Edgar Filing: NTT DOCOMO INC

NTT DOCOMO, INC.

Date: October 30, 2015

/s/ KATSUYUKI TAKAGI

Katsuyuki Takagi

Head of Investor Relations

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2015

Commission File Number: 001-31221

Total number of pages: 65

NTT DOCOMO, INC.

(Translation of registrant’s name into English)

Sanno Park Tower 11-1, Nagata-cho 2-chome

Chiyoda-ku, Tokyo 100-6150

Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Information furnished in this form:

1.	Earnings release for the six months ended October 30, 2015

2.	Results presentation for the first six months of the fiscal year ending March 31, 2016



Earnings Release		October 30, 2015
For the Six Months Ended September 30, 2015		[U.S. GAAP]


Name of registrant:		NTT DOCOMO, INC. (URL https://www.nttdocomo.co.jp/)
Code No.:		9437
Stock exchange on which the Company’s shares are listed:		Tokyo Stock Exchange-First Section
Representative:		Kaoru Kato, Representative Director, President and Chief Executive Officer
Contact:		Koji Otsuki, Senior Manager, General Affairs Department / TEL +81-3-5156-1111
Scheduled date for filing of quarterly report:		November 6, 2015
Scheduled date for dividend payment:		November 20, 2015
Supplemental material on quarterly results:		Yes
Presentation on quarterly results:		Yes (for institutional investors and analysts)

(Amounts are rounded off to the nearest 1 million yen.)

1. Consolidated Financial Results for the Six Months Ended September 30, 2015 (April 1, 2015 - September 30, 2015)

(1) Consolidated Results of Operations

(Millions of yen, except per share amounts)


	Operating Revenues				Operating Income				Income Before Income Taxes and Equity in Net Income (Losses) of Affiliates				Net Income Attributable to NTT DOCOMO, INC.
Six months ended September 30, 2015		2,214,987	1.9	%		462,574	15.8	%		452,562	12.0	%		317,135	22.2	%
Six months ended September 30, 2014		2,172,976	(1.2	)%		399,586	(15.5	)%		404,062	(16.1	)%		259,522	(13.6	)%

(Percentages above represent changes compared to the corresponding period of the previous year)


(Note)	Comprehensive income attributable to	For the six months ended September 30, 2015:	308,774 million yen	20.1	%
	NTT DOCOMO, INC.:	For the six months ended September 30, 2014:	257,061 million yen	(22.2	)%

Basic Earnings per Share
Attributable to
NTT DOCOMO, INC.

Diluted Earnings per Share
Attributable to
NTT DOCOMO, INC.

Six months ended September 30, 2015

81.70 (yen)

—

Six months ended September 30, 2014

62.61 (yen)

—

(2) Consolidated Financial Position

(Millions of yen, except per share amounts)


	Total Assets		Total Equity (Net Assets)		NTT DOCOMO, INC. Shareholders’ Equity	Shareholders’ Equity Ratio	NTT DOCOMO, INC. Shareholders’ Equity per Share
September 30, 2015		7,236,215		5,573,143	5,552,993	76.7%		1,430.64 (yen)
March 31, 2015		7,146,340		5,402,616	5,380,072	75.3%		1,386.09 (yen)

2. Dividends


	Cash Dividends per Share (yen)
	End of the First Quarter		End of the Second Quarter		End of the Third Quarter		Year End		Total
Year ended March 31, 2015		—		30.00		—		35.00		65.00
Year ending March 31, 2016		—		35.00
Year ending March 31, 2016 (Forecasts)						—		35.00		70.00


(Note)		Revisions to the forecasts of dividends: None

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2016 (April 1, 2015 - March 31, 2016)

(Millions of yen, except per share amounts)


	Operating Revenues				Operating Income				Income Before Income Taxes and Equity in Net Income (Losses) of Affiliates				Net Income Attributable to NTT DOCOMO, INC.				Basic Earnings per Share Attributable to NTT DOCOMO, INC.
Year ending March 31, 2016		4,490,000	2.4	%		710,000	11.1	%		703,000	9.2	%		490,000	19.5	%		126.24 (yen)

(Percentages above represent changes compared to the corresponding previous year)


(Note)		Revisions to the forecasts of consolidated financial results: Yes

* Notes:


(1)	Changes in significant subsidiaries:		None
	(Changes in significant subsidiaries for the six months ended September 30, 2015 which resulted in changes in scope of consolidation)

(2)	Application of simplified or exceptional accounting:		None

(3)	Changes in accounting policies
i.	Changes due to revision of accounting standards and other regulations:		None
ii.	Others:		None

(4)	Number of issued shares (common stock)
i.	Number of issued shares (inclusive of treasury stock):	As of September 30, 2015:	4,085,772,000 shares
		As of March 31, 2015:	4,085,772,000 shares

ii.	Number of treasury stock:	As of September 30, 2015:	204,288,188 shares
		As of March 31, 2015:	204,288,145 shares

iii.	Number of weighted average common shares outstanding:	For the six months ended September 30, 2015:	3,881,483,821 shares
		For the six months ended September 30, 2014:	4,144,776,164 shares

* Presentation on the status of quarterly review procedure:

This earnings release is not subject to the quarterly review procedure as required by the Financial Instruments and Exchange Act of Japan. As of the date when this earnings release was issued, the quarterly review procedure on financial statements as required by the Financial Instruments and Exchange Act of Japan had not been finalized.

* Explanation for forecasts of operations and other notes:

Forecast of results

Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently available and certain assumptions that we regard as reasonable, and therefore actual results may differ materially from those contained in, or suggested by, any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the fiscal year ending March 31, 2016, refer to “1. (3) Prospects for the Fiscal Year Ending March 31, 2016” on page 12 and “5. Special Note Regarding Forward-Looking Statements” on page 23, contained in the attachment.

CONTENTS OF THE ATTACHMENT


		page
Contents of the Attachment		1

1. Information on Consolidated Results		2-12
(1) Operating Results		2-10
(2) Financial Review		11
(3) Prospects for the Fiscal Year Ending March 31, 2016		12

2. Other information		13
(1) Changes in Significant Subsidiaries		13
(2) Application of Simplified or Exceptional Accounting		13
(3) Changes in Accounting Policies		13

3. Consolidated Financial Statements		14-19
(1) Consolidated Balance Sheets		14
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income		15-16
(3) Consolidated Statements of Cash Flows		17
(4) Notes to Consolidated Financial Statements		18-19

4. Appendices		20-22
(1) Operating Data for the 2nd Quarter of the Fiscal Year Ending March 31, 2016		20
(2) Definition and Calculation Methods of ARPU and MOU		21
(3) Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures		22

5. Special Note Regarding Forward-Looking Statements		23

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Earnings Release for the Six Months Ended September 30, 2015

1. Information on Consolidated Results

(1) Operating Results

i. Business Overview

Japan’s telecommunications sector has seen a dramatic change in its market structure.

In May 2014, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT) unveiled its “Hikari Collaboration Model”—a new wholesale business model for NTT’s fiber access services. As this enables telecommunications operators and a wide range of other market participants to provide services utilizing fiber connections, the competition in the market has begun to intensify even further transcending the traditional boundaries of the telecommunications market.

Within the mobile communications market, the intensification of market conditions such as various participants entering the market and new services emerging, is expected to gather momentum due to the rapid proliferation and expanded use of smartphones, tablets, and other function-rich mobile devices, the advancement of IoT^*1 as well as the government’s pro-competition policy and other factors.

In the context of this market environment, as part of our “New Initiatives toward Delivery of Medium-Term Targets” that are planned to be implemented in the period through FY2017 (the fiscal year ending March 31, 2018), we started rolling out the “+d” value co-creation programs together with various external partners. In this undertaking, we will continuously evolve our collaboration with partners, thereby responding to the diverse requirements of our customers.

During the six months ended September 30, 2015, we entered into an alliance with GE Energy Japan Co., Ltd. and a separate alliance with Laox Co., Ltd. for collaboration, respectively, in the IoT and retail businesses.

Meanwhile, we were awarded the No. 1 overall ranking among Japan’s mobile phone operators in the “2015 Japan Mobile Phone Service Satisfaction Study^SM*2,” a customer satisfaction study on individual mobile phone users conducted by J.D. Power Asia Pacific.

For the six months ended September 30, 2015, despite the lasting negative impact from the “Monthly Support” discount program, operating revenues increased by ¥42.0 billion from the same period of the previous fiscal year to ¥2,215.0 billion, due mainly to the increase of smartphone users, the strong demand for tablets and other products purchased as a second mobile device by individual users, the growth of subscriptions to the “docomo Hikari” optical-fiber broadband service launched in March 2015 and the steady expansion of smart life business, which includes “dmarket,” and other businesses.

Operating expenses, on the other hand, decreased by ¥21.0 billion from the same period of the previous fiscal year to ¥1,752.4 billion, due mainly to decreases in selling expenses and network-related costs as a result of cost efficiency improvements, despite an increase in cost associated with increased revenues in smart life business and other businesses.

As a result, Operating income increased by ¥63.0 billion from the same period of the previous fiscal year to ¥462.6 billion for the six months ended September 30, 2015.

Income before income taxes and equity in net income (losses) of affiliates was ¥452.6 billion, and Net income attributable to NTT DOCOMO, INC. increased by ¥57.6 billion from the same period of the previous fiscal year to ¥317.1 billion for the six months ended September 30, 2015.

*1:	Abbreviation for “Internet of Things,” a concept that describes a world in which everything is connected to the Internet, enabling remote control and management of devices, etc.

*2:	2015 Japan Mobile Phone Service Satisfaction Study^SM by J.D. Power Asia Pacific. The 2015 study is based on 31,200 responses obtained from mobile phone users residing in Japan for the period of July 2015.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

Consolidated results of operations for the six months ended September 30, 2014 and 2015 were as follows:


	Billions of yen
	Six months ended September 30, 2014			Six months ended September 30, 2015			Increase (Decrease)
Operating revenues	¥	2,173.0		¥	2,215.0		¥	42.0		1.9	%
Operating expenses		1,773.4			1,752.4			(21.0	)	(1.2	)

Operating income		399.6			462.6			63.0		15.8
Other income (expense)		4.5			(10.0	)		(14.5	)	—

Income before income taxes and equity in net income (losses) of affiliates		404.1			452.6			48.5		12.0
Income taxes		141.9			136.0			(5.9	)	(4.2	)

Income before equity in net income (losses) of affiliates		262.2			316.6			54.4		20.8
Equity in net income (losses) of affiliates		(3.7	)		1.6			5.3		—

Net income		258.5			318.2			59.7		23.1
Less: Net (income) loss attributable to noncontrolling interests		1.0			(1.0	)		(2.1	)	—

Net income attributable to NTT DOCOMO, INC.	¥	259.5		¥	317.1		¥	57.6		22.2

EBITDA margin*		34.2	%		34.8	%		0.6 point		—

ROE*		4.7	%		5.8	%		1.1 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, ROE, see “4.(3) Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 22.


