DoCoMo dissolves mobile business consulting arm

01 Sep 2006

NTT DoCoMo announced that it will dissolve Allucher, its subsidiary in Japan involved in marketing and consulting services for mobile phone use for businesses.

DoCoMo said it made the decision to 'encourage employee entrepreneurship.'

Observers however said the changing business environment has made it difficult for Allucher to continue its business, and that it has been unable to meet its revenue and profit targets.

The liquidation is expected to be completed in January 2007.

The dissolution is not expected to have significant impact on DoCoMo's consolidated or non-consolidated results of operations.

The dissolution does not affect the forecast of DoCoMo's results of operations for the fiscal year ending March 2007, DoCoMo said.

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