Toyota 2005 Annual Report Download - page 123

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS >121
Reconciliations of the differences between basic and diluted net income per share for the years ended March 31, 2003, 2004 and 2005 are
as follows:
Yen in Thousands of
millions shares Yen U.S. dollars
Weighted-average Net income Net income
Net income shares per share per share
For the year ended March 31, 2003
Basic net income per common share............................................... ¥ 750,942 3,553,602 ¥211.32
Effect of diluted securities
Assumed exercise of dilutive stock options............................ 22
Diluted net income per common share........................................... ¥ 750,942 3,553,624 ¥211.32
For the year ended March 31, 2004
Basic net income per common share............................................... ¥1,162,098 3,389,074 ¥342.90
Effect of diluted securities
Assumed exercise of dilutive stock options............................ 303
Diluted net income per common share........................................... ¥1,162,098 3,389,377 ¥342.86
For the year ended March 31, 2005
Basic net income per common share............................................... ¥1,171,260 3,296,092 ¥355.35 $3.31
Effect of dilutive securities
Assumed exercise of dilutive stock options............................ (1) 662
Diluted net income per common share........................................... ¥1,171,259 3,296,754 ¥355.28 $3.31
25. PER SHARE AMOUNTS
Certain stock options were not included in the com-
putation of diluted net income per share for the years
ended March 31, 2003, 2004 and 2005 because the options’
exercise prices were greater than the average market price
per common share during the period.
The following table shows Toyota’s net assets per share
as of March 31, 2004 and 2005. Net assets per share
amounts are calculated as dividing net assets’ amount at
the end of each period by the number of shares issued and
outstanding at the end of corresponding period. In addi-
tion to the disclosure requirements under FAS No. 128,
Earnings per Share, Toyota discloses this information in
order to provide financial statement users with valuable
information.
Yen in Thousands of
millions shares Yen U.S. dollars
Shares issued and
outstanding at Net assets Net assets
Net assets the end of the year per share per share
March 31, 2004
Net assets ...................................................................................... ¥8,178,567 3,329,921 ¥2,456.08
March 31, 2005
Net assets ...................................................................................... 9,044,950 3,268,078 2,767.67 $25.77