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Telecommunications services	¥	1,393.4	¥	1,382.3	¥	(11.1	)	(0.8	)%
Mobile communications services revenues		1,387.8		1,366.5		(21.2	)	(1.5	)
Voice revenues		452.6		413.6		(39.0	)	(8.6	)
Packet communications revenues		935.2		952.9		17.8		1.9
Optical-fiber broadband service and other telecommunications services revenues		5.6		15.8		10.2		180.8
Equipment sales		441.9		416.8		(25.0	)	(5.7	)
Other operating revenues		337.7		415.8		78.1		23.1

Total operating revenues	¥	2,173.0	¥	2,215.0	¥	42.0		1.9	%


Notes:
1.		Voice revenues include data communications revenues through circuit switching systems.
2.		With the introduction of “Optical-fiber broadband services and other telecommunications services revenues” in the fourth quarter of the fiscal year ended March 31, 2015, telecommunications services revenues included in conventional “Other operating revenues” in the financial statements for the six months ended September 30, 2014 have been retroactively reclassified into “Optical-fiber broadband service and other telecommunications services revenues.”


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Personnel expenses	¥	141.4	¥	144.3	¥	2.9		2.0	%
Non-personnel expenses		1,140.0		1,135.3		(4.7	)	(0.4	)
Depreciation and amortization		323.4		297.1		(26.3	)	(8.1	)
Loss on disposal of property, plant and equipment and intangible assets		33.6		22.5		(11.1	)	(33.0	)
Communication network charges		114.8		132.9		18.2		15.8
Taxes and public dues		20.2		20.2		0.1		0.3

Total operating expenses	¥	1,773.4	¥	1,752.4	¥	(21.0	)	(1.2	)%

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

ii. Segment Results

The results of each segment for the six months ended September 30, 2015 are summarized below.

We realigned our three former operating segments, which had consisted of our mobile communications business, smart life business and other businesses, into three new operating segments, which consist of our telecommunications business, smart life business and other businesses, from the fourth quarter of the fiscal year ended March 31, 2015, as a result of realignment of respective businesses to effectively manage our telecommunications related services triggered by the launch of optical-fiber broadband services.

For details, please see “3.(4) Notes to Consolidated Financial Statements” on page 18.

Telecommunications business—


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Operating revenues from telecommunications business	¥	1,826.5	¥	1,807.0	¥	(19.4	)	(1.1	)%
Operating income (loss) from telecommunications business		384.7		420.2		35.5		9.2

Although we saw an expansion in the number of smartphone users, increased demand for tablets and other products purchased as a second mobile device by individual users, and growth of subscriptions to the “docomo Hikari” optical-fiber broadband service, operating revenues from telecommunications business for the six months ended September 30, 2015 recorded a drop of ¥19.4 billion or 1.1%, from ¥1,826.5 billion for the same period of the previous fiscal year to ¥1,807.0 billion, owing mainly to the negative impact from the Monthly Support discount program.

Operating expenses from telecommunications business for the six months ended September 30, 2015 decreased by ¥54.9 billion or 3.8%, from ¥1,441.8 billion for the same period of the previous fiscal year to ¥1,386.8 billion due mainly to decreases in selling expenses and network-related costs as a result of cost efficiency improvements.

Consequently, operating income was ¥420.2 billion, an increase of ¥35.5 billion or 9.2%, from ¥384.7 billion for the same period of the previous fiscal year.

<<Key Topics>>

•

The total subscriptions to our new billing plan, “Kake-hodai & Pake-aeru,” grew to 23.78 million as of September 30, 2015, an increase of 14.35 million from September 30, 2014. The number of subscriptions to our “docomo Hikari” optical-fiber broadband service launched in March 2015 was approximately 720,000 as of September 30, 2015.

•

To allow customers to utilize our services at the optimal rate, we introduced a new flat-rate voice plan, “Kake-hodai Light Plan,” in September 2015.

•

The total number of smartphones sold during the six months ended September 30, 2015 reached 7.07 million units thanks to the brisk sales of iPhone 6s^* and iPhone 6s Plus^*, which were released in September 2015, and the favorable increase in the sales of Android smartphones such as the “Xperia” series and “AQUOS EVER.” The contribution of tablet devices, such as iPad Air 2^* and “dtab d-01G,” to the total number of smartphones sold amounted to 1.02 million units due to the successful acquisition of subscriptions by users of multiple mobile devices leveraging our new billing plan.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

•

We continued to expand the service coverage of our LTE network, increasing the number of LTE-enabled base stations to 115,400 nationwide as of September 30, 2015, of which the number of base stations compatible with our “PREMIUM 4G”—a high-speed data communication service based on LTE-Advanced technology launched in March 2015—was expanded to 7,700, providing service in 640 cities across Japan. Meanwhile, in September 2015 we commenced a service featuring downlink speeds of up to 262.5 Mbps in selected areas of Tokyo, Osaka and Nagoya.

*	TM and ^© 2015 Apple Inc. All rights reserved. iPad and iPhone are trademarks of Apple Inc. The iPhone trademark is used under a license from AIPHONE Co., Ltd.

Number of subscriptions by services and other operating data are as follows:


	Thousand subscriptions
	September 30, 2014		September 30, 2015		Increase (Decrease)
Cellular services		64,295		68,494		4,199		6.5	%
Including: New billing plan		9,429		23,777		14,348		152.2
Cellular (LTE(Xi)) services		26,215		34,504		8,289		31.6
Cellular (FOMA) services		38,080		33,989		(4,090	)	(10.7	)


Notes:
1.		Number of subscriptions to Cellular services, Cellular (LTE(Xi)) services and Cellular (FOMA) services includes Communication Module services subscriptions.
2.		Effective March 3, 2008, FOMA subscription became mandatory for subscription to “2in1” services, and those FOMA subscriptions are included in the number of FOMA subscriptions.


	Thousand units
	Six months ended September 30, 2014			Six months ended September 30, 2015			Increase (Decrease)
Number of handsets sold		10,948			12,041			1,093		10.0	%
Cellular (LTE(Xi)) services
New LTE(Xi) subscription		2,445			3,973			1,528		62.5
Change of subscription from FOMA		2,816			1,832			(984	)	(34.9	)
LTE(Xi) handset upgrade by LTE(Xi) subscribers		2,518			3,528			1,010		40.1
Cellular (FOMA) services
New FOMA subscription		1,220			1,181			(39	)	(3.2	)
Change of subscription from LTE(Xi)		64			54			(9	)	(14.6	)
FOMA handset upgrade by FOMA subscribers		1,886			1,474			(412	)	(21.8	)

Churn rate*		0.58	%		0.58	%		0.00 point		—

Calculation method has been changed from the first quarter of the fiscal year ending March 31, 2016. Accordingly, “Churn rate” for the six months ended September 30, 2014 has also been changed. Data are calculated excluding the subscriptions and cancellations of subscriptions of Mobile Virtual Network Operators (MVNOs).

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

Starting from the three months ended June 30, 2015, we redefined “ARPU” in order to better reflect actions we will take that are aimed at increasing our telecommunications services revenues.

To reflect the increase in multiple subscriptions by individual users driven by increasing demand for devices such as tablet devices and Wi-Fi routers, we changed the calculation method of ARPU from a “per active subscription” basis to a “per active user” basis. We also changed the calculation method of ARPU by adding “docomo Hikari” ARPU in addition to Voice ARPU and Packet ARPU in connection with the launch of our optical-fiber broadband service.

Furthermore, we excluded Smart ARPU from the calculation method of ARPU considering that we are striving to increase the revenues of our smart life business and other businesses not only from telecommunications services users but also from other customers.

The sum of Packet ARPU and “docomo Hikari” ARPU is referred to as Data ARPU.


	Yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Aggregate ARPU*	¥	4,160	¥	4,100	¥	(60	)	(1.4	)%
Voice ARPU		1,310		1,180		(130	)	(9.9	)
Data ARPU		2,850		2,920		70		2.5
Packet ARPU		2,850		2,890		40		1.4
“docomo Hikari” ARPU		—		30		30		—

MOU* (minutes)		116		131		15		12.9	%

Note:

Starting with the first quarter of the fiscal year ending March 31, 2016, the calculation method of ARPU and MOU was changed. ARPU and MOU figures for the six months ended September 30, 2014 reflect these subsequent changes to the calculation method.

*	See “4.(2) Definition and Calculation Methods of ARPU and MOU” on page 21 for definition and calculation methods.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

Smart life business—


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Operating revenues from smart life business	¥	208.3	¥	246.3	¥	38.0	18.3	%
Operating income (loss) from smart life business		13.4		33.4		20.1	150.1

Operating revenues from smart life business for the six months ended September 30, 2015 were ¥246.3 billion, an increase of ¥38.0 billion or 18.3%, from ¥208.3 billion for the same period of the previous fiscal year, due mainly to the growth in revenues from “dmarket” and other content services as well as increases in the amounts of “DCMX” and other finance/payment services transactions.

Operating expenses were ¥212.9 billion yen, an increase of ¥18.0 billion or 9.2%, from ¥194.9 billion for the same period of the previous fiscal year, driven primarily by the increase in expenses associated with the growth in revenues from “dmarket” and other content services.

As a consequence, operating income was ¥33.4 billion, an increase of ¥20.1 billion or 150.1%, from ¥13.4 billion for the same period of the previous fiscal year.

<<Key Topics>>

•

The combined number of “dmarket” subscriptions^* reached 13.95 million as of September 30, 2015, an increase of 6.14 million from September 30, 2014. The “dgourmet” service has also enjoyed brisk sales following its launch in May 2015, with its total subscriptions exceeding 500,000 as of September 30, 2015.

