NTT Mobile Communications Network, Inc.
IBJ Securities Co., Ltd.
Internet Research Institute, Inc.
| NTT Mobile Communications Network, Inc. ("NTT DoCoMo"), IBJ Securities Co., Ltd. ("IBJS"), Internet Research Institute, Inc. ("IRI"), and Ikuo Nishioka, former Chairman of Intel K.K., have agreed to jointly establish a venture capital company (the "Company") to invest in mobile communications, internet and related businesses. A Memorandum of Understanding was concluded on October 14, 1999, and the Company is scheduled to be established at the end of October 1999. The Company plans to raise a fund to invest in mobile communications, internet and related businesses by the end of this year with investment to start in January 2000. The Company, through the fund, will provide financial and managerial support to venture businesses engaged in developing technologies, content and services in the mobile communications and internet businesses. By assisting growth of the venture businesses which are expected to play an important role in the advanced technology area of the Japanese economy in the 21st century, the Company aims to contribute to the development of Japan's mobile communications and internet industry. A profile of the Company and other details are provided in the attachment. |
Attachment
1. Profile of the Company (Proposed)
| (1) Name : | Mobile Internet Capital, Inc. |
| (2) Establishment : | End of October 1999 |
| (3) Head office: | Minato-ku, Tokyo |
| (4) Representative : | Ikuo Nishioka, Representative Director |
| (5) Capitalization : | 100 million yen |
| (6) Share ownership : | NTT Mobile Communications Network, Inc. 30% IBJ Securities Co., Ltd. 30% Internet Research Institute, Inc. 30% Ikuo Nishioka 10% |
| (7) Role of shareholders : | The major responsibilities of shareholders are : NTT Mobile Communications Network, Inc. and Internet Research Institute, Inc. -Evaluation of technologies and services IBJ Securities Co., Ltd. -Provision of financial advice and support of initial public offerings Ikuo Nishioka (and other venture capitalists) -Investment evaluation and managerial advice |
2. Outline of the Fund (Proposed)
| (1) Assets under management : | 5 billion yen (approx.) |
| (2) Areas of investment : | Mobile communications, internet and related businesses |
| (3) Establishment : | December 1999 |
| (4) Name : | (To be determined) |
3. Profile of Shareholding Companies
| NTT Mobile Communications Network,
Inc. |
IBJ Securities Co., Ltd. |
Internet Research Institute,
Inc. |
|
| Established |
July 1992 |
July 1993 |
December 1996 |
| Address (Head Office) |
10-1, Toranomon |
5-1, Otemachi |
12-13, Toranomon |
| Representative |
Keiji Tachikawa |
Hiroshi Nakamura |
Hiroshi Fujiwara |
| Capitalization |
474,499 million yen |
50,000 million yen |
350 million yen |
4. Image of the Scheme
Attachment: Image of Scheme(.pdf)
