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Deferred compensation plans (Tables)
12 Months Ended
Mar. 31, 2013
SAR Plan A, Weighted-average assumptions

The weighted-average assumptions used in each of the years were as follows:

 

     Year ended March 31  
     2011     2012     2013  

Expected volatility

     40.51     41.78     43.11

Expected dividends yield

     1.73     3.31     2.12

Expected lives (in years)

     6        6        7   

Risk-free interest rate

     0.76     0.63     0.45

Activity relating to SAR Plan A

The following table presents activity relating to SAR Plan A awards for the year ended March 31, 2013:

 

     Outstanding
(number of shares)
    Weighted-average
exercise price
     Weighted-average
remaining life
until expiry
(years)
 

Outstanding as of March 31, 2012

     15,354,300      ¥ 988         3.9   

Granted

     2,857,000        298      

Exercised

     (18,000     478      

Forfeited

     (171,000     896      

Expired

     (1,476,800     1,120      
  

 

 

   

 

 

    

Outstanding as of March 31, 2013

     16,545,500      ¥ 848         3.8   
  

 

 

   

 

 

    

Exercisable as of March 31, 2013

     10,880,700      ¥ 1,134         2.7   
  

 

 

   

 

 

    

 

Activity relating to SAR Plan B

 

The following table presents activity relating to SAR Plan B awards for the year ended March 31, 2013:

 

     Outstanding
(number of shares)
    Weighted-Average
grant date fair
value per share
     Weighted-average
remaining life
until expiry
(years)
 

Outstanding as of March 31, 2012

     114,375,600      ¥ 544         5.6   

Granted

     55,589,300        298      

Exercised

     (47,317,900     584      

Forfeited

     (5,103,600     378      
  

 

 

   

 

 

    

Outstanding as of March 31, 2013

     117,543,400      ¥ 419         5.7   
  

 

 

   

 

 

    

Exercisable as of March 31, 2013

     15,856,000      ¥ 714         4.1   
  

 

 

   

 

 

    

Activity related to NSUs and CSUs

 

The following table presents activity related to NSUs and CSUs for the year ended March 31, 2013:

 

     NSUs     CSUs  
     Outstanding
(number of units)
    Stock
price
    Outstanding
(number of units)
    Stock
price
 

Outstanding as of March 31, 2012

     68,410,978      ¥ 373        33,096,488      ¥ 373   

Granted

     38,795,388        308 (1)      75,425,312        260 (1) 

Vested

     (39,569,233     355 (2)      (32,433,846     338 (2) 

Forfeited

     (5,105,557       (5,351,130  
  

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding as of March 31, 2013

     62,531,576      ¥ 583 (3)      70,736,824      ¥ 316 (3) 
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Weighted-average price of the Company’s common stock used to determine number of awards granted
(2) Weighted-average price of the Company’s common stock used to determine the final cash settlement amount of the awards
(3) The price of the Company’s common stock used to remeasure the fair value of the remaining outstanding unvested awards as of March 31, 2013

Activity related to MYPD awards

The following table presents activity relating to MYPD awards for the year ended March 31, 2013:

 

     Outstanding
(number of shares)(2)
    Stock
price
 

Granted

     28,697,850      ¥ 298 (1) 

Forfeited

     (1,542,900     298   
  

 

 

   

 

 

 

Outstanding as of March 31, 2013

     27,154,950      ¥ 298   
  

 

 

   

 

 

 

 

(1) Weighted-average price of the Company’s common stock used to determine number of awards granted during the year.
(2) Based on the probable number of SARs which will be issued on conversion of notional performance units at the end of the performance period.

 

Activity relating to NIUs

The following table presents activity relating to NIUs for the year ended March 31, 2013:

 

     Outstanding
(number of units)
    Index  price(1)  

Outstanding as of March 31, 2012

     36,871,138        $3,320   

Granted

     46,783,794        2,982 (2) 

Vested

     (29,201,184     3,398 (3) 

Forfeited

     (4,692,807  
  

 

 

   

 

 

 

Outstanding as of March 31, 2013

     49,760,941        $3,674 (4) 
  

 

 

   

 

 

 

 

(1) The price of each unit is determined using 1/1000th of the index price.
(2) Weighted-average index price used to determine number of awards granted.
(3) Weighted-average index price used to determine the final cash settlement amount of the awards.
(4) Index price used to remeasure the total fair value of the remaining outstanding unvested awards as of March 31, 2013.