Nissan 2004 Annual Report Download - page 85

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Nissan Annual Report 2003 83
Fiscal year 2002 (For the year ended Mar. 31, 2003)
North Other foreign
America Europe countries Total
Millions of yen
Overseas sales.......................................................................................................... ¥2,785,334 ¥974,872 ¥763,368 ¥4,523,574
Consolidated net sales............................................................................................ 6,828,588
Overseas sales as a percentage of consolidated net sales ........................... 40.8% 14.3% 11.1% 66.2%
Fiscal year 2001 (For the year ended Mar. 31, 2002)
North Other foreign
America Europe countries Total
Millions of yen
Overseas sales.......................................................................................................... ¥2,588,300 ¥825,696 ¥670,556 ¥4,084,552
Consolidated net sales............................................................................................ 6,196,241
Overseas sales as a percentage of consolidated net sales ........................... 41.8% 13.3% 10.8% 65.9%
22. SUBSEQUENT EVENTS
a) In accordance with Articles 280-20 and 280-21 of the Commercial Code of Japan and a resolution approved at the annual general meet-
ing of the shareholders held on June 19, 2003, the Board of Directors of the Company resolved on April 7, 2004 to grant stock subscrip-
tion rights free of charge to certain employees of the Company and certain directors and employees of the Company’s subsidiaries
effective April 16, 2004. The holders of these rights are entitled to subscribe for shares of common stock of the Company at a fixed price of
¥1,202 per share. The aggregate number of units and shares granted for subscription are 128,500 units and 12,850,000 shares, respectively.
b) The following appropriations of retained earnings of the Company were approved at a shareholders’ meeting held on June 23, 2004:
Thousands of
Millions of yen U.S. dollars
Year-end cash dividends
(¥11.00 = U.S.$0.104 per share) ............................................................................................................................ ¥48,384 $456,453
Bonuses to directors ........................................................................................................................................................ 390 3,679