DOCOMO's application distribution platform in tandem with global market ^ Localization for Japanese users ^ Package principal content and applications and deliver them in immediately usable format Develop and expand open platform market Global market Global market "DOCOMO Market" (tentative) Lineup BlackBerr y Bold HT-03A T-01A Plan to add more variety to smartphone lineup HT-03A: Distribute "Android 1.6" update software (Started from Oct. 23, 2009) |
LTE ^ Achieving favorable progress toward scheduled launch in Dec. 2010 3G areas LTE areas ^ LTE coverage to be expanded progressively from high-demand areas Start LTE deployment using 2GHz band and then expand to 1.5GHz band Joint development of LTE communications platform by DOCOMO, NEC, Panasonic Mobile and Fujitsu Coverage Handset/Devices Spectrum ^By FY2014/end: Plan to complete deployment of approx. 20,000 base stations to achieve POP coverage of approx. 50% ^^^^^^ CAPEX Plan Total CAPEX for next 5 years (FY2010-2014) estimated to be \300-400 billion ^ LTE communications platform Supports high transmission rates of 100Mbps (downlink) / 50Mbps (uplink) Realizes smooth handover with W-CDMA and GSM areas even on the move Characteristics: Reduced handset development costs and shortened development period Study possibility of licensing ( announced on Oct. 1, 2009 ) |
Global Expansion (1) 08/11 12 09/1 2 3 4 5 6 7 8 9 ^^^ 0.85 0.75 1.03 1.08 1.25 0.61 0.76 0.62 2.17 3.42 4.01 ^^^^^ 0.0825 0.0691 0.0667 0.08 0.0783 0.0508 0.0656 0.0519 0.157 0.227 ^ TTSL achieves favorable growth in subscriber count, acquiring No. 1 net adds market share in India in August 2009 ^ GSM coverage being expanded on a continual basis GSM service launched in 10 circles among India's total 22 circles (As of Oct. 19, 2009) TTSL acquired No. 1 net adds share in India in Aug. 09 (No. of net adds: 3.42 million) Punjab Gujarat Karnataka Tamil Nadu Haryana Maharashtra Andhra Pradesh Rajasthan Madhya Pradesh UP(E) UP(W) Orissa Bihar W est Bengal H imachal Pradesh Kerala Mumbai Kolkata Chennai Jammu & Kashmir Assam, North East Delhi Plan to expand coverage to nearly nationwide scale by end of 2009 :Market share of net adds (left axis) :No. of net adds (right axis) TTSL (India) (Millions subs) (Market share:%) * Number and market share of net additions are the total of GSM and CDMA services offered by TTSL and TTML (Source: TRAI) ^ Number & Market Share of Net Adds * ^ GSM Deployment Status |
Global Expansion (2) ^ Promote actions aimed at expanding higher-layer businesses, e.g., content, platform, etc. ^ Further enrich services for overseas travelers to expand revenues Content/ services Platform ^Network Content distributed centrally from DOCOMO Netherlands B.V. to other overseas markets Delivery of content/services through networks of carriers in Europe, Asia, etc. (Launched Jun. 11, 2009) India: Provided by TTSL (Launched Jun. 24, 2009) Distribution of Japanese "Manga" comics through Bouygues Telecom (France) (Planned for launch on Nov. 2, 2009) Present TOB for net mobile AG in progress Further strengthen platform for overseas content distribution Higher-layer businesses "MANGA MODE" "i-channel" Enrich services for overseas travelers ^ GPS service at overseas destinations Fast, high-precision GPS positioning enabled by "learning database" which stores past successful positioning data "Learning database" Assist data Learns from successful longitude/latitude positioning Successful positioning Current location Navigation Route search Peripheral information ^ Overseas Support Desk Plan to add more "Support Desks" to offer enhanced convenience (Patent application in progress) UK: Plan to launch i-channel for Japanese nationals living in UK (Oct. 29, 2009) Opened new service counter in Shanghai, in addition to existing ones in Hawaii, London and New York |
