Nissan Motor Co., Ltd

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Nissan Motor Co., Ltd Financial Information as of March 31, 2015 (The English translation of the “Yukashoken-Houkokusho” for the year ended March 31, 2015) 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 ....................................................................................................................... 22 6. Research and development activities .......................................................................................................... 23 7. Analysis of financial position, operating results and cash flows ................................................................. 25 3. Equipment and Facilities.......................................................................................................................... 28 1. Overview of capital expenditures ................................................................................................................ 28 2. Major equipment and facilities.................................................................................................................... 28 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 ...................................................................................................................... 42 3. Dividend policy ........................................................................................................................................... 43 4. Changes in the market price of the Company’s shares ............................................................................... 43 5. Members of the Board of Directors and Statutory Auditors ....................................................................... 44 6. Corporate governance ................................................................................................................................. 47 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 .................................................................... 130 Independent Auditor’s Report ..................................................................................................................... 131 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 25, 2015 【Business Year】 116th Fiscal Year (From April 1, 2014 To March 31, 2015) 【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】 Maki Kawai, 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】 Maki Kawai, 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 112th 113th 114th 115th 116th Year ended March 31, 2011 March 31, 2012 March 31, 2013 March 31, 2014 March 31, 2015 Millions Net sales 8,773,093 9,409,026 8,737,320 10,482,520 11,375,207 of yen Millions Ordinary income 537,814 535,090 504,421 527,189 694,232 of yen Millions Net income 319,221 341,433 341,117 389,034 457,574 of yen Millions Comprehensive income 189,198 290,600 721,860 796,533 719,903 of yen Millions Net assets 3,273,783 3,449,997 4,036,030 4,671,528 5,247,262 of yen Millions Total assets 10,736,693 11,072,053 12,442,337 14,703,403 17,045,659 of yen Net assets per share Yen 703.16 750.77 890.38 1,035.06 1,152.83 Basic net income per share Yen 76.44 81.67 81.39 92.82 109.15 Diluted net income per share Yen ― ― ― 92.82 109.14 Net assets as a percentage of % 27.4 28.4 30.0 29.5 28.4 total assets Return on equity % 11.3 11.2 9.9 9.6 10.0 Price earnings ratio Times 9.65 10.79 11.08 9.91 11.21 Cash flows from operating Millions 667,502 696,297 412,257 728,123 692,747 activities of yen Cash flows from investing Millions (331,118) (685,053) (838,047) (1,080,416) (1,022,025) activities of yen Cash flows from financing Millions 110,575 (308,457) 433,817 396,925 245,896 activities of yen Cash and cash equivalents at Millions 1,153,453 840,871 711,901 832,716 802,612 end of fiscal year of yen Employees 155,099 157,365 130,274 142,925 149,388 (27,816) (34,775) (22,442) (21,750) (20,381) ( ) represents the average number of Number part-time employees not included in 159,398 161,513 136,625 147,939 151,710 the above numbers (28,089) (35,099) (23,307) (22,642) (20,748) Notes: 1. Net sales are presented exclusive of consumption tax. 2. Effective from the 115th fiscal year, International Financial Reporting Standards (IFRS) 11 Joint Arrangements, which was released on May 12, 2011, and International Accounting Standards (IAS) 19 Employee Benefits, which was released on June 16, 2011, have been applied in some foreign subsidiaries and affiliates, and key financial data and trends for the 114th fiscal year are adjusted. 3. Diluted net income per share for the 112th fiscal year, 113th fiscal year and 114th fiscal year is not presented because the Company had no securities with dilutive effects. 4. 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. - 2 - (2) Non-consolidated financial data Fiscal year 112th 113th 114th 115th 116th Year ended March 31, 2011 March 31, 2012 March 31, 2013 March 31, 2014 March 31, 2015 Millions Net sales 3,432,989 3,734,336 3,526,252 3,737,844 3,516,415 of yen Millions Ordinary income (loss) (6,919) (62,424) 111,526 457,281 540,154 of yen Millions
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