97th Ordinary General Shareholders Meeting
Overview
- Date:Wednesday, June 24, 2020
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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:10:35 a.m.（duretion:35minutes）
- Shareholders attending:9
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Questions:Details of “the challenges we need to deal with”
Flounder of the stock price
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 97th Ordinary General Shareholders Meeting at 10:00 a.m. on Wednesday, June 24, 2020, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2019 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 2019 Business Report (Consolidated Basis)
Review of Business in Fiscal 2019
Compared with the previous fiscal year, vehicle sales volume decreased by 20.7% year-on-year to 182,286 units. Including vehicle parts and other products, consolidated net sales decreased by 17.3 % to 498.8 billion yen.
Earnings increased despite the decline in sales mainly because of rapid measures for lowering expenses and raising productivity. Operating income increased by 19.5% to 9.3 billion yen and ordinary income increased by 19.9% to 9.8 billion yen. There was a special loss of 0.9 billion yen for the impairment of equipment used exclusively for producing the Armada due to the end of supplementary production of this vehicle at the Shonan Plant. As a result, profit attributable to owners of parent increased by 4.3% to 5.8 billion yen.
Outlook for Fiscal 2019
Net sales are expected to decrease 16.8% to 501.6 billion yen, operating income to decline 10.1% to 7.0 billion yen, ordinary income to drop 9.5% to 7.4 billion yen and profit attributable to owners of parent will be 4.6 billion yen.
Agenda Items
Matters Reported
- 97th fiscal Business Report (April 1, 2019 to March 31, 2020), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- 97th fiscal Financial Statements (April 1, 2019 to March 31, 2020)
Matters Resolved (All proposals were approved)
Proposal 1: Appropriation of Surplus
Proposal 2: Election of one director
Proposal 3: Election of one Statutory Auditor
Proposal 4: Election of one Substitute Statutory Auditor
Questions
・Details of “the challenges we need to deal with”
・Flounder of the stock price
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