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24. Income and Equity per Share
Net income and equity per share of common stock for the years
ended March 31, 2011 and 2010 are summarized as follows:
(In yen)
(In U.S.
dollars)
March 31,
2011 2010 2011
Net income (loss) per share
of common stock
Basic ¥2.82 ¥0.86 $0.03
Diluted 1.66 0.51 0.02
Stockholders’ equity per
share of common stock (35.90) (38.54) (0.43)
The computations of net income per share of common stock for
the years ended March 31, 2011 and 2010 are as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2011 2010 2011
Numerator for basic net
income (loss) per share of
common stock:
Net income (loss)
¥15,621 ¥4,758 $187,867
Income not available to
common stockholders
———
Income available to
common stockholders
¥15,621 ¥4,758 $187,867
Denominator for net income
(loss) per share of common
stock:
Weighted average number
of shares (in thousands)
5,537,867 5,537,858
Number of dilutive
potential common
shares (in thousands)
3,880,647 3,880,647
(Preferred stock)
(3,880,647) (3,880,647)
(Number of stock options
exercised)
——
25. Stock Option Plans
Due to expiration of stock option plans in June 30 2009, no note is
provided for March 31, 2011.
Information regarding subscription, size and fluctuation of stock
options as of March 31, 2010 is as follows:
(a) Subscription of stock options
March 31, 2010
Date of approval by
shareholders’ meeting:
June 25, 2002
Grantees: 5 directors, 25 executive officers
and 80 employees
Date of granted: June 2, 2003
Class and number of shares
granted:
Common stock 1,994,000
Condition of settlement of
rights:
Limited to directors, executive
officers, employees of the company
or its subsidiaries at exercise date
(except for those who no longer
hold the above positions due to
termination of terms, retirement,
or other valid reasons)
Required service period: No provisions
Exercise period: From July 1, 2004 to June 30, 2009
(b) Size and fluctuation of stock options
Outstanding stock options during the year ended March 31, 2010
converted to numbers of shares are as follows:
March 31, 2010
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: 966,000
Vested during the year: —
Exercised during the year: 58,000
Forfeited during the year: 908,000
Outstanding at the end of the year: —
Exercise price: ¥173
Weighted average market price at exercise date: ¥178
Fair evaluation price on grant date: —
26. Business Combinations
No significant matters to disclose.
27. Subsequent Event
No significant matters to disclose.
MITSUBISHI MOTORS CORPORATION
Annual Report 2011
62