•

We added four new services to our “Home Anshin Partner” home trouble support services, including: the “Absent Home Surveillance” function using cameras or Android devices; “Safety Confirmation Service,” a home visit service by professional staff to confirm the safety of family members living apart; “Omimaikin,” a system that offers subscribers up to 100,000 yen in case of intrusion or other damages as solatium; and “Health Consultation Dial,” a 24-hour phone-based health consultation service attended to by medical doctors and other professional staff. Also, in conjunction with the introduction of the “Absent Home Surveillance” function, we started marketing a new network camera device, “SmaCame for docomo CS-QR10-D,” from August 2015.

•

In July 2015, we started offering a new service, “Anshin Number Check,” which notifies users in advance of suspicious incoming calls such as persistent sales calls and scam calls, allowing users to use our phone services free of worry.

*	The total number of users using “dTV,” “danime store,” “dhits,” “dkids,” “dmagazine” and “dgourmet” services under a monthly subscription arrangement.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

Other businesses—


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Operating revenues from other businesses	¥	152.4	¥	173.5	¥	21.1	13.9	%
Operating income (loss) from other businesses		1.5		9.0		7.5	492.5

Operating revenues from other businesses for the six months ended September 30, 2015 amounted to ¥173.5 billion, an increase of ¥21.1 billion or 13.9%, from ¥152.4 billion for the same period of the previous fiscal year, driven mainly by increases in revenues resulting from the expanded uptake of our “Mobile Device Protection Service” and the growth of revenues relating to IoT businesses.

Operating expenses were ¥164.6 billion, an increase of ¥13.7 billion or 9.1%, from ¥150.9 billion for the same period of the previous fiscal year, as a result of rises in expenses associated with the expansion of revenues from our “Mobile Device Protection Service” and other services.

Consequently, operating income was ¥9.0 billion, an increase of ¥7.5 billion or 492.5% compared to ¥1.5 billion for the same period of the previous fiscal year.

<<Key Topics>>

•

To further boost the use of IoT, we launched a new billing plan for LTE-enabled embedded modules, “LTE Ubiquitous Plan,” in September 2015.

•

We started marketing “Sansan Smartphone Plan Storage Pack,” a smartphone-based business card management service targeting enterprises that is provided by Sansan, Inc. via our “Business Plus” suite of cloud-based enterprise mobile services from July 2015.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

iii. CSR Activities

We aspire to help build a society in which everyone can share in a prosperous life of safety and security, beyond borders and across generations. We believe it is the corporate social responsibility (“CSR”) of DOCOMO to solve various social issues in fields such as IoT, medicine, healthcare, education and agriculture, through the “co-creation of social values”—an initiative that we plan to pursue together with various partners to create new services and businesses, while thoroughly ensuring fair, transparent and ethical business operations as a foundation for the creation of such values. Accordingly, we have positioned CSR at the core of our corporate management.

The principal CSR actions undertaken during the six months ended September 30, 2015 are summarized below:

•

We started offering a new text input application for smartphones, “Move & Flick,” which, by eliminating the need to look at one’s fingers when inputting text, makes text input easier for visually impaired persons and others who have difficulty precisely locating the position of individual keys using traditional text input methods.

•

To support the “mental health care” activities for the victims of the Great East Japan Earthquake who suffer from loss of motivation to go out or faded sense of belonging to local community after prolonged life in temporary housing, we provided cooking lessons through our subsidiary, ABC Cooking Studio Co., Ltd., and hosted “dTV” experience events allowing participants to try the video distribution service via tablet devices.

•

We set up a charity website to assist the people and areas affected by the heavy rainfall and other damages caused by Typhoon No. 18 of 2015, and collected donations using “docomo kouza” accounts and “docomo Points.”

•

We held approximately 3,500 sessions of “Smartphone and Mobile Phone Safety Class” to enlighten audiences on rules and manners related to using smartphones and mobile phones and inform them as to how to respond to troubles that may be encountered when using mobile phones and smartphones. Such sessions garnered attendance of approximately 660,000 people in total for the six months ended September 30, 2015.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

iv. Trend of Capital Expenditures


	Billions of yen
	Six months ended September 30, 2014		Six months ended September 30, 2015		Increase (Decrease)
Total capital expenditures	¥	292.5	¥	219.5	¥	(73.0	)	(25.0	)%
Telecommunications business		282.9		210.2		(72.7	)	(25.7	)
Smart life business		5.7		6.1		0.4		7.5
Other businesses		3.9		3.2		(0.7	)	(18.7	)

We pursued more efficient use of capital expenditures and further cost reduction, while expanding the coverage of our “PREMIUM 4G” service and moved ahead with capacity buildup to accommodate the growth in data traffic toward the goal of constructing a robust network that can provide a comfortable communications environment. As a result, the total capital expenditures for the six months ended September 30, 2015 decreased by 25.0% from the same period of the previous fiscal year to ¥219.5 billion.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(2) Financial Review

i. Financial Position


	Billions of yen
	September 30, 2014			September 30, 2015			Increase (Decrease)					(Reference) March 31, 2015
Total assets	¥	7,075.0		¥	7,236.2		¥	161.2		2.3	%	¥	7,146.3
NTT DOCOMO, INC. shareholders’ equity		5,468.3			5,553.0			84.7		1.5			5,380.1
Liabilities		1,558.7			1,647.2			88.4		5.7			1,728.1
Including: Interest bearing liabilities		228.5			223.6			(4.8	)	(2.1	)		222.7

Shareholders’ equity ratio (1) (%)		77.3	%		76.7	%		(0.6)point		—			75.3	%
Debt to Equity ratio (2) (multiple)		0.042			0.040			(0.002	)	—			0.041


Notes:	(1)	Shareholders’ equity ratio = NTT DOCOMO, INC. shareholders’ equity / Total assets
	(2)	Debt to Equity ratio = Interest bearing liabilities / NTT DOCOMO, INC. shareholders’ equity

ii. Cash Flow Conditions


	Billions of yen
	Six months ended September 30, 2014			Six months ended September 30, 2015			Increase (Decrease)
Net cash provided by operating activities	¥	524.3		¥	617.9		¥	93.5	17.8	%
Net cash used in investing activities		(393.4	)		(319.4	)		74.0	18.8
Net cash provided by (used in) financing activities		(440.4	)		(139.2	)		301.1	68.4
Free cash flows (1)		131.0			298.5			167.5	127.9
Free cash flows excluding changes in investments for cash management purposes (2)*		143.5			298.4			154.9	108.0


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 “4.(3) Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 22.

For the six months ended September 30, 2015, net cash provided by operating activities was ¥617.9 billion, an increase of ¥93.5 billion (17.8%) from the same period of the previous fiscal year. This was due mainly to an increase in cash inflows from customers in relation to collections of installment receivables for customers’ handset purchases and a decrease in cash outflows resulting from a decrease in the amount of income taxes paid.

Net cash used in investing activities was ¥319.4 billion, a decrease of ¥74.0 billion (18.8%) from the same period of the previous fiscal year. This was due mainly to decreases in cash outflows resulting from purchase of short-term investments for cash management purpose and purchases of property, plant and equipment as a result of efficient network construction, despite a decrease in cash inflows resulting from redemption of short-term investments.

Net cash used in financing activities was ¥139.2 billion, a decrease of ¥301.1 billion (68.4%) from the same period of the previous fiscal year. This was due mainly to a decrease in cash outflows for payments to acquire treasury stock, despite an increase in cash outflows for dividends paid.

As a result of the foregoing, the balance of cash and cash equivalents was ¥264.6 billion as of September 30, 2015, an increase of ¥159.0 billion (150.7%) from the previous fiscal year end.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(3) Prospects for the Fiscal Year Ending March 31, 2016

Competition in Japan’s mobile communications market is expected to remain intense in such areas as acquisition of subscribers and further improvement of service offerings. Under these market conditions, we will continue our efforts to secure our customer base and boost customers’ packet usage by further proliferating our new billing plan “Kake-hodai & Pake-aeru” launched in June 2014, the “docomo Hikari” optical-fiber broadband service and the “docomo Hikari Pack” bundle discount packages launched in March 2015, while also expanding new services that are designed to sustain customers’ “smart life.” In light of these undertakings, we have decided to revise our forecast announced on April 28, 2015.

In the revised guidance, operating revenues are estimated to be ¥4,490.0 billion, a decrease of ¥20.0 billion compared to the initial forecast, due mainly to a decrease in equipment sales revenues, despite an increase in telecommunications services revenues resulting from the stronger-than-expected expansion of smartphone user base and a growth of demand for tablets and other devices purchased as a second mobile device by individual users as well as an increase in other operating revenues driven by steadfast expansion of smart life business, which includes “dmarket,” and other businesses. Operating expenses, on the other hand, are projected to be ¥3,780.0 billion after a downward revision of ¥50.0 billion reflecting the greater-than-expected progress in our cost efficiency improvement efforts, decline in cost of equipment sold and other factors.

In view of the foregoing, we have revised upward our operating income projection for the fiscal year ending March 31, 2016 by ¥30.0 billion from the initial projection to ¥710.0 billion.


