FINANCIAL SECTION 94 isnTcnclCne Frigo il, eerhaddvlpet etn 1 100.00 $16 Researchanddevelopment,testing 100.00 FarmingtonHills, $499 Financingofwholesaleandretailautomobilesales TechnicalCenter 100.00 TorranceCalifornia ¥1,000 Nissan MotorAcceptanceCorporation Realestatesales,purchasingandleasing Tokyo Nissan RealEstateDevelopment isnCnd,Ic issag,OtroSlso uooie n at A$8100.00 CAN$68 100.00 P17,056 100.00 $10 Manufactureandsalesofautomobilesparts 100.00 Salesofautomobilesandparts $34 MexicoD.F. Mississauga,Ontario Nissan Mexicana,S.A.deC.V. andsalesofforkliftsparts Manufacture 100.00 Mexico 100.00 100.00 ¥100 Casualtyinsurance 100.00 Nissan Canada,Inc. $1,791 80.61 100.00 ¥100 Marengo, Illinois Canada ¥2,491 ¥100 ¥545 Honolulu,Hawaii Nissan ForkliftCo.,NorthAmerica ManagementofNorthAmericansubsidiaries, Nissan MotorInsuranceCorporation Gardena,California Salesofautomobilesandparts 100.00 Financeandaccountingsupport Salesofautomobilesandparts 60.00 ¥480 Salesofautomobilesrepairparts Salesofautomobilesandparts 100.00 Nissan NorthAmerica,Inc. ¥640 Yokohama,Kanagawa US (millions) ¥16,387 81.76 41.80 100.00 Tokyo Nissan ChuoPartsSalesCo.,Ltd. Nagoya,Aichi ¥29,935 ¥320 Tokyo ¥41,165 Development,manufactureandsalesof Tokyo Nissan PrinceTokyoMotorSales 97.73 Tokyo NissanMotorSalesCo.,Ltd. Chigasaki,Kanagawa Automobilefinancingandleasing Aichi NissanMotorCo.,Ltd. ¥2,020 Manufactureandsalesofautomotiveparts Manufactureandsalesofautomotiveparts Internationalautomobiletransport 41.69 Importandexportofautomobiles,parts,etc. Nissan FinanceCo.,Ltd. ¥8,518 Yokohama,Kanagawa 43.31 Principalbusiness Manufactureandsalesofautomotiveparts Chiba,Chiba Fuji,Shizuoka ¥7,904 Japan,Inc. Samukawa,Kanagawa Nissan FinancialServicesCo.,Ltd. Tokyo Tokyo Manufactureandsalesofautomotiveparts Nissan TradingCo.,Ltd. andsalesofautomobilesparts Manufacture Nissan MotorCarCarrierCo.,Ltd. Location Hiratsuka,Kanagawa Calsonic KanseiCorporation Nagoya,Aichi Nissan KohkiCo.,Ltd. Ltd. Aichi MachineIndustryCo.,Ltd. Nissan ShataiCo.,Ltd. Japan Subsidiary Consolidated subsidiaries INFORMATION ONSUBSIDIARIESANDAFFILIATES Nissan Annual Report2005 ot mrc,Ic Michigan North America,Inc. Co., Ltd. Corporation limited-edition automobiles in US manufacture andsalesofautomobilesparts aia share- Capital As ofMar.31,2006 The company’s holdings*(%) Europe

Nissan Europe S.A.S. Trappes, France Management of European manufacturing and sales €1,626 100.00 Nissan International Finance Amsterdam, Financing for group companies €13 100.00 (Netherlands) B.V. The Netherlands Nissan France S.A. Trappes, France Sales of automobiles and parts €4 94.77 Nissan Motor (GB) Ltd. Rickmansworth, UK Sales of automobiles and parts £136 100.00 Nissan Holding (UK) Ltd. Sunderland, UK Holding company for English subsidiaries £870 100.00 Nissan Italia S.p.A. Rome, Italy Sales of automobiles and parts €5 100.00 Nissan Motor Manufacturing Sunderland, UK Manufacture and sales of automobiles and parts £250 100.00 (UK) Ltd. Nissan Technical Center Cranfield, UK Research and development, testing £15 100.00 Europe Ltd. Nissan Forklift Europe B.V. Amsterdam, Sales of forklifts and parts €6 100.00 The Netherlands Nissan Motor Iberica, S.A. Barcelona, Spain Manufacture and sales of automobiles and parts €725 99.76 Nissan Motor Espana, S.A. Barcelona, Spain Sales of automobiles and parts €12 100.00 Nissan Forklift Espana, S.A. Noain, Spain Manufacture and sales of forklifts and parts €9 100.00

Australia

Nissan Motor Co. (Australia) Pty. Ltd. Dandenong, Victoria Sales of automobiles and parts A$290 100.00

New Zealand

Nissan New Zealand Ltd. Auckland Management of New Zealand subsidiaries; NZ$51 100.00 automobile sales

South Africa

Nissan Motor Company Rosslyn Management of South African subsidiaries; R39 100.00 South Africa (Pty) Ltd. automobile manufacturing and sales

Middle East

Nissan Middle East F.Z.E. Dubai, UAE Automobile sales Dh2 100.00

China

Nissan Motor (China) Ltd. Hong Kong Automobile sales HK$16 100.00 FINANCIAL SECTION Dongfeng Motor Co., Ltd. Hubei Manufacture and sales of automobiles and parts RMB16,700 50.00 Nissan China Investment Co., Ltd. Beijing Management of Chinese subsidiaries; RMB8,401 100.00 automobile sales

Taiwan

Yulon Nissan Motor Co., Ltd. Miao Li Hsien Manufacture and sales of automobiles and parts TWD3,000 40.00

Thailand

Siam Nissan Automobile Co., Ltd. Samuthprakarn Manufacture and sales of automobiles and parts THB1,930 75.00

Other consolidated subsidiaries: 144 companies Total consolidated subsidiaries: 187 companies

Nissan Annual Report 2005 95 FINANCIAL SECTION 96 fiit oainPicplbsns (millions) 15.52 €1,086 Manufactureandsalesofautomobilesparts Billancourt 20.43 Principalbusiness ¥5,654 companies 18 companies * PercentageofvotingrightsheldbyNissanMotorCo.,Ltd. 16 Total affiliatesaccountedforbytheequitymethod: Location Manufactureandsalesofautomotiveparts Other affiliatesaccountedforbytheequitymethod: France Chiba Chiba, Kinugawa RubberIndustrialCo.,Ltd. Japan Affiliate Affiliates accountedforbytheequitymethod Nissan Annual Report2005 aia share- Capital As ofMar.31,2006 The company’s holdings*(%)