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1、(Japanese Accounting Standards)(Consolidated)July 25,2024Company name:Nissan Motor Co.,Ltd.Code no:7201(URL https:/www.nissan- Uchida,Representative Executive Officer,President and Chief Executive OfficerContact person:Julian Krell,Vice President,IR DepartmentTel.(045)523-5523Scheduled date of payme

2、nt of cash dividends:The additional materials of the Financial Results:YesThe briefing session of the Financial Results:Yes(Amounts less than one million yen are rounded)1.Consolidated Financial Results for the Three Months Ended June 30,2024(April 1,2024 through June 30,2024)Consolidated operating

3、results(Percent indications show percentage of changes from corresponding figures for the previous period.)Three Months Ended June 30,2024 June 30,2023Note:Comprehensive income:231,762 million yen for the three months ended June 30,2024,(43.9%)413,097 million yen for the three months ended June 30,2

4、023,(14.6%)Three Months Endedyenyen June 30,2024 June 30,2023 Consolidated financial positionFY2024 1st quarterFY2023Reference:Net assets excluding share subscription rights and non-controlling interests:6,081,875 million yen as of June 30,2024,5,981,647 million yen as of March 31,20242.DividendsFY2

5、023FY2024FY2024 forecastNote:Changes in dividends forecast for FY2024 from the latest disclosure:No For FY2024 forecast,allocation of cash dividends per share between 2nd quarter end and fiscal year end has not yet been determined.3.Forecast of consolidated operating results for FY2024 (April 1,2024

6、 through March 31,2025)(Percent indications show percentage of changes from corresponding figures for the previous period.)FY2024 1st halfFY2024Note:Changes in forecast of consolidated operating results for FY2024 from the latest disclosure:Yes Forecast of consolidated operating results for FY2024 1

7、st half is not prepared.2,917,66036.5Millions of yen5.0020.00Basic earningsper share15.0026.93Net assets asa percentage oftotal assetsFinancial Results for the Three Months Ended June 30,2024Net salesOperating incomeOrdinary incomeNet income attributable toowners of parentMillions of yen(72.9)Millio

8、ns of yenMillions of yen65,1282,998,3952.8995(99.2)81.95at 3rd quarter endat fiscal year endat 1st quarter end at 2nd quarter endMillions of yen28,562(60.9)128,59598.1Basic earningsper shareDiluted earningsper shareTotal assetsNet assets7.777.7720,173,236yenyenyenyenAnnual cash dividends per shareye

9、n300,000(29.7)Net sales10.4Operating incomeMillions of yen500,000(12.1)Net income attributable toowners of parentMillions of yen14,000,000123.9105,475166,57960.1Total25.0019,855,1516,470,5436,589,19130.1Millions of yenMillions of yen30.126.93yen Notes Significant changes in consolidation scope:None

10、Adoption of specific accounting policies for quarterly consolidated financial statements:Applicable Note:See attached page 9(4)Notes to quarterly consolidated financial statements-(Adoption of specific accounting policies for quarterly consolidated financial statements)Changes in accounting policies

11、,accounting estimation change and restatement -1 Changes in accounting policies due to the revision of the accounting standards.:None -2 Changes in accounting policies except for those in-1:None -3 Changes due to accounting estimation change:None -4 Restatement:None Number of shares issued -1 Number

12、 of shares issued at the end of the period(including treasury stocks)4,009,715,112 shares -2 Number of treasury stocks at the end of the period269,511,941 shares3,916,656,056 shares Reviewed by the external auditor：Yes(Optional)Explanation regarding the appropriate use of forecast of operating resul

13、tsThe financial forecast of operating results is based on judgements and estimates that have been made using currently available information.By nature,such financial forecast is subject to uncertainty and risk.Therefore,the final results might be significantly different from theaforementioned foreca

14、st due to changes in economic environments related to our business,market trends,exchange rate,etc.For other remarks,please refer to 3.Other Information on page 14.-3 The average number of shares issued during the three months ended June 30FY2023FY2023FY2023 1st quarterFY2024 1st quarter3,909,472,21

