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 January, 2017

Commission File Number: 001-31221

Total number of pages: 54

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  ☒ 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):  ☐

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):  ☐

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: January 27, 2017	By:	/s/ KATSUYUKI TAKAGI
		Katsuyuki Takagi Head of Investor Relations

Information furnished in this form:

1. Earnings release for the nine months ended December 31, 2016

2. Results presentation for the first nine months of the fiscal year ending March 31, 2017

Earnings Release	January 27, 2017
For the Nine Months Ended December 31, 2016	[U.S. GAAP]

Name of registrant:	NTT DOCOMO, INC. (URL https://www.nttdocomo.co.jp/)
Code No.:	9437
Stock exchange on which the Company’s shares are listed:	Tokyo Stock Exchange-First Section
Representative:	Kazuhiro Yoshizawa, Representative Director, President and Chief Executive Officer
Contact:	Koji Otsuki, Senior Manager, General Affairs Department / TEL +81-3-5156-1111
Scheduled date for filing of quarterly report:	February 2, 2017
Scheduled date for dividend payment:	—
Supplemental material on quarterly results:	Yes
Presentation on quarterly results:	Yes (for institutional investors and analysts)

(Amounts are rounded off to the nearest 1 million yen.)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2016 (April 1, 2016 - December 31, 2016)

(1) Consolidated Results of Operations

(Millions of yen, except per share amounts)

	Operating Revenues				Operating Income				Income Before Income Taxes and Equity in Net Income (Losses) of Affiliates				Net Income Attributable to NTT DOCOMO, INC.
Nine months ended December 31, 2016		3,469,593	2.5	%		842,336	22.9	%		846,165	24.9	%		589,426	19.7	%
Nine months ended December 31, 2015		3,383,460	1.7	%		685,505	16.8	%		677,377	13.8	%		492,449	29.0	%

(Percentages above represent changes compared to the corresponding period of the previous year)

(Note)	Comprehensive income attributable to NTT DOCOMO, INC.:	For the nine months ended December 31, 2016:	562,051 million yen	17.2	%
		For the nine months ended December 31, 2015:	479,714 million yen	20.0	%

	Basic Earnings per  Share Attributable to NTT DOCOMO, INC.	Diluted Earnings per Share Attributable to NTT DOCOMO, INC.
Nine months ended December 31, 2016	157.89 (yen)		—
Nine months ended December 31, 2015	126.87 (yen)		—

(2) Consolidated Financial Position

(Millions of yen, except per share amounts)

	Total Assets	Total Equity (Net Assets)	NTT DOCOMO, INC. Shareholders’ Equity	Shareholders’ Equity Ratio	NTT DOCOMO, INC. Shareholders’ Equity per Share
December 31, 2016	7,196,513	5,465,291	5,430,946	75.5%	1,466.01 (yen)
March 31, 2016	7,214,114	5,343,105	5,302,248	73.5%	1,409.94 (yen)

2. Dividends

	Cash Dividends per Share (yen)
	End of the First Quarter		End of the Second Quarter		End of the Third Quarter		Year End		Total
Year ended March 31, 2016		—		35.00		—		35.00		70.00
Year ending March 31, 2017		—		40.00		—
Year ending March 31, 2017 (Forecasts)								40.00		80.00

(Note)  Revisions to the forecasts of dividends: None

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2017 (April 1, 2016 - March 31, 2017)

(Millions of yen, except per share amounts)

	Operating Revenues				Operating Income				Income Before Income Taxes and  Equity in Net Income (Losses) of Affiliates				Net Income Attributable to NTT DOCOMO, INC.				Basic Earnings per Share Attributable to NTT DOCOMO, INC.
Year ending March 31, 2017		4,610,000	1.8	%		940,000	20.0	%		936,000	20.3	%		655,000	19.4	%	176.68 (yen)

(Percentages above represent changes compared to the corresponding previous year)

(Note)  Revisions to the forecasts of consolidated financial results: None

* Notes:

(1)    Changes in significant subsidiaries:	None
(Changes in significant subsidiaries for the nine months ended December 31, 2016 which resulted in changes in scope of consolidation)
(2)    Application of simplified or exceptional accounting:	None
(3)    Changes in accounting policies
i.   Changes due to revision of accounting standards and other regulations:	None
ii.   Others:	Yes
(Refer to “2. (3) Change in Accounting Policies” on page 13.)

(4)    Number of issued shares (common stock)
i.   Number of issued shares (inclusive of treasury stock):	As of December 31, 2016:	3,958,543,000 shares
	As of March 31, 2016:	3,958,543,000 shares
ii.   Number of treasury stock:	As of December 31, 2016:	253,957,417 shares
	As of March 31, 2016:	197,926,250 shares
iii.  Number of weighted average common shares outstanding:	For the nine months ended December 31, 2016: For the nine months ended December 31, 2015:	3,733,198,134 shares 3,881,483,818 shares

* Presentation on the status of quarterly review procedure:

This earnings release is not subject to the quarterly review procedure as required by the Financial Instruments and Exchange Act of Japan. As of the date when this earnings release was issued, the quarterly review procedure on financial statements as required by the Financial Instruments and Exchange Act of Japan had not been finalized.

* Explanation for forecasts of operations and other notes:

1. Forecast of results

Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently available and certain assumptions that we regard as reasonable, and therefore actual results may differ materially from those contained in, or suggested by, any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the fiscal year ending March 31, 2017, refer to “1. (3) Prospects for the Fiscal Year Ending March 31, 2017” on page 12 and “5. Special Note Regarding Forward-Looking Statements” on page 21, contained in the attachment.

2. Resolution of share repurchase up to prescribed maximum limit

The forecasts of “Basic Earnings per Share Attributable to NTT DOCOMO, INC.” for the fiscal year ending March 31, 2017 are based on the assumption that DOCOMO will repurchase up to 220,000,000 shares for an amount in total not to exceed ¥500,000 million, as resolved at the board of directors’ meeting held on January 29, 2016.

CONTENTS OF THE ATTACHMENT

	page
Contents of the Attachment	1
1. Information on Consolidated Results	2-12
(1) Operating Results	2-10
(2) Financial Review	11
(3) Prospects for the Fiscal Year Ending March 31, 2017	12
2. Other information	13
(1) Changes in Significant Subsidiaries	13
(2) Application of Simplified or Exceptional Accounting	13
(3) Change in Accounting Policies	13
3. Consolidated Financial Statements	14-19
(1) Consolidated Balance Sheets	14
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	15-16
(3) Consolidated Statements of Cash Flows	17
(4) Notes to Consolidated Financial Statements	18-19
4. Appendix	20-20
Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures	20
5. Special Note Regarding Forward-Looking Statements	21

1

Earnings Release for the Nine Months Ended December 31, 2016

1. Information on Consolidated Results

(1) Operating Results

i. Business Overview

The environment surrounding our business has changed significantly. In Japan’s telecommunications market, competition has intensified due to the government’s pro-competition policy, market entry by Mobile Virtual Network Operators (MVNOs) and other factors. In addition, technical advancements in areas including cloud services, IoT^*1, big data and artificial intelligence (AI), and new policy developments such as the full liberalization of the electricity retail market, have brought about active competition and collaboration with new players from other industries, accelerating competition in new markets that transcend the conventional boundaries of the telecommunications business.

Amid these changes in the market environment, positioning the current fiscal year ending March 31, 2017 (FY2016) as the year in which we intend to make “a vibrant leap toward further growth” beyond income recovery, we aim to achieve the various medium-term target indicators we announced for the fiscal year ending March 31, 2018 (FY2017) one year ahead of the schedule. In connection with the management of our business, in order to provide ever-improving value to our customers, we are promoting the two pillars of “reinforcement of our telecommunications business” and “expansion of our smart life business and other businesses” centered on our “+d” value co-creation strategy, through which we pursue the creation of new values by evolving our collaborative activities with a wide range of external partners.

In the three months ended December 31, 2016, we implemented new initiatives, such as the creation of new billing options for customers using feature phones and “Kids’ Keitai” handsets designed for children, and the launch of our “docomo Child Raising Support Program,” which offers additional benefits and convenience to families with children and helps families make precious memories. As part of our “+d” initiatives, we started the “docomo Drone Project” with the aim of solving social issues involving the using drones and promoted the following initiatives in collaboration with various partners toward the commercial launch of such services in the future:

• Commenced a joint verification trial with MIKAWAYA21 INC. and ENROUTE CO., LTD. envisioning the commercialization of a proxy shopping service using cellular drones operated via mobile networks.

• Commenced a joint verification trial with Mitsubishi Heavy Industries, Ltd. and Future University Hakodate for developing a new common IoT platform in the field of transportation, where the use of IoT is expected to accelerate in the future.

• Concluded an agreement on a trial service of a VR^*2 tourist guide service that leverages the next-generation 5G mobile system at the “5G Trial Site” to be rolled out by DOCOMO in collaboration with partners such as Tobu Railway Co., Ltd. and Toppan Printing Co., Ltd., with the goal of creating commercial services for 5G.

• Conducted a test-ride event at the Ito Campus of Kyushu University prior to the verification experiment that is planned in the roadmap agreed by the Smart Mobility Promotion Consortium, which was founded by four organizations, including DOCOMO, toward the practical implementation of a self-driving bus service.

