Nissan: Nissan binds 118th Ordinary General Meeting of Shareholders

Posted on 30. Jun, 2017 by in Nissan Canada

YOKOHAMA, Japan – Nissan Motor Co., Ltd. shareholders voted currently to approve all government proposals during a company’s 118th Ordinary General Meeting of Shareholders.

The shareholder votes followed statements by Chairman Carlos Ghosn and President and Chief Executive Officer Hiroto Saikawa, who highlighted Nissan’s plain opening during a past mercantile year and validated a financial opinion for mercantile year 2017.

Ghosn delivered an refurbish on a expansion and expansion of a Renault-Nissan Alliance and on a advantages approaching for Nissan, in terms of synergies and common technologies. Based on a initial 3 months of sales information for FY2017, a Alliance, that also includes Mitsubishi Motors Corp., could turn a world’s No. 1 automotive organisation by mid-year.

Nissan validated a foresee of a 5-yen boost in a full-year division to 53 yen a share for FY2017, reflecting a company’s healthy profitability and giveaway money flow. As formerly disclosed, and distributed underneath a equity accounting process for Nissan’s corner try in China, Nissan expects net income to be 11.8 trillion yen for a 12 months finale Mar 31, 2018. Operating distinction is targeted to strech 685 billion yen, with net income of 535 billion yen.

Shareholders authorized a following resolutions:

  • Appropriation of defended gain for a 118th mercantile year
  • Election of 9 directors due to a death of terms of all directors
  • Election of one orthodox auditor

The meeting, during a National Convention Hall of Yokohama, lasted one hour and 45 mins and was attended by 2,250 shareholders.

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Koji Okuda 
Deputy General Manager

Nicholas Maxfield


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