15、2 sharesFY2024 1st quarter255,449,948 sharesFY2024 1st quarter3,676,190,799 shares【Table of Contents】1.Overview of the operating results,etc.2 (1)Operating results 2 (2)Cash flows 2 2.Quarterly Consolidated Financial Statements 3 (1)Quarterly consolidated balance sheet 3 (2)Quarterly consolidated st

16、atement of income and quarterly consolidated statement of comprehensive income 5 Quarterly consolidated statement of income 5 Quarterly consolidated statement of comprehensive income 6 (3)Quarterly consolidated statement of cash flows 7 (4)Notes to quarterly consolidated financial statements 9 (Note

17、s to events and conditions which indicate there could be substantial doubt about going concern assumption)9 (Note to significant changes in shareholders equity)9 (Adoption of specific accounting policies for quarterly consolidated financial statements)9 (For consolidated balance sheets)9 (Segment in

18、formation)10 3.Other Information 14 Independent Auditors Interim Review Report on Quarterly Consolidated Financial Statements Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-1-1.Overview of the operating results,etc.(1)Operating results The global industry volum

19、e for the three months ended June 30,2024 increased by 3.8%from the corresponding period of the last year(last year)to 20.56 million units.Global retail sales volume of the Group decreased by 0.2%from last year to 787 thousand units.Net sales of the Group totaled 2,998.4 billion,increasing by 80.7 b

20、illion(2.8%)from last year.Operating income totaled 1.0 billion,decreasing by 127.6 billion(99.2%)from last year.This was mainly due to an increase in selling expense resulting from increased competition.Net non-operating income totaled 64.1 billion for the three months ended June 30,2024,increasing

21、 by 26.1 billion from last year.Ordinary income totaled 65.1 billion,decreasing by 101.5 billion(60.9%)from last year.Net special gains totaled 0.2 billion,improving by 37.5 billion from last year.Income before income taxes totaled 65.3 billion,decreasing by 63.9 billion(49.5%)from last year.Net inc

22、ome attributable to owners of parent totaled 28.6 billion,decreasing by 76.9 billion(72.9%)from last year.(2)Cash flows(Cash flows from operating activities)Net cash used in operating activities was 253.6 billion in the three months ended June 30,2024,declining by 389.4 billion from 135.8 billion pr

23、ovided in the prior fiscal year.This was mainly due to a reduction in working capital due to the timing of payments and a decline in income.(Cash flows from investing activities)Net cash used in investing activities decreased by 14.7 billion to 210.1 billion in the three months ended June 30,2024 fr

24、om 224.8 billion used in the prior fiscal year.This was mainly due to a decrease in net payment(net difference between the payment for purchase and the proceeds from sales)of leased vehicles in the sales finance business,despite an increase in the purchase of fixed assets.(Cash flows from financing

25、activities)Net cash used in financing activities decreased by 73.9 billion to 70.5 billion in the three months ended June 30,2024 from 144.5 billion of net outflow in the prior fiscal year.This was mainly due to lower repayment of borrowings when compared to the prior fiscal year.Free cash flows in

26、the automobile business for the three months ended June 30,2024 were negative 302.8 billion.The Groups net cash for the automobile business at June 30,2024 declined from the end of the prior fiscal year by 142.2 billion to 1,403.8 billion.Nissan Motor Co.,Ltd.(7201)Financial Results for the First Qu

27、arter Ended June 30,2024-2-2.Quarterly Consolidated Financial Statements (1)Quarterly consolidated balance sheet (in millions of yen)Prior fiscal year Current first quarter (As of March 31,2024)(As of June 30,2024)Assets Current assets Cash on hand and in banks 1,896,401 1,418,612 Trade notes and ac

28、counts receivable,and contract assets 635,329 427,387 Sales finance receivables 7,418,200 7,962,732 Securities 235,745 255,708 Merchandise and finished goods 1,279,001 1,404,630 Work in process 100,166 105,913 Raw materials and supplies 676,438 663,587 Other 796,505 827,731 Allowance for doubtful ac

29、counts (154,185)(163,654)Total current assets 12,883,600 12,902,646 Fixed assets Property,plant and equipment Buildings and structures,net 654,425 661,558 Machinery,equipment and vehicles,net 2,939,857 3,082,512 Land 583,792 584,357 Construction in progress 247,191 191,207 Other,net 338,245 385,076