For the nine months ended December 31, 2016, despite a decrease in equipment sales revenues and a negative impact on mobile communications services revenues caused by the further expansion of our “Kake-hodai & Pake-aeru” billing scheme for the purpose of increasing returns to our customers, operating revenues increased by ¥86.1 billion from the same period of the previous fiscal year to ¥3,469.6 billion, mainly due to the recovery of telecommunications services revenues as a result of the growth of the packet consumption of our “Kake-hodai & Pake-aeru” billing plan subscribers, the expansion of smartphone use and the demand for tablets and other products purchased as a second mobile device for individual use, and the growth in the number of “docomo Hikari” users, as well as the growth of our smart life business and other businesses such as “dmarket” and other content services.

*1 Abbreviation for Internet of Things. A concept that describes a world in which everything is connected to the Internet, enabling remote control and management of devices, etc.

*2 Abbreviation for Virtual Reality, the concept or technology that gives users a sensation through the use of goggles and various other dedicated devices as if what they have experienced in the virtual environment was explored in the real world.

2

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

Operating expenses decreased by ¥70.7 billion from the same period of the previous fiscal year to ¥2,627.3 billion, owing primarily to a decline of depreciation expenses as a result of our change in depreciation method used and a decrease in cost of equipment sold and initiatives to pursue further cost efficiency, despite an increase in expenses associated with the expansion of “docomo Hikari” revenues and the growth of revenues from our smart life business and other businesses, as well as an increase in expenses associated with the initiatives for enhancing returns to our customers such as “docomo Child Raising Support Program.”

As a result, operating income increased by ¥156.8 billion from the same period of the previous fiscal year to ¥842.3 billion for the nine months ended December 31, 2016.

Income before income taxes and equity in net income (losses) of affiliates was ¥846.2 billion and net income attributable to NTT DOCOMO, INC. increased by ¥97.0 billion from the same period of the previous fiscal year to ¥589.4 billion for the nine months ended December 31, 2016.

Consolidated results of operations for the nine months ended December 31, 2015 and 2016 were as follows:

<Results of operations>

	Billions of yen
	Nine months ended December  31, 2015			Nine months  ended December 31, 2016			Increase (Decrease)
Operating revenues	¥	3,383.5		¥	3,469.6		¥	86.1		2.5	%
Operating expenses		2,698.0			2,627.3			(70.7	)	(2.6	)
Operating income		685.5			842.3			156.8		22.9
Other income (expense)		(8.1	)		3.8			12.0		—
Income before income taxes and equity in net income (losses) of affiliates		677.4			846.2			168.8		24.9
Income taxes		169.8			260.1			90.3		53.2
Income before equity in net income (losses) of affiliates		507.6			586.1			78.5		15.5
Equity in net income (losses) of affiliates		(0.8	)		5.3			6.1		—
Net income		506.8			591.4			84.6		16.7
Less: Net (income) loss attributable to noncontrolling interests		(14.3	)		(2.0	)		12.4		86.3
Net income attributable to NTT DOCOMO, INC.	¥	492.4		¥	589.4		¥	97.0		19.7
EBITDA margin*		34.3	%		34.6	%		0.3 point		—
ROE*		9.0	%		11.0	%		2.0 point		—

* EBITDA and EBITDA margin, as we use them in this earnings release, are different from EBITDA as used in Item 10(e) of Regulation S-K and may not be comparable to similarly titled measures used by other companies. For an explanation of our definitions of EBITDA, EBITDA margin, ROE, see “4. Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 20.

3

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

<Operating revenues>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Telecommunications services	¥	2,099.6	¥	2,225.2	¥	125.6		6.0	%
Mobile communications services revenues		2,070.2		2,129.1		59.0		2.8
Voice revenues		633.4		660.2		26.8		4.2
Packet communications revenues		1,436.7		1,468.9		32.2		2.2
Optical-fiber broadband service and other telecommunications services revenues		29.5		96.1		66.6		226.1
Equipment sales		657.8		586.3		(71.5	)	(10.9	)
Other operating revenues		626.0		658.1		32.1		5.1
Total operating revenues	¥	3,383.5	¥	3,469.6	¥	86.1		2.5	%

Note: Voice revenues include data communications revenues through circuit switching systems.

<Operating expenses>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Personnel expenses	¥	216.4	¥	217.3	¥	0.9		0.4	%
Non-personnel expenses		1,754.7		1,754.8		0.1		0.0
Depreciation and amortization		457.1		334.4		(122.7	)	(26.8	)
Loss on disposal of property, plant and equipment and intangible assets		34.7		41.3		6.5		18.8
Communication network charges		204.7		247.6		42.9		21.0
Taxes and public dues		30.3		31.8		1.5		5.1
Total operating expenses	¥	2,698.0	¥	2,627.3	¥	(70.7	)	(2.6	)%

4

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

ii. Segment Results

Telecommunications Business—

<Results of operations>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Operating revenues from telecommunications business	¥	2,762.8	¥	2,814.0	¥	51.2	1.9	%
Operating income (loss) from telecommunications business		616.3		744.2		127.8	20.7

Despite a decrease in equipment sales revenues and the negative impact on mobile communications services revenues caused by the further expansion of our “Kake-hodai & Pake-aeru” billing scheme for the purpose of increasing returns to our customers, operating revenues from telecommunications business for the nine months ended December 31, 2016 increased by ¥51.2 billion, or 1.9%, from ¥2,762.8 billion for the same period of the previous fiscal year to ¥2,814.0 billion, as a result of the growth of the packet consumption of our “Kake-hodai & Pake-aeru” billing plan subscribers, the expansion of smartphone use and the demand for tablets and other products purchased as a second mobile device for individual use, and the growth in the number of “docomo Hikari” users, of which there were 2.97 million as of December 31, 2016.

Operating expenses from telecommunications business decreased by ¥76.7 billion, or 3.6%, from ¥2,146.5 billion for the same period of the previous fiscal year to ¥2,069.8 billion due primarily to a decrease in depreciation expenses as a result of our change in depreciation method used, a decrease in cost of equipment sold and initiatives to pursue further cost efficiency, despite the increase in expenses associated with “docomo Hikari” revenues as well as an increase in expenses associated with initiatives for enhancing returns to our customers, such as our “docomo Child Raising Support Program.”

Consequently, operating income from telecommunications business was ¥744.2 billion, an increase of ¥127.8 billion, or 20.7%, from ¥616.3 billion for the same period of the previous fiscal year.

<<Key Topics>>

• In October 2016, we unveiled our 2016-2017 winter/spring new product collection comprising a total of 13 models including our first original smartphone, “MONO MO-01J,” in an effort to respond to the diversifying needs of customers. The total number of subscriptions using smartphones and tablets amounted to 34.93 million as of December 31, 2016.

• In October 2016, in conjunction with the release of LTE-enabled feature phones, we added two new options to our “Kake-hodai & Pake-aeru” billing scheme, “Kake-hodai Light (for feature phones),” which provides users with unlimited domestic voice calls of under five minutes for a flat monthly fee, and the “Keitai Pack” two-tier rate plan for packet access via feature phones. In November 2016, we launched “Kids’ Keitai Plus,” a billing plan for customers using “Kids’ Keitai” handsets. The number of “Kake-hodai & Pake-aeru” subscriptions as of December 31, 2016 totaled 35.20 million, recording an increase of 8.68 million from December 31, 2015.

• With respect to our “docomo Hikari” optical-fiber broadband service, we strived to improve our offerings through initiatives including the launch of “docomo Hikari Type C,” which allows subscribers to use the optical-fiber broadband and Internet access services offered by our partner cable TV operators as a set. Thanks also to the “new installation fee waiver campaign” and other stepped-up promotional activities, the total number of “docomo Hikari” subscriptions grew to 2.97 million as of December 31, 2016.

• To promote the construction of a more convenient mobile telecommunications network, we expanded the area coverage of our “PREMIUM 4G” service to 1,319 cities across Japan and 49,400 base stations as of December 31, 2016. Toward the goal of further expanding the area coverage of our LTE service, we increased the total number of LTE-enabled base stations to 154,300 stations nationwide as of December 31, 2016.

5

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

• In accordance with the “Effective Speed Measurement Method of Internet Connection Services Provided by Mobile Telecommunications Carriers” set forth by the Ministry of Internal Affairs and Communications, we performed measurements on the effective speeds of our Android and iOS devices. The measurement data showed we successfully improved the speeds compared to the previous year as a result of our endeavors to improve the comfort of network access through the deployment of “PREMIUM 4G.” The median values for Android and iOS devices combined were 118Mbps for downloading and 23Mbps for uploading, which represented an improvement of 166% and 110%, respectively, over the values of the previous year.

Number of subscriptions by services and other operating data were as follows:

<Number of subscriptions by services>

	Thousand subscriptions
	December 31, 2015			December 31, 2016			Increase (Decrease)
Mobile telecommunications services		69,602			73,588			3,986		5.7	%
Including: “Kake-hodai & Pake-aeru” billing plan		26,519			35,198			8,678		32.7
Mobile telecommunications services (LTE(Xi))		36,293			42,671			6,378		17.6
Mobile telecommunications services (FOMA)		33,309			30,917			(2,392	)	(7.2	)
Note:  Number of subscriptions to Mobile telecommunications services, Mobile telecommunications services (LTE(Xi)) and Mobile telecommunications services (FOMA) includes Communication Module services subscriptions.
<Number of handsets sold>
	Thousand units
	Nine months ended December  31, 2015			Nine months  ended December 31, 2016			Increase (Decrease)
Number of handsets sold		18,526			20,140			1,614		8.7	%
Mobile telecommunications services (LTE(Xi))
New LTE(Xi) subscription		6,360			7,019			659		10.4
Change of subscription from FOMA		2,515			2,050			(465	)	(18.5	)
LTE(Xi) handset upgrade by LTE(Xi) subscribers		5,751			6,968			1,217		21.2
Mobile telecommunications services (FOMA)
New FOMA subscription		1,713			2,301			588		34.3
Change of subscription from LTE(Xi)		78			53			(25	)	(32.4	)
FOMA handset upgrade by FOMA subscribers		2,109			1,750			(359	)	(17.0	)
Churn rate*		0.59	%		0.57	%		(0.02)point		—

* “Churn rate” is calculated excluding the subscriptions and cancellations of subscriptions of Mobile Virtual Network Operators (MVNOs).

