Nissan 2006 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2006 Nissan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

Nissan Annual Report 2005
12
Fiscal 2005 was a year of transition and tough competitive challenges for Nissan.
Despite that, and rising costs related to energy, raw materials, regulations and interest
rates, we met all Nissan 180 commitments and posted record operating profit and net
income. Nissan Value-Up, the next phase of sustainable and profitable growth, is well
under way.
Sales performance
Although fiscal 2005 was the year in which we will have the fewest number of new
product introductions during the three years of Nissan Value-Up, global sales reached
a record level of 3,569,000 units, up 5.3 percent over last year’s record total.
Financial performance
Our consolidated net revenues in fiscal 2005 were ¥9,428.3 billion, surpassing fiscal
2004 by 9.9 percent. Consolidated operating profit improved by 1.2 percent to a
record ¥871.8 billion. As a percentage of net revenue, our operating profit margin
totaled 9.2 percent.
Net income reached ¥518.1 billion, a rise of ¥5.8 billion. At the close of fiscal
2005 we had a net cash position of ¥372.9 billion, ¥167.1 billion more than when the
year began.
Nissan Value-Up commitments
Nissan Value-Up incorporates three key commitments:
Profit: Nissan will maintain the top level of operating profit margin among global
automakers for each of the three years of the plan.
Volume: Nissan will achieve global sales of 4.2 million units in fiscal 2008.
ROIC: Nissan will achieve a 20 percent or higher return on invested capital on
average over the course of the plan.
FISCAL 2005 PERFORMANCE
Record Results in a Fiercely
Competitive Environment
PERFORMANCE