Toyota 2015 Annual Report Download - page 181

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TOYOTA MOTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The reissuance, repurchase and retirement of treasury stock for the years ended March 31, 2015 and 2016
are as follows:
For the year ended March 31, 2015
Reissuance of treasury stock
Reason for reissuing treasury stock -
TMC resolved at the Meeting of the Board of Directors held on March 26, 2014 to establish Toyota
Mobility Foundation, a General Incorporated Foundation (the “Foundation”). The reissuance of treasury stock
was made by way of third-party allotment to a trust that was established by TMC to provide funding for the
activities of the Foundation through dividends, etc. on TMC’s common stock.
Details of matters relating to reissuance -
Number of common shares reissued ............................ 30,000,000 shares
Price of reissuance .......................................... ¥1pershare
Amount of proceeds ......................................... ¥30million
Repurchase of treasury stock
Reason for repurchasing treasury stock -
The repurchase was made to avoid the dilution of common share value triggered by the reissuance of
treasury stock described above, and to promote capital efficiency and agile capital policy in view of the business
environment.
Details of matters relating to repurchase -
Number of common shares repurchased ......................... 55,521,900 shares
Total purchase price for repurchase of shares ..................... ¥359,994 million
Retirement of treasury stock
Reason for retiring treasury stock -
The retirement was made to relieve concerns regarding the dilution of common share value due to
reissuance of treasury stock in the future.
Details of matters relating to retirement -
Number of common shares retired .............................. 30,000,000 shares
The amount on retirement of treasury stock and the amount of the difference between fair value and book
value of treasury stock on reissuance for the Foundation were treated as a reduction in additional paid-in capital
and retained earnings and the amount of the difference between amount of proceeds and fair value of treasury
stock on reissuance was included in Other income (expense). The fair value of treasury stock was measured using
a dividend discount model due to the restrictions on transfer in the reissued stock for the Foundation. As a result,
treasury stock, additional paid-in capital, retained earnings and Other income (expense) decreased by
¥246,807 million, ¥4,624 million, ¥142,753 million and ¥99,400 million, respectively.
F-40