Nissan 2013 Annual Report Download

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ANNUAL REPORT 2013 CONTENTS

Table of contents

  • Page 1
    AnnuAl RepoRt 2013 ContentS

  • Page 2
    ... GOVERNANCE ContentS This annual report presents the results of Nissan Motor Company's business activities for fiscal 2012. It is also provides an opportunity for investors to deepen their understanding of the Nissan management team. President and CEO Carlos Ghosn and other executives share...

  • Page 3
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 02 contents corporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE VISION Nissan: Enriching People's Lives Nissan has a clear vision for the future, and âˆ' with our Alliance partner, Renault âˆ' we are working with ...

  • Page 4
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 03 contents C orporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE 1935 Datsun 14 In April 1935, less tban two years after Nissan's establisbment, tbe first small "Datsun 14" passenger car rolled off tbe assembly line...

  • Page 5
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 04 contents corporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE 4,914,000 6.2 % global Market Share Vehicles ¥ 9,629.6 Billion ¥ 523.5 S&P Billion operating margin 5.4 % total global Retail Volume ...

  • Page 6
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 05 contents corporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE niSSAn'S fouR StRAtegiC teCHnology DeVelopMent fielDS Safety life on Board Realizing zero-fatality mobility. Toward a world with virtually no ...

  • Page 7
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 06 contents corporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE finAnCiAl HigHligHtS 2012 for the years ended mar. 31, 2013 2011 mar. 31, 2012 2010 mar. 31, 2011 2009 mar. 31, 2010 2008 mar. 31, 2009 net sales...

  • Page 8
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 07 CONTENTS corporate face time MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE key figures for fiscal 2012 global industry demand in fiscal 2012 reached 79.33 million vehicles, up 4.8% from fiscal 2011. nissan's global sales ...

  • Page 9
    ... COMPANY ANNuAl RePORT 2013 08 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE MAnAgeMent MeSSAgeS to our stakeholders Carlos Ghosn President and Chief Executive Officer in pursuit of our mid-term business plan goals: Global Market Share...

  • Page 10
    ... MOTOR COMPANY ANNuAl RePORT 2013 09 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE MeSSAge fRoM tHe Ceo nissan continued progress under nissan power 88, our mid-term plan, during fiscal year 2012 despite a range of challenges. the company...

  • Page 11
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 10 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE fiRMly foCuSeD on ouR goAlS pRepAReD foR futuRe CHAllengeS We also further leveraged our industry partnerships to increase sales and set the stage ...

  • Page 12
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 11 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE in the United states last year we confronted supply issues surrounding new models, when important design changes ended up slowing down the supply chain...

  • Page 13
    ... MOTOR COMPANY ANNuAl RePORT 2013 12 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE MeSSAge fRoM tHe Coo As we celebrate the 80th anniversary of our founding, we work to achieve even greater success. Toshiyuki Shiga Chief Operating Officer...

  • Page 14
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 13 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE in Japan, approximately 40% of the automotive market is kei light vehicles, an increasingly important category as nissan seeks to maintain stable sales...

  • Page 15
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 14 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE MeSSAge fRoM tHe Cfo A StRong yeAR DeSpite CHAllengeS fiscal year 2012, the second of our mid-term business plan, was a year of progress for nissan. ...

  • Page 16
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 15 contents CORPORATE FACE TIME management messages NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE in terms of financial management, we will continue to focus on ensuring cost efficiency, generating positive automotive free cash flow even with the ...

  • Page 17
    ... MANAGEMENT MESSAGES nissan poWer 88 PERFORMANCE CORPORATE GOVERNANCE ABout tHe MiD-teRM plAn niSSAn poWeR 88 SiX tACtiCS unDeR niSSAn poWeR 88 1 Strengthening brand power to strengthen nissan's brand power, we will expand our strength in engineering and production to the sales, marketing...

  • Page 18
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 17 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE eV topiCS As the industry leader in zero-emission mobility, Nissan is committed to the penetration of electric vehicles (EVs) in the market. nissan ...

  • Page 19
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 18 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE fiSCAl 2012 SAleS peRfoRMAnCe fiscal 2012 sales results came to 4,914,000 units, up 1.4% year-on-year. overall market share resulted 6.2%, 0.2 points ...

  • Page 20
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 19 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Europe in europe, including russia, total industry volume fell by 6.4% to 17.18 million units. our retail sales declined 7.5% to 660,000 units, ...

  • Page 21
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 20 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE fiSCAl 2013 SAleS outlook in fiscal 2013 we will continue to execute our nissan power 88 strategy. Based on projections that total industry volume ...

  • Page 22
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 21 contents CORPORATE FACE TIME MANAGEMENT MESSAGES POWER 88 performance CORPORATE GOVERNANCE neW teCHnologieS in fiSCAl 2013 NISSAN PLANS TO COMMERCIALIZE 90 NEW TECHNOLOGIES DURING THE NISSAN POWER 88 PERIOD, WHICH WILL RUN THROUGH FISCAL 2016. HERE ...

