Nissan 2008 Annual Report Download - page 50

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SIGNIFICANT ACCOUNTING POLICIES
48 Nissan Annual Report 2008
Prior fiscal year Current fiscal year
From April 1, 2006 From April 1, 2007
[
To March 31, 2007
][
To March 31, 2008
]
1. Scope of consolidation
(1) Number of consolidated companies 188
•Domestic companies 94
Sales companies for vehicles and parts
Aichi Nissan Motor, Nissan Fleet Sales, Nissan Prince
Tokyo Motor Sales, Nissan Parts Chuo Sales and 71
other sales companies
Manufacturing companies for vehicles and parts
Nissan Shatai Co., Ltd., Aichi Machine Industry Co.,
Ltd., JATCO Ltd., Calsonic Kansei Corporation and 4
other companies
Logistics and services companies
Nissan Trading Co., Ltd., Nissan Financial Services Co.,
Ltd., Autech Japan Co., Ltd., and 8 other companies
•Foreign companies 94
Nissan North America, Inc., Nissan Europe S.A.S., Nissan
Motor Manufacturing (UK) Ltd., Nissan Mexicana, S.A. de
C.V., and 90 other companies
The newly established Nissan Business Service has been
consolidated. Nissan Center Europe and another company
have been consolidated through the acquisition of their
stocks. Nissan Nordic Europe and 8 other companies, which
were unconsolidated subsidiaries in the prior year, have
been consolidated since their importance has increased. In
addition, Tokyo Nissan Motor and 4 other companies have
been dissolved following their mergers. Nissan Swaziland
(Pty) Ltd. and 3 other companies were liquidated. Reicomsa,
S. A. and another company have been excluded from
consolidation following the sale of their shares. As a result
of the reorganization of domestic dealers during the year
ended March 31, 2007, 52 consolidated subsidiaries have
been split into 52 companies each for sales and asset
management. The 52 asset management companies were
then dissolved following their merger with Nissan Real
Estate Development Co., Ltd., which was then renamed
Nissan Network Holdings Co., Ltd.
(2) Unconsolidated subsidiaries 174
•Domestic companies 115
Nissan Marine Co., Ltd., Nissan Human Resources
Development Center Inc. and others
•Foreign companies 59
Nissan Industrial Equipment Co. and others
These unconsolidated subsidiaries are small in terms of their
total assets, sales, net income or loss, retained earnings and
others, and do not have a significant effect on the
consolidated financial statements. As a result, they have
been excluded from consolidation.
1. Scope of consolidation
(1) Number of consolidated companies 194
•Domestic companies 80
Sales companies for vehicles and parts
Aichi Nissan Motor, Nissan Fleet Sales, Nissan Prince
Tokyo Motor Sales, Nissan Parts Chuo Sales and
57 other sales companies
Manufacturing companies for vehicles and parts
Nissan Shatai Co., Ltd., Aichi Machine Industry Co.,
Ltd., JATCO Ltd., Calsonic Kansei Corporation and 4
other companies
Logistics and services companies
Nissan Trading Co., Ltd., Nissan Financial Services
Co., Ltd., Autech Japan Co., Ltd., and 8 other
companies
•Foreign companies 114
Nissan North America, Inc., Nissan International SA,
Nissan Motor Manufacturing (UK) Ltd., Nissan Mexicana,
S.A. de C.V., and 110 other companies
The newly established Tokai Nissan Motor Co., Ltd., and 3
other companies have been consolidated. Atlet AB and
another company have been consolidated through the
acquisition of their stocks. Due to the consolidation of Atlet
AB, its 16 subsidiaries have also been consolidated. Nissan
International SA and 2 other companies, which were
unconsolidated subsidiaries in the prior year, have been
consolidated since their importance has increased.
Meanwhile, NR Wholesales Mexico, S.A. De C.V., and 10
other companies ceased to exist due to mergers. Sunny
Osaka Service Co., Ltd., and 6 other companies were
dissolved. Bocho Nissan Motor Co., Ltd., has been excluded
from consolidation following the sale of its shares.
(2) Unconsolidated subsidiaries 167
• Domestic companies 106
Nissan Marine Co., Ltd., Shinwa Kogyo Co., Ltd. and
others
• Foreign companies 61
Nissan Industrial Equipment Co. and others
These unconsolidated subsidiaries are small in terms of their
total assets, sales, net income or loss, retained earnings and
others, and do not have a significant effect on the
consolidated financial statements. As a result, they have
been excluded from consolidation.