30、Total property,plant and equipment 4,763,510 4,904,710 Intangible fixed assets 186,469 182,037 Investments and other assets Investment securities 1,379,078 1,472,258 Other 645,356 715,112 Allowance for doubtful accounts (7,425)(7,723)Total investments and other assets 2,017,009 2,179,647 Total fixed

31、 assets 6,966,988 7,266,394 Deferred assets Bond issuance costs 4,563 4,196 Total deferred assets 4,563 4,196 Total assets 19,855,151 20,173,236 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-3-(in millions of yen)Prior fiscal year Current first quarter (As of

32、March 31,2024)(As of June 30,2024)Liabilities Current liabilities Trade notes and accounts payable 2,229,210 1,989,462 Short-term borrowings 837,266 1,042,583 Current portion of long-term borrowings 1,221,739 1,289,624 Commercial papers 103,262 27,797 Current portion of bonds 239,032 217,682 Lease o

33、bligations 46,784 46,289 Accrued expenses 1,119,093 1,130,868 Accrued warranty costs 112,678 118,644 Other 1,017,875 1,021,130 Total current liabilities 6,926,939 6,884,079 Long-term liabilities Bonds 2,351,216 2,459,152 Long-term borrowings 2,921,628 3,039,880 Lease obligations 90,466 85,962 Accrue

34、d warranty costs 144,621 158,559 Net defined benefit liability 154,439 159,222 Other 795,299 797,191 Total long-term liabilities 6,457,669 6,699,966 Total liabilities 13,384,608 13,584,045 Net assets Shareholders equity Common stock 605,814 605,814 Capital surplus 826,151 826,151 Retained earnings 4

35、,285,508 4,198,182 Treasury stock (111,377)(105,067)Total shareholders equity 5,606,096 5,525,080 Accumulated other comprehensive income Unrealized holding gain and loss on securities 3,500 4,120 Unrealized gain and loss from hedging instruments 13,159 15,075 Adjustment for revaluation of the accoun

36、ts of the consolidated subsidiaries based on general price level accounting (103,135)(107,759)Translation adjustments 422,883 611,666 Remeasurements of defined benefit plans 39,144 33,693 Total accumulated other comprehensive income 375,551 556,795 Share subscription rights 304 302 Non-controlling i

37、nterests 488,592 507,014 Total net assets 6,470,543 6,589,191 Total liabilities and net assets 19,855,151 20,173,236 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-4-(2)Quarterly consolidated statement of income and quarterly consolidated statement of comprehen

38、sive income Three month period ended June 30 Quarterly consolidated statement of income (in millions of yen)Prior first quarter Current first quarter (From April 1,2023 To June 30,2023)(From April 1,2024 To June 30,2024)Net sales 2,917,660 2,998,395 Cost of sales 2,420,000 2,597,136 Gross profit 497

39、,660 401,259 Selling,general and administrative expenses Advertising expenses 71,659 87,692 Provision for warranty costs 30,135 37,691 Other selling expenses 29,311 52,000 Salaries and wages 113,331 125,521 Retirement benefit expenses 5,110 6,741 Provision for doubtful accounts 5,557 17,632 Other 11

40、3,962 72,987 Total selling,general and administrative expenses 369,065 400,264 Operating income 128,595 995 Non-operating income Interest income 14,713 14,424 Dividends income 34 31 Equity in earnings of affiliates 33,372 37,788 Derivative gain 20,645 57,521 Miscellaneous income 9,874 30,074 Total n

41、on-operating income 78,638 139,838 Non-operating expenses Interest expense 17,988 19,282 Exchange loss 16,923 48,791 Miscellaneous expenses 5,743 7,632 Total non-operating expenses 40,654 75,705 Ordinary income 166,579 65,128 Special gains Gain on sales of fixed assets 6,443 6,074 Other 557 22 Total

42、 special gains 7,000 6,096 Special losses Loss on sales of fixed assets 418 1,304 Loss on disposal of fixed assets 1,375 2,675 Other 42,538 1,925 Total special losses 44,331 5,904 Income before income taxes 129,248 65,320 Income taxes 18,374 30,195 Net income 110,874 35,125 Net income attributable t

