LINTEC Integrated Report 2021
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—2,509—1,481—1,947—2,788————2,300——2,700——3,100——2,900——2,200——1,400——800——700———————————―— Stock options outstanding at March 31, 2021(Vested stock options) 15. Income Taxes1. The Company and its consolidated subsidiaries are subject to a number of taxes based on income which, in the aggregate, resulted in a statutory tax rate of approximately 30.62% for the years ended March 31, 2021 and 2020, respectively. Income taxes of the foreign consolidated subsidiaries are based generally on the tax rates applicable in their countries of incorporation. The effective tax rates reflected in the consolidated statement of income for the years ended March 31, 2021 and 2020 differ from the statutory tax rate for the following reasons:Stock options outstanding at April 1, 2020 Conversion from non-vested stock optionsStock options exercisedForfeituresThe following table summarizes the price information of stock options as of March 31, 2021:Exercise priceAverage market price of the stock at the time of exerciseFair value at the date of grantThere were no stock options granted during the year ended March 31, 2021.Statutory tax rateEffect of: Municipal tax Effective tax ratePermanently non-deductible expenses for income tax purposes such as entertainment expensesPermanently non-taxable income for income tax purposes such as dividend incomeThe difference of tax rates applied to foreign subsidiariesTax deduction in accordance with special tax measures Increase (Decrease) of valuation allowance for such as net operating loss carryforwardConsolidated adjustments of dividend income from consolidated subsidiariesThe impairment loss on goodwillForeign withholding taxOther, netThe 2006 planThe 2006 plan¥    11,4001,1001,5001,4001,1001,5002,1001,726The 2007 planThe 2008 planThe 2009 planThe 2007 plan¥    1The 2008 plan¥    1The 2009 plan¥    12,1002,5002,4004,2001,8001,6002,800—2,5611,4742,5611,3032,5611,203The 2010 planThe 2011 planThe 2012 planThe 2010 plan¥    1The 2011 plan¥    1The 2012 plan¥    1The 2013 planThe 2014 planThe 2015 planThe 2013 plan¥    1The 2014 plan¥    1The 2015 plan¥    18,0009,10010,5005,8006,2007,4002,5611,5952,4751,8252,4752,2838,90012,5003,9006,20010,2003,9002,4751,4452,5612,261202130.62%202030.62%0.81(17.11)0.35(5.94)(2.04)2.6020.910.152.54(1.29)31.60%1.28(9.90)0.41(3.90)(3.24)2.1211.000.822.76(0.65)31.32%(Unit: shares)The 2016 planThe 2017 planThe 2018 planThe 2016 plan¥    1The 2017 plan¥    1The 2018 plan¥    195

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