	Billions of yen
	Year ending March 31, 2016 (Original Forecasts)			Year ending March 31, 2016 (Revised Forecasts)			Increase (Decrease)					Year ended March 31, 2015 (Actual Results)
Operating revenues	¥	4,510.0		¥	4,490.0		¥	(20.0	)	(0.4	)%	¥	4,383.4
Operating income		680.0			710.0			30.0		4.4			639.1
Income before income taxes and equity in net income (losses) of affiliates		687.0			703.0			16.0		2.3			643.9
Net income attributable to NTT DOCOMO, INC.		470.0			490.0			20.0		4.3			410.1
Capital expenditures		630.0			600.0			(30.0	)	(4.8	)		661.8
Free cash flows excluding changes in investments for cash management purposes*		400.0			480.0			80.0		20.0			295.6
EBITDA*		1,340.0			1,360.0			20.0		1.5			1,369.1
EBITDA margin*		29.7	%		30.3	%		0.6 point		—			31.2	%
ROE*		8.6	%		8.9	%		0.3 point		—			7.4	%

EBITDA and EBITDA margin, as we use them in this earning 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 definition of free cash flows excluding changes in investments for cash management purposes, EBITDA, EBITDA margin, and ROE, see “4. (3) Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 22.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

2. Other Information

(1) Changes in Significant Subsidiaries

None

(2) Application of Simplified or Exceptional Accounting

None

(3) Changes in Accounting Policies

None

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets


	Millions of yen
	March 31, 2015			September 30, 2015
ASSETS
Current assets:
Cash and cash equivalents	¥	105,553		¥	264,599
Short-term investments		243,757			240,975
Accounts receivable		264,591			208,312
Receivables held for sale		897,999			925,891
Credit card receivables		234,412			252,580
Other receivables		327,275			362,515
Allowance for doubtful accounts		(14,100	)		(15,353	)
Inventories		186,275			209,750
Deferred tax assets		61,512			67,060
Prepaid expenses and other current assets		108,102			100,366

Total current assets		2,415,376			2,616,695

Property, plant and equipment:
Wireless telecommunications equipment		5,027,390			5,045,294
Buildings and structures		890,382			892,874
Tools, furniture and fixtures		508,810			496,623
Land		200,736			200,830
Construction in progress		193,497			195,052
Accumulated depreciation and amortization		(4,309,748	)		(4,392,601	)

Total property, plant and equipment, net		2,511,067			2,438,072

Non-current investments and other assets:
Investments in affiliates		439,070			430,308
Marketable securities and other investments		195,047			185,373
Intangible assets, net		636,319			614,932
Goodwill		266,311			253,748
Other assets		445,723			454,868
Deferred tax assets		237,427			242,219

Total non-current investments and other assets		2,219,897			2,181,448

Total assets	¥	7,146,340		¥	7,236,215

LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	¥	203		¥	200
Short-term borrowings		2,048			3,142
Accounts payable, trade		811,799			641,114
Accrued payroll		54,955			56,203
Accrued income taxes		68,563			141,444
Other current liabilities		176,734			191,866

Total current liabilities		1,114,302			1,033,969

Long-term liabilities:
Long-term debt (exclusive of current portion)		220,400			220,300
Accrued liabilities for point programs		89,929			82,214
Liability for employees’ retirement benefits		173,872			178,200
Other long-term liabilities		129,632			132,502

Total long-term liabilities		613,833			613,216

Total liabilities		1,728,135			1,647,185

Redeemable noncontrolling interests		15,589			15,887

Equity:
NTT DOCOMO, INC. shareholders’ equity
Common stock		949,680			949,680
Additional paid-in capital		339,783			339,767
Retained earnings		4,397,228			4,578,526
Accumulated other comprehensive income (loss)		52,599			44,238
Treasury stock		(359,218	)		(359,218	)
Total NTT DOCOMO, INC. shareholders’ equity		5,380,072			5,552,993
Noncontrolling interests		22,544			20,150

Total equity		5,402,616			5,573,143

Total liabilities and equity	¥	7,146,340		¥	7,236,215

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


	Millions of yen
	Six Months Ended September 30, 2014			Six Months Ended September 30, 2015
Operating revenues:
Telecommunications services	¥	1,393,373		¥	1,382,307
Equipment sales		441,868			416,844
Other operating revenues		337,735			415,836

Total operating revenues		2,172,976			2,214,987

Operating expenses:
Cost of services (exclusive of items shown separately below)		555,623			587,647
Cost of equipment sold (exclusive of items shown separately below)		381,838			386,337
Depreciation and amortization		323,431			297,107
Selling, general and administrative		512,498			481,322

Total operating expenses		1,773,390			1,752,413

Operating income		399,586			462,574

Other income (expense):
Interest expense		(505	)		(545	)
Interest income		720			385
Other, net		4,261			(9,852	)

Total other income (expense)		4,476			(10,012	)

Income before income taxes and equity in net income (losses) of affiliates		404,062			452,562

Income taxes:
Current		130,116			144,300
Deferred		11,783			(8,320	)

Total income taxes		141,899			135,980

Income before equity in net income (losses) of affiliates		262,163			316,582

Equity in net income (losses) of affiliates (including impairment charges of investments in affiliates)		(3,684	)		1,582

Net income		258,479			318,164

Less: Net (income) loss attributable to noncontrolling interests		1,043			(1,029	)

Net income attributable to NTT DOCOMO, INC.	¥	259,522		¥	317,135


Per share data
Weighted average common shares outstanding – Basic and Diluted		4,144,776,164			3,881,483,821

Basic and Diluted earnings per share attributable to NTT DOCOMO, INC.	¥	62.61		¥	81.70


Consolidated Statements of Comprehensive Income
	Millions of yen
	Six Months Ended September 30, 2014			Six Months Ended September 30, 2015
Net income	¥	258,479		¥	318,164
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, net of applicable taxes		6,427			(7,037	)
Unrealized gains (losses) on cash flow hedges, net of applicable taxes		39			(43	)
Foreign currency translation adjustment, net of applicable taxes		(8,932	)		(981	)
Pension liability adjustment, net of applicable taxes		(78	)		(233	)

Total other comprehensive income (loss)		(2,544	)		(8,294	)

Comprehensive income		255,935			309,870

Less: Comprehensive (income) loss attributable to noncontrolling interests		1,126			(1,096	)

Comprehensive income attributable to NTT DOCOMO, INC.	¥	257,061		¥	308,774

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

Consolidated Statements of Income


	Millions of yen
	Three Months Ended September 30, 2014			Three Months Ended September 30, 2015
Operating revenues:
Telecommunications services	¥	689,905		¥	707,053
Equipment sales		234,881			215,500
Other operating revenues		172,887			215,570

Total operating revenues		1,097,673			1,138,123

Operating expenses:
Cost of services (exclusive of items shown separately below)		290,036			298,744
Cost of equipment sold (exclusive of items shown separately below)		204,582			210,806
Depreciation and amortization		156,248			151,535
Selling, general and administrative		256,861			249,860

Total operating expenses		907,727			910,945

Operating income		189,946			227,178

Other income (expense):
Interest expense		(225	)		(233	)
Interest income		316			206
Other, net		1,551			(15,200	)

Total other income (expense)		1,642			(15,227	)

Income before income taxes and equity in net income (losses) of affiliates		191,588			211,951

Income taxes:
Current		66,315			74,007
Deferred		2,061			(10,649	)

Total income taxes		68,376			63,358

Income before equity in net income (losses) of affiliates		123,212			148,593

Equity in net income (losses) of affiliates (including impairment charges of investments in affiliates)		(127	)		(38	)

Net income		123,085			148,555

Less: Net (income) loss attributable to noncontrolling interests		56			(204	)

Net income attributable to NTT DOCOMO, INC.	¥	123,141		¥	148,351


Per share data
Weighted average common shares outstanding – Basic and Diluted		4,142,813,793			3,881,483,812

Basic and Diluted earnings per share attributable to NTT DOCOMO, INC.	¥	29.72		¥	38.22


Consolidated Statements of Comprehensive Income
	Millions of yen
	Three Months Ended September 30, 2014			Three Months Ended September 30, 2015
Net income	¥	123,085		¥	148,555
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, net of applicable taxes		2,527			(8,767	)
Unrealized gains (losses) on cash flow hedges, net of applicable taxes		12			(20	)
Foreign currency translation adjustment, net of applicable taxes		(2,253	)		5,735
Pension liability adjustment, net of applicable taxes		(100	)		(207	)

Total other comprehensive income (loss)		186			(3,259	)

Comprehensive income		123,271			145,296

Less: Comprehensive (income) loss attributable to noncontrolling interests		76			(239	)

Comprehensive income attributable to NTT DOCOMO, INC.	¥	123,347		¥	145,057

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(3) Consolidated Statements of Cash Flows


	Millions of yen
	Six Months Ended September 30, 2014			Six Months Ended September 30, 2015
Cash flows from operating activities:
Net income	¥	258,479		¥	318,164
Adjustments to reconcile net income to net cash provided by operating activities-
Depreciation and amortization		323,431			297,107
Deferred taxes		11,783			(8,320	)
Loss on sale or disposal of property, plant and equipment		20,765			11,685
Equity in net (income) losses of affiliates (including impairment charges of investments in affiliates)		3,684			(1,582	)
Changes in assets and liabilities:
(Increase) / decrease in accounts receivable		78,450			53,872
(Increase) / decrease in receivables held for sale		(46,701	)		(27,892	)
(Increase) / decrease in credit card receivables		(3,816	)		(10,515	)
(Increase) / decrease in other receivables		1,109			(34,714	)
Increase / (decrease) in allowance for doubtful accounts		1,985			1,852
(Increase) / decrease in inventories		65,670			(26,094	)
(Increase) / decrease in prepaid expenses and other current assets		(7,744	)		4,797
(Increase) / decrease in non-current receivables held for sale		(27,941	)		3,793
Increase / (decrease) in accounts payable, trade		(108,705	)		(85,060	)
Increase / (decrease) in accrued income taxes		(48,659	)		73,261
Increase / (decrease) in other current liabilities		(3,808	)		19,933
Increase / (decrease) in accrued liabilities for point programs		(17,055	)		(7,715	)
Increase / (decrease) in liability for employees’ retirement benefits		3,448			4,340
Increase / (decrease) in other long-term liabilities		11,850			4,573
Other, net		8,099			26,380

Net cash provided by operating activities		524,324			617,865

Cash flows from investing activities:
Purchases of property, plant and equipment		(279,159	)		(216,622	)
Purchases of intangible and other assets		(93,574	)		(92,593	)
Purchases of non-current investments		(1,743	)		(1,734	)
Proceeds from sale of non-current investments		411			1,466
Purchases of short-term investments		(30,058	)		(3,611	)
Redemption of short-term investments		17,551			3,707
Other, net		(6,798	)		(10,027	)

Net cash used in investing activities		(393,370	)		(319,414	)

Cash flows from financing activities:
Proceeds from short-term borrowings		11,252			144,841
Repayment of short-term borrowings		(12,936	)		(143,619	)
Principal payments under capital lease obligations		(873	)		(732	)
Payments to acquire treasury stock		(307,694	)		(0	)
Dividends paid		(124,427	)		(135,836	)
Other, net		(5,695	)		(3,886	)

Net cash provided by (used in) financing activities		(440,373	)		(139,232	)

Effect of exchange rate changes on cash and cash equivalents		(1,564	)		(173	)

Net increase (decrease) in cash and cash equivalents		(310,983	)		159,046
Cash and cash equivalents as of beginning of period		526,920			105,553

Cash and cash equivalents as of end of period	¥	215,937		¥	264,599


Supplemental disclosures of cash flow information:
Cash received during the period for:
Income tax refunds	¥	1,525		¥	7,774
Cash paid during the period for:
Interest, net of amount capitalized		456			431
Income taxes		178,980			79,029

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(4) Notes to Consolidated Financial Statements

i. Note to Going Concern Assumption

There is no corresponding item.

ii. Significant Changes in NTT DOCOMO, INC. Shareholders’ Equity

None

iii. Segment Information

DOCOMO’s chief operating decision maker (the “CODM”) is its board of directors. The CODM evaluates the performance and makes resource allocations of its segments based on the information provided by DOCOMO’s internal management reports.