43、o non-controlling interests 5,399 6,563 Net income attributable to owners of parent 105,475 28,562 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-5-Quarterly consolidated statement of comprehensive income (in millions of yen)Prior first quarter Current first qu

44、arter (From April 1,2023 To June 30,2023)(From April 1,2024 To June 30,2024)Net income 110,874 35,125 Other comprehensive income Unrealized holding gain and loss on securities (424)66 Unrealized gain and loss from hedging instruments (5,734)2,959 Adjustment for revaluation of the accounts of the con

45、solidated subsidiaries based on general price level accounting (2,872)(9,350)Translation adjustments 287,956 145,876 Remeasurements of defined benefit plans (8,700)(5,435)The amount related to equity method companies 31,997 62,521 Total other comprehensive income 302,223 196,637 Comprehensive income

46、 413,097 231,762(Breakdown of comprehensive income)Comprehensive income attributable to owners of parent 395,928 209,806 Comprehensive income attributable to non-controlling interests 17,169 21,956 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-6-(3)Quarterly c

47、onsolidated statement of cash flows (in millions of yen)Prior first quarter Current first quarter (From April 1,2023 To June 30,2023)(From April 1,2024 To June 30,2024)Cash flows from operating activities Income before income taxes 129,248 65,320 Depreciation and amortization(for fixed assets exclud

48、ing leased vehicles)85,852 91,994 Depreciation and amortization(for long-term prepaid expenses)9,210 9,991 Depreciation and amortization(for leased vehicles)72,866 72,143 Increase(decrease)in allowance for doubtful accounts (1,128)2,857 Interest and dividends income (14,747)(14,455)Interest expense

49、61,968 87,949 Equity in losses(earnings)of affiliates (33,372)(37,788)Loss(gain)on sales of fixed assets (6,025)(4,770)Loss on disposal of fixed assets 1,375 2,675 Decrease(increase)in trade notes and accounts receivable,and contract assets 229,851 228,727 Decrease(increase)in sales finance receivab

50、les (171,612)(231,963)Decrease(increase)in inventories (50,426)(36,375)Increase(decrease)in trade notes and accounts payable (103,954)(316,812)Retirement benefit expenses (1,679)(8,363)Payments related to net defined benefit assets and liabilities (2,045)(2,775)Other (1,017)(57,258)Subtotal 204,365

51、(148,903)Interest and dividends received 15,104 18,292 Proceeds from dividends income from affiliates accounted for by equity method 4,435 16,672 Interest paid (49,385)(72,594)Income taxes paid (38,682)(67,053)Net cash provided by(used in)operating activities 135,837 (253,586)Cash flows from investi

52、ng activities Net decrease(increase)in short-term investments 623 6,069 Purchase of fixed assets (92,858)(124,848)Proceeds from sales of fixed assets 10,628 12,260 Purchase of leased vehicles (305,610)(374,980)Proceeds from sales of leased vehicles 156,143 256,585 Payments of long-term loans receiva

53、ble (23)(22)Collection of long-term loans receivable 688 1,551 Purchase of investment securities (3,158)(3,864)Proceeds from sales of investment securities 8 1,084 Net decrease(increase)in restricted cash 8,764 20,166 Other (13)(4,149)Net cash provided by(used in)investing activities (224,808)(210,1

54、48)Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-7-(in millions of yen)Prior first quarter Current first quarter (From April 1,2023 To June 30,2023)(From April 1,2024 To June 30,2024)Cash flows from financing activities Net increase(decrease)in short-term borr

55、owings (117,872)80,922 Proceeds from long-term borrowings 372,800 272,086 Repayments of long-term borrowings (286,911)(299,428)Redemption of bonds (59,103)5,717 Purchase of treasury stock (0)(59,490)Repayments of lease obligations (13,737)(13,780)Cash dividends paid (39,174)(56,104)Cash dividends pa

56、id to non-controlling interests (460)(467)Net cash provided by(used in)financing activities (144,457)(70,544)Effects of exchange rate changes on cash and cash equivalents 83,742 82,152 Increase(decrease)in cash and cash equivalents(149,686)(452,126)Cash and cash equivalents at the beginning of the p