^Results achieved in 1 year after announcement of medium-term vision were on the whole favorable ^Packet ARPU: Faster-than-expected growth, due to expanded uptake of flat-rate plans and enriched video services FY09 (revised forecast) FY12 (target) FY08 ^Pake-hodai subscription rate*^ 70% 39% Growth of packet revenues 47% FY09 (initial forecast) Packet ARPU Voice ARPU Aggregate ARPU Halt decline in aggregate ARPU Reversal of voice and packet ARPU ^Medium-term ARPU outlook (conceptual)^ 55% Introduction and rate revisions of "Pake-hodai double" and "Biz-hodai double" "Mail Tsukai-hodai" (unlimited domestic i-mode mail) service Promotion of flat-rate subscription Launched "BeeTV" service Evolution of video services (To be launched Dec. 1, 2009) Introduced; Dec. 1, 2008 Rate revisions: ^May 1, 2009 / Aug. 1, 2009 (May 1, 2009) ^*: Pake-hodai subscription rate= No. of "Pake-hodai" subscriptions (including "Pake-hodai full" and "Pake-hodai double" subs) / Total FOMA i-mode subs % of "Pake-hodai double" subs with usage reaching monthly upper limit: 50% Progress of Priority Items of Medium-Term Vision (1) |
Reduction of network costs ^New revenue sources: Aim to steadily generate revenues from the "projects in the pipeline" ^ Cost efficiency improvement: Expect to achieve cost reduction of \130.0 billion in FY09 (forecast) and continue steadfast cost-cutting efforts toward the future Reduction of general expenses \130.0 billion Further cost-cutting \200.0 billion FY12 (target) FY09 (forecast) ^Projected cost reduction (compared to FY07) ^ Creation of new revenue sources FY09 (forecast) 3.90 million 12.00 million FY12 (target) FY12 (target) 1.00 million units Cost efficiency improvement Service personalization Social support Converged services ^ "i-concier" subscriptions^ ^Femto BTS sales ^ Launch in November 2009 (planned) ^No. of atmospheric sensors installed^ Start trial within FY09 Full-scale deployment in FY10 or beyond Plan to increase installations to 10,000 in the future Progress of Priority Items of Medium-Term Vision (2) FY12 (target) : \300 billion |
Names of companies, products, etc., contained in this document are the trademarks or registered trademarks of their respective organizations |
Appendices Copyright (C) 2009 NTT DOCOMO, INC. All rights reserved.^^^^ |
US GAAP 2008/4-9(1H) 2009/4-9(1H) 2010/3(full year forecast) 2010/3(full year forecast) Cellular services revenues (voice, packet) 1871.9 1766.2 3461 3449 PHS^^ Other revenues 76.7 127.1 274 269 Equipment sales revenues 319.2 252.5 541 664 2,267.8 2,145.8 4,276.0 -5.4% 4,382.0 Operating Revenues (Billions of yen) (Billions of yen) ^ "International services revenues" are included in "Cellular services revenues (voice, packet)". (Announced 4/28/2009) (Announced 10/30/2009) |
US GAAP 2008/4-9(1H) 2009/4-9(1H) 2010/3(full year forecast) 2010/3(full year forecast) (Incl.) Other non-personnel expenses 371.3 404.7 877.0 867.0 (Incl.)Revenue-linked expenses* 640.0 597.2 1,226.0 1,326.0 Non-personnel expenses 1011.3 1001.9 2103 2193 Communication network charges 165.8 155.8 295 302 Loss on disposal of property, plant and equipment and intangible assets 18.7 18.6 46 45 Depreciation and amortization 348.4 337.8 703 710 Taxes and public duties 20 19.6 39 39 Personnel expenses 126.7 126.8 260 263 1,690.8 1,660.6 3,446.0 -1.8% 3,552.0 Operating Expenses (Billions of yen) (Billions of yen) *Revenue-linked expenses: Cost of equipment sold + distributor commissions + cost of docomo Point service (Announced 4/28/2009) (Announced 10/30/2009) |
2008/4-9(1H) 2009/4-9(1H) 2010/3(full year forecast) 2010/3(full year forecast) Mobile phone business (Other) 42.3 39.4 99 90 Mobile phone business (mova) 4.1 3.1 7 5 Mobile phone business (FOMA) 235.2 215.5 442 454 PHS^^ Other (information systems, etc.) 54.9 58.2 142 140 336.5 316.1 690.0 -6.0% 690.0 Capital Expenditures (Billions of yen) (Billions of yen) (Announced 4/28/2009) (Announced 10/30/2009) |
