NTT DOCOMO to Dissolve HIVE Inc. Subsidiary
TOKYO, JAPAN, September 22, 2008 --- NTT DOCOMO, INC. announced today that it will dissolve HIVE Inc., a subsidiary based in Japan.
1.Outline of subsidiary
Company name: HIVE Inc.
Address: 5-4-9 Kanda, Chiyoda-ku, Tokyo, Japan
Representative: Shigemi Suzuki
Business: Management of anime-related web portal sites and marketing of anime-related businesses
Capital: 88,000,000 yen
Shares issued: 1,760 shares
Fiscal year-end: March 31
Employees: 2 (as of August 31, 2008)
Main customers: DOCOMO, etc.
Shareholders: 98.9% owned by DOCOMO
2.Reasons for Dissolution
DOCOMO established HIVE Inc. as part of its program to encourage employee entrepreneurship. The subsidiary's purpose was to manage a social network service and anime-related web portal sites, as well as to provide marketing and consulting services for anime-related businesses. A tightening business environment, however, has made it difficult for the subsidiary to meet its revenue and profit targets, prompting DOCOMO's decision to dissolve the company.
3.Schedule
The dissolution is expected to be completed in February 2009.
4.Impact on DOCOMO's Operating Results
The dissolution is expected to have very little impact on DOCOMO's consolidated and non-consolidated financial results for the year ending March 31, 2009, and DOCOMO is not amending its forecast earnings for the fiscal year ending March 31, 2009 in connection with the dissolution.
About NTT DOCOMO
NTT DOCOMO is the world's leading mobile communications company. DOCOMO serves over 53 million customers, including 45 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMA in 2001. DOCOMO also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by 48 million people. With the addition of credit-card and other e-wallet functions, DOCOMO mobile phones have become highly versatile tools for daily life. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.
1.Outline of subsidiary
Company name: HIVE Inc.
Address: 5-4-9 Kanda, Chiyoda-ku, Tokyo, Japan
Representative: Shigemi Suzuki
Business: Management of anime-related web portal sites and marketing of anime-related businesses
Capital: 88,000,000 yen
Shares issued: 1,760 shares
Fiscal year-end: March 31
Employees: 2 (as of August 31, 2008)
Main customers: DOCOMO, etc.
Shareholders: 98.9% owned by DOCOMO
2.Reasons for Dissolution
DOCOMO established HIVE Inc. as part of its program to encourage employee entrepreneurship. The subsidiary's purpose was to manage a social network service and anime-related web portal sites, as well as to provide marketing and consulting services for anime-related businesses. A tightening business environment, however, has made it difficult for the subsidiary to meet its revenue and profit targets, prompting DOCOMO's decision to dissolve the company.
3.Schedule
The dissolution is expected to be completed in February 2009.
4.Impact on DOCOMO's Operating Results
The dissolution is expected to have very little impact on DOCOMO's consolidated and non-consolidated financial results for the year ending March 31, 2009, and DOCOMO is not amending its forecast earnings for the fiscal year ending March 31, 2009 in connection with the dissolution.
About NTT DOCOMO
NTT DOCOMO is the world's leading mobile communications company. DOCOMO serves over 53 million customers, including 45 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMA in 2001. DOCOMO also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by 48 million people. With the addition of credit-card and other e-wallet functions, DOCOMO mobile phones have become highly versatile tools for daily life. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.
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