6

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

<Trend of ARPU and MOU>

	Yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Aggregate ARPU	¥	4,140	¥	4,400	¥	260	6.3	%
Voice ARPU		1,200		1,250		50	4.2
Data ARPU		2,940		3,150		210	7.1
Packet ARPU		2,900		2,970		70	2.4
“docomo Hikari” ARPU		40		180		140	350.0
MOU (minutes)		133		137		4	3.0	%

Notes:

1. Definition of ARPU and MOU

a. ARPU (Average monthly Revenue Per Unit):

Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per user basis. ARPU is calculated by dividing telecommunications services revenues (excluding certain revenues) by the number of active users to our wireless services in the relevant periods, as shown below under “ARPU Calculation Method.” We believe that our ARPU figures provide useful information to analyze the average usage per user and the impacts of changes in our billing arrangements. The revenue items included in the numerators of our ARPU figures are based on our U.S. GAAP results of operations.

b. MOU (Minutes of Use):

Average monthly communication time per user.

2. ARPU Calculation Methods

Aggregate ARPU= Voice ARPU + Packet ARPU + “docomo Hikari” ARPU
Data ARPU= Packet ARPU + “docomo Hikari” ARPU
-  Voice ARPU	:	Voice ARPU Related Revenues (basic monthly charges, voice communication charges) / Number of active users
-  Packet ARPU	:	Packet ARPU Related Revenues (basic monthly charges, packet communication charges) / Number of active users
- “docomo Hikari” ARPU	:	“docomo Hikari” ARPU Related Revenues (basic monthly charges, voice communication charges) / Number of active users

3. Active Users Calculation Method

Sum of number of active users for each month ((number of users at the end of previous month + number of users at the end of current month) /2) during the relevant period

4. The number of “users” used to calculate ARPU and MOU is the total number of subscriptions, excluding the subscriptions listed below:

a. Subscriptions of communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunication services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs); and

b. Data Plan subscriptions in the case where the customer contracting for such subscription in his/her name also has a subscription for “Xi” or “FOMA” services in his/her name

Revenues from communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs) are not included in the ARPU calculation.

Smart life business—

<Results of operations>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Operating revenues from smart life business	¥	373.8	¥	382.0	¥8.1	2.2	%
Operating income (loss) from smart life business		49.0		58.7	9.7	19.7

Operating revenues from smart life business for the nine months ended December 31, 2016 were ¥382.0 billion, an increase of ¥8.1 billion, or 2.2%, from ¥373.8 billion for the same period of the previous fiscal year, due mainly to an expansion of content services revenues such as “dmarket” and other content services, despite a decrease in revenues from our subsidiaries.

Operating expenses from smart life business were ¥323.3 billion, a decrease of ¥1.5 billion, or 0.5%, from ¥324.8 billion for the same period of the previous fiscal year, due mainly to a decrease in expenses associated with revenues from our subsidiaries and despite an increase in expenses associated with the growth in content services revenues.

As a consequence, operating income from smart life business was ¥58.7 billion, an increase of ¥9.7 billion, or 19.7%, from ¥49.0 billion for the same period of the previous fiscal year.

7

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

<<Key Topics>>

• In October 2016, we started to support Apple Pay^*1 on our “d CARD” credit card services and “iD” contactless payment, enabling customers using the eligible devices to add “d CARD” to Apple Pay and also enabling customers using iPhone7^*1, iPhone7 Plus^*1and Apple Watch Series 2^*1 devices to pay by “iD” when they shop in stores.

• The combined number of “dmarket” subscriptions^*2 as of December 31, 2016, reached 15.61 million, an increase of 1.35 million from December 31, 2015. Among the various “dmarket” services, “dmagazine” has been recording brisk sales and its total number of subscriptions grew to 3.46 million as of December 31, 2016, an increase of 0.70 million from December 31, 2015.

• Starting in December 2016, the “gacco” online video learning service was adopted as the e-learning system for the “Regional Revitalization College” program operated by the Japan Productivity Center and promoted by the Office for Promotion of Regional Revitalization, Cabinet Office, Government of Japan. A total of 21 professional courses, including a course on “how to build attractive tourist destinations,” have been started under the “Regional Revitalization College” program.

Other businesses—

<Results of operations>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Operating revenues from other businesses	¥	265.6	¥	294.9	¥  29.3	11.0	%
Operating income (loss) from other businesses		20.2		39.5	19.3	95.8

Operating revenues from other businesses for the nine months ended December 31, 2016 amounted to ¥294.9 billion, an increase of ¥29.3 billion, or 11.0%, from ¥265.6 billion for the same period of the previous fiscal year, driven mainly by an increase in the number of subscriptions for our “Mobile Device Protection Service” and the growth of revenues relating to IoT businesses.

Operating expenses from other businesses were ¥255.4 billion, an increase of 10.0 billion, or 4.1%, from ¥245.4 billion for the same period of the previous fiscal year, as a result of rises in expenses associated with the expansion of revenues from our “Mobile Device Protection Service” and other services.

Consequently, operating income from other businesses was ¥39.5 billion, an increase of ¥19.3 billion, or 95.8%, from ¥20.2 billion for the same period of the previous fiscal year.

*1 TM and ^© 2017 Apple Inc. All rights reserved. iPhone, Apple Watch Series and Apply Pay are trademarks of Apple Inc. The trademark iPhone is used with a license from AiPhone Co., Ltd.

*2 The total number of users using “dTV,” “danime store,” “dhits,” “dkids,” “dmagazine,” “dgourmet,” “dhealthcare pack” and “dliving” services under a monthly subscription arrangement.

8

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

iii. CSR Activities

We aspire to help build a society in which everyone can share in a prosperous life of safety, security and comfort, beyond borders and across generations. We believe it is our corporate social responsibility (“CSR”) to fulfill the two aspects of (i) “Innovative docomo,” to solve various social issues in the fields of IoT, medicine, healthcare, education and agriculture through the “co-creation of social values,” an initiative that we plan to pursue together with various partners to create new services and businesses, and (ii) “Responsible docomo,” to thoroughly ensure fair, transparent and ethical business operations as a foundation for the creation of such values. Accordingly, we will strive to realize a sustainable society while expanding our own businesses.

To create a better future for the earth together, in October 2016, we decided on our “DOCOMO Group’s Environmental Declaration,” which sets the group’s environmental vision, and our “Green Action Plan 2030,” which sets our environmental goals through FY2030.

The principal CSR actions we undertook during the three months ended December 31, 2016 are summarized below:

<Innovative docomo>

• From October 2016, we started the trial offering of “Mierudenwa,” a service that automatically converts the caller’s spoken words into text in real time to assist customers with hearing difficulties.

<Responsible docomo >

• We set up a charity website to support the people and areas affected by the hurricane that struck Haiti and collected donations using “docomo Kouza” accounts and “d POINTs.”

• In the aftermath of the 2016 Middle Tottori Earthquake and the large-scale fire that devastated Itoigawa City, Niigata Prefecture, we implemented various measures to support the disaster victims, including measures such as the free provision of battery chargers and partial waiver of handset repair fees.

• We held a total of approximately 6,400 sessions of our “Smartphone and Mobile Phone Safety Class” garnering a cumulative participation of approximately 1.10 million people during the nine months ended December 31, 2016. The classes enlighten participants on the rules and manners of using smartphones and mobile phones, and inform them as to how to respond to troubles that may arise with their use.

• With the aim of facilitating communication among the disaster victims and invigorating the communities affected by the Great East Japan Earthquake, we held seven sessions of cooking classes through our group company, ABC Cooking Co., Ltd. and tablet devices classes using the “dTV” and other services for the evacuees living in temporary shelters or public reconstruction housing complexes. A total of about 100 people participated in the sessions.

9

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

iv. Trend of Capital Expenditures

<Capital expenditures>

	Billions of yen
	Nine months ended December  31, 2015		Nine months  ended December 31, 2016		Increase (Decrease)
Total capital expenditures	¥	362.5	¥	399.4	¥    37.0	10.2	%
Telecommunications business		348.1		386.3	38.2	11.0
Smart life business		9.0		9.0	0.0	0.2
Other businesses		5.4		4.1	(1.3)	(24.0	)

We pursued more efficient use of capital expenditures and further cost reduction, and expanded the area coverage of our “PREMIUM 4G” service to construct a more convenient mobile telecommunications network. As a result, the total amount of capital expenditures increased by 10.2% from the same period of the previous fiscal year to ¥399.4 billion for the nine months ended December 31, 2016.

