91st Ordinary General Shareholders Meeting
Overview
- Date:Thursday, June 26, 2014
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Venue:Head Office Main Building,
Nissan Shatai Co.,Ltd.2-1,
Tsutsumicho, Hiratsuka, Kanagawa - Start time:10:00 a.m.
- End time:10:31 a.m. (duration: 31 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 91st Ordinary General Shareholders Meeting at 10:00 a.m. on Thursday, June 26, 2014, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2013 business report and other statements were presented. Then, each proposal submitted was deliberated. After the proposal was approved, the Ordinary General Shareholders Meeting was closed. Details are set out below.
Fiscal 2013 Business Report (Consolidated Basis)
Review of Business in Fiscal 2013
Total sales volume increased 2.8% year-on-year to 192,643 units. Net sales including vehicle parts and other products were up 2.0% to 474.2 billion yen. Earnings were higher because of the growth in sales volume and other reasons. Operating income increased 2.6% to 10.1 billion yen and ordinary income rose 6.2% to 10.0 billion yen. After a gain of 1.0 billion yen on the sale of Zone 4 of the Shonan Plant, which was part of this plant's reorganization, an impairment loss of 3.2 billion yen and other items, net income increased 92.1% to 6.7 billion yen.
Outlook for Fiscal 2014
Sales volume is projected to decrease 1.9% year-on-year to 189,000 units. As a result, net sales are expected to decrease 4.1% to 455.0 billion yen, operating income to decline 16.4% to 8.5 billion yen, ordinary income to drop 17.2% to 8.3 billion yen. But net income is expected to increase 105.9% to 13.8 billion yen.
Agenda Items
Matters Reported
- Fiscal 2013 Business Report (April 1, 2013 to March 31, 2014), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- Fiscal 2013 Financial Statements (April 1, 2013 to March 31, 2014)
Matters Resolved (All proposals were approved.)
Proposal : Appropriation of Surplus
Questions
No questions were posed.
Plant Tour for Shareholders
After the 91st 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 which began its activities again with a new production system after completion of restructuring.
Shareholders viewed how Nissan Shatai simultaneously and efficiently manufactures multiple models, including models with different basic structures such as frames and monocoques, on a single production line.
Shareholders viewed welding, assembly, and inspection processes during the hour-long tour.
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