Financial Information As of March 31, 2009

Financial Information as of March 31, 2009

(The English translation of the “Yukashoken-Houkokusho” for the year ended March 31, 2009)

Nissan Motor Co., Ltd.

1 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 ...... 5 4. Information on subsidiaries and affiliates ...... 6 5. Employees...... 12

2. Business Overview ...... 13 1. Overview of business results...... 13 2. Production, orders received and sales ...... 15 3. Issues and outlook for the fiscal year ahead...... 16 4. Business and other risks...... 16 5. Important business contracts...... 20 6. Research and development activities ...... 21 7. Analysis of financial position and operating results ...... 24

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 ...... 48 3. Dividend policy...... 49 4. Changes in the market price of the Company’s shares ...... 49 5. Members of the Board of Directors and Statutory auditors ...... 50 6. Corporate governance ...... 53

5. Financial Information ...... 58 1. Consolidated Financial Statements ...... 59 (1) Consolidated financial statements...... 59 (2) Other ...... 116 2. Non-Consolidated Financial Statements ...... 117 (1) Non-consolidated financial statements...... 117 (2) Details of major assets and liabilities...... 136 (3) Other ...... 138

6. Information on Transfer and Repurchase of the Company’s Stock ...... 139

7. Reference Information on the Company ...... 140

Part II Information on Guarantors for the Company ...... 141

Independent Auditors’ Report ...... 142

Internal Control Report...... 146

Confirmation Note...... 148

【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 24, 2009

【Business Year】 110th Fiscal Term (from April 1, 2008, to March 31, 2009)

【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, Kanagawa

【Phone No.】 (045) 461- 7410

【Contact for Communications】 Yukio Asada, Chief Manager, Consolidated Accounting Group, Accounting Division

【Nearest Contact】 17-1, Ginza 6-chome, Chuo-ku, Tokyo

【Phone No.】 (03) 3543-5523 (switchboard)

【Contact for Communications】 Yukio Asada, Chief Manager, Consolidated Accounting Group, Accounting Division

【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 106th 107th 108th 109th 110th

Year ended March 31, 2005 March 31, 2006 March 31, 2007 March 31, 2008 March 31, 2009 Millions Net sales 8,576,277 9,428,292 10,468,583 10,824,238 8,436,974 of yen Millions Ordinary income (loss) 855,700 845,872 761,051 766,400 (172,740) of yen Millions Net income (loss) 512,281 518,050 460,796 482,261 (233,709) of yen Millions Net assets 2,465,750 3,087,983 3,876,994 3,849,443 2,926,053 of yen Millions Total assets 9,848,523 11,481,426 12,402,208 11,939,482 10,239,540 of yen Net assets per share Yen 604.49 753.40 862.29 860.17 644.60 Basic net income (loss) per Yen 125.16 126.94 112.33 117.76 (57.38) share Diluted net income per share Yen 124.01 125.96 111.71 117.56 ― Net assets as a percentage of % 25.0 26.9 28.6 29.4 25.6 total assets Return on equity % 22.82 18.66 13.89 13.68 (7.62)

Price earnings ratio Times 8.78 11.01 11.24 7.00 ― Cash flows from operating Millions 369,415 757,869 1,042,827 1,342,284 890,726 activities of yen Cash flows from investing Millions (865,035) (1,112,755) (1,114,587) (867,623) activities of yen (573,584) Cash flows from financing Millions 521,046 457,919 106,912 (307,002) activities of yen (135,013) Cash and cash equivalents at Millions 289,784 404,212 469,388 584,102 746,912 end of year of yen Employees 169,644 162,099 165,729 159,227 155,659 ( ) represents the number of part-time (13,963) (21,257) (20,607) (21,308) (20,107) Number employees not included in the above 174,647 165,397 169,299 163,099 160,422 numbers (14,802) (21,564) (21,177) (21,686) (20,649) Notes: 1. Net sales are presented exclusive of consumption tax. 2. Effective since the 108th fiscal year, the Company has adopted the Accounting Standard for Presentation of Net Assets in the Balance Sheet (ASBJ Statement No. 5) and the Implementation Guidance on the Accounting Standard for Presentation of Net Assets in the Balance Sheet (ASBJ Guidance No. 8) in the calculation of net assets. 3. Diluted net income per share for the 110th fiscal year is not stated because a net loss per share is recorded although dilutive securities exist. 4. Price earnings ratio for the 110th fiscal year is not stated because a net loss per share is recorded. 5. The number of part-time employees has been changed to present the average number of part-time employees for the 110th fiscal year compared with the year-end part-time employees for the previous fiscal years. 6. 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 106th 107th 108th 109th 110th

Year ended March 31, 2005 March 31, 2006 March 31, 2007 March 31, 2008 March 31, 2009 Millions Net sales 3,718,720 3,895,553 3,608,934 3,923,280 3,053,312 of yen Millions Ordinary income 203,711 337,156 169,958 276,821 61,956 of yen Millions Net income (loss) 102,415 240,593 79,481 219,855 (7,385) 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 4,520,715 4,520,715 4,520,715 4,520,715 Millions Net assets 1,685,893 1,827,030 1,775,413 1,781,612 1,635,545 of yen Millions Total assets 3,981,914 3,845,041 3,804,369 3,936,336 3,967,294 of yen Net assets per share Yen 384.86 415.28 401.03 406.04 372.63 Cash dividends per share 11 Yen 24 29 34 40 (Interim cash dividends (Yen) (12) (14) (17) (20) (11) included herein) Basic net income (loss) per Yen 23.24 54.88 18.01 49.92 (1.68) share Diluted net income per share Yen 23.04 54.48 17.92 49.84 ― Net assets as a percentage of % 42.3 47.5 46.6 45.2 41.2 total assets Return on equity % 6.03 13.70 4.42 12.38 (0.43)

Price earnings ratio Times 47.29 25.47 70.13 16.51 ― Cash dividends as a % 102.8 52.9 188.9 80.1 ― percentage of net income Employees 32,177 32,180 32,489 31,081 30,389 ( ) represents the number of part-time Number employees not included in the above (578) (845) (257) (372) (329) numbers Notes: 1. Net sales are presented exclusive of consumption tax. 2. Effective since the 108th fiscal year, the Company has adopted the Accounting Standard for Presentation of Net Assets in the Balance Sheet (ASBJ Statement No. 5) and the Implementation Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet (ASBJ Guidance No. 8) in the calculation of net assets. 3. Diluted net income per share for the 110th fiscal year is not stated because a net loss per share is recorded although dilutive sec