90th Ordinary General Shareholders Meeting
Overview
- Date:Wednesday, June 26, 2013
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Venue:Head Office Conference Room,
Nissan Shatai Co., Ltd.,
Hiratsuka, Kanagawa Prefecture - Start time:10:00 a.m.
- End time:10:37 a.m. (duration: 37 minutes)
- Shareholders attending:37
- We do not use an internet-based system for the exercise of voting rights at present. The exercise of voting rights is conducted by means of the voting cards sent out to shareholders along with their invitations to our company's general meetings of shareholders at which such rights are exercised.
Nissan Shatai held its 90th Ordinary General Shareholders Meeting at 10:00 a.m. on Wednesday, June 26, 2013, at its Head Office Conference Room in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2012 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 2012 Business Report (Consolidated Basis)
Review of Business in Fiscal 2012
Total sales volume declined 4.1% year-on-year, to 187,432 units. Net sales including vehicle parts and other products up 2.2% to 464.8 billion yen. Because of factors including reduced sales, operating income declined 13.0% to 9.9 billion yen, ordinary income fell 13.4% to 9.4 billion yen, and net income dropped 45.5% to 3.4 billion yen.
Outlook for Fiscal 2013
Sales volume is projected to decrease 4.1% year-on-year, to 180,000 units. Net sales are expected to rise 2.2% to 439.0 billion yen, operating income to decline 13.0% to 6.2 billion yen, ordinary income to drop 13.4% to 5.7 billion yen, and net income to fall 45.5% to 3.0 billion yen.
Agenda Items
Matters Reported
- Fiscal 2012 Business Report (April 1, 2012 to March 31, 2013), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- Fiscal 2012 Financial Statements (April 1, 2012 to March 31, 2013)
Matters Resolved (All proposals were approved.)
Proposal 1: Appropriation of surplus
Proposal 2: Election of six Directors due to expiration of the terms of office for all Directors.
Proposal 3: Election of one Statutory Auditor
Questions
Effects on staffing due to reorganization of Shonan plant.
Plant Tour for Shareholders
After the 90th 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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