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83
MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
22. Related Party Transactions
MMC entered into the following transactions with related parties during the years ended March 31, 2006 and 2005:
March 31, 2006
(a) (b)
Party type: Main stockholder Main stockholder
Party name: DaimlerChrysler AG Mitsubishi Corporation
Address: Stuttgart, Germany Chiyoda-Ku, Tokyo, Japan
Capital: Euro 2,649 million ¥197,817 million
Business: Manufacturing and sales of passenger Wholesale trading
cars and other transportation equipment
% of voting stock held: — Direct 14.1
Concurrent board appointment: — 1 concurrent member, 2 permanently
transferred to MMC
Business relationship: International alliances for research, Trading partner
development, production, sales and
similar for passenger cars
Detail of transaction: Loss compensation based on Capital injection
Mitsubishi Fuso Truck and Bus
Corporation stock transfer contract
Transaction amount: — ¥30,000 million ($255,384 thousand)
Account title: Accrued expenses, accounts payable Preferred stock and Capital surplus
and deferred income
(see (ii)and (iii) below) (see ( i ) below)
(i) The capital injection was a third party allocation of preferred stock and decided by negotiation.
The balances at year end were ¥15,000 million ($127,692 thousand) in preferred stock and ¥15,000 million
($127,692 thousand) in capital surplus.
(ii) The loss compensation based on stock transfer contract was decided by negotiation based on Mitsubishi Fuso
Truck and Bus Corporation’s net assets.
(iii) DaimlerChrysler AG no longer qualifies as a related party as of November 11, 2005. The transaction amount
above is based on the period when DaimlerChrysler AG qualified as a related party, and the ending balance at
the time of DaimlerChrysler’s withdrawal was ¥23,858 million ($203,103 thousand).
Notes to Consolidated Financial Statements