Filed by Bowne Pure Compliance
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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 February, 2009.
Commission File Number: 001-31221
Total number of pages: 13
 
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 þ               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):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
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):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o                No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
 
 

 

 


 

Information furnished in this form:
         
1.  

 

 


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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.
         
  NTT DoCoMo, Inc.
 
 
Date: February 4, 2009  By:   /s/ OSAMU HIROKADO    
    Osamu Hirokado   
    Head of Investor Relations   
 

 

 


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NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
DECEMBER 31, 2008 and MARCH 31, 2008
                 
    Millions of yen  
    December 31, 2008     March 31, 2008  
ASSETS
               
Current assets:
               
Cash and cash equivalents
  ¥ 501,131     ¥ 646,905  
Short-term investments
    28,163       52,208  
Accounts receivable
    988,364       686,673  
Allowance for doubtful accounts
    (13,633 )     (15,037 )
Inventories
    167,625       146,584  
Deferred tax assets
    84,559       108,037  
Prepaid expenses and other current assets
    179,568       142,410  
 
           
Total current assets
    1,935,777       1,767,780  
 
           
Property, plant and equipment:
               
Wireless telecommunications equipment
    5,384,226       5,346,486  
Buildings and structures
    807,713       797,904  
Tools, furniture and fixtures
    529,000       536,718  
Land
    199,141       198,958  
Construction in progress
    116,336       128,042  
Accumulated depreciation and amortization
    (4,302,350 )     (4,173,501 )
 
           
Total property, plant and equipment, net
    2,734,066       2,834,607  
 
           
Non-current investments and other assets:
               
Investments in affiliates
    364,543       349,488  
Marketable securities and other investments
    150,459       187,361  
Intangible assets, net
    551,044       555,259  
Goodwill
    157,176       158,889  
Other assets
    283,355       234,047  
Deferred tax assets
    205,201       123,403  
 
           
Total non-current investments and other assets
    1,711,778       1,608,447  
 
           
Total assets
  ¥ 6,381,621     ¥ 6,210,834  
 
           
 
               
LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS’ EQUITY
               
Current liabilities:
               
Current portion of long-term debt
  ¥ 15,000     ¥ 75,662  
Short-term borrowings
    61,898       1,712  
Accounts payable, trade
    613,221       717,453  
Accrued payroll
    40,187       53,538  
Accrued interest
    1,241       710  
Accrued income taxes
    172,295       203,645  
Other current liabilities
    175,379       181,595  
 
           
Total current liabilities
    1,079,221       1,234,315  
 
           
Long-term liabilities:
               
Long-term debt (exclusive of current portion)
    564,895       401,090  
Liability for employees’ retirement benefits
    123,733       116,888  
Other long-term liabilities
    237,177       180,757  
 
           
Total long-term liabilities
    925,805       698,735  
 
           
Total liabilities
    2,005,026       1,933,050  
 
           
Minority interests
    1,541       1,288  
 
           
Shareholders’ equity:
               
Common stock
    949,680       949,680  
Additional paid-in capital
    948,571       948,571  
Retained earnings
    3,027,680       2,793,814  
Accumulated other comprehensive income (loss)
    (33,052 )     410  
Treasury stock, at cost
    (517,825 )     (415,979 )
 
           
Total shareholders’ equity
    4,375,054       4,276,496  
 
           
Commitments and contingencies
               
 
           
Total liabilities, minority interests and shareholders’ equity
  ¥ 6,381,621     ¥ 6,210,834  
 
           
See accompanying notes to consolidated financial statements (unaudited).

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
AND COMPREHENSIVE INCOME (UNAUDITED)
NINE MONTHS ENDED DECEMBER 31, 2008
         
    Millions of yen  
    Nine months ended  
    December 31, 2008  
Operating revenues:
       
Wireless services
  ¥ 2,911,115  
Equipment sales
    467,645  
Total operating revenues
    3,378,760  
 
     
Operating expenses:
       
Cost of services (exclusive of items shown separately below)
    633,082  
Cost of equipment sold (exclusive of items shown separately below)
    621,201  
Depreciation and amortization
    582,300  
Selling, general and administrative
    795,392  
Total operating expenses
    2,631,975  
 
     
Operating income
    746,785  
 
     
Other income (expense):
       
Interest expense
    (3,566 )
Interest income
    1,673  
Other, net
    (35,499 )
Total other income (expense)
    (37,392 )
 
