Earnings release for the third quarter of FY2003, ended December 31, 2003 - 3
About Vodafone Holdings K.K.
Vodafone Holdings, formerly JAPAN TELECOM HOLDINGS Co., Ltd., provides mobile services through its 45.1% interest in its subsidiary Vodafone K.K. Vodafone Holdings K.K. is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange, with Vodafone Group Plc holding an indirect interest of 66.7% in the company. Separately from Vodafone Holdings, Vodafone Group Plc also holds an indirect 39.7% interest in Vodafone K.K., giving it a total economic interest of approximately 69.7% in Vodafone K.K. Vodafone Holdings' other significant assets are 100% stakes in Japan System Solution Co., Ltd. and Telecom Express Co., Ltd. For more information, please visit www.vodafone-holdings.co.jp
About Vodafone K.K.
Vodafone K.K., formerly J-PHONE Co., Ltd., is a leading mobile operator in Japan with over 14 million customers and is a subsidiary of Vodafone Group Plc, the world' largest mobile community. The Tokyo-based company offers a wide range of sophisticated mobile voice and data services including Vodafone live!, which provides e-mail and Internet access to 86% of its customers, and Sha-mail, the pioneering picture messaging service first introduced in November 2000 that now has over 11 million users. In December 2002, Vodafone K.K. launched Vodafone Global Standard, the world's first commercial 3G W-CDMA service based on 3GPP international standards. Vodafone Global Standard offers its customers fast data speeds in Japan and roaming on 119 networks in 84 countries a s of 22 January 2004. For more information, please visit www.vodafone.jp
This press release contains certain forward-looking statements concerning the operations and strategy of Vodafone Holdings and its expectations concerning its financial and operating results, in particular its fiscal 2003 performance forecasts (including consolidated operating revenue, ordinary income and net income), 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 the operations and strategy of odafone K.K. and its expectations concerning its financial and operating results and capital expenditure. 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 Vodafone Holdings' and Vodafone K.K.'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 Vodafone Holdings' or Vodafone K.K.'s requirements; changes in projected growth rates in the telecommunications industry; the accuracy of and any changes in Vodafone Holdings' and Vodafone K.K.'s projected revenue models; future revenue contributions of data services offered by Vodafone Holdings or Vodafone K.K.; Vodafone Holdings' and Vodafone K.K.'s ability to successfully introduce new services, in particular 3G services, and the delivery and performance of key products; changes in the regulatory framework in which Vodafone Holdings and Vodafone K.K. operate; and the impact of legal or other proceedings involving Vodafone Holdings or Vodafone K.K. or other companies in the telecommunications industry.
All written or verbal forward-looking statements attributable to Vodafone Holdings and Vodafone K.K. 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.