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Financial Information 1.1MB Financial Information as of March 31, 2019 (The English translation of the “Yukashoken-Houkokusho” for the year ended March 31, 2019) Nissan Motor Co., Ltd. Table of Contents Page Cover .......................................................................................................................................................................... 1 Part I Information on the Company .......................................................................................................... 2 1. Overview of the Company ......................................................................................................................... 2 1. Key financial data and trends ........................................................................................................................ 2 2. History .......................................................................................................................................................... 4 3. Description of business ................................................................................................................................. 6 4. Information on subsidiaries and affiliates ..................................................................................................... 7 5. Employees................................................................................................................................................... 13 2. Business Overview ...................................................................................................................................... 14 1. Management policy, management environment, and issues to be tackled, etc. .......................................... 14 2. Business and other risks .............................................................................................................................. 16 3. Analysis of financial position, operating results and cash flows by management ...................................... 22 4. Important business contracts ....................................................................................................................... 27 5. Research and development activities .......................................................................................................... 28 3. Equipment and Facilities ......................................................................................................................... 30 1. Overview of capital expenditures ............................................................................................................... 30 2. Major equipment and facilities ................................................................................................................... 30 3. Plans for new additions or disposals ........................................................................................................... 31 4. Corporate Information ............................................................................................................................. 32 1. Information on the Company’s shares ........................................................................................................ 32 2. Acquisition of treasury stock ...................................................................................................................... 35 3. Dividend policy .......................................................................................................................................... 36 4. Corporate governance ................................................................................................................................. 37 5. Financial Information ............................................................................................................................... 56 1. Consolidated Financial Statements ............................................................................................................. 57 2. Non-Consolidated Financial Statements ................................................................................................... 114 6. Information on Transfer and Repurchase of the Company’s Stock .................................... 128 7. Reference Information on the Company ......................................................................................... 129 1. Information on the parent company or equivalent of the Company .......................................................... 129 2. Other reference information ...................................................................................................................... 129 Part II Information on Guarantors for the Company .................................................................... 131 Independent Auditor’s Report .....................................................................................................................132 Internal Control Report Confirmation Note 【Cover】 【Document Submitted】 Securities Report (“Yukashoken-Houkokusho”) 【Article of the Applicable Law Requiring Article 24, Paragraph 1 of the Financial Instruments and Submission of This Document】 Exchange Law 【Filed to】 Director, Kanto Local Finance Bureau 【Date of Submission】 June 27, 2019 【Business Year】 120th Fiscal Year (From April 1, 2018 To March 31, 2019) 【Company Name】 Nissan Jidosha Kabushiki-Kaisha 【Company Name (in English)】 Nissan Motor Co., Ltd. 【Position and Name of Representative】 Hiroto Saikawa, Representative Executive Officer, President and Chief Executive Officer 【Location of Head Office】 2, Takaracho, Kanagawa-ku, Yokohama-shi, Kanagawa 【Phone No.】 (045) 523-5523 (switchboard) 【Contact for Communications】 Chie Saito, Senior Manager, Consolidation Accounting Group, Budget and Accounting Department 【Nearest Contact】 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa 【Phone No.】 (045) 523-5523 (switchboard) 【Contact for Communications】 Chie Saito, Senior Manager, Consolidation Accounting Group, Budget and Accounting Department 【Place Where Available for Public Tokyo Stock Exchange, Inc. Inspection】 2-1, Nihonbashi Kabutocho, Chuo-ku, Tokyo - 1 - Part I Information on the Company 1. Overview of the Company 1. Key financial data and trends (1) Consolidated financial data Fiscal year 116th 117th 118th 119th 120th Year ended March 31, 2015 March 31, 2016 March 31, 2017 March 31, 2018 March 31, 2019 Millions Net sales 11,375,207 12,189,519 11,720,041 11,951,169 11,574,247 of yen Millions Ordinary income 694,232 862,272 864,733 750,302 546,498 of yen Net income attributable to Millions 457,574 523,841 663,499 746,892 319,138 owners of parent of yen Millions Comprehensive income 719,903 75,107 615,950 740,338 195,999 of yen Millions Net assets 5,247,262 5,140,745 5,167,136 5,701,710 5,623,510 of yen Millions Total assets 17,045,659 17,373,643 18,421,008 18,739,935 18,952,345 of yen Net assets per share Yen 1,152.83 1,132.61 1,242.90 1,380.36 1,355.18 Basic earnings per share Yen 109.15 125.00 165.94 190.96 81.59 Diluted earnings per share Yen 109.14 124.99 165.94 190.96 81.59 Net assets as a percentage of % 28.4 27.2 26.4 28.8 28.0 total assets Rate of return on equity % 10.0 11.0 13.8 14.6 6.0 Price earnings ratio Times 11.21 8.33 6.47 5.78 11.13 Cash flows from operating Millions 692,747 927,013 1,335,473 1,071,250 1,450,888 activities of yen Cash flows from investing Millions (1,022,025) (1,229,280) (1,377,626) (1,147,719) ሺ1,133,547) activities of yen Cash flows from financing Millions 245,896 530,606 320,610 36,810 ሺ127,140) activities of yen Cash and cash equivalents Millions 802,612 992,095 1,241,124 1,206,000 1,359,058 at end of the period of yen Employees 149,388 152,421 137,250 138,910 138,893 (20,381) (19,007) (19,366) (19,924) (19,240) ( ) represents the average number of Number part-time employees not included in 151,710 154,700 138,917 140,603 140,564 the above numbers (20,748) (19,343) (19,716) (20,290) (19,619) Notes: 1. Net sales are presented exclusive of consumption tax. 2. Staff numbers, which are presented as the lower numbers in the “Employees” line, include those of unconsolidated subsidiaries accounted for by the equity method as reference data. 3. “Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.” (Accounting Standards Board of Japan (ASBJ) Statement No. 28, February 16, 2018) and other standards have been applied from the beginning of the fiscal year ended March 31, 2019. Key financial data, etc. concerning the previous fiscal year is presented as figures after the retrospective adoption of these accounting standards, etc. - 2 - (2) Non-consolidated financial data Fiscal year 116th 117th 118th 119th 120th Year ended March 31, 2015 March 31, 2016 March 31, 2017 March 31, 2018 March 31, 2019 Millions Net sales 3,516,415 3,493,419 3,729,335 3,750,617 3,644,483 of yen Millions Ordinary income 540,154 388,799 551,995 197,958 271,869 of yen Millions Net income 491,570 251,009 585,951 129,044 168,552 of yen Millions Common stock 605,813 605,813 605,813 605,813 605,813 of yen Number of shares issued Thousands 4,520,715 4,494,715 4,220,715 4,220,715 4,220,715 Millions Net assets 2,472,951 2,490,984 2,600,382 2,596,797 2,505,945 of yen Millions Total assets 4,993,336 4,961,612 5,138,385 5,073,894 5,124,037 of yen Net assets per share Yen 550.20 557.81 620.39 619.40 597.75 Cash dividends per share Yen 33 42 48 53 57 (Interim cash dividends (Yen) (16.5) (21) (24) (26.5) (28.5) included herein) Basic earnings per share Yen 109.48 55.92 136.80 30.79 40.21 Diluted earnings
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