     
Income before income taxes, equity in net income of affiliates and minority interests
    709,393  
 
     
Income taxes:
       
Current
    324,721  
Deferred
    (45,305 )
Total income taxes
    279,416  
 
     
Income before equity in net income of affiliates and minority interests
    429,977  
 
     
Equity in net income of affiliates, net of applicable taxes
    7,748  
Minority interests
    (20 )
 
     
Net income
  ¥ 437,705  
 
     
 
       
Other comprehensive income (loss):
       
Unrealized holding losses on available-for-sale securities, net of applicable taxes
    (7,506 )
Net revaluation of financial instruments, net of applicable taxes
    (212 )
Foreign currency translation adjustment, net of applicable taxes
    (25,269 )
Pension liability adjustment, net of applicable taxes
    (475 )
 
     
Comprehensive income
  ¥ 404,243  
 
     
 
       
PER SHARE DATA
       
Weighted average common shares outstanding — Basic and Diluted (shares)
    42,341,664  
 
     
Basic and Diluted earnings per share (yen)
  ¥ 10,337.45  
 
     
See accompanying notes to consolidated financial statements (unaudited).

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
AND COMPREHENSIVE INCOME (UNAUDITED)
THREE MONTHS ENDED DECEMBER 31, 2008
         
    Millions of yen  
    Three months ended  
    December 31, 2008  
Operating revenues:
       
Wireless services
  ¥ 962,575  
Equipment sales
    148,401  
Total operating revenues
    1,110,976  
 
     
Operating expenses:
       
Cost of services (exclusive of items shown separately below)
    219,350  
Cost of equipment sold (exclusive of items shown separately below)
    213,174  
Depreciation and amortization
    233,913  
Selling, general and administrative
    274,700  
Total operating expenses
    941,137  
 
     
Operating income
    169,839  
 
     
Other income (expense):
       
Interest expense
    (1,168 )
Interest income
    628  
Other, net
    (20,062 )
Total other income (expense)
    (20,602 )
 
     
Income before income taxes, equity in net income of affiliates and minority interests
    149,237  
 
     
Income taxes:
       
Current
    90,889  
Deferred
    (30,869 )
Total income taxes
    60,020  
 
     
Income before equity in net income of affiliates and minority interests
    89,217  
 
     
Equity in net income of affiliates, net of applicable taxes
    1,827  
Minority interests
    2  
 
     
Net income
  ¥ 91,046  
 
     
 
       
Other comprehensive income (loss):
       
Unrealized holding losses on available-for-sale securities, net of applicable taxes
    (1,560 )
Net revaluation of financial instruments, net of applicable taxes
    (53 )
Foreign currency translation adjustment, net of applicable taxes
    (8,599 )
Pension liability adjustment, net of applicable taxes
    (113 )
 
     
Comprehensive income
  ¥ 80,721  
 
     
 
       
PER SHARE DATA
       
Weighted average common shares outstanding — Basic and Diluted (shares)
    42,212,938  
 
     
Basic and Diluted earnings per share (yen)
  ¥ 2,156.83  
 
     
See accompanying notes to consolidated financial statements (unaudited).

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
NINE MONTHS ENDED DECEMBER 31, 2008
         
    Millions of yen  
    Nine months ended  
    December 31, 2008  
Cash flows from operating activities:
       
Net income
  ¥ 437,705  
Adjustments to reconcile net income to net cash provided by operating activities–
       
Depreciation and amortization
    582,300  
Deferred taxes
    (40,578 )
Loss on sale or disposal of property, plant and equipment
    24,667  
Other than temporary impairment of marketable securities and other investments
    28,648  
Equity in net income of affiliates
    (13,009 )
Minority interests
    20  
Changes in assets and liabilities:
       
(Increase) in accounts receivable
    (301,659 )
(Decrease) in allowance for doubtful accounts
    (1,408 )
(Increase) in inventories
    (20,963 )
(Increase) in prepaid expenses and other current assets
    (18,307 )
(Increase) in installment receivables for handsets (non-current)
    (51,091 )
(Decrease) in accounts payable, trade
    (31,163 )
(Decrease) in accrued income taxes
    (31,350 )
(Decrease) in other current liabilities
    (6,440 )
Increase in liability for employees’ retirement benefits
    6,845  
Increase in other long-term liabilities
    51,969  
Other, net
    11,941  
 
     
Net cash provided by operating activities
    628,127  
 
     
Cash flows from investing activities:
       
