NISSAN MOTOR CO., LTD.
NON-CONSOLIDATED FINANCIAL INFORMATION

(MAY 21, 1999)

RESULTS
FY 1997
97/4-98/3

RESULTS
FY 1998
98/4-99/3

FORECAST
FY 1999
99/4-00/3

(BILLIONS OF YEN)

NET SALES

3,546.1

3.9%

3,319.6

6.4%

3,070.0

7.5%

DOMESTIC

1,921.1

12.5%

1,722.0

10.4%

1,620.0

5.9%

EXPORT

1,625.0

8.8%

1,597.5

1.7%

1,450.0

9.2%

OPERATING INCOME

85.6

24.2%

15.1

82.3%

0.0

-

% OF NET SALES

2.4%

 

0.5%

 

0.0%

 

NON OPERATING INCOME

27.9

 

0.5

 

20.0

 

ORDINARY INCOME

57.7

28.8%

14.6

74.6%

20.0

-

% OF NET SALES

1.6%

 

0.4%

 

0.7%

 

EXTRAORDINARY INCOME

41.2

 

49.4

 

20.0

 

NET INCOME

16.5

67.8%

34.8

-

40.0

-

% OF NET SALES

0.5%

 

1.0%

 

1.3%

 

OPERATING INCOME ANALYSIS

 

 

 

 

 

 

(YEAR TO YEAR CHANGE)

 

 

 

 

 

 

RATIONALIZATION

55.0

 

50.0

 

55.0

 

FOREIGN EXCHANGE EFFECT

30.0

 

20.0

 

65.0

 

ROYALTY <SEE NOTE (2) BELOW>

-

34.0

-

SALES REDUCTION, SALES MIX CHANGE

45.0

 

151.0

 

35.0

SALES RELATED EXPENSES

25.0

 

0.0

 

30.0

 

(EQUIPMENT WITHOUT CHARGE)

 

 

( 8.0)

 

( -)

 

(SALES PROMOTION EXPENSES)

 

 

( 8.0)

 

( 30.0)

 

R & D EXPENSE INCREASE ETC.

42.0

 

23.0

 

-

 

FOREIGN EXCHANGE RATE

 

 

 

 

 

 

YEN/USD

120

127

115

YEN/DM

69

73

(65)

YEN/EUR

-

-

127

CAPITAL EXPENDITURE

106.4

99.7

100.0

DEPRECIATION

90.0

96.5

100.0

(DEPRECIATION INCLUDING LEASE FEE)

(114.4)

(120.3)

(120.0)

R & D EXPENSES

208.0

213.0

220.0

PERFORMANCE DESCRIPTION *Reduced profits on reduced net sales.

 

*Reduced profits on reduced net sales.

 

*Reduced profits on reduced net sales.

 

(THOUSAND UNITS)

PRODUCTION VOLUME

DOMESTIC

1,672

0.5%

1,528

8.6%

1,450

5.1%

OVERSEAS(from April to March)

1,083

0.3%

937

13.5%

1,085

15.8%

TOTAL

2,755

0.4%

2,465

10.5%

2,535

2.8%

SALES VOLUME

DOMESTIC

974

13.5%

874

10.3%

830

5.0%

EXPORT

711

18.9%

711

0.1%

620

12.8%

TOTAL

1,685

2.3%

1,585

6.0%

1,450

8.5%

DOMESTIC REGISTRATION

967

14.5%

861

10.9%

830

3.6%

MARKET SHARE

20.4%

20.4%

20.5%

TOTAL DEMAND

4,749

14.6%

4,215

11.2%

4,050

3.9%

Notes: (1)The % figures, unless otherwise described, show the changes over the previous FY.
(2) Royalty income, which has been included in the non-operating income so far, was included in net sales. from the fiscal year ending March 1999.
(3) Overseas production volume includes Taiwan, Thailand and South Africa.

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