10

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

(2) Financial Review

i. Financial Position

	Billions of yen
	December 31, 2015			December 31, 2016			Increase (Decrease)					(Reference) March 31, 2016
Total assets	¥	7,274.2		¥	7,196.5		¥	(77.7	)	(1.1	)%	¥	7,214.1
NTT DOCOMO, INC. shareholders’ equity		5,588.1			5,430.9			(157.1	)	(2.8	)		5,302.2
Liabilities		1,636.9			1,708.4			71.5		4.4			1,854.8
Including: Interest bearing liabilities		223.5			222.1			(1.3	)	(0.6	)		222.2
Shareholders’ equity ratio (1) (%)		76.8	%		75.5	%		(1.3)point		—			73.5	%
Debt to Equity ratio (2) (multiple)		0.040			0.041			0.001		—			0.042

Notes:	(1)    Shareholders’ equity ratio = NTT DOCOMO, INC. shareholders’ equity / Total assets
	(2)    Debt to Equity ratio = Interest bearing liabilities / NTT DOCOMO, INC. shareholders’ equity

ii. Cash Flow Conditions

	Billions of yen
	Nine months ended December  31, 2015			Nine months  ended December 31, 2016			Increase (Decrease)
Net cash provided by operating activities	¥	844.9		¥	924.9		¥	80.0		9.5	%
Net cash used in investing activities		(376.5	)		(668.1	)		(291.6	)	(77.5	)
Net cash provided by (used in) financing activities		(276.4	)		(429.2	)		(152.8	)	(55.3	)
Free cash flows (1)		468.4			256.8			(211.6	)	(45.2	)
Free cash flows excluding changes in investments for cash management purposes (2)*		388.3			442.1			53.8		13.8

Notes:	(1)    Free cash flows = Net cash provided by operating activities + Net cash used in investing activities
	(2)    Changes in investments for cash management purposes = Changes by purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months

* See “4. Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures” on page 20.

For the nine months ended December 31, 2016, net cash provided by operating activities was ¥924.9 billion, an increase of ¥80.0 billion, or 9.5%, from the same period of the previous fiscal year. This was due mainly to an increase in cash inflows from customers in relation to collections of installment receivables for customers’ handset purchases, which are included in decrease in receivables held for sale.

Net cash used in investing activities was ¥668.1 billion, an increase of ¥291.6 billion, or 77.5%, from the same period of the previous fiscal year. This was due mainly to increases in cash outflows for purchases of short-term investments and short-term bailment for consumption to a related party.

Net cash used in financing activities was ¥429.2 billion, an increase of ¥152.8 billion, or 55.3%, from the same period of the previous fiscal year. This was due mainly to an increase in cash outflows for payments to acquire treasury stock.

As a result of the foregoing, the balance of cash and cash equivalents was ¥179.6 billion as of December 31, 2016, a decrease of ¥174.8 billion, or 49.3%, from the previous fiscal year end.

11

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

(3) Prospects for the Fiscal Year Ending March 31, 2017

The environment surrounding our business has changed significantly. In Japan’s telecommunications market, competition has intensified due to the government’s pro-competition policy, market entry by Mobile Virtual Network Operators (MVNOs) and other factors. In addition, technical advancements in areas including cloud services, IoT, big data and artificial intelligence (AI), and new policy developments such as the full liberalization of the electricity retail market, have brought about active competition and collaboration with new players from other industries, accelerating competition in new markets that transcend the conventional boundaries of the telecommunications business.

Amid these changes in the market environment, in connection with our management of our business, we are promoting the two pillars of “reinforcement of our telecommunications business” and “expansion of our smart life business and other businesses” centered on our “+d” value co-creation strategy, through which we pursue the creation of new values by evolving our collaborative activities with a wide range of external partners. Through these endeavors, we expect the following prospects for the fiscal year ending March 31, 2017.

Operating revenues are estimated to be ¥4,610.0 billion, an increase of ¥82.9 billion from the previous fiscal year, driven by an increase in telecommunications services revenues resulting from the expansion of our smartphone user base and a growth of demand for tablets and other devices purchased as a second mobile device for individual use, an increase in optical-fiber broadband service and other telecommunications services revenues due to the projected growth of “docomo Hikari” users and the growth of our smart life business and other businesses such as “dmarket.”

On the expenses side, although we project an increase in expenses associated with the growth of revenues from smart life business and other businesses and the expansion of “docomo Hikari” revenues, operating expenses are expected to decrease by ¥74.1 billion to ¥3,670.0 billion, owing primarily to a decline of depreciation expenses as a result of our change in depreciation method used from the declining-balance method to the straight-line method, as well as a decrease in cost of equipment sold and initiatives to pursue further cost efficiency. Accordingly, operating income for the fiscal year ending March 31, 2017 is estimated to be ¥940.0 billion, an increase of ¥157.0 billion from the previous fiscal year.

As we are not currently aware of any factor that may have a material impact on our projected results of operations, we have not revised our forecasts announced on October 28, 2016.

12

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

2. Other Information

(1) Changes in Significant Subsidiaries

None

(2) Application of Simplified or Exceptional Accounting

None

(3) Change in Accounting Policies

Change in depreciation method

Previously, DOCOMO principally used the declining-balance method for calculating depreciation of property, plant, and equipment. Effective April 1, 2016, DOCOMO adopted the straight-line method of depreciation. Data traffic has recently grown due to increased use of smartphones. As a way of addressing the rising data traffic, DOCOMO provides LTE-Advanced services, using the carrier aggregation technology which enables higher speeds and capacities for the LTE services. With the introduction of the carrier aggregation technology, DOCOMO is able to use its frequencies more efficiently, bringing stability to DOCOMO’s operation of its wireless telecommunications equipment. As a result, DOCOMO believes that the straight-line depreciation method better reflects the pattern of consumption of the future benefits to be derived from those assets being depreciated. The effect of the change in the depreciation method is recognized prospectively as a change in the accounting estimate pursuant to the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 250, “Accounting Changes and Error Corrections.”

The change in depreciation method caused a decrease in “Depreciation and amortization” by ¥109,236 million and ¥39,806 million for the nine months ended December 31, 2016 and for the three months ended December 31, 2016, respectively. “Net income attributable to NTT DOCOMO, INC.” increased by ¥74,717 million and ¥27,227 million for the nine months ended December 31, 2016 and for the three months ended December 31, 2016, respectively. “Basic and Diluted earnings per share attributable to NTT DOCOMO, INC.” increased by ¥20.01 and ¥7.33 for the nine months ended December 31, 2016 and for the three months ended December 31, 2016, respectively.

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  DOCOMO Earnings Release Nine Months Ended December 31, 2016

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets

	Millions of yen
	March 31, 2016			December 31, 2016
ASSETS
Current assets:
Cash and cash equivalents	¥	354,437		¥	179,601
Short-term investments		5,872			191,042
Accounts receivable		237,040			230,767
Receivables held for sale		972,851			961,178
Credit card receivables		276,492			343,822
Other receivables		381,096			383,760
Allowance for doubtful accounts		(17,427	)		(20,103	)
Inventories		153,876			143,270
Deferred tax assets		107,058			75,325
Prepaid expenses and other current assets		108,898			127,859
Total current assets		2,580,193			2,616,521
Property, plant and equipment:
Wireless telecommunications equipment		5,084,416			5,104,355
Buildings and structures		896,815			903,796
Tools, furniture and fixtures		468,800			463,275
Land		199,054			198,971
Construction in progress		190,261			227,849
Accumulated depreciation and amortization		(4,398,970	)		(4,407,290	)
Total property, plant and equipment, net		2,440,376			2,490,956
Non-current investments and other assets:
Investments in affiliates		411,395			370,689
Marketable securities and other investments		182,905			196,883
Intangible assets, net		615,013			597,394
Goodwill		243,695			236,967
Other assets		479,103			453,509
Deferred tax assets		261,434			233,594
Total non-current investments and other assets		2,193,545			2,089,036
Total assets	¥	7,214,114		¥	7,196,513
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	¥	200		¥	200
Short-term borrowings		1,764			1,870
Accounts payable, trade		793,084			720,342
Accrued payroll		53,837			42,098
Accrued income taxes		165,332			69,206
Other current liabilities		205,602			235,065
Total current liabilities		1,219,819			1,068,781
Long-term liabilities:
Long-term debt (exclusive of current portion)		220,200			220,070
Accrued liabilities for point programs		75,182			72,246
Liability for employees’ retirement benefits		201,604			208,957
Other long-term liabilities		137,983			138,377
Total long-term liabilities		634,969			639,650
Total liabilities		1,854,788			1,708,431
Redeemable noncontrolling interests		16,221			22,791
Equity:
NTT DOCOMO, INC. shareholders’ equity
Common stock		949,680			949,680
Additional paid-in capital		330,482			327,228
Retained earnings		4,413,030			4,721,964
Accumulated other comprehensive income (loss)		14,888			(12,487	)
Treasury stock		(405,832	)		(555,439	)
Total NTT DOCOMO, INC. shareholders’ equity		5,302,248			5,430,946
Noncontrolling interests		40,857			34,345
Total equity		5,343,105			5,465,291
Total liabilities and equity	¥	7,214,114		¥	7,196,513

