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NTT DoCoMo, Inc. to Acquire All Outstanding Shares of its Regional Subsidiaries Through Share Exchanges, for which it will Reduce its Statutory Reserve and Repurchase Some Shares

Financials
NTT DoCoMo, Inc. (hereinafter referred to as "we" or "DoCoMo") announced today that it has entered into memoranda of understanding, dated May 8, 2002, with NTT DoCoMo Hokkaido, Inc., NTT DoCoMo Tohoku, Inc., NTT DoCoMo Tokai, Inc., NTT DoCoMo Hokuriku, Inc., NTT DoCoMo Kansai, Inc., NTT DoCoMo Chugoku, Inc., NTT DoCoMo Shikoku, Inc. and NTT DoCoMo Kyushu, Inc. (collectively, the "Regional Subsidiaries") which provide that the Regional Subsidiaries shall become wholly-owned subsidiaries of DoCoMo by way of share exchanges.

DoCoMo also announced today that its Board of Directors, at a meeting held on May 8, 2002, passed a resolution to seek shareholder approval for a reduction of its statutory reserve and repurchase of its own shares pursuant to Paragraph 2 of Article 289 and Article 210 of the Commercial Code of Japan.

For more information, Please see the attachment.

Share Exchanges (.pdf)

Reduction of Statutory Reserve (.pdf)

Repurchase of Shares
(Share Repurchase Pursuant to Commercial Code Article 210) (.pdf)



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