Oki 2007 Annual Report Download - page 45

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17.
CONTINGENT LIABILITIES
At March 31, 2007, the Company and its consolidated subsidiaries had the following contingent liabilities:
Thousands of
Millions of yen U.S. dollars
As endorsers of trade notes discounted and endorsed ¥ 2 $ 16
As guarantors of indebtedness of:
Unconsolidated subsidiaries and affiliates 976 8,271
Other 2,270 19,237
¥3,248 $27,525
18.
AMOUNTS PER SHARE
In accordance with the accounting standard for earnings per share, basic net (loss) income per share is computed based on the net (loss) income
available for distribution to shareholders of common stock and the weighted-average number of shares of common stock outstanding during each
year. Diluted net income per share is computed based on the net income available for distribution to the shareholders and the weighted-average
number of shares of common stock outstanding during each year assuming full conversion of the convertible bonds. Diluted net income per share
for the year ended March 31, 2007 has not been presented because a net loss was recorded. Net assets per share are based on the number of
shares of common stock outstanding at the year end.
Yen U.S. dollars
2007 2006 2005 2007
Net (loss) income:
Basic ¥(56.27) ¥8.27 ¥18.27 $(0.47)
Diluted — 7.77 17.87 —
Yen U.S. dollars
2007 2006 2007
Net assets ¥160.13 ¥218.96 $1.35
19.
STOCK OPTION PLANS
At March 31, 2007, the following stock option plans of the Company had been approved by the shareholders:
Date of approval by shareholders
June 27, 2002 June 27, 2003 June 29, 2004 June 29, 2005 June 29, 2006
8 directors, 9 directors, 9 directors, 10 directors,
Grantees
9 directors and 15 executive officers 12 executive officers, 12 executive officers, 11 executive officers,
14 executive officers and 12 management 9 management officials 8 management officials and 7 management officials and
officials and 4 directors of 3 directors of subsidiaries 1 director of a subsidiary
subsidiaries
Type of shares with Common stock Common stock Common stock Common stock Common stock
warrants granted
Number of shares 153,000 shares 815,000 shares 452,000 shares 442,000 shares 342,000 shares
with warrants granted
Option price per warrant ¥271 ¥384 ¥458 ¥406 ¥277
Exercise period July 1, 2004− July 1, 2005− July 1, 2006− July 1, 2007− July 1, 2008−
June 30, 2007 June 26, 2013 June 28, 2014 June 28, 2015 June 28, 2016
On June 26, 2007, shareholders of the Company approved a stock option plan under which warrants to purchase shares of the Company’s
common stock were to be granted to the Company’s directors, executive officers and to certain management officials as well as to directors of
certain subsidiaries in accordance with the Corporation Law of Japan and Item 12 of the Company’s Articles of Incorporation. Under the plan,
shares of common stock of up to a maximum of 532,000 were granted.
44