Nissan Motor Co., Ltd

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Nissan Motor Co., Ltd Financial Information as of March 31, 2012 (The English translation of the “Yukashoken-Houkokusho” for the year ended March 31, 2012) 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. Overview of business results.......................................................................................................................14 2. Production, orders received and sales .........................................................................................................16 3. Issues to be tackled .....................................................................................................................................17 4. Business and other risks..............................................................................................................................18 5. Important business contracts.......................................................................................................................21 6. Research and development activities ..........................................................................................................22 7. Analysis of financial position, operating results and cash flows.................................................................24 3. Equipment and Facilities..........................................................................................................................27 1. Overview of capital expenditures................................................................................................................27 2. Major equipment and facilities....................................................................................................................27 3. Plans for new additions or disposals ...........................................................................................................29 4. Corporate Information .............................................................................................................................30 1. Information on the Company’s shares ........................................................................................................30 2. Acquisition of treasury stock ......................................................................................................................46 3. Dividend policy...........................................................................................................................................47 4. Changes in the market price of the Company’s shares ...............................................................................47 5. Members of the Board of Directors and Statutory Auditors .......................................................................48 6. Corporate governance .................................................................................................................................51 5. Financial Information ...............................................................................................................................59 1. Consolidated Financial Statements .............................................................................................................60 (1) Consolidated financial statements...............................................................................................................60 (2) Other .........................................................................................................................................................117 2. Non-Consolidated Financial Statements ...................................................................................................118 (1) Non-consolidated financial statements......................................................................................................118 (2) Details of major assets and liabilities........................................................................................................139 (3) Other .........................................................................................................................................................140 6. Information on Transfer and Repurchase of the Company’s Stock ....................................141 7. Reference Information on the Company .........................................................................................142 Part II Information on Guarantors for the Company ....................................................................143 Independent Auditor’s Report .....................................................................................................................144 Internal Control Report..................................................................................................................................147 Confirmation Note.............................................................................................................................................149 【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 28, 2012 【Business Year】 113th Fiscal Term (from April 1, 2011, to March 31, 2012) 【Company Name】 Nissan Jidosha Kabushiki-Kaisha 【Company Name (in English)】 Nissan Motor Co., Ltd. 【Position and Name of Representative】 Carlos Ghosn, President 【Location of Head Office】 2, Takaracho, Kanagawa-ku, Yokohama-shi, Kanagawa 【Phone No.】 (045) 461- 7410 【Contact for Communications】 Makoto Tagami, 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】 Makoto Tagami, 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 109th 110th 111th 112th 113th Year ended March 31, 2008 March 31, 2009 March 31, 2010 March 31, 2011 March 31, 2012 Millions Net sales 10,824,238 8,436,974 7,517,277 8,773,093 9,409,026 of yen Millions Ordinary income (loss) 766,400 (172,740) 207,747 537,814 535,090 of yen Millions Net income (loss) 482,261 (233,709) 42,390 319,221 341,433 of yen Millions Comprehensive income ― ― ― 189,198 290,600 of yen Millions Net assets 3,849,443 2,926,053 3,015,105 3,273,783 3,449,997 of yen Millions Total assets 11,939,482 10,239,540 10,214,820 10,736,693 11,072,053 of yen Net assets per share Yen 860.17 644.60 663.90 703.16 750.77 Basic net income (loss) per Yen 117.76 (57.38) 10.40 76.44 81.67 share Diluted net income per share Yen 117.56 ― ― ― ― Net assets as a percentage of % 29.4 25.6 26.5 27.4 28.4 total assets Return on equity % 13.68 (7.62) 1.59 11.30 11.22 Price earnings ratio Times 7.00 ― 77.02 9.65 10.79 Cash flows from operating Millions 1,342,284 890,726 1,177,226 667,502 696,297 activities of yen Cash flows from investing Millions (867,623) (573,584) (496,532) (331,118) (685,053) activities of yen Cash flows from financing Millions (307,002) (135,013) (663,989) 110,575 (308,457) activities of yen Cash and cash equivalents at Millions 584,102 746,912 761,495 1,153,453 840,871 end of year of yen Employees 159,227 155,659 151,698 155,099 157,365 (21,308) (20,107) (17,600) (27,816) (34,775) ( ) represents the number of part-time Number employees not included in the above 163,099 160,422 157,624 159,398 161,513 numbers (21,686) (20,649) (17,908) (28,089) (35,099) Notes: 1. Net sales are presented exclusive of consumption tax. 2. Diluted net income per share for the 110th fiscal year is not presented because a net loss per share was recorded although dilutive securities existed. Diluted net income per share for the 111th fiscal year, 112th fiscal year and 113th fiscal year is not presented because the Company had no securities with dilutive effects. 3. Price earnings
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