57、eriod 2,014,387 2,126,206 Cash and cash equivalents at the end of the period 1,864,701 1,674,080 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-8-(4)Notes to quarterly consolidated financial statements(Notes to events and conditions which indicate there could b

58、e substantial doubt about going concern assumption)None(Note to significant changes in shareholders equity)Based on resolution at the meeting of the Board of Directors held on March 27,2024,the Company acquired 100,243 thousand shares of treasury stock and cancelled all these shares during the curre

59、nt first quarter.As a result,treasury stock decreased by 6,292 million and retained earnings decreased by 59,786 million.The total number of outstanding shares after the cancellation was 3,909,472 thousand shares.(Adoption of specific accounting policies for quarterly consolidated financial statemen

60、ts)Calculation of tax expense Income taxes are determined based on the amount of income before income taxes for the current first quarter ended June 30,2024 multiplied by the effective tax rate,after adoption of tax-effect accounting,estimated for the entire fiscal year ending March 31,2025.Deferred

61、 income taxes are included in income taxes.(For consolidated balance sheets)Contingent Liabilities Lawsuits related to Takatas airbag inflators For ongoing lawsuits related to Takatas airbag inflators,management has not recognized a provision for loss contingencies because as of the date of this rep

62、ort it is not possible to reasonably estimate the amount,if any,of any potential future losses.Lawsuits related to misstatements in Annual Securities Reports(“Yukashoken-Houkokusho”)As a consequence of misstatements in Annual Securities Reports for each fiscal year in the past,there are some ongoing

63、 domestic and foreign lawsuits.The consolidated financial results may be affected by the progress of legal proceedings.Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-9-(Segment information)【Current first quarter segment information】Net sales and profits or loss

64、es by reportable segment Prior first quarter(From April 1,2023 To June 30,2023)(in millions of yen)Reportable segments Elimination of inter-segment transactions Prior first quarter Automobile Sales financing Total Net sales Sales to third parties 2,657,051 260,609 2,917,660 2,917,660 Inter-segment s

65、ales or transfers 45,555 24,375 69,930(69,930)Total 2,702,606 284,984 2,987,590(69,930)2,917,660 Segment profits 27,742 94,156 121,898 6,697 128,595 Current first quarter(From April 1,2024 To June 30,2024)(in millions of yen)Reportable segments Elimination of inter-segment transactions Current first

66、 quarter Automobile Sales financing Total Net sales Sales to third parties 2,694,293 304,102 2,998,395 2,998,395 Inter-segment sales or transfers 53,176 15,160 68,336(68,336)Total 2,747,469 319,262 3,066,731(68,336)2,998,395 Segment profits(losses)(87,275)75,030(12,245)13,240 995 Notes:1.Main produc

67、ts of each business segment 2.In principle,the accounting method for the reportable segments is the same as the basis of preparation for the quarterly consolidated financial statements.The segment profits are based on operating income.Inter-segment sales are based on the price in arms-length transac

68、tions.(1)Automobile:passenger cars,commercial vehicles,manufacturing parts for overseas production,etc.(2)Sales financing:credit,lease,etc.Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-10-Consolidated financial statements by business segment*Regarding summariz

69、ed quarterly consolidated statements of income and summarized quarterly consolidated statements of cash flows for the prior fiscal year,the Sales financing segment consists of Nissan Financial Services Co.,Ltd.(Japan),Nissan Motor Acceptance Company LLC(U.S.A.),NR Finance Mexico,S.A.de C.V.(Mexico),

70、Dongfeng Nissan Auto Finance Co.,Ltd.(China),13 other companies and the sales finance operations of Nissan Canada,Inc.(Canada).*Regarding summarized quarterly consolidated statements of income and summarized quarterly consolidated statements of cash flows for the current fiscal year,the Sales financ

71、ing segment consists of Nissan Financial Services Co.,Ltd.(Japan),Nissan Motor Acceptance Company LLC(U.S.A.),NR Finance Mexico,S.A.de C.V.(Mexico),Dongfeng Nissan Auto Finance Co.,Ltd.(China),13 other companies and the sales finance operations of Nissan Canada,Inc.(Canada).*The financial data in th

