89th Ordinary General Shareholders Meeting
Overview
- Date:Wednesday, June 27, 2012
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Venue:Head Office Conference Room,
Nissan Shatai Co., Ltd.,
Hiratsuka, Kanagawa Prefecture - Start time:10:00 a.m.
- End time:10:41 a.m. (duration: 41 minutes)
- Shareholders attending:40
Nissan Shatai held its 89th Ordinary General Shareholders Meeting at 10:00 a.m. on Wednesday, June 27, 2012, at its Head Office Conference Room in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2011 business report and other statements were presented. Then, each proposal submitted was deliberated. After all proposals were approved, the Ordinary General Shareholders Meeting was closed. Details are set out below.
Fiscal 2011 Business Report (Consolidated Basis)
Review of Business in Fiscal 2011
Total sales volume declined 15.8% year-on-year, to 195,473 units. Net sales including vehicle parts and other products fell 10.1% to 454.7 billion yen. Due to factors including reduced sales, operating income declined 37.5% to 11.3 billion yen, ordinary income fell 38.4% to 10.8 billion yen, and net income dropped 11.0% to 6.4 billion yen.
Outlook for Fiscal 2012
Sales volume is projected to increase 0.3% year-on-year, to 196,000 units. Net sales are expected to rise 8.6% to 494.0 billion yen, operating income to decline 27.0% to 8.3 billion yen, ordinary income to drop 30.2% to 7.6 billion yen, and net income to fall 53.1% to 3.0 billion yen.
Agenda Items
Matters Reported
- Fiscal 2011 Business Report (for the period April 1, 2011 to March 31, 2012), consolidated financial statements, and audit reports by the accounting auditor and the Board of Statutory Auditors
- Fiscal 2011 financial statements (for the period April 1, 2011 to March 31, 2012)
Matters Resolved (All proposals were approved.)
Proposal 1: Appropriation of surplus
Proposal 2: Amendment to the Articles of Incorporation
Proposal 3: Election of three directors
Proposal 4: Election of four statutory auditors
Questions
No questions were posed.
Plant Tour for Shareholders
After the 89th Ordinary General Shareholders Meeting closed, a plant tour was conducted to provide shareholders with a deeper understanding of Nissan Shatai's business and production activities. The tour took place in section 2 of the Shonan Plant and featured a production line manufacturing simultaneously multiple models including the NV200 Vanette LCV, a model for which the factory acts as "mother plant" for Nissan's global operations. Shareholders viewed welding, assembly, and inspection processes during the hour-long tour.
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