DOCOMO realigned its three former operating segments, which had consisted of its mobile communications business, smart life business and other businesses, into three new operating segments, which consist of its telecommunications business, smart life business and other businesses from the fourth quarter of the fiscal year ended March 31, 2015, as a result of realignment of respective businesses to effectively manage DOCOMO’s telecommunications related services triggered by the launch of optical-fiber broadband services. Accordingly, telecommunications services which had been included in other businesses under DOCOMO’s three former operating segments are reclassified to the telecommunications business.

Furthermore, certain Machine-to-Machine (M2M) services for consumers that had been included in other businesses were reclassified to the smart life business from the second quarter of the fiscal year ending March 31, 2016 to reflect the change in its internal organizational structure effective as of July 1, 2015.

The telecommunications business includes mobile phone services (LTE(Xi) services and FOMA services), optical-fiber broadband service, satellite mobile communications services, international services and the equipment sales related to these services. The smart life business includes video and music distribution, electronic books and other services offered through DOCOMO’s “dmarket” portal, as well as finance/payment services, shopping services and various other services to support our customers’ daily lives. The other businesses primarily includes “Mobile Device Protection Service,” as well as development, sales and maintenance of IT systems.

In connection with this realignment, segment information for the six months ended September 30, 2014 and the three months ended September 30, 2014 has been restated to conform, respectively, to the presentation for the six months ended September 30, 2015 and the three months ended September 30, 2015.

Accounting policies used to determine segment operating revenues and operating income (loss) are consistent with those used to prepare the consolidated financial statements in accordance with U.S. GAAP.

Segment operating revenues:


	Millions of yen
	Six months ended September 30, 2014			Six months ended September 30, 2015
Telecommunications business-
External customers	¥	1,825,897		¥	1,806,391
Intersegment		560			617

Subtotal		1,826,457			1,807,008
Smart life business-
External customers		200,575			240,533
Intersegment		7,695			5,778

Subtotal		208,270			246,311
Other businesses-
External customers		146,504			168,063
Intersegment		5,873			5,453

Subtotal		152,377			173,516

Segment total		2,187,104			2,226,835
Elimination		(14,128	)		(11,848	)

Consolidated	¥	2,172,976		¥	2,214,987

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DOCOMO Earnings Release		Six Months Ended September 30, 2015


	Millions of yen
	Three months ended September 30, 2014			Three months ended September 30, 2015
Telecommunications business-
External customers	¥	919,693		¥	928,017
Intersegment		369			367

Subtotal		920,062			928,384
Smart life business-
External customers		102,788			125,018
Intersegment		4,153			2,906

Subtotal		106,941			127,924
Other businesses-
External customers		75,192			85,088
Intersegment		2,933			2,552

Subtotal		78,125			87,640

Segment total		1,105,128			1,143,948
Elimination		(7,455	)		(5,825	)

Consolidated	¥	1,097,673		¥	1,138,123


Segment operating income (loss):
	Millions of yen
	Six months ended September 30, 2014			Six months ended September 30, 2015
Telecommunications business	¥	384,700		¥	420,169
Smart life business		13,373			33,441
Other businesses		1,513			8,964

Consolidated	¥	399,586		¥	462,574


	Millions of yen
	Three months ended September 30, 2014			Three months ended September 30, 2015
Telecommunications business	¥	181,498		¥	207,748
Smart life business		5,740			16,565
Other businesses		2,708			2,865

Consolidated	¥	189,946		¥	227,178

Segment operating income (loss) is segment operating revenues less segment operating expenses.

DOCOMO does not disclose geographical information because the amounts of operating revenues generated outside Japan are immaterial.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

4. Appendices

(1) Operating Data for the 2nd Quarter of the Fiscal Year Ending March 31, 2016

Full-year Forecasts: as revised on October 30, 2015


		Fiscal Year Ended Mar. 31, 2015 Six Months (Apr. - Sep. 2014) Results						Fiscal Year Ending Mar. 31, 2016 Six Months (Apr. - Sep. 2015) Results						[Ref.] Fiscal Year Ended Mar. 31, 2015 Full-year Results			[Ref.] Fiscal Year Ending Mar. 31, 2016 Full-year Forecasts
					Second Quarter (Jul. - Sep. 2014) Results						Second Quarter (Jul. - Sep. 2015) Results			[Ref.] Fiscal Year Ended Mar. 31, 2015 Full-year Results			[Ref.] Fiscal Year Ending Mar. 31, 2016 Full-year Forecasts
*Number of Subscriptions and Other Operating Data*
Cellular Subscriptions	thousands		64,295			64,295			68,494			68,494			66,595			70,400
Including: New Billing Plan Subscriptions	thousands		9,429			9,429			23,777			23,777			17,827			—
LTE(Xi)	thousands		26,215			26,215			34,504			34,504			30,744			37,800
FOMA (1)	thousands		38,080			38,080			33,989			33,989			35,851			32,600
Communication Module Service	thousands		3,464			3,464			4,461			4,461			4,173			—
Net Increase from Previous Period (2)	thousands		1,190			729			1,898			962			3,490			3,800
LTE(Xi)	thousands		4,250			2,171			3,760			1,896			8,779			7,000
FOMA (1)	thousands		(3,060	)		(1,443	)		(1,862	)		(933	)		(5,289	)		(3,200	)
sp-mode Subscriptions	thousands		25,742			25,742			30,209			30,209			28,160			32,000
i-mode Subscriptions	thousands		24,320			24,320			20,581			20,581			22,338			19,300
Churn Rate (2) (3)	%		0.58			0.55			0.58			0.57			0.61			—
Number of Handsets Sold (4)	thousands		10,948			5,792			12,041			6,276			23,751			25,700
*ARPU and MOU*
Aggregate ARPU (5) (6) (7)	yen/month/user		4,160			4,110			4,100			4,190			4,100			4,160
Voice ARPU (8)	yen/month/user		1,310			1,290			1,180			1,240			1,280			1,210
Data ARPU	yen/month/user		2,850			2,820			2,920			2,950			2,820			2,950
Packet ARPU	yen/month/user		2,850			2,820			2,890			2,910			2,820			2,890
“docomo Hikari” ARPU	yen/month/user		—			—			30			40			—			60
MOU (6) (7) (9)	minute/month/user		116			121			131			134			122			—

*	Please refer to “4. (2) Definition and Calculation Methods of ARPU and MOU” for the definition of ARPU and MOU on page 21, and an explanation of the methods used to calculate ARPU and the number of active users.

(1)	Effective March 3, 2008, FOMA subscription became mandatory for subscription to “2in1” services, and those FOMA subscriptions include in the number of FOMA subscribers.

(2)	Data are calculated including communication module services subscriptions.

(3)

Calculation methods have been changed from the First Quarter of the Fiscal Year Ending March 31, 2016. (Accordingly, “Churn Rate” of the Fiscal Year Ended March 31, 2015 Second Quarter (July to September 2014) Results, Six Months (April to September 2014) Results and Full-Year Results have also been changed.) Data are calculated excluding the subscriptions and cancellations of subscriptions of Mobile Virtual Network Operators(MVNOs).

(4)	Sum of new subscriptions, change of subscription from FOMA to LTE(Xi), LTE(Xi) to FOMA, LTE(Xi) handset upgrade by LTE(Xi) subscribers, and FOMA handset upgrade by FOMA subscribers.

(5)

Data are calculated excluding revenues and users from communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs).

(6)	Data Plan subscriptions in the case where the customer contracting for such subscription in his/her name also has a subscription for “Xi” or “FOMA” services in his/her name are not included in the calculation.

(7)

Calculation Methods has been changed from the First Quarter of the Fiscal Year Ending March 31, 2016. (Accordingly, ARPU and MOU of the Fiscal Year Ended March 31, 2015 Second Quarter (July to September 2014) Results, Six Months (April to September 2014) Results, Full-Year Results, and Fiscal Year Ending March 31, 2016 Full-year Forecasts have also been changed.)

(8)	Inclusive of circuit-switched data communication.

(9)

Data are calculated excluding users from communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs).

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(2) Definition and Calculation Methods of ARPU and MOU

i.	Definition of ARPU and MOU

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 user basis. ARPU is calculated by dividing telecommunications services revenues (excluding certain revenues) by the number of active users to our wireless services in the relevant periods, as shown below under “ARPU Calculation Method.” We believe that our ARPU figures provide useful information to analyze the average usage per user 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.

MOU (Minutes of Use): Average monthly communication time per user.

ii.

ARPU Calculation Methods

Aggregate ARPU = Voice ARPU + Packet ARPU + “docomo Hikari” ARPU


- Voice ARPU	:	Voice ARPU Related Revenues (basic monthly charges, voice communication charges) / No. of active users
- Packet ARPU	:	Packet ARPU Related Revenues (basic monthly charges, packet communication charges) / No. of active users
- “docomo Hikari” ARPU	:	A part of other operating revenues (basic monthly charges, voice communication charges) / No. of active users

In addition, the sum of Packet ARPU and “docomo Hikari” ARPU is referred to as Data ARPU.

iii.