14

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

	Millions of yen
	Nine Months Ended December 31, 2015			Nine Months Ended December 31, 2016
Operating revenues:
Telecommunications services	¥	2,099,632		¥	2,225,197
Equipment sales		657,804			586,268
Other operating revenues		626,024			658,128
Total operating revenues		3,383,460			3,469,593
Operating expenses:
Cost of services (exclusive of items shown separately below)		887,566			969,354
Cost of equipment sold (exclusive of items shown separately below)		634,521			592,460
Depreciation and amortization		457,095			334,418
Selling, general and administrative		718,773			731,025
Total operating expenses		2,697,955			2,627,257
Operating income		685,505			842,336
Other income (expense):
Interest expense		(1,219	)		(368	)
Interest income		717			434
Other, net		(7,626	)		3,763
Total other income (expense)		(8,128	)		3,829
Income before income taxes and equity in net income (losses) of affiliates		677,377			846,165
Income taxes:
Current		207,485			199,214
Deferred		(37,701	)		60,867
Total income taxes		169,784			260,081
Income before equity in net income (losses) of affiliates		507,593			586,084
Equity in net income (losses) of affiliates (including impairment charges of investments in affiliates)		(798	)		5,306
Net income		506,795			591,390
Less: Net (income) loss attributable to noncontrolling interests		(14,346	)		(1,964	)
Net income attributable to NTT DOCOMO, INC.	¥	492,449		¥	589,426
Per share data
Weighted average common shares outstanding – Basic and Diluted		3,881,483,818			3,733,198,134
Basic and Diluted earnings per share attributable to NTT DOCOMO, INC.	¥	126.87		¥	157.89
Consolidated Statements of Comprehensive Income
	Millions of yen
	Nine Months Ended December 31, 2015			Nine Months Ended December 31, 2016
Net income	¥	506,795		¥	591,390
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, net of applicable taxes		(1,402	)		7,863
Unrealized gains (losses) on cash flow hedges, net of applicable taxes		(108	)		14
Foreign currency translation adjustment, net of applicable taxes		(10,929	)		(36,653	)
Pension liability adjustment, net of applicable taxes		(353	)		997
Total other comprehensive income (loss)		(12,792	)		(27,779	)
Comprehensive income		494,003			563,611
Less: Comprehensive (income) loss attributable to noncontrolling interests		(14,289	)		(1,560	)
Comprehensive income attributable to NTT DOCOMO, INC.	¥	479,714		¥	562,051

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  DOCOMO Earnings Release Nine Months Ended December 31, 2016

Consolidated Statements of Income

	Millions of yen
	Three Months Ended December 31, 2015			Three Months Ended December 31, 2016
Operating revenues:
Telecommunications services	¥	717,325		¥	750,704
Equipment sales		240,959			206,160
Other operating revenues		210,189			224,386
Total operating revenues		1,168,473			1,181,250
Operating expenses:
Cost of services (exclusive of items shown separately below)		299,919			337,119
Cost of equipment sold (exclusive of items shown separately below)		248,184			228,337
Depreciation and amortization		159,988			113,880
Selling, general and administrative		237,451			245,175
Total operating expenses		945,542			924,511
Operating income		222,931			256,739
Other income (expense):
Interest expense		(674	)		(11	)
Interest income		333			143
Other, net		2,225			8,131
Total other income (expense)		1,884			8,263
Income before income taxes and equity in net income (losses) of affiliates		224,815			265,002
Income taxes:
Current		63,185			69,545
Deferred		(29,381	)		11,842
Total income taxes		33,804			81,387
Income before equity in net income (losses) of affiliates		191,011			183,615
Equity in net income (losses) of affiliates (including impairment charges of investments in affiliates)		(2,379	)		1,966
Net income		188,632			185,581
Less: Net (income) loss attributable to noncontrolling interests		(13,318	)		(1,562	)
Net income attributable to NTT DOCOMO, INC.	¥	175,314		¥	184,019
Per share data
Weighted average common shares outstanding – Basic and Diluted		3,881,483,812			3,714,091,197
Basic and Diluted earnings per share attributable to NTT DOCOMO, INC.	¥	45.17		¥	49.55
Consolidated Statements of Comprehensive Income
	Millions of yen
	Three Months Ended December 31, 2015			Three Months Ended December 31, 2016
Net income	¥	188,632		¥	185,581
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, net of applicable taxes		5,635			13,180
Unrealized gains (losses) on cash flow hedges, net of applicable taxes		(65	)		72
Foreign currency translation adjustment, net of applicable taxes		(9,948	)		(4,916	)
Pension liability adjustment, net of applicable taxes		(120	)		357
Total other comprehensive income (loss)		(4,498	)		8,693
Comprehensive income		184,134			194,274
Less: Comprehensive (income) loss attributable to noncontrolling interests		(13,194	)		(1,585	)
Comprehensive income attributable to NTT DOCOMO, INC.	¥	170,940		¥	192,689

16

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

(3) Consolidated Statements of Cash Flows

	Millions of yen
	Nine Months Ended December 31, 2015			Nine Months Ended December 31, 2016
Cash flows from operating activities:
Net income	¥	506,795		¥	591,390
Adjustments to reconcile net income to net cash provided by operating activities-
Depreciation and amortization		457,095			334,418
Deferred taxes		(37,701	)		60,867
Loss on sale or disposal of property, plant and equipment		17,555			24,574
Inventory write-downs		4,239			8,878
Impairment loss on marketable securities and other investments		475			2,070
Loss on sale of a subsidiary		13,117			—
Equity in net (income) losses of affiliates (including impairment charges of investments in affiliates)		798			(5,306	)
Dividends from affiliates		9,464			8,413
Changes in assets and liabilities:
(Increase) / decrease in accounts receivable		21,079			4,884
(Increase) / decrease in receivables held for sale		(46,966	)		11,673
(Increase) / decrease in credit card receivables		(18,651	)		(32,410	)
(Increase) / decrease in other receivables		(34,174	)		281
Increase / (decrease) in allowance for doubtful accounts		2,594			2,549
(Increase) / decrease in inventories		(24,828	)		1,544
(Increase) / decrease in prepaid expenses and other current assets		(7,976	)		(22,822	)
(Increase) / decrease in non-current receivables held for sale		1,921			29,141
Increase / (decrease) in accounts payable, trade		(82,682	)		(23,224	)
Increase / (decrease) in accrued income taxes		42,207			(96,056	)
Increase / (decrease) in other current liabilities		37,846			28,974
Increase / (decrease) in accrued liabilities for point programs		(14,401	)		(2,936	)
Increase / (decrease) in liability for employees’ retirement benefits		4,275			7,376
Increase / (decrease) in other long-term liabilities		4,307			5,277
Other, net		(11,538	)		(14,697	)
Net cash provided by operating activities		844,850			924,858
Cash flows from investing activities:
Purchases of property, plant and equipment		(312,668	)		(337,446	)
Purchases of intangible and other assets		(141,412	)		(142,444	)
Purchases of non-current investments		(2,447	)		(2,030	)
Proceeds from sale of non-current investments		4,024			5,889
Purchases of short-term investments		(4,000	)		(116,212	)
Redemption of short-term investments		4,111			70,938
Proceeds from redemption of long-term bailment for consumption to a related party		80,000			—
Short-term bailment for consumption to a related party		—			(180,000	)
Proceeds from redemption of short-term bailment for consumption to a related party		—			40,000
Other, net		(4,067	)		(6,777	)
Net cash used in investing activities		(376,459	)		(668,082	)
Cash flows from financing activities:
Proceeds from short-term borrowings		145,117			19,679
Repayment of short-term borrowings		(144,042	)		(19,526	)
Principal payments under capital lease obligations		(1,055	)		(886	)
Payments to acquire treasury stock		(0	)		(149,607	)
Dividends paid		(271,538	)		(280,359	)
Cash distributions to noncontrolling interests		(2,387	)		(3,500	)
Other, net		(2,467	)		4,996
Net cash provided by (used in) financing activities		(276,372	)		(429,203	)
Effect of exchange rate changes on cash and cash equivalents		(1,008	)		(2,409	)
Net increase (decrease) in cash and cash equivalents		191,011			(174,836	)
Cash and cash equivalents as of beginning of period		105,553			354,437
Cash and cash equivalents as of end of period	¥	296,564		¥	179,601
Supplemental disclosures of cash flow information:
Cash received during the period for:
Income tax refunds	¥	8,007		¥	742
Cash paid during the period for:
Interest, net of amount capitalized		1,243			323
Income taxes		176,118			297,562

17

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

(4) Notes to Consolidated Financial Statements

i. Note to Going Concern Assumption

There is no corresponding item.

ii. Significant Changes in NTT DOCOMO, INC. Shareholders’ Equity

None

iii. Segment Information

DOCOMO’s chief operating decision maker (the “CODM”) is its board of directors. The CODM evaluates the performance and makes resource allocations of its segments based on the information provided by DOCOMO’s internal management reports.

DOCOMO has three operating segments, which consist of telecommunications business, smart life business and other businesses.

The telecommunications business includes mobile phone services (LTE(Xi) services and FOMA services), optical-fiber broadband services, satellite mobile communications services, international services and the equipment sales related to these services. The smart life business includes video and music distribution, electronic books and other services offered through DOCOMO’s “dmarket” portal, as well as finance/payment services, shopping services and various other services to support our customers’ daily lives. The other businesses primarily include “Mobile Device Protection Service,” as well as the development, sales and maintenance of IT systems.

Accounting policies used to determine segment operating revenues and operating income (loss) are consistent with those used to prepare the consolidated financial statements in accordance with U.S. GAAP.