Purchases of property, plant and equipment
    (415,247 )
Purchases of intangible and other assets
    (176,659 )
Purchases of non-current investments
    (50,212 )
Proceeds from sale of non-current investments
    568  
Purchases of short-term investments
    (30,736 )
Redemption of short-term investments
    4,593  
Proceeds from redemption of long-term bailment for consumption to a related party
    50,000  
Other, net
    (7,270 )
 
     
Net cash used in investing activities
    (624,963 )
 
     
Cash flows from financing activities:
       
Proceeds from long-term debt
    179,913  
Repayment of long-term debt
    (77,441 )
Proceeds from short-term borrowings
    62,074  
Repayment of short-term borrowings
    (1,958 )
Principal payments under capital lease obligations
    (2,098 )
Payments to acquire treasury stock
    (101,846 )
Dividends paid
    (203,839 )
Other, net
    (3 )
 
     
Net cash used in financing activities
    (145,198 )
 
     
Effect of exchange rate changes on cash and cash equivalents
    (3,740 )
 
     
Net (decrease) in cash and cash equivalents
    (145,774 )
 
     
Cash and cash equivalents at beginning of period
    646,905  
 
     
Cash and cash equivalents at end of period
  ¥ 501,131  
 
     
Supplemental disclosures of cash flow information:
       
Cash received during the period for:
       
Income taxes
  ¥ 21,430  
Cash paid during the period for:
       
Interest, net of amount capitalized
    3,035  
Income taxes
    380,352  
See accompanying notes to consolidated financial statements (unaudited).

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
1. Basis of Presentation:
The accompanying quarterly consolidated financial statements of NTT DoCoMo, Inc. and its subsidiaries (the “Company” or “DOCOMO”) were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Since DOCOMO’s American Depositary Shares were listed on the New York Stock Exchange in March 2002, DOCOMO has prepared its consolidated financial statements pursuant to the terminology, forms and preparation methods required in order to issue American Depositary Shares, which are registered with the Securities and Exchange Commission of the United States of America.
2. Summary of significant accounting and reporting policies:
(1) Adoption of a new accounting standard—
Fair Value Measurements
Effective April 1, 2008, DOCOMO adopted Financial Accounting Standards Board (“FASB”) Statement (“SFAS”) No. 157 “Fair Value Measurements”. SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. Although the definition of fair value retains the exchange price notion in earlier definitions of fair value, SFAS No. 157 clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market and emphasizes that fair value is a market-based measurement, rather than an entity-specific measurement. SFAS No. 157 also expands disclosures about the use of fair value to measure assets and liabilities subsequent to initial recognition through fair value hierarchy as a framework for measurement. The initial adoption of SFAS No. 157 did not have a material impact on DOCOMO’s results of operations and financial position. The disclosure required by SFAS No. 157 was omitted.
(2) Change in Accounting Estimate —
Effective October 1, 2008, DOCOMO decreased the estimated useful lives of our long lived assets related to our 2G mova mobile phone services. This change in accounting estimate was due to the scheduled termination of mova services on March 31, 2012. As mova subscribers have been steadily migrating to DOCOMO’s 3G service, FOMA, the Company has decided to discontinue mova services and concentrate on FOMA services. The change resulted in a decrease of ¥46,842 million in “Income before income taxes, equity in net income of affiliates and minority interests”, ¥27,684 million in “Net income” and ¥655.82 in “Basic and Diluted earnings per share” in the accompanying consolidated statement of income and comprehensive income for the three months ended December 31, 2008, in accordance with SFAS No. 154,“Accounting Changes and Error Corrections, a replacement of Accounting Principles Board (APB) Opinion No. 20 and FASB Statement No. 3”. Prior periods have not been adjusted for this change.

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — (Continued)
3. Shareholders’ equity:
Effective May 1, 2006, the Corporate Law of Japan provides that (i) dividends of earnings require approval at a general meeting of shareholders, (ii) interim cash dividends can be distributed upon the approval of the board of directors, if the Articles of Incorporation provide for such interim cash dividends and (iii) an amount equal to at least 10% of decrease in retained earnings by dividends payment be appropriated from retained earnings to a legal reserve up to 25% of capital stock. The legal reserve is available for distribution upon approval of the shareholders.
In the general meeting of shareholders held on June 20, 2008, the shareholders approved cash dividends of ¥102,307 million or ¥2,400 per share, payable to shareholders of record as of March 31, 2008, which were declared by the board of directors on April 25, 2008. The source of dividends was “Retained Earnings”. DOCOMO started to pay the dividends on June 23, 2008.
On October 31, 2008, the board of directors declared cash dividends of ¥101,532 million or ¥2,400 per share, payable to shareholders of record as of September 30, 2008. The source of dividends was “Retained Earnings”. DOCOMO started to pay the dividends on November 21, 2008.
Issued shares and Treasury stock
The changes in the number of issued shares and treasury stock for the nine months ended December 31, 2008 are summarized as follows, where fractional shares are rounded off:
                 