^ 2008/4-9 (1H) (1) 2009/4-9 (1H) (2) Changes (1) ^(2) 2010/3 (full year forecast) Announced 10/30/2009 Cellular Phone No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* No. of Subscriptions (1,000)* 53,937 55,186 +2.3% 55,800 Cellular Phone mova mova mova mova 7,493 3,928 -47.6% 2,770 Cellular Phone FOMA FOMA FOMA FOMA 46,444 51,258 +10.4% 53,030 Cellular Phone i-mode i-mode i-mode i-mode 48,069 48,670 +1.3% 48,900 Cellular Phone Communication Module Service Communication Module Service Communication Module Service Communication Module Service 1,509 1,536 +1.8% 1,590 Cellular Phone Market share(%) Market share(%) Market share(%) Market share(%) Market share(%) 51.5 50.3 -1.2 points - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Total handsets sold Total handsets sold Total handsets sold 10,265 8,808 -14.2% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Mova New New 45 8 -82.6% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Mova Replacement Replacement 29 4 -85.5% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA New New 2,157 2,057 -4.6% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA Migration from mova Migration from mova 1,632 1,400 -14.2% - Cellular Phone Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) Handsets sold (1,000) (including handsets sold without involving sales by DOCOMO) FOMA Other** Other** 6,402 5,339 -16.6% - Cellular Phone Churn rate (%) Churn rate (%) Churn rate (%) Churn rate (%) Churn rate (%) 0.51 0.45 -0.06 points - Cellular Phone ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** ARPU(FOMA+mova)(yen)*** 5,870 5,430 -7.5% 5,300 Cellular Phone MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** MOU(FOMA+mova)(minutes)*** 138 136 -1.4% - Operational Results and Forecasts *Communication Module Service subscriptions are included in the number of cellular phone subscriptions in order to align the calculation method of subscriptions with that of other cellular phone carriers. (Market share, the number of handsets sold and churn rate are calculated inclusive of Communication Module Service subscriptions.) **Other includes purchases of additional handsets by existing FOMA subscribers. ***For an explanation of MOU and ARPU, please see Slide 38 of this document, "Definition and Calculation Methods of MOU and ARPU". |
US GAAP 2008/7-9 (2Q) (1) 2009/7-9 (2Q) (2) Changes (1) ^(2) Operating Revenues (Billions of yen) Operating Revenues (Billions of yen) 1,097.5 1,061.1 -3.3% Cellular Services Revenues (Billions of yen) 935.5 884.3 -5.5% Operating Expenses (Billions of yen) Operating Expenses (Billions of yen) 817.1 827.6 +1.3% Operating Income (Billions of yen) Operating Income (Billions of yen) 280.5 233.4 -16.8% Income Before Income Taxes (Billions of yen) Income Before Income Taxes (Billions of yen) 271.7 232.4 -14.5% Net Income attributable to NTT DOCOMO, INC. (Billions of yen) Net Income attributable to NTT DOCOMO, INC. (Billions of yen) 173.1 137.3 -20.7% EBITDA Margin (%) * EBITDA Margin (%) * 42.7 38.6 -4.1 points Adjusted Free Cash Flow (Billions of yen) ** Adjusted Free Cash Flow (Billions of yen) ** 41.0 185.3 +351.9% FY2009/2Q Financial Results ^Consolidated financial statements in this document are unaudited. ^Adjusted free cash flow excludes the effects of changes in investment for cash management purposes derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months. * For an explanation of the calculation processes for these numbers, please see the reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP on Slide 39 and the IR page of our website, www.nttdocomo.co.jp. |
