| TOKYO, JAPAN, October 2, 2002 --- NTT DoCoMo, Inc. announced today that its Board of Directors will recognize and post impairment losses for the first half of the fiscal year ending March 31, 2003, to reflect significant drops in the market price or fair value of the shares of some of its overseas investee affiliates. |
| Effects on Financial Report (non-consolidated) The impairment losses shown in the following chart will be recorded in the company's non-consolidated financial statements prepared in accordance with Japanese GAAP as an extraordinary expense based on losses on investments in affiliates. |
| (Billions of yen) |
| Affiliated Companies | Impairment Losses |
| AT&T Wireless Services, Inc. |  339 |
| KPN Mobile N.V. | 108 |
| Hutchison 3G UK Holdings Ltd. | 126 |
| (A) Total impairment losses for overseas investee affiliates | 573 |
| (B) Net assets ended March 31, 2002 (A/B x 100) |
2,405.4 ( 23.8%) |
| (C) Recurring profit for the fiscal year ended March 31, 2002 (A/C x 100) |
406.4 ( 141.0%) |
| (D) Net income for the fiscal year ended March 31, 2002 (A/D x 100) |
(310.7) ( -) |
| Effects on Financial Report (consolidated), and Financial Results Forecast for the Fiscal Year Ending March 31, 2003 The company also announced today that it will prepare and disclose the company's consolidated financial statements in accordance with US GAAP for the first half of the fiscal year ending March 31, 2003, and for future mid-term financial reports, in accordance with the revised regulations for mid-term consolidated financial statements which came into effect in April 2002. The company also expects to recognize impairment charges related to its overseas investee affiliates in its consolidated financial statements prepared in accordance with US GAAP. The impairment losses recognized by the company in its consolidated financial report will be recorded together with the equity portion of gains and losses in investee affiliates as investment losses on equity. The company is currently in the process of calculating the actual amount of the investment losses. The company plans to issue forecasts for the current fiscal year (April 1, 2002-March 31, 2003) in accordance with US GAAP. The forecasts will include the results of different accounting standards and revised operation data for the first half of fiscal year 2003, as well as the impairment charges. The forecasts will be announced upon completion, which is expected to be in November of this year. |
