93rd Ordinary General Shareholders Meeting
Overview
- Date:Tuesday, June 28, 2016
-
Venue:Head Office Main Building,
Nissan Shatai Co.,Ltd.2-1,
Tsutsumicho, Hiratsuka, Kanagawa - Start time:10:00 a.m.
- End time:10:37 a.m. (duration: 37 minutes)
- Shareholders attending:42
- 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 93rd Ordinary General Shareholders Meeting at 10:00 a.m. on Tuesday, June 28, 2016, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2015 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 2015 Business Report (Consolidated Basis)
Review of Business in Fiscal 2015
Compared with the previous fiscal year, vehicle sales volume increased by 9.2% to 213,635 units. Including vehicle parts and other products, consolidated net sales increased by 7.2% to 509.4 billion yen.
Operating income increased by 11.2% to 11.4 billion yen mainly because of the growth in sales volume. Ordinary income increased by 7.9% to 11.9 billion yen because of a 1.1 billion yen decline in non-operating income resulting from lower amount of reversal of removal cost, etc. related to restructuring of the Shonan plant and a 800 million yen decline in non-operating expenses following the end of amortization of net retirement benefit obligation at transition. Profit attributable to owners of parent decreased by 49.2% to 7.9 billion yen. Factors affecting profit attributable to owners of parent included a 14.2 billion yen decline on the sale of Zone 1 of Shonan Plant and other items.
Outlook for Fiscal 2016
Net sales are expected to increase 0.1% to 510.0 billion yen, operating income to increase 0.1% to 11.5 billion yen, ordinary income to increase 0.3% to 12.0 billion yen and profit attributable to owners of parent to increase 0.8% to 80 billion yen.
Agenda Items
Matters Reported
- Fiscal 2015 Business Report (April 1, 2015 to March 31, 2016), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- Fiscal 2015 Financial Statements (April 1, 2015 to March 31, 2016)
Matters Resolved (All proposals were approved.)
Proposal 1: Appropriation of Surplus
Proposal 2: Election of Three Directors
Proposal 3: Election of Two Statutory Auditors
Questions
No questions were posed.
Plant Tour for Shareholders
After the 93rd 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 zone 2 of the Shonan Plant where Nissan's promising next generation taxi NV200 is manufactured.
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.
Past General Shareholders Meeting
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