102nd Ordinary General Shareholders Meeting
Overview
- Date:Thursday,June 26, 2025
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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:10:53 a.m. (duration:53 minutes)
- Shareholders attending:33
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Questions:Independence as a listed company and the protection of minority shareholders' interests
Relationship with suppliers subject to the Subcontract Act
Note: For information on the exercise of voting rights via the Internet, please refer to P3 of the Notice of Convocation.
Nissan Shatai held its 102nd Ordinary General Shareholders Meeting at 10:00 a.m. on Thursday, June 26, 2025, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2024 business report and other statements were presented. Then, each proposal submitted was deliberated. Company proposals (Proposals 1,2 and 3) were approved, the Ordinary General Shareholders Meeting was closed. Details are set out below.
Fiscal 2024 Business Report (Consolidated Basis)
Review of Business in Fiscal 2024
In the fiscal year ending in March 2025, the economy of Japan continued its trend of moderate recovery thanks to the improved employment and income environment, while on the other hand it was necessary to be aware of the risk that the downturn in overseas economic conditions would drag down the Japanese economy.
As for the environment surrounding the Nissan Shatai Group, the outlook continued to be uncertain due to the rise in raw material prices, demand fluctuations, etc.
In this environment, the volume of orders from Nissan Motor Co., Ltd. increased by 5.3% compared to the previous fiscal year to 146,521 units.
Net sales increased by 16.4% to 350.5 billion yen mainly due to the increase in sales of the all-new INFINITI QX80, the all-new Patrol, and the all-new Armada, which have higher sales prices than previous models.
Looking at income and loss, while operating income was lower than in the first half of the fiscal year due to additional costs incurred in the first half of the fiscal year for production of new models among other factors, it increased by 425.7% compared to the previous fiscal year to 5.1 billion yen thanks to the launch of the all-new Armada in the second half of the year combined with the resolution of component supply shortages caused by the impact of the Noto Peninsula Earthquake that occurred in the fourth quarter of the previous fiscal year. Meanwhile, ordinary income increased by 319.9% to 5.8 billion yen, and profit attributable to owners of parent for the fiscal year increased by 645.1% to 3 billion yen.
Outlook for Fiscal 2025
Net sales are expected to increase 13.6% to 398.1 billion yen, operating income expected to increase 34.0% to 6.9 billion yen, ordinary income expected to increase 19.7% to 7.0 billion yen and profit attributable to owners of parent will be 4.4 billion yen.
Agenda Items
Matters Reported
- 102nd fiscal Business Report (April 1, 2024 to March 31, 2025), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- 102nd fiscal Financial Statements (April 1, 2024 to March 31, 2025)
Matters Resolved (Company proposals (Proposals 1,2 and 3) were approved.
Company proposals (Proposals 1, 2, and 3)
Proposal 1: Appropriation of Surplus
Proposal 2: Election of Six Directors
Proposal 3: Election of one Substitute Statutory Auditor
Questions
Independence as a listed company and the protection of minority shareholders' interests
Relationship with suppliers subject to the Subcontract Act
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