  • Page 23
    ...MOTOR COMPANY ANNuAl RePORT 2013 22 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE AWARDS ReCeiVeD in fiSCAl 2012 CoRpoRAte AWARDS pRoDuCt AWARDS Brand Ranking Car of the year in Japan, the new note was crowned the automotive researchers...

  • Page 24
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 23 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE fiSCAl 2012 finAnCiAl ReVieW Impact on Operating Profit (Billions of yen) fiSCAl 2012 finAnCiAl peRfoRMAnCe Net Sales for fiscal year 2012, ...

  • Page 25
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 24 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE finAnCiAl poSition Balance sheet current assets have increased by 14.9% to 7,597.1 billion yen compared to march 31, 2012. this was mainly ...

  • Page 26
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 25 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Sales finance Due to the increase in retail sales, total financial assets of the sales finance segment increased by 25.8 % to 6,310.8 billion yen from ...

  • Page 27
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 26 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE fiSCAl 2013 outlook in our outlook for fiscal year 2013, we expect our global sales to reach 5.3 million units, an increase of 7.8%, which is another ...

  • Page 28
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 27 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE finAnCiAl StAteMentS Consolidated balance sheets (millions of yen) fy2011 as of march 31, 2012 fy2012 as of march 31, 2013 fy2011 as of march 31, 2012 ...

  • Page 29
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 28 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Consolidated statement of income (millions of yen) fy2011 (from april 1, 2011 to march 31, 2012) fy2012 (from april 1, 2012 to march 31, 2013) fy2011 (...

  • Page 30
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 29 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Consolidated statement of cash flows (millions of yen) fy2011 (from april 1, 2011 to march 31, 2012) fy2012 (from april 1, 2012 to march 31, 2013) ...

  • Page 31
    ... Unit global marketing communications global corporate planning (incl. oem Business) Vehicle information technology performance program Director eXeCutiVe CoMMittee MeMBeRS Hideyuki sakamoto makoto Yoshimoto Johan de nysschen shohei Kimura Executive Vice President Chief Competitive Officer...

  • Page 32
    ... audit Board of Directors (incl. outside directors) report Compliance Committee Information Security Committee Risk Management Function strengthening of corporate governance & internal control on a global basis Executive Committee Operations Committee Global Internal Audit office audit...

  • Page 33
    ... and improving internal awareness of the Code of Conduct. Export Control Global Secretariat Americas, AMIE, Asia Pacific Functions Marketing and sales, R&D, supply chain management, IT, production, etc. Regions Japan/Asia Pacific, Americas, Africa/Middle East/India/Europe Nissan Motor Co...

  • Page 34
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 33 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Promoting Thoroughgoing Compliance We have established a global code of conduct and have identified sections and officers at each of our operations ...

  • Page 35
    ... ordinary business activities. the divisions also prepare emergency measures to put in place when risk factors do materialize. nissan group companies in Japan and overseas are strengthening communication in order to share basic processes and tools for risk management, as well as related information...

  • Page 36
    ...auto companies to ensure we are reasonable in our assumptions. 2. Financial Market nissan is exposed to various financial-market-related risks, such as foreign exchange, interest rates and commodity prices. it is the general policy of nissan not to use derivative products as a primary tool to manage...

  • Page 37
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 36 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE raw materials, no matter whether purchased directly or indirectly. for precious metals, which are used in catalysts, nissan is making continuous ...

  • Page 38
    ... auto credit and Lease business with retail customers and for its Dealer finance business, due to changes in the economic situation and credit quality of customers. nissan manages the credit risks closely by establishing an effective screening and collection system and structure. credit applicants...

  • Page 39
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 38 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE Dealer finance for inventory vehicles is authorized on the basis of an internal rating system that takes into account the financial position of dealers...

  • Page 40
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 39 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE for example, the target for "product quality" is to attain the top level in the most influential indicators (miis) in each region. in order to achieve ...

  • Page 41
    ... Marketing & Sales Business Partners Communication Resource Recycling Nissan Global Environment Management Sincere Eco-Innovator Nissan's Global Environment Management Organization CEO Executive Committee Global, corporate focuses Plan Functional, regional focuses PDCA Customers COO Global...

  • Page 42
    ... control production engineering manufacturing Hr purchasing information system r&D administration communications & csr external & government affairs Human resources asset management finance supply chain management market & sales parts Logistics affiliated companies administration Business...

  • Page 43
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 42 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE policy and principles in case of earthquake: 1. the first priority is human life (utilization of employee safety confirmation system) 2. prevention of ...

  • Page 44
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 43 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE nissan has promoted countermeasures based on three basic principles stated in the global policy, which are: 1. first priority on employees' health and ...

  • Page 45
    NISSAN MOTOR COMPANY ANNuAl RePORT 2013 44 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE 4) Supply Chain Continuity control was enhanced as follows to prepare for increased supplier risk. l response to suppliers' financial risk 1. risk ...

  • Page 46
    ...MOTOR COMPANY ANNuAl RePORT 2013 45 contents CORPORATE FACE TIME MANAGEMENT MESSAGES NISSAN POWER 88 PERFORMANCE CORPORATE GOVERNANCE transportation and storage of vehicles and products for sales this program covers risks relating to transportation and the supply chain for parts and products...