94th Ordinary General Shareholders Meeting

Overview

• Date:Wednesday, June 28, 2017
• Venue: Head Office Main Building,
  Nissan Shatai Co., Ltd. 2-1,
  Tsutsumicho, Hiratsuka, Kanagawa
• Start time:10:00 a.m.
• End time:10:58 a.m. (duration: 58 minutes)
• Shareholders attending:35

• 94th Ordinary General Shareholders Meeting: Notice of Convocation (PDF: 935KB)

Note: 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 94th Ordinary General Shareholders Meeting at 10:00 a.m. on Wednesday, June 28, 2017, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2016 business report and other statements were presented. Then, each proposal submitted was deliberated. Company proposals (Proposal 1 and 2) were approved and Shareholder proposal (Proposal 3) was rejected, the Ordinary General Shareholders Meeting was closed. Details are set out below.

Fiscal 2016 Business Report (Consolidated Basis)

Review of Business in Fiscal 2016

Compared with the previous fiscal year, vehicle sales volume increased by 7.8% to 230,331 units. Including vehicle parts and other products, consolidated net sales increased by 11.1% to 565.8 billion yen.

Operating income increased by 6.2% to 12.1 billion yen mainly because of the growth in sales volume. Ordinary income increased by 6.2% to 12.7 billion yen and profit attributable to owners of parent increased by 3.6% to 8.2 billion yen due to amendments to Japan's Corporate Income Tax Act in 2016 and a 1.0 billion yen extraordinary loss resulting from the special extra retirement payments.

Outlook for Fiscal 2017

Net sales are expected to increase 18.4% to 670.0 billion yen, operating income to increase 14.8% to 14.0 billion yen, ordinary income to increase 14.1% to 14.5 billion yen and profit attributable to owners of parent to increase 16.7% to 9.6 billion yen.

Agenda Items

Matters Reported

• Fiscal 2016 Business Report (April 1, 2016 to March 31, 2017), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
• Fiscal 2016 Financial Statements (April 1, 2016 to March 31, 2017)

• 94th Ordinary General Shareholders Meeting Presentation Material (PDF: 11.8MB)
• 94th Ordinary General Shareholders Meeting Video（approx.25min)
• • 94th Ordinary General Shareholders Meeting Video: Matters Reported（approx. 8min)
  • 94th Ordinary General Shareholders Meeting Video: Initiatives to Address Major Challenges（approx.16min)
• 94th Ordinary General Shareholders Meeting: Notice of Resolutions (PDF: 199KB)
• 94th Ordinary General Shareholders Meeting: Extraordinary Report of the Results of the Counting of the Exercised Voting Rights (PDF:211KB)

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