Active Users Calculation Method

Sum of No. of active users for each month ((No. of users at the end of previous month + No. of users at the end of current month) / 2) during the relevant period


Notes:
1.		The number of “users” used to calculate ARPU and MOU is the total number of subscriptions, excluding the subscriptions listed below:
		a. Subscriptions of communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs); and
		b. Data Plan subscriptions in the case where the customer contracting for such subscription in his/her name also has a subscription for “Xi” or “FOMA” services in his/her name.
2.		Revenues from communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs) are not included in the ARPU calculation.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

(3) Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures

The reconciliations for the year ending March 31, 2016 (Revised Forecasts) are provided to the extent available without unreasonable efforts.

i. EBITDA and EBITDA margin


	Billions of yen
	Year ending March 31, 2016 (Revised Forecasts)			Year ended March 31, 2015			Six months ended September 30, 2014			Six months ended September 30, 2015
a. EBITDA	¥	1,360.0		¥	1,369.1		¥	743.8		¥	771.4

Depreciation and amortization		(622.0	)		(659.8	)		(323.4	)		(297.1	)
Loss on sale or disposal of property, plant and equipment		(28.0	)		(40.1	)		(20.8	)		(11.7	)
Impairment loss		—			(30.2	)		—			—

Operating income		710.0			639.1			399.6			462.6

Other income (expense)		(7.0	)		4.8			4.5			(10.0	)
Income taxes		(216.0	)		(238.1	)		(141.9	)		(136.0	)
Equity in net income (losses) of affiliates		4.0			(7.8	)		(3.7	)		1.6
Less: Net (income) loss attributable to noncontrolling interests		(1.0	)		12.1			1.0			(1.0	)

b. Net income attributable to NTT DOCOMO, INC.		490.0			410.1			259.5			317.1

c. Operating revenues		4,490.0			4,383.4			2,173.0			2,215.0

EBITDA margin (=a/c)		30.3	%		31.2	%		34.2	%		34.8	%
Net income margin (=b/c)		10.9	%		9.4	%		11.9	%		14.3	%


Note:		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.

ii. ROE


	Billions of yen
	Year ending March 31, 2016 (Revised Forecasts)			Year ended March 31, 2015			Six months ended September 30, 2014			Six months ended September 30, 2015
a. Net income attributable to NTT DOCOMO, INC.	¥	490.0		¥	410.1		¥	259.5		¥	317.1
b. Shareholders’ equity		5,489.1			5,511.7			5,555.8			5,466.5

ROE (=a/b)		8.9	%		7.4	%		4.7	%		5.8	%

Notes:

Shareholders’ equity (for annual period) = The average of NTT DOCOMO, INC. shareholders’ equity, each as of March 31, 2015 (or 2014) and 2016 (or 2015).

Shareholders’ equity (for six months) = The average of NTT DOCOMO, INC. shareholders’ equity, each as of March 31, 2015 (or 2014) and September 30, 2015 (or 2014).

iii. Free cash flows excluding changes in investments for cash management purposes


	Billions of yen
	Year ending March 31, 2016 (Revised Forecasts)			Year ended March 31, 2015			Six months ended September 30, 2014			Six months ended September 30, 2015
Net cash provided by operating activities	¥	1,080.0		¥	963.0		¥	524.3		¥	617.9
Net cash used in investing activities		(600.0	)		(651.2	)		(393.4	)		(319.4	)

Free cash flows		480.0			311.8			131.0			298.5

Changes in investments for cash management purposes		—			16.2			(12.5	)		0.1

Free cash flows excluding changes in investments for cash management purposes		480.0			295.6			143.5			298.4

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 for the year ended March 31, 2015 and September 30, 2015 (or 2014).

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, 2016 due to the difficulties in forecasting such effect.

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DOCOMO Earnings Release		Six Months Ended September 30, 2015

5. Special Note Regarding Forward-Looking Statements

This earning release 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 report were derived using certain assumptions that were 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 market environment in the telecommunications industry, such as intensifying competition from other businesses or other technologies caused by Mobile Number Portability, development of appealing new handsets, new market entrants, mergers among other service providers and other factors, or the expansion of the areas of competition could limit the acquisition of new subscriptions and retention of existing subscriptions by our corporate group, or it may lead to ARPU diminishing at a greater than expected rate, an increase in our costs, or an inability to optimize costs as expected.

(2)	If current and new services, usage patterns, and sales schemes proposed and introduced by our corporate group cannot be developed as planned, or if unanticipated expenses arise the financial condition of our corporate group could be affected and our growth could be limited.

(3)	The introduction or change of various laws or regulations inside and outside of Japan, 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 and could increase our costs.

(5)	Other mobile service providers in the world may not adopt the technologies and the frequency bands that are compatible with those used by our corporate group’s mobile communications system on a continuing basis, which could affect our ability to sufficiently offer international services.

(6)	Our domestic and international investments, alliances and collaborations, as well as investments in new business fields, may not produce the returns or provide the opportunities we expect.

(7)	Malfunctions, defects or imperfections in our products and services or those of other parties may give rise to problems.

(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 others 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 a license or other use of such intellectual property rights, which may result in our inability to offer certain technologies, products and/or services, and our corporate group may also be held liable for damage compensation if we infringe the intellectual property rights of others. In addition, the illicit use by a third party of the intellectual property rights owned by our corporate group could reduce our license revenues actually obtained and may inhibit our competitive superiority.

(11)

Events and incidents caused by natural disasters, social infrastructure paralysis such as power shortages, the proliferation of harmful substances, terror or other destructive acts, the malfunctioning of equipment, software bugs, deliberate incidents induced by computer viruses, cyber-attacks, equipment misconfiguration, hacking, unauthorized access and other problems could cause failure in our networks, distribution channels, and/or other factors necessary for the provision of service, disrupting our ability to offer services to our subscribers and such incidents may adversely affect our credibility or corporate image, or lead to a reduction of revenues and/or increase of costs.

(12)	Concerns about adverse health effects arising from wireless telecommunications may spread and consequently 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 release are the trademarks or registered trademarks of their respective organizations.

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Results Presentation

for the First Six Months of the Fiscal Year Ending March 31, 2016

October 30, 2015

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Results Highlights

Key Financial Data, Segment Results, etc.

Operational Performance

Revised Full-Year Guidance

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FY2015/1H Results Summary U.S.

GAAP

Recovering steadily toward medium -term targets Operating revenues / income: Up year-on-year

Financial Data

Operating revenues: ¥2,215.0 billion(Up 1.9% year-on-year)

Operating income: ¥462.6 billion(Up 15.8% year-on-year)

Operational Data

Net additions: 1.9 million(Up 1.6-fold year-on-year)

New billing plan subs*: 23.78 million(Up 2.5-fold from Sept. 30, 2014)

_docomo Hikari_ subs*: 720,000

Consolidated financial statements in this document are unaudited.

* No. of subscriptions as of September 30, 2015

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U.S.

Selected Financial Data GAAP

FY2014/1H FY2015/1H Changes

(Billions of yen)(1)(2)(2)(1)

Operating revenues 2,173.0 2,215.0 +42.0

Operating expenses 1,773.4 1,752.4 -21.0

Operating income 399.6 462.6 +63.0

Net income attributable to 259.5 317.1 +57.6

NTT DOCOMO, INC.

EBITDA margin (%) *1 34.2 34.8 +0.6

Capital expenditures 292.5 219.5 -73.0

Adjusted free cash flow*1*2 143.5 298.4 +154.9

*1: For an explanation of the calculation processes of these numbers, please see the IR page of our website, www.nttdocomo.co.jp

*2: Adjusted free cash flow excludes the effects of changes in investment derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with

original maturities of longer than three months. 3

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U.S.

Results by Segment GAAP

FY2014/1H FY2015/1H Changes

(Billions of yen)(1)(2)(2)(1)

Operating 1,826.5 1,807.0 -19.4

Telecommunications revenues

business

Operating 384.7 420.2 +35.5

income

Operating revenues 208.3 246.3 +38.0

Smart life

business Operating

income 13.4 33.4 +20.1

Operating revenues 152.4 173.5 +21.1

Other

businesses Operating

income 1.5 9.0 +7.5

_Ref._Smart life Operating revenues 360.6 419.8 +59.2

business and

Other businesses Operating income 14.9 42.4 +27.5

As we realigned our operating segments, former _Mobile communications business_ was changed to _Telecommunications business_ beginning with the full-year results presentation for FY2014.

Accordingly, certain telecommunication service items that had previously been included in _Other businesses_ were reclassified into _Telecommunications business_.

In association with the change of organizational structure that took effect on July 1, 2015, certain types of Machine-to-Machine (M2M) communication services that had previously been included

in _Other businesses_ were reclassified into _Smart life business_ beginning with this results presentation for the first six months of the fiscal year ending March 31, 2016. 4

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Key Factors Behind YOY Changes in U.S. Operating Income GAAP

(FY14/1H FY15/1H)

Increase in Decrease in

other operating network-related

telecommunications Increase in revenues : Decrease in expenses : ¥462.6 billion

Up ¥78.1 billion equipment sales Down ¥19.3 billion

services revenues*1: expenses*2 :

Up ¥35.6 billion Down ¥2.8 billion Increase in

in other operating

¥399.6 billion equipment Decrease sales Up expenses ¥1.1 billion :

revenues :

Down ¥25.0 billion

Impact of

_Monthly Support_

discounts :

Down ¥46.7 billion Equipment sales P/L:

Down ¥22.2 billion

Operating revenues: Operating expenses:

Up¥42.0 billion Down ¥21.0 billion

FY14/1H FY15/1H

*1: Excluding impact of _Monthly Support_ discounts *2: Sum of cost of equipment sold and commissions to agent resellers 5

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Operational Performance (1) Trend of improvement continues

Net adds MNP Churn rate

(Million subs)(Million subs)

1.90

FY14/1H FY15/1H

0.58% 0.58%

1.19 -0.04

-0.18

FY14/1H FY15/1H FY14/1H FY15/1H

The churn rate calculation method was changed from FY2015/1Q. For the churn rate calculation method used in this page, please see the slide _Churn Rate in the presentation material for FY2015/1Q 6

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Operational Performance(2)

Handset sales recording steady increase

Total handsets sold Total smartphones sold

(Million units)(Million units)

Total handsets sold:

12.04 Smartphones sold:

10.95

6.76 7.07

New sales:

5.15

3.66

Tablets sold:

0.72 1.02

FY14/1H FY15/1H FY14/1H FY15/1H

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Smartphone Users

Increasing at a favorable pace

(Million subs)% of LTE-enabled 95%

87% smartphones

30.75

26.36

FY14/2Q 3Q 4Q FY15/1Q 2Q

Numbers in the graph above represent the data as of the end of each quarter. % of LTE-enabled smartphones represents the proportion of LTE subs to total smartphone subs. 8

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New Billing Plan Making favorable progress

Subscriptions Total new billing plan subs topped 24 million

on October 7, 2015

Up-sell% of users choosing _M Pack_ or larger data buckets

grew to approx. 80%

1GB data 1GB data top-up purchase rate grew to

top-up

purchase rate approx. 40%

% of users choosing _M Pack_ or larger data buckets represents the proportion of users choosing _Data M Pack, Data L Pack_ and _Share Pack_ among the total number of users opting to subscribe to

the data packs and share packs of the new billing plan. The number represents the actual performance for FY2015/2Q.