    Number of issued     Number of treasury  
    shares     stock  
As of March 31, 2008
    44,870,000       2,242,073  
 
           
Acquisition of treasury stock based on the resolution by the general meeting of shareholders
          311,322  
Acquisition of treasury stock at the request of dissenting shareholders against the merger
          11,711  
Acquisition of fractional shares
          4  
 
           
As of September 30, 2008
    44,870,000       2,565,110  
 
           
Acquisition of treasury stock based on the resolution by the general meeting of shareholders
          306,189  
 
           
As of December 31, 2008
    44,870,000       2,871,299  
 
           
DOCOMO has not issued shares other than shares of its common stock.
In the general meeting of shareholders held on June 20, 2008, the shareholders approved a stock repurchase plan under which DOCOMO could repurchase up to 900,000 shares at an aggregate amount not to exceed ¥150,000 million during the year started June 21, 2008 in order to improve capital efficiency and to implement flexible capital policies in accordance with the business environment.
DOCOMO acquired treasury stock at the request of dissenting shareholders, made pursuant to paragraph (1) of Article 797 of the Corporate Law of Japan, against the merger under which our regional subsidiaries were dissolved and merged into the Company as of July 1, 2008.
Effective August 1, 2008, we abolished the fractional share system.

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — (Continued)
Aggregate number and price of shares repurchased for the nine months and three months ended December 31, 2008 were as follows:
                 
    Share/Millions of yen  
    Nine months ended     Three months ended  
    December 31, 2008     December 31, 2008  
Aggregate number of shares repurchased
  629,226 shares   306,189 shares
Aggregate price of shares repurchased
  ¥ 101,846     ¥ 49,997  
Per share data —
Per share data is summarized as follows:
                 
    Yen  
    Nine months ended     Three months ended  
    December 31, 2008     December 31, 2008  
 
               
Basic and Diluted earnings per share
  ¥ 10,337.45     ¥ 2,156.83  
                 
    Yen  
    December 31, 2008     March 31, 2008  
 
               
Shareholders’ equity per share
  ¥ 104,171.17     ¥ 100,321.46  
4. Segment reporting:
From a resource allocation perspective, DOCOMO views itself as having two business segments. The mobile phone business segment includes FOMA services, mova services, packet communications services, satellite mobile communications services, international services and the equipment sales related to these services. The miscellaneous businesses segment includes high-speed internet connection and video-clip casting services for hotel facilities, advertisement services, development, sales and maintenance of IT systems, credit services and other miscellaneous services, which in the aggregate are not significant in amount. DOCOMO terminated its PHS services on January 7, 2008.
DOCOMO identifies its reportable segments based on the nature of services included, as well as the characteristics of the telecommunications networks used to provide those services. DOCOMO’s management monitors and evaluates the performance of its segments based on the information that follows as derived from the Company’s management reports. Segment information is prepared in accordance with U.S. GAAP.

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — (Continued)
Segment information for the three months and nine months ended December 31, 2008 was as follows:
                         
    Millions of yen  
Three months ended   Mobile phone     Miscellaneous        
December 31, 2008   business     businesses     Consolidated  
Operating revenues
  ¥ 1,095,723     ¥ 15,253     ¥ 1,110,976  
Operating expenses
    920,388       20,749       941,137  
 
                 
Operating income (loss)
  ¥ 175,335     ¥ (5,496 )   ¥ 169,839  
 
                 
                         
    Millions of yen  
Nine months ended   Mobile phone     Miscellaneous        
December 31, 2008   business     businesses     Consolidated  
Operating revenues
  ¥ 3,332,214     ¥ 46,546     ¥ 3,378,760  
Operating expenses
    2,569,306       62,669       2,631,975  
 
