Nissan: Nissan binds 117th Ordinary General Meeting of Shareholders

Posted on 22. Jun, 2016 by in Nissan Canada

YOKOHAMA, Japan – Nissan Motor Co., Ltd. shareholders currently voted to approve all government proposals during a 117th Ordinary General Meeting of Shareholders, signaling their support for a company’s persisting Power 88 mid-term strategy.

The shareholder votes followed statements by boss and CEO Carlos Ghosn and Hiroto Saikawa, arch rival officer, that highlighted a company’s opening during a past mercantile year and validated a financial opinion for mercantile 2016.


Providing a business examination for shareholders, Mr. Saikawa pronounced that Nissan had done continued swell on a mid-term business plan, extended operational potency and delivered plain financial formula in mercantile 2015. He also highlighted expansion in tellurian sales volumes, reaching a new record of 5.43 million units amid clever direct in North America and a continued liberation in Western Europe.

Mr. Ghosn pronounced a association was on lane to broach serve expansion in mercantile 2016. “Our business devise is transparent and effective. We have started this mercantile year in a position of strength, and we are staid to broach serve value to a shareholders,” he said.

As formerly disclosed, Nissan expects net revenues to be approximately 11.8 trillion yen for a 12 months finale Mar 31st, 2017. Operating distinction is targeted to strech 710 billion yen and net income is approaching to boost to 525 billion yen.

Mr Ghosn identified 3 priority areas for Nissan as it executes on a extensive tellurian strategy:

  • Delivering high-quality, innovative new products and breakthrough technologies;
  • Enhancing prominence of products and brands to business worldwide; and
  • Strengthening a Renault-Nissan Alliance by larger convergence, and pushing additional synergies

The CEO restated that sum shareholder earnings would be extended by a buy-back of 300 million shares or adult to 400 billion yen via this year. A 14.3% boost in dividends payments to 48 yen per share has been foresee for FY16, reflecting a company’s expectations for continued profitability and plain giveaway money flow.

At a annual assembly of typical shareholders, equipment authorized by a shareholders included:

  • Appropriation of Retained Earnings for a 117th Fiscal Year
  • Election of one Statutory Auditor
  • Revision of a Remuneration for Statutory Auditors

The meeting, hold during a National Convention Hall of Yokohama, lasted one hour and 51 mins and was attended by 2,098 shareholders.

About Nissan Motor Co., Ltd.
Nissan is a tellurian full-line car manufacturer that sells some-more than 60 models underneath a Nissan, Infiniti and Datsun brands. In mercantile year 2015, a association sole some-more than 5.4 million vehicles globally, generating income of 12.19 trillion yen. Nissan engineers, manufactures and markets a world’s best-selling all-electric car in history, a Nissan LEAF. Nissan’s tellurian domicile in Yokohama, Japan, manages operations in 6 regions: ASEAN Oceania; Africa, Middle East India; China; Europe; Latin America and North America. Nissan has a tellurian workforce of 247,500, and has been partnered with French manufacturer Renault underneath a Renault-Nissan Alliance given Mar 1999.




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