1GB data top-up purchase rate: Purchase frequency of 1GB data top-up Total number of packet packs. The number represents the actual performance for FY2015/2Q. 9

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_docomo Hikari_ Cumulative topped subscription 900,000 applications

Up-sell Over 20% of _docomo Hikari_ subs

have switched to larger bucket plans

New mobile sub

acquisition

_Hikari (No. of subsSumaho Wari_applied discount*) with

Over 40% of _docomo Hikari_ subs are new subscribers to our mobile service

Promotion of Over 50% of _docomo Hikari_ subs

family use have opted to join _Share Pack_

* _Hikari Sumaho Wari_ discount is applicable only to new or MNP port-in subscribers.

The up-sell rate, new subscription acquisition rate, and Share Pack selection rate represent the actual data for FY2015/2Q.

The cumulative number of subscription applications represents the cumulative data from the launch of service through October 20, 2015. 10

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Newly defined ARPU and MOU

Trend of recovery continues

(Yen)

Voice ARPU Packet ARPU docomo Hikari ARPU

4,210 4,190

4,110 4,040 4,030 4,010 40

2,870 2,820 2,780 2,820 2,870 2,910

1,340 1,290 1,260 1,210 1,120 1,240

FY14/1Q 2Q3Q4Q FY15/1Q 2Q

New MOU 111 121 128 126 129 134

(minutes)

For an explanation on newly defined ARPU and MOU, please see the slide _Definition and calculation methods of newly defined ARPU and MOU_ in this document. 11

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Newly defined ARPU

Making progress toward recovery

(Yen)

4,440 4,110 4,190

2,900

2,820

2,910

1,540 1,290 1,240

FY13/2Q FY14/2Q FY15/2Q

Voice ARPU Packet ARPU docomo Hikari ARPU

For an explanation on newly defined ARPU and MOU, please see the slide _Definition and calculation methods of newly defined ARPU and MOU_ in this document. 12

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Smart Life Business & Other Businesses:

Operating Income

Making favorable progress

(Billions of yen)

42.4 Revised

FY15 full-year

Up approx. operating income

3-fold

forecast:

¥70 billion

Main drivers behind FY15/1H operating income growth 14.9

FY14/1H FY15/1H

Content services (_dmarket,_ etc.)

Finance/payment services (credit, etc.)

Group companies

(OAK LAWN MARKETING, INC., etc.)

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_dmarket_ Subscriptions

Growth continues

13.95

(Million subs) _dmarket_ No. of subs (As of Sept. 30, 2015)

_dTV d anime store_

4.76 million subs 2.13 million subs

_dhits dgourmet_

3.37 million subs 570,000 subs

7.8 _dkids dmagazine_

610,000 subs 2.51 million subs

FY14/2Q

4Q FY15/1Q 2Q

No. of _dmarket_ subscriptions in this page accounts for only monthly subscriptions, and one-time transactions are not included.

The numbers in the graph above represent the subscriber count at the end of each quarter. 14

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_dmarket_ Usage Per Subscriber

Growing steadily

(Yen)

Up approx.

30% 1,300

990

FY14/2Q 3Q 4Q FY15/1Q 2Q

The quarterly dmarket usage per subscriber is calculated by dividing the total amount of dmarket transactions for the quarter by the sum of unique users for each

month in the quarter. The amounts are exclusive of tax. 15

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LTE Network

Japan_s fastest mobile network:

130,000 FY2015/1H

115,400 Priority roll-out of 7,700 base stations

Total no. of PREMIUM 4G- in 640 cities across Japan

LTE base enabled base

stations: stations: Launch of 262.5 Mbps service

97,400 18,000

From October 2015

7,700 Launch of 300 Mbps service

(410 cities across Japan)

900 Provision of 337.5 Mbps service at

docomo LOUNGE, etc

Mar. 31, 2015 Sept. 30, 2015 Mar. 31, 2016 in Tokyo, Nagoya and Osaka

(Target)

The transmission speeds described herein are theoretical maximum rates specified in the technical standard, and the actual rate may vary depending on the propagation conditions, etc.

The 262.5 Mbps service is available only in selected areas of Tokyo, Nagoya and Osaka. 300 Mbps is the fastest transmission rate planned in Japan_s mobile communications market as of October 29, 2015.

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Customer Satisfaction

No.1 customer satisfaction ranking in mobile phone service

2015 Japan Mobile Phone Service StudySM by J.D. Power Asia Pacific, which evaluates the overall satisfaction level of users based on the six factors of _communication quality / area coverage,_

_services offered, various costs and charges, handsets, after-sales support_ and _handset purchase experience._

The 2015 study is based on 31,200 responses obtained from mobile phone users residing in Japan for the period of July 2015. www.japan.jdpower. com

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Cost Efficiency Improvement Achieving favorable progress

(Billions of yen)

FY15/1H FY15 full year

1Q actual: Focus areas:

-62 Initial

guidance: _Network_

-210 Capital expenditures, maintenance

2Q actual: outsourcing cost, etc.

-68

_Marketing_

-130 Sales tools, phone bill preparation/

delivery expenses, etc.

Additional _Other_

reduction: R&D, information system, etc.

-10

-220

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FY2015/1H Results Snapshot

Recovering steadily toward medium-term targets. Achieved an increase in

both operating revenues and income over the same period of prior year

Income from Smart life business and Other businesses recorded strong

growth

Cost efficiency improvement progressing favorably, delivering results faster

than initially planned

Net adds and other operational data continued to show improvements

Telecommunications business continued to recover due to the positive

effects of the new billing plan and _docomo Hikari_ optical-fiber broadband

service

Further enhanced comfort of access in LTE service areas with the aggressive

roll-out of PREMIUM 4G service in priority areas

Received No. 1 customer satisfaction ranking in J.D. Power_s mobile phone

study

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Results Highlights

Key Financial Data, Segment Results, etc.

Operational Performance

Revised Full-Year Guidance

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U.S.

FY2015 Full-Year Forecasts (Revised) GAAP

FY2015 FY2015 Changes

(Billions of yen) Initial forecast Revised forecast

(1)(2)(2) (1)

Operating income 680 710 30

Net income attributable to

NTT DOCOMO, INC. 470 490 20

Capital expenditures 630 600

Adjusted free cash flow*1*2

400

480 80

*1: For an explanation of the calculation processes of these numbers, please see the IR page of our website, www.japan.jdpower.com

*2: Adjusted free cash flow excludes the effects of changes in investment derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes

with original maturities of longer than three months. 21

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The new of today, the norm of tomorrow

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Appendices

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Medium -Term Targets for Income Recovery

Item FY2015 revised plan FY2017 target

Operating income ¥710 billion ¥820 billion or higher

(FY2013 ¥819.2 billion)

Operating income

from

Smart life business ¥70 billion Over ¥100 billion

and Other businesses

Cost efficiency

improvement -¥340 billion* -¥400 billion or more

(Compared to FY2013 level)

FY2015-2017

Capital ¥650 billion per

expenditures ¥600 billion annum or less

Shareholder ¥70 (up ¥5) per Enhance shareholder returns

through dividend hike and share

returns share repurchase

*Cumulative cost reduction achieved in FY2014 (¥120 billion) and planned for FY2015 (¥220 billion) 24

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Services, etc., Included in Each Reportable Segment

Telecommunications business

Mobile communications services

Xi services (LTE) International services Sales of handset/equipment

FOMA services (3G) for each service

Optical-fiber broadband service and other telecommunications service

Optical-fiber broadband service Satellite communications services Overseas cable TV service etc.

Smart life business

Content services( _dmarket_ ) Finance/Payment services Life-Related services

Video distribution service Credit service Cooking studio

Music distribution service Proxy bill collection etc. Health management

Electronic book service etc. Shopping services Medical database etc.

Home shopping service

Music software sales

Food delivery etc.

Other businesses

Mobile device insurance services

System development/sales/maintenance services

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U.S.

Operating Revenues GAAP

(Billions of yen)

4,490.0 4,510.0

2,173.0 2,215.0

FY15 FY15

FY14/1H FY15/1H Revised forecast Initial forecast

Telecommunications services 1,393.4 1,382.3 2,786.0 2,755.0

Equipment sales 441.9 416.8 856.0 929.0

Other operating revenues 337.7 415.8 848.0 826.0

_International services revenues_ are included in _Telecommunications services revenues_

Beginning with the full-year results presentation for FY2014, _Telecommunications services revenues_ included in conventional _Other operating revenues_ in the financial statements

for the six months ended September 30, 2014 have been retrospectively reclassified into _Optical-fiber broadband service and other telecommunications services revenues._ 26

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U.S.

Operating Expenses GAAP

(Billions of yen)

3,780.0 3,830.0

1,773.4 1,752.4

FY15 FY15

FY14/1H FY15/1H Revised Initial

forecast forecast

Personnel expenses 141.4 144.3 289.0 296.0

Non-personnel expenses 1,140.0 1,135.3 2,485.0 2,509.0

Depreciation & amortization 323.4 297.1 622.0 625.0

Loss on disposal of property, plant,

equipment and intangible assets 33.6 22.5 58.0 67.0

Communication network charges 114.8 132.9 286.0 293.0

Taxes and public duties 20.2 20.2 40.0 40.0

(Incl)Revenue-linked expenses* 586.2 577.7 1,243.0 1,272.0

(Incl)Other non-personnel expenses 553.8 557.7 1,242.0 1,237.0

Revenue-linked expenses: Cost of equipment sold + commissions to agent resellers + loyalty program expenses 27

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U.S.

