NTT DOCOMO, INC. TOKYO, JAPAN, April 28, 2016 --- NTT DOCOMO, INC. announced today that at the meeting of its board of directors held today, April 28 2016, its board of directors approved a resolution for NTT DOCOMO's wholly-owned consolidated subsidiary mmbi, Inc. ('mmbi') to perform an absorption-type merger of mmbi's wholly-owned consolidated subsidiary Japan Mobilecasting, Inc. ('Japan Mobilecasting') effective July 1, 2016 (the 'merger between subsidiaries'), and for NTT DOCOMO to perform an absorption-type merger with mmbi ('merger with NTT DOCOMO'; with the merger between subsidiaries, collectively referred to as the 'merger') on the same day on the precedent condition that the merger between subsidiaries takes effect.
Certain disclosure information and details have been omitted because the merger between subsidiaries is a short form merger of consolidated subsidiaries and the merger with NTT DOCOMO is a simplified merger and short form merger with a wholly-owned consolidated subsidiary of NTT DOCOMO.
1. Purpose of the Merger
While the NTT DOCOMO group operates, through mmbi, a multimedia broadcast business for mobile devices and operates, through Japan Mobilecasting, a business providing a broadcasting station for multimedia broadcast for mobile devices, each such business will be concluded on June 30, 2016. Accordingly, the merger was decided upon because it was determined to be necessary to further streamline group management and speed up decision-making with the aim of efficiently dealing with the business remaining after each of mmbi and Japan Mobilecasting's respective businesses are concluded on June 30, 2016.
2. Summary of the Merger between Subsidiaries
3. Overview of the Merging Parties in the Merger between Subsidiaries (as of March 31, 2016)
| Name |
mmbi, Inc. (Company surviving absorption-type merger) |
Japan Mobilecasting, Inc. (Company absorbed in absorption-type merger) |
| Address | 9-7-1 Akasaka, Minato-ku, Tokyo | 9-7-1 Akasaka, Minato-ku, Tokyo |
| Name and title of representative | Hiroshi Wakimoto, President & CEO | Masayuki Ishikawa, President & CEO |
| Businesses | Terrestrial Basic Broadcasting for Mobile Equipment and related services | Establishment and operation of facilities related to the business of providing basic stations for Terrestrial Basic Broadcasting for Mobile Equipment |
| Capital stock | 24,890,000,000 yen | 5,090,000,000 yen |
| Date established | December 6, 2006 | January 11, 2011 |
| Shares of common stock issued | 992,000 shares | 200,000 shares |
| End of fiscal year | March 31 | March 31 |
| Major shareholders and percentage of shares held | NTT DOCOMO, Inc. (100%) | mmbi, Inc. (100%) |
Financial condition and management performance in most recent fiscal year (unaudited figures)
| mmbi, Inc. | Japan Mobilecasting, Inc. | |
| Fiscal year |
Year ended March 31, 2016 (Non-consolidated, Japanese GAAP) |
Year ended March 31, 2016 (Non-consolidated, Japanese GAAP) |
| Net assets | - 67,007 million yen | - 37,361 million yen |
| Total assets | 4,159 million yen | 2,523 million yen |
| Net assets per share | - 67,548.28 yen | - 186,808.56 yen |
| Net sales | 8,378 million yen | 7,248 million yen |
| Operating income | 7,088 million yen | 2,234 million yen |
| Recurring profit | - 7,894 million yen | 1,907 million yen |
| Net income | - 16,985 million yen | - 8,459 million yen |
| Net income per share | - 17,122.21 yen | - 42,299.24 yen |
4. Status after the Merger between Subsidiaries
5. Summary of the Merger with NTT DOCOMO
6. Overview of the Parties to the Merger with NTT DOCOMO (as of March 31, 2016)
| Name |
NTT DOCOMO, Inc. (Company surviving absorption-type merger) |
mmbi, Inc. (Company absorbed in absorption-type merger) |
| Address | 2-11-1 Nagata-cho, Chiyoda-ku, Tokyo | 9-7-1 Akasaka, Minato-ku, Tokyo |
| Name and title of representative | Kaoru Kato, President and CEO | Hiroshi Wakimoto, President & CEO |
| Businesses | Mobile communications business of mobile telephones | Terrestrial Basic Broadcasting for Mobile Equipment and related services |
| Capital stock | 949,679,500,000 yen | 24,890,000,000 yen |
| Date established | August 1, 1991 | December 6, 2006 |
| Shares of common stock issued | 3,958,543,000 shares | 992,000 shares |
| End of fiscal year | March 31 | March 31 |
| Major shareholders and percentage of shares held |
Nippon Telegraph and Telephone Corporation (62.37%) Japan Trustee Services Bank Ltd. (trust account) (2.02%) The Master Trust Bank of Japan, Ltd. (trust account) (1.78%) | NTT DOCOMO, Inc. (100%) |
Financial condition and management performance in most recent fiscal year (unaudited figures)
|
NTT DOCOMO, INC. (Consolidated, U.S. GAAP) | |
| Fiscal year | Year ended March 31, 2016 |
| Total Equity (Net Assets) | 5,343,105 million yen |
| Total Assets | 7,214,114 million yen |
| NTT DOCOMO, INC. Shareholders' Equity per Share | 1,409.94 yen |
| Operating Revenues | 4,527,084 million yen |
| Operating Income | 783,024 million yen |
| Income Before Income Taxes and Equity in Net Income (Losses) of Affiliates | 778,021 million yen |
| Net Income Attributable to NTT DOCOMO, INC. | 548,378 million yen |
| Basic Earnings per Share Attributable to NTT DOCOMO, INC. | 141.30 yen |
|
mmbi, Inc. (Non-consolidated, Japanese GAAP) | |
| Fiscal year | Year ended March 31, 2016 |
| Net assets | - 67,007 million yen |
| Total assets | 4,159 million yen |
| Net assets per share | - 67,548.28 yen |
| Net sales | 8,378 million yen |
| Operating income | 7,088 million yen |
| Recurring profit | - 7,894 million yen |
| Net income | - 16,985 million yen |
| Net income per share | - 17,122.21 yen |
7. Status after the Merger with NTT DOCOMO
NTT DoCoMo Inc. issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 April 2016 01:57:07 UTC
Original Document: https://www.nttdocomo.co.jp/english/info/media_center/pr/2016/0428_00.html
