98th Ordinary General Shareholders Meeting
Overview
- Date:Wednesday, June 24, 2021
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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:10:39 a.m.（duretion:39minutes）
- Shareholders attending:10
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Questions:Development of advanced safety equipment
Development of electrified vehicles
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 98th Ordinary General Shareholders Meeting at 10:00 a.m. on Wednesday, June 24, 2021, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2020 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 2020 Business Report (Consolidated Basis)
Review of Business in Fiscal 2020
Compared with the previous fiscal year, vehicle sales volume decreased by 26.3% year-on-year to 134,410 units. Including vehicle parts and other products, consolidated net sales decreased by 27.3 % to 362.8 billion yen.
Due to a big decrease in gross profit caused mainly by the smaller number of vehicles sold and a less favorable vehicle mix, operating income fell 8.8 billion yen to 0.4 billion yen and ordinary income was down 7.8 billion yen to 1.9 billion yen. Profit attributable to owners of parent declined 3.9 billion yen to 1.9 billion yen. Special gains increased because of the sale of real estate but special losses also increased due to the impairment of fixed assets and other reasons.
Outlook for Fiscal 2021
Net sales are expected to increase 13.7 % to 412.6 billion yen, operating income to 7.8 billion yen, ordinary income to increase 328.1 % to 8.4 billion yen and profit attributable to owners of parent will be 5.2 billion yen.
Agenda Items
Matters Reported
- 98th fiscal Business Report (April 1, 2020 to March 31, 2021), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- 98th fiscal Financial Statements (April 1, 2020 to March 31, 2021)
Matters Resolved (All proposals were approved)
Proposal 1: Appropriation of Surplus
Proposal 2: Election of six directors as the terms of office of all current directors expire
Proposal 3: Election of one Statutory Auditor
Proposal 4: Election of one Substitute Statutory Auditor
Questions
Development of advanced safety equipment
Development of electrified vehicles
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