Capital Expenditures GAAP

(Billions of yen)

630.0

600.0

292.5

219.5

FY14/1H FY15/1H FY15 FY15

Revised forecast Initial forecast

Telecommunications business (LTE

(Xi)) 185.9 136.9 353.0 366.0

Telecommunications business (FOMA) 0.9 0.2 0.0 0.0

Telecommunications business (other) 96.1 73.1 219.0 235.0

Smart life business 5.7 6.1 18.0 18.0

Others 3.9 3.2 10.0 11.0

As we realigned our operating segments, former _Mobile communications business_ was changed to _Telecommunications business_ beginning with the full-year results presentation for FY2014. 28

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Principal Operational Data and Key Indicators

FY2014/1H FY2015/1H Changes FY2015 FY2015

(1)(2)(2)—(1) Revised forecast Initial forecast

No. of subscriptions (thousands) 64,295 68,494 +4,199 +70,400 69,900

FOMA 38,080 33,989 -4,090 +32,600 32,900

LTE (Xi) 26,215 34,504 +8,289 +37,800 37,000

i-mode 24,320 20,581 -3,738 +19,300 19,100

sp-mode 25,742 30,209 +4,468 +32,000 31,900

Cellular phone Communication module service 3,465 4,465 +1,000 —

Net additional subscriptions (thousands) 1,190 1,898 +708 +3,800 3,300

Handsets sold (thousands)

(Including handsets sold without involving sales by DOCOMO) 10,948 12,041 +1,093 +25,700 24,100

LTE (Xi) 7,779 9,333 +1,554 —

FOMA 3,169 2,709 -460 —

Smartphones sold (thousands) 6,757 7,073 +316 +14,900 15,800

ROE (%)*Net income attributable to NTT DOCOMO, INC/shareholders_ equity 4.7 5.8 1.1 8.9 8.6

Shareholders‘ equity ratio (%) *Shareholders_ equity/ Total assets 77.3 76.7 -0.6 76.4 77.2

Key Indicators

Debt ratio*Interest bearing liabilities/shareholders_ equity 0.042 0.040 -0.002 0.040 0.040

EPS (yen)*Net income attributable to NTT DOCOMO, INC per share 62.61 81.70 19.09 126.24 121.09

* ROE is calculated using the average end-of-period shareholders_ equity for the current and previous fiscal periods.

Numbers of subscriptions are as of the end of each period. 29

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Philosophy behind New ARPU Definition

Changes reflected in new ARPU

Launch of _docomo Hikari_

Start of segment result disclosure, etc.

Increase in no. of users subscribing to

multiple mobile devices, e.g., tablets,

etc.

[Graphic Appears Here]

Added optical-fiber broadband service revenues to the numerator of ARPU formula

Excluded the revenues accounted for in Smart ARPU from the numerator of ARPU formula

Removed data plan subs* from the denominator of ARPU formula

Conventional ARPU New ARPU

Revenues accounted for

in Data ARPU:

Revenues

Voice + Packet + accounted for Voice + Packet +_docomo Hikari_

revenues revenues revenues revenues revenues

in Smart ARPU

No. of subscriptions(*) No. of users(*)

(*): No. of subscriptions after subtracting communication(*): No. of subscriptions after subtracting the number of

Data Plan subscriptions from the denominator of

module and MVNO subscriptions, etc. conventional ARPU

*Standalone data plan subscriptions (with no accompanying voice subscription) are not excluded.

Revenues from communication modules, MVNO service subs., etc., are excluded from the revenues accounted for in ARPU (numerator) . For an explanation of newly defined ARPU, please see the slide _Definition and Calculation Methods of ARPU and MOU_ in this document. 30

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Newly defined ARPU/MOU

Voice ARPU Packet ARPU docomo Hikari ARPU(Yen)

4,210 4,110 4,040 4,030 4,190 4,160

4,010 40 60

2,870 2,820 2,780 2,820 2,870 2,910 2,890

1,340 1,290 1,260 1,210 1,120 1,240 1,210

FY14/1Q 2Q 3Q 4Q FY15/1Q 2Q FY15

(Revised full-year

forecast)

New (minutes) MOU 111 121 128 126 129 134

ARPU and MOU calculation methods were changed beginning with the results presentation for the first three months of the fiscal year ending March 31, 2016. Accordingly, the ARPU and MOU

data for the first quarter of the fiscal year ending March 31, 2016 (April-June 2015) and subsequent periods were also adjusted to align with the new calculation methods retrospectively.

For an explanation on the newly defined ARPU and MOU, please see the slide _Definition and calculation method of newly defined ARPU and MOU_ in this document. 31

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Newly defined ARPU/MOU

(Yen)

Voice ARPU Packet ARPU docomo Hikari ARPU

4,370

4,100 4,160

2,880

2,820 2,890

1,490 1,280 1,210

FY13 FY14 FY15

(Revised full-year forecast)

New MOU 116 122

(minutes)

ARPU and MOU calculation methods were changed beginning with the results presentation for the first three months of the fiscal year ending March 31, 2016. Accordingly, the ARPU and MOU

data for the first quarter of the fiscal year ending March 31, 2016 (April-June 2015) and subsequent periods were also adjusted to align with the new calculation methods retrospectively.

For an explanation on the newly defined ARPU, please see the slide _Definition and calculation method of newly defined ARPU and MOU_ in this document. 32

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Newly defined ARPU

(Exclusive of impacts of discounts)

(Yen)

Voice ARPU Packet ARPU docomo Hikari ARPU

5,280

5,060(1,090) 5,260

5,120 5,040 4,990 5,020(1,050) 40(1,100)

(910)(930)(950)(990) 20 70

3,270 3,200 3,140 3,160 3,210 3,250 3,240

1,850 1,840 1,850 1,860 1,830 1,990 1,950

FY14/1Q 2Q 3Q 4Q FY15/1Q 2Q FY15

(Revised full-year

forecast)

Numbers in parentheses indicate impact of discounts.

ARPU and MOU calculation methods were changed beginning with the results presentation for the first three months of the fiscal year ending March 31, 2016. Accordingly, the ARPU and MOU

data for the first quarter of the fiscal year ending March 31, 2016 (April-June 2015) and subsequent periods were also adjusted to align with the new calculation methods retrospectively.

For an explanation on the newly defined ARPU, please see the slide _Definition and calculation method of newly defined ARPU and MOU_ in this document. 33

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ARPU/MOU

Voice ARPU Packet ARPU Smart ARPU(Yen)

4,450 4,370 4,340 4,340 4,290 4,450 4,400

530 560 620 640 660 690 700

2,670 2,620 2,560 2,580 2,610 2,630 2,610

1,250 1,190 1,160 1,120 1,020 1,130 1,090

FY14/1Q 2Q 3Q 4Q FY15/1Q 2Q FY15 (Revised full-

year forecast)

MOU 103 112 118 115 117 121

(Minutes)

For the definition of the ARPU contained in this page, please see the slide _Definition and calculation methods of ARPU and MOU_ in the presentation material for the full-year results for FY2014 34

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ARPU

(Exclusive of impacts of discounts)

Voice ARPU Packet ARPU Smart ARPU(Yen)

5,300 5,230 5,220 5,240 5,250 5,430 (980) 5,390 (990)

(850)(860)(880)(900)(960)

530 560 620 640 660 690 700

3,040 2,970 2,890 2,890 2,920 2,940 2,920

1,730 1,700 1,710 1,710 1,670 1,800 1,770

FY14/1Q 2Q 3Q 4Q FY15/1Q 2Q FY15 (Revised

full-year forecast)

Numbers in parentheses indicate impact of discounts.

Smart ARPU is not impacted by the discount programs.

For the definition of the ARPU contained in this page, please see the slide _Definition and calculation methods of ARPU and MOU_ in the presentation material for the full-year results for FY2014. 35

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The new of today, the norm of tomorrow

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Definition and Calculation Methods of newly defined ARPU and MOU

Definition of newly defined ARPU and MOU

Newly defined 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 user basis. ARPU is calculated by dividing telecommunications services revenues (excluding certain revenues) by the number of active users of our wireless services in the relevant periods, as shown below _ARPU Calculation Method._ We believe that our ARPU figures provide useful information to analyze the average usage per user 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.

MOU (Minutes of Use):

Average monthly communication time per user.

Newly defined ARPU Calculation Methods

Aggregate ARPU = Voice ARPU + Packet ARPU + _docomo Hikari_ ARPU

- Voice ARPU : Voice ARPU Related Revenues (basic monthly charges, voice communication charges)

/ No. of active users

- Packet ARPU : Packet ARPU Related Revenues (basic monthly charges, packet communication charges)

/ No. of active users

- _docomo Hikari_ ARPU : A part of other/ No. of active users operating revenues (basic monthly charges, voice communication charges) -In addition, the sum of Packet ARPU and _docomo Hikari_ ARPU is referred to as Data ARPU.

iii. Active Users Calculation Method

Sum of No. ofduring the relevant active period users for each month ((No. of users at the end of previous month + No. of users at the end of current month) / 2)

Note:

The number of _users_ used to calculated ARPU and MOU is the total number of subscriptions, excluding the subscriptions listed below:

Subscriptions of communication modules services, _Phone Number Storage, Mail Address Storage, docomo Business Transceiver_ and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs); and

Data Plan subscriptions in the case where the customer contracting for such subscription in his/her name also has a subscription for _Xi_ or _FOMA_ services in his/her name.

Revenues from communication module services, _Phone Number Storage, Mail Address Storage, docomo Business Transceiver_ and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs) are not included in the ARPU calculation.

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Special Note Regarding Forward -Looking Statements

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 were 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:

If current and new services, usage patterns, and sales schemes proposed and introduced by our corporate group cannot be developed as planned, or if unanticipated expenses arise the financial condition of our corporate group could be affected and our growth could be limited.

The introduction or change of various laws or regulations inside and outside of Japan, 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.

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 and could increase our costs.

Other mobile service providers in the world may not adopt the technologies and the frequency bands that are compatible with those used by our corporate group_s mobile communications system on a continuing basis, which could affect our ability to sufficiently offer international services.

Our domestic and international investments, alliances and collaborations, as well as investments in new business fields, may not produce the returns or provide the opportunities we expect.

Malfunctions, defects or imperfections in our products and services or those of other parties may give rise to problems.

Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image.

Inadequate handling of confidential business information including personal information by our corporate group, contractors and others may adversely affect our credibility or corporate image.

Concerns about adverse health effects arising from wireless telecommunications may spread and consequently adversely affect our financial condition and results of operations.

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 presentation are the trademarks or registered trademarks of their respective organizations.