Mitsubishi 2012 Annual Report Download - page 58

March 31, 2011
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥203,598 million
Business: Wholesale trading
% of voting stock held: Direct 13.99 Indirect 0.00
Relationship with the Related
Party:
Sales of products; import of
materials for production;
mutual directorships
Detail of transaction: Sales of products
Transaction amount: ¥303,051 million
($3,644,632 thousand)
Account title: Accounts receivable
Balance at year end: ¥12,095 million
(b) Transactions with unconsolidated subsidiaries and affiliates of
the reporting company (MMC)
March 31, 2012
Party type: Affiliate
Party name: JATCO Ltd.
Address: Fuji, Shizuoka, Japan
Capital: ¥29,935 million
($364,220 thousand)
Business: Development, manufacture and
sale of transmissions and
automobile components
% of voting stock held: Direct 15.04
Relationship with the Related
Party:
Purchase of automobile
components;
mutual directorships
Detail of transaction: Purchase of automobile
components
Transaction amount: ¥73,553 million
($894,923 thousand)
Account title: Accounts payable
Balance at year end: ¥15,696 million
($190,980 thousand)
No significant items to be reported for the year ended March 31,
2011
(Note)
1. Consumption tax is excluded from transaction amount and included in the
balance at year end.
2. Contract terms and the policy to determine the contract terms: Sales
price of products is determined based on market price and overall cost.
Purchase price of automobile components is determined based on
estimated cost, current component price, and market prices of each
component.
23. Income and Equity per Share
Net income and equity per share of common stock for the years
ended March 31, 2012 and 2011 are summarized as follows:
(In yen)
(In U.S.
dollars)
March 31,
2012 2011 2012
Net income (loss) per share
of common stock
Basic ¥4.32 ¥2.82 $0.05
Diluted 2.40 1.66 0.03
Stockholders’ equity per
share of common stock (32.61) (35.90) (0.40)
The computations of net income per share of common stock for
the years ended March 31, 2012 and 2011 are as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2012 2011 2012
Numerator for basic net
income (loss) per share of
common stock:
Net income (loss)
¥23,928 ¥15,621 $291,137
Income not available to
common stockholders ———
Income available to
common stockholders ¥23,928 ¥15,621 $291,137
Denominator for net income
(loss) per share of common
stock:
Weighted average number
of shares (in thousands)
5,537,863 5,537,867
Number of dilutive
potential common
shares (in thousands) 4,421,266 3,880,647
(Preferred stock)
(4,421,266) (3,880,647)
24. Business Combinations
There were no significant business combinations during the years
ended March 31, 2012 and 2011.
25. Subsequent Event
MMC sold its shares in GAC Changfeng Motor Co., Ltd to
Guangzhou Automobile Group Co., Ltd. on May 25, 2012. MMC
expects to record ¥11,401 million ($138,725 thousand) as Gain on
sales of investment securities in Other gain (loss), net for the year
ending March 31, 2013.
MITSUBISHI MOTORS CORPORATION
Annual Report 2012
56