72、e Automobile&Eliminations represent the differences between the consolidated figures and those for the Sales financing segment.1)Summarized quarterly consolidated statements of income by business segment 2)Summarized quarterly consolidated statements of cash flows by business segment (in millions of

73、 yen)Automobile&Eliminations Sales financing Consolidated total Prior first quarter(From April 1,2023 To June 30,2023)Current first quarter(From April 1,2024 To June 30,2024)Prior first quarter(From April 1,2023 To June 30,2023)Current first quarter(From April 1,2024 To June 30,2024)Prior first quar

74、ter(From April 1,2023 To June 30,2023)Current first quarter(From April 1,2024 To June 30,2024)Cash flows from operating activities 198,239 (192,112)(62,402)(61,474)135,837 (253,586)Cash flows from investing activities(88,759)(110,648)(136,049)(99,500)(224,808)(210,148)(Free Cash flow)109,480 (302,76

75、0)(198,451)(160,974)(88,971)(463,734)Cash flows from financing activities(316,493)(194,534)172,036 123,990(144,457)(70,544)Effects of exchange rate changes on cash and cash equivalents 79,284 77,917 4,458 4,235 83,742 82,152 Increase(decrease)in cash and cash equivalents(127,729)(419,377)(21,957)(32

76、,749)(149,686)(452,126)Cash and cash equivalents at the beginning of the period 1,900,184 2,014,343 114,203 111,863 2,014,387 2,126,206 Cash and cash equivalents at the end of the period 1,772,455 1,594,966 92,246 79,114 1,864,701 1,674,080 (in millions of yen)Automobile&Eliminations Sales financing

77、 Consolidated total Prior first quarter(From April 1,2023 To June 30,2023)Current first quarter(From April 1,2024 To June 30,2024)Prior first quarter(From April 1,2023 To June 30,2023)Current first quarter(From April 1,2024 To June 30,2024)Prior first quarter(From April 1,2023 To June 30,2023)Curren

78、t first quarter(From April 1,2024 To June 30,2024)Net sales 2,632,676 2,679,133 284,984 319,262 2,917,660 2,998,395 Cost of sales 2,252,359 2,390,602 167,641 206,534 2,420,000 2,597,136 Gross profit 380,317 288,531 117,343 112,728 497,660 401,259 Operating income as a percentage of net sales 1.3%(2.

79、8%)33.0%23.5%4.4%0.0%Operating income(loss)34,439(74,035)94,156 75,030 128,595 995 Financial income/expenses,net(3,307)(5,031)66 204(3,241)(4,827)Other non-operating income and expenses,net 39,214 69,906 2,011(946)41,225 68,960 Ordinary income(loss)70,346(9,160)96,233 74,288 166,579 65,128 Income(lo

80、ss)before income taxes 71,063(4,015)58,185 69,335 129,248 65,320 Net income(loss)attributable to owners of parent 67,276(22,304)38,199 50,866 105,475 28,562 Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-11-Net sales and profits or losses by region Prior first

81、quarter(From April 1,2023 To June 30,2023)(in millions of yen)Japan North America Europe Asia Other overseas countries Total Eliminations Consolidated Net sales (1)Sales to third parties 498,271 1,610,162 329,722 183,113 296,392 2,917,660 2,917,660(2)Inter-segment sales 630,391 91,225 59,666 170,281

82、 4,994 956,557(956,557)Total 1,128,662 1,701,387 389,388 353,394 301,386 3,874,217(956,557)2,917,660 Operating income(loss)(28,158)132,048 6,986 16,788 15,643 143,307(14,712)128,595 Notes:1.Regions represent the location of the Company and its group companies.2.Areas are segmented based on their geo

83、graphical proximity and their mutual operational relationship.3.Major countries and areas which belong to segments other than Japan are as follows:Current first quarter(From April 1,2024 To June 30,2024)(in millions of yen)Japan North America Europe Asia Other overseas countries Total Eliminations C

84、onsolidated Net sales (1)Sales to third parties 476,510 1,712,518 336,095 168,267 305,005 2,998,395 2,998,395(2)Inter-segment sales 708,105 95,870 87,511 220,679 5,042 1,117,207(1,117,207)Total 1,184,615 1,808,388 423,606 388,946 310,047 4,115,602(1,117,207)2,998,395 Operating income(loss)53,740(20,

