Mitsubishi 2013 Annual Report Download - page 60

MITSUBISHI MOTORS CORPORATION
Annual Report 2013
58
shares”) because the total number of outstanding shares
of MMC’s common stock relative to market capitalization
is excessive in comparison with other corporations listed
on Tokyo Stock Exchange, Inc. (First Section). Japanese
Stock Exchanges are aiming, under an agenda entitled
“Action Plan for Consolidating Trading Units,” to unify
the stock trade units of listed companies to 100 shares.
In accordance with the consolidation of shares, MMC
will change its unit of common stock from 1,000 shares
to 100 shares to maintain an appropriate investment
unit (price per trade unit). The change in trade unit
and the consolidation of shares are consistent with the
above agenda of Japanese Stock Exchanges. Accordingly,
MMC decided to carry out the consolidation of shares as
described in “ii. Details of consolidation” below.
ii. Details of consolidation
Class of stock to be consolidated: Common stock
Consolidation ratio: Ten shares of common stock will be
consolidated into one share
Decrease in number of shares due to consolidation
Total number of outstanding common
stocks before the consolidation of
shares (as of March 31, 2013) 6,080,900,530 shares
Decrease in number of common
stocks due to the consolidation of
shares (*1) 5,472,810,477 shares
Total number of outstanding com-
mon stocks after the consolidation
of shares (*1) 608,090,053 shares
Total number of authorized shares
and authorized classified shares of
common stock after the consolidation
of shares (*2) 1,250,000,000 shares
(*1) “Decrease in number of common stocks due to the consolida-
tion of shares” and “Total number of outstanding common
stocks after the consolidation of shares” above are theoretical
numbers calculated by multiplying “Total number of outstand-
ing common stocks before the consolidation of shares” by the
consolidation ratio.
(*2) The reduction in the total number of authorized shares and
authorized classified shares of common stock are conditional on
the consolidation of shares taking effect.
Handling of fractional shares
If a fraction of shares less than one share is created due to
the consolidation of shares, such fractional shares will be
amalgamated and sold in accordance with Article 235 of
the Company Act. The resultant sales proceeds will be dis-
tributed to those shareholders who had held the fractional
shares in proportion to the number of fractional shares they
had held.
(2) Change in unit of shares
i. Purpose of the change
As described in “(1) Consolidation of shares (i) Purpose of
consolidation” above.
ii. Details of consolidation
At the same time as the consolidation of shares becomes
effective, MMC will change the unit of shares of MMC’s
common stock from 1,000 shares to 100 shares.
(3) Schedule for consolidation of shares and change in unit of
shares
Board of Directors meeting: May 24, 2013
General meeting of shareholders and each class sharehold-
ers meeting of class shareholders:
June 25, 2013
Public announcement for consolidation of shares (planned):
July 16, 2013
Effective date of consolidation of shares (planned):
August 1, 2013
Effective date of change in unit of shares (planned):
August 1, 2013
(4) Impact on net income and equity per share
Net income and equity per share for the years ended March
31, 2013 and 2012 assuming that consolidation of shares
had been carried out on the beginning of the year ended
March 31, 2012 are follows:
(In yen)
(In U.S.
dollars)
March 31,
2013 2012 2013
Net income (loss) per share
of common stock
Basic ¥ 66.05 ¥ 43.21 $ 0.70
Diluted 37.09 24.03 0.39
Stockholders’ equity per
share of common stock (92.12) (326.12) (0.98)