Nissan 2016 Annual Report Download - page 15

In our outlook for fiscal 2016, we expect our global sales to reach 5.60 million units, an increase of
3.3% compared to fiscal 2015.
With a total industry volume assumption of 89.40 million units, a 2.6% increase year on year, our
global market share is expected to grow from 6.2% to 6.3%.
In consequence of our plan, the financial forecast is as follows. We have used a foreign exchange
rate assumption of 105 yen to the dollar:
Nissan’s Fiscal 2016 Outlook
n Net sales 11.80 trillion yen
n Operating profit 710.0 billion yen
n Net income 525.0 billion yen
Fiscal 2016 Outlook (China JV Equity Basis)
600
450
300
150
0
2011 2015 201620142012 2013
406.4
468.7
536.3
463.1
540.0
479.0
4.3%
5.4%
5.1%
4.1%4.6%
3.9%
4.3%
5.4%
5.1%
4.1%4.6%
3.9%
600
450
300
150
0
2011
2016
201520142012 2013
531.9
560.0
428.0 457.8 500.6 506.1
4.4%
4.5%
5.2%4.8%4.4%4.7%
4.4%4.7%
4.5%
5.2%4.8%4.4%
(Forecast)
(Forecast)
(Billions of yen)
Dividend
Nissan’s strategic actions reflect not only its long-term vision as a global company to create sustainable
value but also the Company’s commitment to maximizing total shareholder returns.
We paid year-end cash dividends of 21 yen per share for fiscal 2015. As a result, the total
dividend payment for fiscal 2015, combined with the 21 yen dividend for the interim period, was 42 yen
per share.
The dividend payment
plan for fiscal 2016 is to be
48 yen per share,
considering the business
condition, risks and
opportunities for the year.
(FY)
Sales finance
Due to the increase in retail sales, total financial assets of the sales finance segment increased by
4.7% to 9,719.9 billion yen from 9,281.3 billion yen in fiscal 2014. The sales finance segment
generated 232.1 billion yen in operating profits in fiscal 2015 from 195.5 billion yen in fiscal 2014.
Investment policy
The company used capital expenditures in order to ensure Nissan’s future competitiveness. In fiscal
2015, capital expenditures totaled 479.0 billion yen, which was 3.9% of net sales.
R&D expenditures totaled 531.9 billion yen. These funds were used to develop new technologies
and products. One of the
Company’s strengths is its
extensive collaboration
and development
structure with Renault’s
R&D team, resulting from
the Alliance.
R&D Expenditures
50
40
30
20
10
0
2015 2016201420132011 2012
48
42
20
25
30 33
(Outlook)
(FY)
Dividend per share
(Yen)
(Billions of yen)
Capital Expenditures
(FY)
■ Management pro forma basis*
■ China JV equity basis
● % of net sales (Management pro forma basis*)
● % of net sales (China JV equity basis)
* Based on continuation of proportionate consolidation of China JV
14
NISSAN MOTOR CORPORATION ANNUAL REPORT 2016
PERFORMANCE
CONTENTS
CORPORATE FACE TIME
TOP MESSAGE
NISSAN POWER 88
CORPORATE GOVERNANCE