Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
4
¥ trillion (consolidated EBITDA target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROIC+4.0pt
基準 2,026Target2,030％
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).
What happened to the previous plan¥4 trillion (current medium-term target for fiscal 2027) → ¥3.4 trillion (fiscal 2025 actual) / ¥3.4 trillion (fiscal 2026 earnings forecast)（not_computable）-0.0%Calculated from the two disclosed figures
Investment amount by sectorField Strategic growth investment / Subject Mobility, space, photonic quantum computing, etc. / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyLevel: not disclosed, period covered: not disclosed. “The basic policy is to continuously increase dividends.”The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policy“To be implemented flexibly to improve capital efficiency.” The amount, timing and terms of the purchases are not disclosed.
Key initiatives
01① Expand the Domestic Corporate Business by maximizing the value provided to customers
02② Accelerate growth in the Overseas Business, centered on AI and data centers
03③ Further expand the Personal Business, centered on the Financial Business
04④ Shift to AI-native next-generation infrastructure
05⑤ Toward the realization of AI-native next-generation infrastructure
06⑥ Maintain cash-generation capacity by stabilizing profits from the communications business
07⑦ Commercialize new areas at an early stage
Plan assumptionsReference figures based on the planned business reorganization in the financial business in July 2026 and the transition to the “NTT Docomo Financial Group” structure
Segment targetSegment Domestic Corporate Business / Indicator EBITDA / FY2025 Approximately ¥900 billion / FY2030 Approximately ¥1.21 trillion, Segment Overseas Operations / Indicator EBITDA / FY2025 Approximately ¥420 billion / FY2030 Approximately ¥600 billion, Segment IT Services Business / Indicator EBITDA / FY2025 Approximately ¥140 billion / FY2030 Approximately ¥200 billion, Segment Data center business / Indicator EBITDA / FY2025 Approximately ¥280 billion / FY2030 Approximately ¥400 billion, Segment Personal Business / Indicator EBITDA / FY2025 Approximately ¥350 billion / FY2030 Approximately ¥510 billion, Segment Financial Business / Indicator EBITDA / FY2025 ¥70.0 billion / FY2030 ¥230 billion, Segment Consumer Communications Business / Indicator EBITDA / FY2025 ¥870 billion / FY2030 ¥870 billion, Segment Regional Communications Business / Indicator EBITDA / FY2025 ¥700 billion / FY2030 ¥800 billion
Non-financial targetsIndicator Percentage of newly appointed management positions filled by women / Target value At least 30% annually / Timing Each year, Indicator Greenhouse Gas Emissions / Target value Achieve carbon neutrality and aim for net zero in fiscal 2040 / Timing FY2040, Indicator Employee engagement rate / Target value Improved / Timing Not disclosed
Risks identified by the company
Potential volatility arising from future business operations, domestic and overseas economic conditions, securities markets and other changes in circumstances
Inherent uncertainty and unpredictability in projected figures and statements concerning the outlook for the future
Reason for revision or withdrawal
Although growth areas are steadily expanding profits through proactive investment and the realization of its results, the competitive environment in existing areas has become more challenging due to efforts to strengthen the customer base and increased traffic. In light of these changes in the business environment, the revision is intended to achieve both medium- to long-term growth and a stable financial base.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Strategy |
| Plan period | Start year: not disclosed, final year: fiscal 2030 (previous final year: fiscal 2027) |
| Progress against the plan | Partially revised |
| ROIC target | 5.0% (fiscal 2026 earnings forecast) → 5.5% (fiscal 2030 target, excluding the financial business)（+10.0％） |
| Payout ratio / DOE policy | Level: not disclosed, period covered: not disclosed. “The basic policy is to continuously increase dividends.” |
| Treasury share acquisition policy | “To be implemented flexibly to improve capital efficiency.” The amount, timing and terms of the purchases are not disclosed. |
| Investment amount by sector | Field Strategic growth investment / Subject Mobility, space, photonic quantum computing, etc. / Amount Not disclosed |
| Segment target | Segment Domestic Corporate Business / Indicator EBITDA / FY2025 Approximately ¥900 billion / FY2030 Approximately ¥1.21 trillion, Segment Overseas Operations / Indicator EBITDA / FY2025 Approximately ¥420 billion / FY2030 Approximately ¥600 billion, Segment IT Services Business / Indicator EBITDA / FY2025 Approximately ¥140 billion / FY2030 Approximately ¥200 billion, Segment Data center business / Indicator EBITDA / FY2025 Approximately ¥280 billion / FY2030 Approximately ¥400 billion, Segment Personal Business / Indicator EBITDA / FY2025 Approximately ¥350 billion / FY2030 Approximately ¥510 billion, Segment Financial Business / Indicator EBITDA / FY2025 ¥70.0 billion / FY2030 ¥230 billion, Segment Consumer Communications Business / Indicator EBITDA / FY2025 ¥870 billion / FY2030 ¥870 billion, Segment Regional Communications Business / Indicator EBITDA / FY2025 ¥700 billion / FY2030 ¥800 billion |
| Non-financial targets | Indicator Percentage of newly appointed management positions filled by women / Target value At least 30% annually / Timing Each year, Indicator Greenhouse Gas Emissions / Target value Achieve carbon neutrality and aim for net zero in fiscal 2040 / Timing FY2040, Indicator Employee engagement rate / Target value Improved / Timing Not disclosed |
| Plan assumptions | Reference figures based on the planned business reorganization in the financial business in July 2026 and the transition to the “NTT Docomo Financial Group” structure |
| Key initiatives | ① Expand the Domestic Corporate Business by maximizing the value provided to customers, ② Accelerate growth in the Overseas Business, centered on AI and data centers, ③ Further expand the Personal Business, centered on the Financial Business, ④ Shift to AI-native next-generation infrastructure, ⑤ Toward the realization of AI-native next-generation infrastructure, ⑥ Maintain cash-generation capacity by stabilizing profits from the communications business, ⑦ Commercialize new areas at an early stage |
| Results under the previous plan | ¥4 trillion (current medium-term target for fiscal 2027) → ¥3.4 trillion (fiscal 2025 actual) / ¥3.4 trillion (fiscal 2026 earnings forecast)（not_computable） |
| Reason for revision or withdrawal | Although growth areas are steadily expanding profits through proactive investment and the realization of its results, the competitive environment in existing areas has become more challenging due to efforts to strengthen the customer base and increased traffic. In light of these changes in the business environment, the revision is intended to achieve both medium- to long-term growth and a stable financial base. |
| Risks identified | Potential volatility arising from future business operations, domestic and overseas economic conditions, securities markets and other changes in circumstances, Inherent uncertainty and unpredictability in projected figures and statements concerning the outlook for the future |
| Date of board resolution | 8 May 2026 |
| Publication date | 8 May 2026 |
Items this document does not state (9)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSize of the Target Market
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.While growth areas are steadily expanding profits through proactive investment and the realization of its results, the competitive environment in existing areas has become more challenging due to efforts to strengthen the customer base and increased traffic. Achieving both medium- to long-term growth and a stable financial base is also a reason.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.