99th Ordinary General Shareholders Meeting
Overview
- Date:Thursday, June 23, 2022
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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:10:47 a.m.（duretion:47minutes）
- Shareholders attending:18
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Questions:Sustain competitiveness of LCV※ with long model cycle
※Light Commercial Vehicles
Nissan Shatai held its 99th Ordinary General Shareholders Meeting at 10:00 a.m. on Thursday, June 23, 2022, at its Head Office Main Building in Hiratsuka, Kanagawa Prefecture. Following announcement of the number of voting rights, the fiscal 2021 business report and other statements were presented. Then, each proposal submitted was deliberated. Company proposals (Proposals 1,2,3,4 and 5) were approved and Shareholder proposals (Proposals 6, 7, 8, 9 and 10) were rejected, the Ordinary General Shareholders Meeting was closed.Details are set out below.
Fiscal 2021 Business Report (Consolidated Basis)
Review of Business in Fiscal 2021
Compared with the previous fiscal year, vehicle sales volume decreased by 15.4% year-on-year to 113,775 units. Including vehicle parts and other products, consolidated net sales decreased sales 110.1billion yen due to the decline in unit sales and the application of the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) etc. to component parts supplied by Nissan Motor. As a result, consolidated net sales decreased 147.5 billion yen year-on-year to 215.3 billion yen.
Due to the decline in unit sales, operating loss increased 4.0 billion yen to 3.5 billion yen and ordinary loss increased 4.5 billion yen to 2.5 billion yen. Loss attributable to owners of parent increased 4.1 billion yen year-on-year to 2.2 billion yen.
Outlook for Fiscal 2022
Net sales are expected to increase 48.9% to 314.3 billion yen, operating income to 9.5 billion yen, ordinary income to 9.9 billion yen and profit attributable to owners of parent will be 6.4 billion yen.
Agenda Items
Matters Reported
- 99th fiscal Business Report (April 1, 2021 to March 31, 2022), Consolidated Financial Statements, and Audit Reports by Accounting Auditor and the Board of Statutory Auditors
- 99th fiscal Financial Statements (April 1, 2021 to March 31, 2022)
Matters Resolved (Company proposals (Proposals 1,2,3,4 and 5) were approved and Shareholder proposals (Proposals 6,7,8.9 and 10) were rejected)
Company proposals (Proposals 1, 2, 3, 4 and 5)
Proposal 1: Appropriation of Surplus
Proposal 2: Partial revision of the Articles of Incorporation
Proposal 3: Election of one director
Proposal 4: Election of one Statutory Auditor
Proposal 5: Election of one Substitute Statutory Auditor
(preventing appointment of former employees of Nissan Motor Corporation)
(preventing provision of funds as deposited funds or loans to Nissan Motor Corporation)
(disclosure of personal compensation for directors who have the right to represent)
(disclosure of cost of capital)
Questions
Sustain competitiveness of LCV※ with long model cycle
※Light Commercial Vehicles
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