Segment operating revenues:

	Millions of yen
	Nine months ended December  31, 2015			Nine months  ended December 31, 2016
Telecommunications business-
External customers	¥	2,761,877		¥	2,813,130
Intersegment		923			822
Subtotal		2,762,800			2,813,952
Smart life business-
External customers		364,924			370,817
Intersegment		8,893			11,136
Subtotal		373,817			381,953
Other businesses-
External customers		256,659			285,646
Intersegment		8,952			9,238
Subtotal		265,611			294,884
Segment total		3,402,228			3,490,789
Elimination		(18,768	)		(21,196	)
Consolidated	¥	3,383,460		¥	3,469,593

18

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

	Millions of yen
	Three months ended December 31, 2015			Three months  ended December 31, 2016
Telecommunications business-
External customers	¥	955,486		¥	956,892
Intersegment		306			438
Subtotal		955,792			957,330
Smart life business-
External customers		124,391			127,329
Intersegment		3,115			4,256
Subtotal		127,506			131,585
Other businesses-
External customers		88,596			97,029
Intersegment		3,499			4,450
Subtotal		92,095			101,479
Segment total		1,175,393			1,190,394
Elimination		(6,920	)		(9,144	)
Consolidated	¥	1,168,473		¥	1,181,250
Segment operating income (loss):
	Millions of yen
	Nine months ended December 31, 2015			Nine months ended December 31, 2016
Telecommunications business	¥	616,344		¥	744,186
Smart life business		48,984			58,651
Other businesses		20,177			39,499
Consolidated	¥	685,505		¥	842,336
	Millions of yen
	Three months ended December 31, 2015			Three months ended December 31, 2016
Telecommunications business	¥	196,175		¥	219,449
Smart life business		15,543			21,676
Other businesses		11,213			15,614
Consolidated	¥	222,931		¥	256,739

Segment operating income (loss) is segment operating revenues less segment operating expenses.

As indicated in “2. (3) Change in Accounting Policies,” previously, DOCOMO principally used the declining-balance method for calculating depreciation of property, plant, and equipment. Effective April 1, 2016, DOCOMO adopted the straight-line method of depreciation. As a result, compared with the depreciation method used prior to April 1, 2016, operating income for the Telecommunications business segment, Smart life business segment, and Other businesses segment for the nine months ended December 31, 2016 increased by ¥109,037 million, ¥108 million and ¥91 million, respectively. Operating income for the Telecommunications business segment, Smart life business segment, and Other businesses segment for the three months ended December 31, 2016 increased by ¥39,709 million, ¥56 million and ¥41 million, respectively.

DOCOMO does not disclose geographical information because the amounts of operating revenues generated outside Japan are immaterial.

19

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

4. Appendix

Reconciliations of the Disclosed Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures

i. EBITDA and EBITDA margin

	Billions of yen
	Year ended March 31, 2016			Nine months ended December 31, 2015			Nine months ended December 31, 2016
a. EBITDA	¥	1,454.6		¥	1,160.2		¥	1,201.3
Depreciation and amortization		(625.9	)		(457.1	)		(334.4	)
Loss on sale or disposal of property, plant and equipment		(36.5	)		(17.6	)		(24.6	)
Impairment loss		(9.1	)		—			—
Operating income		783.0			685.5			842.3
Other income (expense)		(5.0	)		(8.1	)		3.8
Income taxes		(211.7	)		(169.8	)		(260.1	)
Equity in net income (losses) of affiliates		(5.1	)		(0.8	)		5.3
Less: Net (income) loss attributable to noncontrolling interests		(12.9	)		(14.3	)		(2.0	)
b. Net income attributable to NTT DOCOMO, INC.		548.4			492.4			589.4
c. Operating revenues		4,527.1			3,383.5			3,469.6
EBITDA margin (=a/c)		32.1	%		34.3	%		34.6	%
Net income margin (=b/c)		12.1	%		14.6	%		17.0	%

Note: EBITDA and EBITDA margin, as we use them, are different from EBITDA as used in Item 10(e) of regulation S-K and may not be comparable to similarly titled measures used by other companies.

ii ROE

	Billions of yen
	Year ended March 31, 2016			Nine months ended December 31, 2015			Nine months ended December 31, 2016
a. Net income attributable to NTT DOCOMO, INC.	¥	548.4		¥	492.4		¥	589.4
b. Shareholders’ equity		5,341.2			5,484.1			5,366.6
ROE (=a/b)		10.3	%		9.0	%		11.0	%

Notes: Shareholders’ equity (for annual period) = The average of NTT DOCOMO, INC. shareholders’ equity, each as of March 31, 2015 and 2016.

Shareholders’ equity (for nine months) = The average of NTT DOCOMO, INC. shareholders’ equity, each as of March 31, 2016 (or 2015) and December 31, 2016 (or 2015).

iii. Free cash flows excluding changes in investments for cash management purposes

	Billions of yen
	Year ended March 31, 2016			Nine months ended December 31, 2015			Nine months ended December 31, 2016
Net cash provided by operating activities	¥	1,209.1		¥	844.9		¥	924.9
Net cash used in investing activities		(375.3	)		(376.5	)		(668.1	)
Free cash flows		833.9			468.4			256.8
Changes in investments for cash management purposes		235.1			80.1			(185.3	)
Free cash flows excluding changes in investments for cash management purposes		598.7			388.3			442.1

Note: Changes in investments for cash management purposes were derived from purchases, redemption at maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than three months.

20

  DOCOMO Earnings Release Nine Months Ended December 31, 2016

5. Special Note Regarding Forward-Looking Statements

This earning release contains forward-looking statements such as forecasts of results of operations, management strategies, objectives and plans, forecasts of operational data such as the expected number of subscriptions, and the expected dividend payments. All forward-looking statements that are not historical facts are based on management’s current plans, expectations, assumptions and estimates based on the information currently available. Some of the projected numbers in this report were derived using certain assumptions that were indispensable for making such projections in addition to historical facts. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those contained in or suggested by any forward-looking statement. Potential risks and uncertainties include, without limitation, the following:

(1) Changes in the market environment in the telecommunications industry, such as intensifying competition from other businesses or other technologies caused by Mobile Number Portability, development of appealing new handsets, new market entrants, mergers among other service providers and other factors, or the expansion of the areas of competition could limit the acquisition of new subscriptions and retention of existing subscriptions by our corporate group, or it may lead to ARPU diminishing at a greater than expected rate, an increase in our costs, or an inability to optimize costs as expected.

(2) If current and new services, usage patterns, and sales schemes proposed and introduced by our corporate group cannot be developed as planned, or if unanticipated expenses arise the financial condition of our corporate group could be affected and our growth could be limited.

(3) The introduction or change of various laws or regulations inside and outside of Japan, or the application of such laws and regulations to our corporate group, could restrict our business operations, which may adversely affect our financial condition and results of operations.

(4) Limitations in the amount of frequency spectrum or facilities made available to us could negatively affect our ability to maintain and improve our service quality and level of customer satisfaction and could increase our costs.

(5) Other mobile service providers in the world may not adopt the technologies and the frequency bands that are compatible with those used by our corporate group’s mobile communications system on a continuing basis, which could affect our ability to sufficiently offer international services.

(6) Our domestic and international investments, alliances and collaborations, as well as investments in new business fields, may not produce the returns or provide the opportunities we expect.

(7) Malfunctions, defects or imperfections in our products and services or those of other parties may give rise to problems.

(8) Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image.

(9) Inadequate handling of confidential business information including personal information by our corporate group, contractors and others may adversely affect our credibility or corporate image.

(10) Owners of intellectual property rights that are essential for our business execution may not grant us a license or other use of such intellectual property rights, which may result in our inability to offer certain technologies, products and/or services, and our corporate group may also be held liable for damage compensation if we infringe the intellectual property rights of others. In addition, the illicit use by a third party of the intellectual property rights owned by our corporate group could reduce our license revenues actually obtained and may inhibit our competitive superiority.

(11) Events and incidents caused by natural disasters, social infrastructure paralysis such as power shortages, the proliferation of harmful substances, terror or other destructive acts, the malfunctioning of equipment, software bugs, deliberate incidents induced by computer viruses, cyber-attacks, equipment misconfiguration, hacking, unauthorized access and other problems could cause failure in our networks, distribution channels, and/or other factors necessary for the provision of service, disrupting our ability to offer services to our subscribers and such incidents may adversely affect our credibility or corporate image, or lead to a reduction of revenues and/or increase of costs.

(12) Concerns about adverse health effects arising from wireless telecommunications may spread and consequently adversely affect our financial condition and results of operations.

(13) Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence that may not be in the interests of our other shareholders.

* Names of companies, products, etc., contained in this release are the trademarks or registered trademarks of their respective organizations.

21

FY2016/1-3Q Results Presentation

January 27, 2017

FY2016/1?3Q (Cumulative) Results Snapshot

YOY increase in both operating revenues/income

U.S. GAAP

Financial data

Operating revenues: Operating income:

Ą3,469.6 billion (Up 2.5% year?on?year)

Ą842.3 billion (Up 22.9% year?on?year)

Operating income by segment

Telecommunications business: Smart life business: Other businesses:

Ą744.2 billion (Up 20.7% year?on?year) Ą58.7 billion (Up 19.7% year?on?year) Ą39.5 billion (Up 95.8% year?on?year)

Consolidated financial statements in this document are unaudited

1

Selected Financial Data

U.S. GAAP

FY2015/1?3Q FY2016/1?3Q Changes

(Billions of yen) Cumulative Cumulative

(1)(2)(2) ? (1)

Operating revenues 3,383.5 3,469.6 +86.1

Operating expenses 2,698.0 2,627.3 ?70.7

Operating income 685.5 842.3 +156.8

(Excluding irregular*1 factors)(767.3)(+81.8)

Net income attributable to 492.4 589.4 +97.0

NTT DOCOMO, INC.

Capital expenditures 362.5 399.4 +37.0

Adjusted free cash flow*2 388.3 442.1 +53.8

*1: Excludes the impact on operating income caused by the change in depreciation method, etc. and the impact on operating income caused by “Zutto CarryOver,” etc.

*2: Adjusted free cash flow is calculated excluding the effects of changes in investment derived from purchases, redemption at

maturity and disposals of financial instruments held for cash management purposes with original maturities of longer than

three months.

2

Results by Segment

U.S.

