JAPAN TELECOM HOLDINGS ANNOUNCES FISCAL 2002 INTERIM RESULTS - 5
Condensed Consolidated Balance Sheets
As of 30 September 2002 and 31 March 2002
|As of 30 September 2002||As of 31 March 2002|
|Investments and advances||91,289||89,168|
|Liabilities and Shareholders' Equity|
Total liabilities, Minority Stakes
and Shareholders' Equity
- Ends -
Notes to Editors
JAPAN TELECOM HOLDINGS CO., LTD.
With effect from August 1, 2002, the JAPAN TELECOM Group implemented a new holding company structure under which JAPAN TELECOM CO., LTD. (JAPAN TELECOM), was renamed JAPAN TELECOM HOLDINGS CO., LTD. (JAPAN TELECOM HOLDINGS), and operates its fixed-line, mobile, and other businesses as separate, peer subsidiaries. In addition to supervising the consolidated operations of the JAPAN TELECOM Group, JAPAN TELECOM HOLDINGS concentrates much of its efforts on realizing synergies and facilitating business efficiencies among its subsidiaries. For more information, please visit www.vodafone-holdings.co.jp
J-PHONE CO., LTD.
J-PHONE CO., LTD. (J-PHONE) is a leading mobile operator in Japan and a member of the Vodafone Group, the world's largest mobile community. J-PHONE offers sophisticated mobile services, including high-quality voice telephony, Sha-mail (picture messaging), Movie Sha-mail (video messaging), J-SKY (Internet and e-mail access), and Java's applications. As of October 1, 2002, the company had more than 13 million customers, of which more than 85% are J-SKY subscribers. J-PHONE was awarded one of three licenses to operate 3G mobile services in Japan and is currently at an advanced stage of deploying a 3G W-CDMA network. For more information, please visit www.j-phone.com
JAPAN TELECOM CO., LTD.
JAPAN TELECOM CO., LTD. (JAPAN TELECOM), started operations in 1986 as a carrier providing long-distance services throughout Japan. It delivers voice and data transmission services to its customers through a 10,000-kilometer fiber-optic network that spans Japan. In 1997, JAPAN TELECOM merged with International Telecom Japan and launched global network services that made it Japan's first carrier operating both at home and around the world. As an IP service leader, JAPAN TELECOM has consistently been a pioneer in introducing the most advanced IP technology, such as Japan's first nationwide IP backbone in 1998, Japan's first Giga-bit level optical switch network in 2000, and the world's first MPLS-based IX network services in 2002. As part of the implementation of the new holding company structure, the core fixed-line business of JAPAN TELECOM was transferred to a new wholly owned subsidiary of JAPAN TELECOM HOLDINGS, JAPAN TELECOM CO., LTD. (New JAPAN TELECOM). For more information, please visit www.japan-telecom.co.jp
JAPAN TELECOM HOLDINGS' non-consolidated results for the first six months of fiscal 2002 comprise the results of JAPAN TELECOM until 31 July 2002 (during which it was the operating company for the fixed-line business and until 30 June 2002 the operating company for the businesses operated by Japan System Solution Co., Ltd. and Telecom Express Co., Ltd.) and the results of JAPAN TELECOM HOLDINGS thereafter.
This press release contains certain forward-looking statements concerning the operations and strategy of JAPAN TELECOM HOLDINGS (references to which in this disclaimer shall include, as appropriate, JAPAN TELECOM) and its expectations concerning its financial and operating results, in particular its fiscal 2002 performance forecasts (including consolidated operating revenue, ordinary profit and net profit and non-consolidated operating revenue, ordinary profit and net profit), as well as expectations for trends in the Japanese fixed-line and wireless telecommunications markets. This press release also contains certain forward-looking statements concerning J-PHONE's operations and strategy and its expectations concerning its financial and operating results, in particular its expectations for the launch of full commercial 3G services and 3G area coverage. By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.
There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: changes in economic conditions that would adversely affect demand for JAPAN TELECOM HOLDINGS's and J-PHONE's services; greater than anticipated competitive activity; slower customer growth or reduced customer retention; the impact on capital spending from investment in network capacity and the deployment of new technologies, including 3G technology; the possibility that technologies will not perform according to expectations or that vendors' performances will not meet JAPAN TELECOM HOLDINGS's or J-PHONE's requirements; changes in projected growth rates in the telecommunications industry; the accuracy of and any changes in JAPAN TELECOM HOLDINGS's and J-PHONE's projected revenue models; future revenue contributions of data services offered by JAPAN TELECOM or J-PHONE; JAPAN TELECOM HOLDINGS's and J-PHONE's ability to successfully introduce new services, in particular 3G services, and the delivery and performance of key products; the success of JAPAN TELECOM HOLDINGS in achieving disposals of non-core assets, changes in the regulatory framework in which JAPAN TELECOM HOLDINGS and J-PHONE operate; and the impact of legal or other proceedings involving JAPAN TELECOM HOLDINGS or J-PHONE or other companies in the telecommunications industry.
All written or verbal forward-looking statements attributable to JAPAN TELECOM HOLDINGS and J-PHONE or persons acting on their behalf made in this press release or subsequent hereto are expressly qualified in their entirety by the factors referred to above.