Mitsubishi 2007 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2007 Mitsubishi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

81
Notes to Consolidated Financial Statements
(2) Size and fluctuation of stock options
Outstanding stock options during the year ended March 31, 2007 converted to numbers of shares are as follows.
March 31, 2007
Non-vested (number of shares):
Outstanding at the beginning of the year: —
Granted during the year: —
Forfeited during the year: —
Vested during the year: —
Outstanding at the end of the year: —
Vested (number of shares):
Outstanding at the beginning of the year: 1,168,000
Vested during the year: —
Exercised during the year: 64,000
Forfeited during the year: 16,000
Outstanding at the end of the year: 1,088,000
Exercise price: ¥173
Weighted-average market price at exercise date: ¥240
Fair evaluation price: —
23. Business Combinations
During the year ended March 31, 2007, in order to improve the efficiency of its sales network by the integration of
domestic sales companies, MMC merged its consolidated subsidiaries as follows.
1. Business of the entities combined:
Sale of vehicles, etc.
2. Description of business of the entities combined:
Sale of vehicles, etc.
3. Legal form of business combinations:
Absorption by surviving company
4. Corporate name before and after the business combination:
April 1, 2006
Corporate name before the business combination Corporate name after the business combination
Surviving company: Shimane Mitsubishi Motors Sanin Mitsubishi Motors Sales Co., Ltd.
Sales Co., Ltd.
Non-surviving company: Nishi Tottori Mitsubishi
Motors Sales Co., Ltd.
July 1, 2006
Corporate name before the business combination Corporate name after the business combination
Surviving company: Saitama Chuo Mitsubishi Saitama Mitsubishi Motors Sales Co., Ltd.
Motors Sales Co., Ltd.
Non-surviving company: Saitama Mitsubishi
Motors Sales Co., Ltd.
Surviving company: Iyo Mitsubishi Motors Ehime Mitsubishi Motors Sales Co., Ltd.
Sales Co., Ltd.
Non-surviving companies: Uwajima Mitsubishi
Motors Sales Co., Ltd.
Matsuyama Mitsubishi
Motors Sales Co., Ltd.