GAAP

FY2015/1?3Q FY2016/1?3Q Changes

Cumulative Cumulative

(Billions of yen)(1)(2)(2) – (1)

Operating revenues 2,762.8 2,814.0 +51.2

Telecommunications

business

Operating income 616.3 744.2 +127.8

Operating revenues 373.8 382.0 +8.1

Smart life

business

Operating income 49.0 58.7 +9.7

Other Operating revenues 265.6 294.9 +29.3

businesses

Operating income 20.2 39.5 +19.3

<Ref.> Smart life Operating revenues 639.4 676.8 +37.4

business and

Other businesses Operating income 69.2 98.2 +29.0

3

Key Factors behind Changes in Operating Income

U.S. GAAP

Decrease in

(Billions of yen) network?related Increase in *2 expenses : other operating Decrease in Down 73.2 revenues: selling

Increase in mobile Up 32.1 expenses*1: 842.3 communications Down 43.4 Increase in services revenues: other 767.3 Up 59.0 operating Decrease in Increase in optical?fiber expenses: selling 685.5 broadband service Up 45.9 revenues, etc. : revenues: Down 71.5

Income impact from the change of Up 66.6 depreciation method, etc. : Up 57.0 Selling revenues and expenses: Income impact from Down 28.1 “Zutto CarryOver,” etc.: Up 18.0

Operating revenues Operating expense Up 86.1 Down 70.7

FY15/1-3Q FY16/1-3Q (Cumulative) (Cumulative)

*1: Sum of cost of equipment sold and commissions to agent resellers

*2: Sum of depreciation/amortization, loss on disposal of property, plant and equipment and intangible assets, and communication network charges 3

4

Operational Performance (1)

(Millions subs)

Mobile telecommunications Total smartphone/

Churn rate service subscriptions tablet users

73.59

69.60

34.93

31.63 0.57%

0.59%

FY15/3Q FY16/3Q FY15/3Q FY16/3Q FY15/1?3Q FY16/1?3Q (Cumulative) (Cumulative)

5

Operational Performance (2)

(Millions subs)

“Kake?hodai & Pake?aeru” new billing plan subs

“docomo Hikari” optical?fiber broadband subs

Topped 3 million on Jan. 14, 2017

35.20

26.52

FY15/3Q FY16/3Q

2.97

1.09

FY15/3Q FY16/3Q

6

ARPU/MOU

(Yen) Voice ARPU Packet ARPU docomo Hikari ARPU

4,370 4,450 4,040 4,230

60 210

2,880 2,960 2,780 2,930

1,490 1,260 1,240 1,280

FY13/3Q FY14/3Q FY15/3Q FY16/3Q

MOU

(Minutes) 117 128 136 139

For an explanation on ARPU and MOU, please see the slide “Definition and Calculation

Methods of ARPU and MOU” in this document

7

“Kake?hodai Light”: Expanded Applicability

“Kake?hodai Light” voice plan can now be combined with any “Share Pack” or “Data Pack”!

“Data Pack” “Ultra Data LL Pack” “Ultra Data L Pack”

“Data M Pack”

For individual use NEW

To start accepting applications “Data S Pack” from Jan. 30, 2017

“Share Pack” “Ultra Share Pack 100” “Kake?hodai”: Ą2,700 “Ultra Share Pack 50”

?Ą1,000 “Ultra Share Pack 15”

“Kake?hodai Light”:

“Ultra Share Pack 10” Ą1,700

For sharing with

family “Ultra Share Pack 5”

8

DOCOMO’s Student Discount

POINT 1 Discounts on basic monthly charges

Discounts of up to Ą1,500/month*1 for one year

* No new mobile phone subscription by family members, subscription to optical?fiber broadband service or purchase of

a new handset/device is necessary for application.

POINT 2 “d POINTs”

Gift of 500 points/month to users subscribing to eligible services*2

“dTV” “dmagazine” “dhits” “danime store” “Osusume Pack”

POINT 3 Free coupons

Free coupons once a month*3 for use at d POINT participating stores

*1 : A discount of up to Ą1,500/month on monthly charge will be provided when “Student Discount” is combined with “U25 Special

Discount.” Users who have already signed up to “Kake?hodai & Pake?aeru” plan can receive 1,000 points/month if they subscribe to “Ultra Pack.”

*2 : Giveaway “d POINTs” will be provided on monthly service usage up to July 2017. Eligible services include “dTV”, “dmagazine”,

“dhits”, “danime store” and “Osusume Pack.”

*3 : Coupons will be provided for up to four months. Planned to start in March 2017.

9

Increased Customer Returns

Expanded to 150.0 billion (Over a 12?month period)

For low?usage

For elderly customers customers

For young customers

“DOCOMO’s Enrichment

Student Discoun of new For customers billing plan with limited voice usage Launch of new billing plan For low?usage

For child?raising customers customers

“Welcome Campaign”

For long?term

“docomo Child Raising Support

For “docomo customers feature phone”

For high?usage users

customers renewal

“Kake?hodai Light

“Keitai Pack”

10

LTE Network

Network enhancements toward 5G

Total no. of LTE 154,300 base stations: 126,000

49,400

PREMIUM 4G?enabled base stations: 13,500

FY15/3Q FY16/3Q

*: 256QAM, 4X4 MIMO

370Mbps service using 3.5GHz band: Expanded to 104 cities across Japan

NEW

New speed enhancement techniques* to deliver Japan’s fastest 500Mbps/682Mbps services Planned to start in March 2017

*: 256QAM, 4X4 MIMO

The transmission speeds described herein are theoretical maximum downlink rates specified in the technical standard and the actual

rate may vary depending on the propagation conditions, etc.

Two frequency bands of 3.5GHz and 1.7GHz are used for the provision of 370Mbps service, which is available in 64 cities nationwide.

(The maximum downlink speed provided in areas other than Tokyo, Nagoya and Osaka is 332.5Mbps, for which the two frequency

bands of 3.5GHz and 2GHz are used. The 332.5Mbps service has been rolled out 11 in 40 cities nationwide.)

Effective Speed Measurement Results

Achieved further speed enhancements

(Measurement period) Oct.?Dec. 2016

Download Upload

(Mbps) (Mbps)

200

60

118

100

30

71 23 Legend

21

Max. value

Upper quartile

Median value

0 0 Lower quartile

FY15/3Q FY16/3Q FY15/3Q FY16/3Q Minimum value

Measurements were performed in accordance with the “Effective Speed Measurement Method of Internet Connection Services

Provided by Mobile Telecommunications Carriers” set forth by the Ministry of Internal Affairs and Communications. The values in the graphs represent the aggregated measurement results for

Android and iOS devices.

For details concerning the measurement method, including the cities where measurement was performed, please see the separately

published material. 12

The World Envisaged by 5G

High speed/Peak rate: Over 10Gbps large capacitySystem capacity: 1,000 times*

AR/VR

4K/8K video streaming

Stadium solution

Smart city, smart home

Connection with numerous devices

No. of simultaneously connected devices: 100 times*

Autonomous driving

Low latency

Transmission latency in Radio Access Network (RAN): 1ms or less

Remote medical services

Agricultural ICT

*: Targets compared to the 2010 level. (When compared to 2015, target system capacity is 100 times, and target no. of simultaneously

connected devices is 10 times.)

13

5G Trial Sites

Building an environment to experience new services employing 5G

Advanced security Multimedia services that

Tourist guide service service leveraging utilize next?generation Distribution of VR?based using VR/AR, etc. state-of-the y techniques high?quality technologies experience type content

No. of partner companies continue to grow

Trial Sites Trial launch date (planned)

Tokyo Waterfront City area

May 2017 or beyond Areas near TOKYO SKYTREE TOWN®

14

Cost Efficiency Improvement

(Billions of yen)

FY16/1?3Q FY16 full year (Cumulative) (target)

1H actual: -43

3Q actual: -39

-82 NEW

Additional reduction ?10

-110

Focus areas:

Network

Capital expenditures,

Maintenance outsourcing cost, etc.

Marketing

Sales tools, Handset repair, etc.

Other

R&D, Information system, etc.

The numbers above are the amount of cost reduction compared to the FY2015 level.

15

Smart Life Business & Other Businesses: Operating Income

Steadily progressing

(Billions of yen)

120.0

98.2

69.2

FY15/1-3Q FY16/1-3Q FY16 full-year (Cumulative) (Cumulative) (target)

Principal services, etc:

Smart Life business

Content services

Finance/Payment services

Group companies

Other businesses

Enterprise solutions

Support services for customers’ peace of mind, etc.

16

Content Services

“dmarket” “Anshin Pack”

16.66

(Million subs) 15.61

14.26

13.20

FY15/3Q FY16/3Q

FY15/3Q FY16/3Q

“dTV” “dhits” “dmagazine” “Anshin Net Security” “danime store” “dgourmet” “dkids” “Anshin Remote Support”* “d healthcare pack” “dliving”

“Mobile Device Protection Service”*

*: “Anshin Remote Support” and “Mobile Device Protection Service” are included in the “Support Services for Customers’ Peace of Mind”

17

Finance/Payment Services

(Million subs) “d CARD”

17.31

16.11 “d CARD Gold”

Dec. 28, 2016

Topped 2 million subs

FY15/3Q FY16/3Q

The total “d CARD” subscriptions represent the combined subscriptions to “d CARD” and “d CARD mini.”

