SMFG Notes to Consolidated Financial Statements laws on money lending business; etc. — and the industry is  at a major turning point. In the shopping credit business,  the Installment Sales Act is being revised amid the trend to  strengthen consumer protection. Under these circumstances,  the companies need to restructure their operations in order to  establish new business models. On April 1, 2009, CF, OMC Card and QUOQ merged to  create one of the largest consumer finance companies in Japan  with a high level of specialization and flexibility in its core  businesses of credit cards and shopping credit by combining  the customer bases, marketing capabilities, know-how and  other resources of the 3 companies. 2. Outline of accounting method  SMFG applies the accounting procedures stipulated by Articles 39,  42 and 48 of the “Accounting Standard for Business Divestitures”  (ASBJ Statement No. 7). 3. Name of the business segment, in which the subsidiary was  included, in the segment information  Other business 4. Approximate amounts of the subsidiary’s earnings included in  the consolidated statement of operations for the fiscal year ended  March 31, 2010  SMFG did not record profit or loss of QUOQ and its subsidiaries  because they were excluded from the scope of consolidation at the  beginning of the fiscal year. 5. Status after the business combination  QUOQ and its subsidiaries are excluded from the scope of consoli- dation, and Cedyna Financial Corporation has become an affiliated  company accounted for by the equity method. (3) Date of business combination April 1, 2009 (4) Legal form of the business combination The merger was a merger by absorption with OMC Card as  the surviving company. (Name of the new company: Cedyna  Financial Corporation) 36. Per Share Data Yen U.S. dollars March 31 2011 2010 2011 Net assets per share ............................................................................................. ¥3,533.47 ¥3,391.75 $42.50 Yen U.S. dollars Year ended March 31 2011 2010 2011 Net income per share ........................................................................................... ¥336.85 ¥248.40 $4.05 Net income per share (diluted) ............................................................................ 336.78 244.18 4.05 Notes: 1. Net income per share and Net income per share (diluted) are calculated based on the following. Millions of yen, except number of shares Millions of U.S. dollars Year ended March 31 2011 2010 2011 Net income per share: Net income .......................................................................................................................... ¥475,895 ¥271,559 $5,723 Amount not attributable to common stockholders ............................................................... 6,195 8,449 74 Dividends on preferred stock........................................................................................... 6,195 8,449 74 Net income attributable to common stock ........................................................................... ¥469,700 ¥263,109 $5,649 Average number of common stock during the year (in thousands) ........................................ 1,394,390 1,059,227 / Net income per share (diluted): Adjustment for net income .................................................................................................. ¥ (73) ¥ 1,931 $ (1) Dividends on preferred stock........................................................................................... — 2,254 — Adjustment for dilutive shares issued by subsidiaries and affiliates .................................. (73) (322) (1) Increase in number of common stock (in thousands) ............................................................ 68 26,191 / Preferred stock ................................................................................................................ — 26,191 / Stock acquisition rights .................................................................................................. 68 — / Outline of dilutive shares which were not included in the calculation of “Net income per share (diluted)” for the fiscal years ended March 31, 2011 and 2010 because they do  not have dilutive effect: Stock acquisition rights: 1 type (Number of stock acquisition rights issued by resolution at the general shareholders’ meeting on June 27, 2002: 1,081 units) 2. Net assets per share is calculated based on the following: Millions of yen, except number of shares Millions of U.S. dollars March 31 2011 2010 2011 Net assets ................................................................................................................................. ¥7,132,073 ¥7,000,805 $85,774 Amounts excluded from Net assets ........................................................................................... 2,250,681 2,262,582 27,068 Preferred stock ..................................................................................................................... 210,003 210,003 2,526 Dividends on preferred stock ............................................................................................... 3,097 3,097 37 Stock acquisition rights ....................................................................................................... 262 81 3 Minority interests ................................................................................................................ 2,037,318 2,049,400 24,502 Net assets attributable to common stock at the fiscal year-end .................................................. ¥4,881,392 ¥4,738,223 $58,706 Number of common stock at the fiscal year-end used for the calculation of Net assets per share (in thousands) .......................................................................................... 1,381,473 1,396,985 / SMFG  2011 133