                 
Operating income (loss)
  ¥ 762,908     ¥ (16,123 )   ¥ 746,785  
 
                 
DOCOMO does not disclose geographical segments, since operating revenues generated outside Japan are immaterial.
5. Contingencies:
Litigation —
As of December 31, 2008, DOCOMO had no litigation or claims outstanding, pending or threatened against which in the opinion of management would have a materially adverse effect on its results of operations or financial position.
Guarantees —
DOCOMO applied FASB Interpretation (“FIN”) No. 45 “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others” (“FIN 45”). FIN 45 requires that if a company issues or modifies a guarantee, the company must recognize an initial liability for the fair value of the obligations it has undertaken and must disclose that information in its financial statements.
DOCOMO enters into agreements in the normal course of business that provide guarantees for counterparties. These counterparties include subscribers, related parties, foreign wireless telecommunications service providers and other business partners. While most of the guarantees provided for subscribers relate to product defects of cellular phone handsets sold by DOCOMO, DOCOMO is provided with similar guarantees by the handset vendors. Though the guarantees or indemnifications provided in transactions other than those with the subscribers are different in each contract, the likelihood of almost all of the performance of these guarantees or indemnifications is remote and the amount of payments that could be claimed against DOCOMO is not specified in almost all of the contracts. Historically, DOCOMO has not made any significant guarantee or indemnification payments under such agreements. DOCOMO estimates the fair value of the obligations related to these agreements is not significant. Accordingly, no liabilities were recognized for these obligations as of December 31, 2008.

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — (Continued)
6. Derivative financial instruments:
As of December 31, 2008, derivative financial instruments held for foreign exchange risk management purpose are considered both as important to our operations and having changed significantly compared to the amounts as of March 31, 2008. Financial instruments which are designated as hedges are excluded.
The contract amounts of the derivative financial instruments as of December 31, 2008 and March 31, 2008 were as follows:
                 
    Millions of yen  
    December 31, 2008     March 31, 2008  
Foreign exchange risk management
               
Non-deliverable forward contracts
  ¥ 244,114        
Foreign exchange forward contracts
    922     ¥ 4,731  
 
           
Total
  ¥ 245,036     ¥ 4,731  
 
           
On November 12, 2008, DOCOMO entered into an agreement with Tata Sons Limited, the prime promoter for Tata companies, and Tata Teleservices Limited (TTSL), under which DOCOMO will acquire 26 percent of TTSL’s common shares for approximately 130.7 billion Indian rupees. DOCOMO entered into non-deliverable forward contracts to manage foreign exchange risks associated with this investment.
The gains or losses of the derivative financial instruments for the nine months and three months ended December 31, 2008, recorded as “Other, net” in “Other income (expense)” in the accompanying consolidated statements of income and comprehensive income, were as follows:
                 
    Millions of yen  
    Nine months ended     Three months ended  
    December 31, 2008     December 31, 2008  
Foreign exchange risk management
               
Non-deliverable forward contracts
  ¥ (13,975 )   ¥ (13,975 )
Foreign exchange forward contracts
    6       6  
 
           
Total
  ¥ (13,969 )   ¥ (13,969 )
 
           

 

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NTT DOCOMO, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) — (Continued)
The locations and carrying amounts of the derivative financial instruments as of December 31, 2008 and March 31, 2008, recorded in the accompanying consolidated balance sheets, were as follows:
                         
            Millions of yen  
            December 31, 2008     March 31, 2008  
Assets derivatives                    
  Foreign exchange risk management                
 
 
Instruments
 
Locations
               
 
  Non-deliverable   “Prepaid expenses and                
 
 
forward contracts
 
other current assets”
           
 
  Foreign exchange   “Prepaid expenses and                
 
 
forward contracts
 
other current assets”
  ¥ 6        
 
                   
 
Total         ¥ 6        
 
                   
                         
            Millions of yen  
            December 31, 2008     March 31, 2008  
Liability derivatives                    
  Foreign exchange risk management                
 
 
Instruments
 
Locations
               
 
  Non-deliverable                    
 
 
forward contracts
  “Other current liabilities”   ¥ 13,975        
 
  Foreign exchange                    
 
 
forward contracts
  “Other current liabilities”         ¥ 16  
 
                   
 
Total         ¥ 13,975     ¥ 16  
 
                   
Our carrying amounts of the derivative financial instruments are equal to the fair values. The fair values were obtained from counterparty financial institutions and represent the amount that DOCOMO could have settled with counterparties to terminate the transactions as of December 31, 2008 and March 31, 2008.
7. Subsequent event:
There was no significant subsequent event to be disclosed.

 

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