18

Promotion of

No. partners: Grew to 205

74

FY15/3Q 4Q FY16/1Q 2Q 3Q

No. of “+d” partners: The number of partners that have created new value by integrating DOCOMO’s business assets with their own assets

19

Initiatives

“d POINT” NEW NEW

Smart life

“d Mobile Payment Plus”

Corporate Local governments NEW

Sales & Marketing IoT

5G trial site NEW

R&D AI, translation, drones

20

Full?scale development of Low Power Consumption IoT

LPWA network/solutions for various IoT to be rolled out from spring 2017

Cellular IoT

Cat.M / NB?IoT eDRX LoRa®

Cat.1 (currently in service)

Low speed/ Low power consumption Low price

low data volume (Operable for 10 years on battery)

…

Agriculture Vending machines Industrial machines Security Public infrastructure

Cat.M, eDRX and LoRa services are currently provided on a trial basis for verification. Please refer to the Appendices for glossary.

21

DOCOMO’s “Work Style Reform”

Promote self?discipline and challenge

Broader

Diversity Health and work style management productivity options

Women’s career

Intra?company step count development program Shifted working hours competition

Promotion of LGBT Work at home

Health promotion seminar awareness

DOCOMO Let’s Walk! Campaign 2016

Changing Changing our approach our to work work style

22

FY2016/1?3Q Summary

Recorded YOY increase in both operating revenues and income. FY2016/1?3Q (cumulative) operating income: Ą842.3 billion.

Operating income excluding irregular factors: Ą767.3 billion.

Increased customer returns from previously Ą110 billion to Ą150 billion for the full year.

Raised full?year cost efficiency improvement target to 110 billion.

Operating income from Smart life business and Other businesses: Ą98.2 billion

No. of “+d” partners grew from 74 to 205.

Full?scale roll?out of low power consumption IoT services starting progressively from spring 2017.

Promotion of “work style reform”

23

The new of today, the norm of tomorrow

Danger ahead! Smartphone?distracted walking

24

Appendices

25

LPWA Technology

Terminology

Cat. 1 : A category of telecommunication specification defined in the initial phase of LTE standardization (3GPP Rel-8). Realizes data rates of up to 10Mbps(downlink) and 5Mbps (uplink).

Comparing to the high-speed LTE, it can provide modules by lower cost.

Cat. M : A technique that aims to lower the cost and power consumption of modules by limiting the functions of high-speed LTE. Movable while connecting to network.

NB-IoT : A newly designed technique aimed at lowering the cost and power consumption of modules. Unmovable while connecting to network. eDRX : A technique that realizes significant reduction in power consumption through creation of sleep status by extending the interval of incoming data.

LoRa : A low-cost, low-power consumption technology that utilizes the unlicensed 920MHz band.

Telecommunication standards

Cat.1 Cat.M NB-IoT LoRa

Technical

3GPP 3GPP 3GPP LoRa Alliance

specification

Frequency band LTE Carrier LTE Carrier LTE Carrier Unlicensed band

Peak rate

10M/5Mbps 1M/1Mbps 29k/63kbps 50k/50kbps

(Down/Uplink)

Mobility Movable Movable Unmovable Unmovable

(while connecting to network)

26

Services, etc., Included in Each Reportable Segment

Telecommunications business

Mobile communications services

Xi services (LTE)FOMA services (3G)International servicesSales of handset/equipment for each service, etc.

Optical fiber broadband service and other telecommunications services

Optical?fiber broadband servicesSatellite communications services, etc.

Smart life business

Content services

“dmarket”“Anshin Net Security”“Sugotoku Contents”“Cloud Storage Option” etc.

Finance/Payment services

Credit serviceProxy bill collection”d Mobile Payment” etc.

Group companies

Oak Lawn Marketing, Inc.ABC Cooking Studio, Co. Ltd.docomo Healthcare, Inc. etc.

Other businesses

Enterprise solutions

Enterprise IoT solutionsSystem development/sales/maintenance services etc.

Support services for customers peace of mind

“Mobile Device Protection Service”“Anshin Remote Support” etc.

27

Definition and Calculation Methods of ARPU and MOU

i. Definition of ARPU and MOU a. ARPU (Average monthly Revenue Per Unit):

Average monthly revenue per unit, or ARPU, is used to measure average monthly operating revenues attributable to designated services on a per user basis. ARPU is calculated by dividing telecommunications services revenues (excluding certain revenues) by the number of active users of our wireless services in the relevant periods, as shown below “ARPU Calculation Method.” We believe that our ARPU figures provide useful information to analyze the average usage per user and the impacts of changes in our billing arrangements. The revenue items included in the numerators of our ARPU figures are based on our U.S. GAAP results of operations. b. MOU (Minutes of Use): Average monthly communication time per user.

ii. ARPU Calculation Methods

Aggregate ARPU = Voice ARPU + Packet ARPU + “docomo Hikari” ARPU

?Voice ARPU : Voice ARPU Related Revenues (basic monthly charges, voice communication charges)

/ No. of active users

?Packet ARPU : Packet ARPU Related Revenues (basic monthly charges, packet communication charges)

/ No. of active users

?“docomo Hikari” ARPU  : “docomo Hikari”?related revenues (basic monthly charges, voice communication charges)

/ No. of active users

?In addition, the sum of Packet ARPU and “docomo Hikari” ARPU is referred to as Data ARPU.

iii. Active Users Calculation Method

Sum of No. of active users for each month ((No. of users at the end of previous month + No. of users at the end of current month) /2) during the relevant period

Note:

1. The number of “users” used to calculated ARPU and MOU is the total number of subscriptions, excluding the subscriptions listed below: a. Subscriptions of communication modules services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs); and b. Data Plan subscriptions in the case where the customer contracting for such subscription in his/her name also has a subscription for “Xi” or “FOMA” services in his/her name.

2. Revenues from communication module services, “Phone Number Storage,” “Mail Address Storage,” “docomo Business Transceiver” and wholesale telecommunications services and interconnecting telecommunications facilities that are provided to Mobile Virtual Network Operators (MVNOs) are not included in the ARPU calculation.

ARPU and MOU calculation method were changed beginning with the results presentation for the first three months of the fiscal year ended March 31, 2016. Conventional ARPU calculation method is as below:

ARPU(conventional calculation): (Voice revenues + Packet revenues + Revenues accounted for in Smart ARPU)/No. of subscriptions after subtracting communication modules and MVNO subscriptions, etc. 28

Special Note Regarding Forward?Looking Statements

This presentation contains forward?looking statements such as forecasts of results of operations, management strategies, objectives and plans, forecasts of operational data such as the expected number of subscriptions, and the expected dividend payments. All forward?looking statements that are not historical facts are based on management’s current plans, expectations, assumptions and estimates based on the information currently available. Some of the projected numbers in this presentation were derived using certain assumptions that were indispensable for making such projections in addition to historical facts. These forward?looking statements are subject to various known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those contained in or suggested by any forward?looking statement. Potential risks and uncertainties include, without limitation, the following:

(1) Changes in the market environment in the telecommunications industry, such as intensifying competition from other businesses or other technologies caused by Mobile Number Portability, development of appealing new handsets, new market entrants, mergers among other service providers and other factors, or the expansion of the areas of competition could limit the acquisition of new subscriptions and retention of existing subscriptions by our corporate group, or it may lead to ARPU diminishing at a greater than expected rate, an increase in our costs, or an inability to optimize costs as expected.

(2) If current and new services, usage patterns, and sales schemes proposed and introduced by our corporate group cannot be developed as planned, or if unanticipated expenses arise the financial condition of our corporate group could be affected and our growth could be limited.

(3) The introduction or change of various laws or regulations inside and outside of Japan, or the application of such laws and regulations to our corporate group, could restrict our business operations, which may adversely affect our financial condition and results of operations.

(4) Limitations in the amount of frequency spectrum or facilities made available to us could negatively affect our ability to maintain and improve our service quality and level of customer satisfaction and could increase our costs.

(5) Other mobile service providers in the world may not adopt the technologies and the frequency bands that are compatible with those used by our corporate group’s mobile communications system on a continuing basis, which could affect our ability to sufficiently offer international services.

(6) Our domestic and international investments, alliances and collaborations, as well as investments in new business fields, may not produce the returns or provide the opportunities we expect.

(7) Malfunctions, defects or imperfections in our products and services or those of other parties may give rise to problems.

(8) Social problems that could be caused by misuse or misunderstanding of our products and services may adversely affect our credibility or corporate image. (9) Inadequate handling of confidential business information including personal information by our corporate group, contractors and others may adversely affect our credibility or corporate image.

(10) Owners of intellectual property rights that are essential for our business execution may not grant us a license or other use of such intellectual property rights, which may result in our inability to offer certain technologies, products and/or services, and our corporate group may also be held liable for damage compensation if we infringe the intellectual property rights of others. In addition, the illicit use by a third party of the intellectual property rights owned by our corporate group could reduce our license revenues actually obtained and may inhibit our competitive superiority.

(11) Events and incidents caused by natural disasters, social infrastructure paralysis such as power shortages, the proliferation of harmful substances, terror or other destructive acts, the malfunctioning of equipment, software bugs, deliberate incidents induced by computer viruses, cyber?attacks, equipment misconfiguration, hacking, unauthorized access and other problems could cause failure in our networks, distribution channels, and/or other factors necessary for the provision of service, disrupting our ability to offer services to our subscribers and such incidents may adversely affect our credibility or corporate image, or lead to a reduction of revenues and/or increase of costs.

(12) Concerns about adverse health effects arising from wireless telecommunications may spread and consequently adversely affect our financial condition and results of operations.

(13) Our parent company, NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT), could exercise influence that may not be in the interests of our other shareholders.

Names of companies, products, etc., contained in this presentation are the trademarks or registered trademarks of their respective organizations.

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