04/4-6(1Q) 7-9(2Q) 10-12(3Q) 05/1-3(4Q) 05/4-6(1Q) 7-9(2Q) 10-12(3Q) 06/1-3(4Q) 06/4-6(1Q) 7-9(2Q) 10-12(3Q) 07/1-3(4Q) 07/4-6(1Q) 7-9(2Q) 10-12(3Q) 08/1-3(4Q) 08/4-6(1Q) 7-9(2Q) 10-12(3Q) 09/1-3(4Q) 09/4-6(1Q) 7-9(2Q) MOU (left axis) 152 155 153 145 149 152 151 146 145 146 146 139 140 140 139 135 137 138 139 133 135 137 Year-on-year changes in MOU (right axis) -6.2 -3.7 -4.4 -5.8 -2 -1.9 -1.3 0.7 -2.7 -3.9 -3.3 -4.8 -3.4 -4.1 -4.8 -2.9 -2.1 -1.4 0 -1.5 -1.5 -0.7 ^ MOU for FY2009/2Q was 137 minutes (Down 0.7% year-on-year) Full-year MOU: 138 minutes (Down 4.2% year-on-year) Full-year MOU: 137 minutes (Down 0.7% year-on-year) First half MOU: 136 minutes (Down 1.4% year-on-year) Cellular (FOMA+mova) MOU (%) (minutes) ^ For an explanation of MOU, please see Slide 38 of this document, "Definition and Calculation Methods of MOU and ARPU". |
Definition and Calculation Methods of MOU and ARPU ^ MOU (Minutes of Use): Average monthly communication time per subscription. ^ ARPU (Average monthly Revenue Per Unit): Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per subscription basis. ARPU is calculated by dividing various revenue items included in operating revenues from our wireless services, such as basic monthly charges, voice communication charges and packet communication charges, from designated services which are incurred consistently each month, by the number of active subscriptions to the relevant services. Accordingly, the calculation of ARPU excludes revenues that are not representative of monthly average usage such as activation fees. We believe that our ARPU figures provide useful information to analyze the average usage per subscription and the impacts of changes in our billing arrangements. The revenue items included in the numerators of our ARPU figures are based on our U.S. GAAP results of operations. ^ Aggregate ARPU (FOMA+mova): Voice ARPU (FOMA+mova) + Packet ARPU (FOMA+mova) ^^^ Voice ARPU (FOMA+mova): Voice ARPU (FOMA+mova) Related Revenues (basic monthly charges, voice communication charges) / No. of active subscriptions (FOMA+mova) ^^^ Packet ARPU (FOMA+mova): {Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) + i-mode ARPU (mova) Related Revenues (basic monthly charges, packet communication charges)} / No. of active subscriptions (FOMA+mova) ^ i-mode ARPU (FOMA+mova): i-mode ARPU (FOMA+mova) Related Revenues (basic monthly charges, packet communication charges) / No. of active subscriptions (i-mode (FOMA+mova)) ^ Aggregate ARPU (FOMA): Voice ARPU (FOMA) + Packet ARPU (FOMA) ^^^ Voice ARPU (FOMA): Voice ARPU (FOMA) Related Revenues (basic monthly charges, voice communication charges) / No. of active subscriptions (FOMA) ^^^ Packet ARPU (FOMA): Packet ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) / No. of active subscriptions (FOMA) ^^^ i-mode ARPU (FOMA): i-mode ARPU (FOMA) Related Revenues (basic monthly charges, packet communication charges) / No. of active subscriptions (i-mode (FOMA)) ^ Aggregate ARPU (mova): Voice ARPU (mova) + i-mode ARPU (mova) ^^^ Voice ARPU (mova): Voice ARPU (mova) Related Revenues (basic monthly charges, voice communication charges) / No. of active subscriptions (mova) ^^^ i-mode ARPU (mova): i-mode ARPU (mova) Related Revenues (monthly charges, packet communication charges) / No. of active subscriptions (i-mode (mova)) ^ Number of active subscriptions used in ARPU and MOU calculations are as follows: ^^^ Quarterly data: sum of "No. of active subscriptions in each month"* of the current quarter ^^^ Half-year data: sum of "No. of active subscriptions in each month"* of the current half ^^^ Full-year data: sum of "No. of active subscriptions in each month"* of the current fiscal year ^^^* "No. of active subscriptions in each month": (No. of subs at end of previous month + No. of subs at end of current month)/2 ^The revenues and no. of subscriptions of Communication Module Services are not included in the above calculation of ARPU and MOU. |
Reconciliation of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures |
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