85、930)(15,944)17,355(8,178)26,043(25,048)995 Notes:1.Regions represent the location of the Company and its group companies.2.Areas are segmented based on their geographical proximity and their mutual operational relationship.3.Major countries and areas which belong to segments other than Japan are as

86、follows:(1)North America:The United States of America,Canada and Mexico(2)Europe:France,The United Kingdom,Spain and other European countries(3)Asia:China,Thailand,India and other Asian countries(4)Other overseas countries:Oceania,Middle East,South Africa and Central&South America excluding Mexico(1

87、)North America:The United States of America,Canada and Mexico(2)Europe:France,The United Kingdom,Spain and other European countries(3)Asia:China,Thailand,India and other Asian countries(4)Other overseas countries:Oceania,Middle East,South Africa and Central&South America excluding Mexico Nissan Moto

88、r Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-12-Information about geographical areas (Net sales)Prior first quarter(From April 1,2023 To June 30,2023)(in millions of yen)Japan North America Europe Asia Other overseas countries Total U.S.A.470,638 1,548,706 1,186,547 353

89、,053 199,242 346,021 2,917,660 Notes:1.Regions represent customers location.2.Areas are segmented based on their geographical proximity and their mutual operational relationship.3.Major countries and areas which belong to segments other than Japan are as follows:Current first quarter(From April 1,20

90、24 To June 30,2024)(in millions of yen)Japan North America Europe Asia Other overseas countries Total U.S.A.435,188 1,650,889 1,204,222 357,677 191,828 362,813 2,998,395 Notes:1.Regions represent customers location.2.Areas are segmented based on their geographical proximity and their mutual operatio

91、nal relationship.3.Major countries and areas which belong to segments other than Japan are as follows:(1)North America:The United States of America,Canada and Mexico(2)Europe:France,The United Kingdom,Spain and other European countries(3)Asia:China,Thailand,India and other Asian countries(4)Other ov

92、erseas countries:Oceania,Middle East,South Africa and Central&South America excluding Mexico(1)North America:The United States of America,Canada and Mexico(2)Europe:France,The United Kingdom,Spain and other European countries(3)Asia:China,Thailand,India and other Asian countries(4)Other overseas cou

93、ntries:Oceania,Middle East,South Africa and Central&South America excluding Mexico Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-13-3.Other Information Matters related to misconduct led by the Companys former chairman and others There have been no changes made

94、 to the timely disclosure released on September 9,2019“Nissan board receives report on misconduct led by former chairman and others”at the time of submission of this report.In the future,if significant progress occurs in the contents stated in the previous Securities Report,we will disclose such fac

95、t in accordance with relevant laws and regulations.Matters related to a recommendation from the Japan Fair Trade Commission On March 7,2024,the Company received a recommendation from the Japan Fair Trade Commission based on the“Act against Delay in Payment of Subcontract Proceeds,Etc.to Subcontracto

96、rs”.As noted in the Securities report as of March 31,2024,the Company takes such recommendation from the Commission very seriously and is working to strengthen its compliance system and to take measures to prevent recurrence.We will disclose any significant progress made in relation to these efforts

97、.Nissan Motor Co.,Ltd.(7201)Financial Results for the First Quarter Ended June 30,2024-14-(For Translation Purposes Only)Independent Auditors Interim Review Report on Quarterly Consolidated Financial Statements July 24,2024 The Board of Directors Nissan Motor Co.,Ltd.Ernst&Young ShinNihon LLC Tokyo,

98、Japan Designated and Engagement Partner Certified Public Accountant Masayuki Nakamura Designated and Engagement Partner Certified Public Accountant Makoto Matsumura Designated and Engagement Partner Certified Public Accountant Hiroshi Minagawa Designated and Engagement Partner Certified Public Accou

99、ntant Taiga Matsumoto Auditors Conclusion We have reviewed the accompanying quarterly consolidated financial statements of Nissan Motor Co.,Ltd.and its consolidated subsidiaries（the“Group”）,which comprise the quarterly consolidated balance sheet as of June 30,2024,the quarterly consolidated statemen

100、ts of income,comprehensive income,and cash flows for the three-month period then ended,and the related notes included in the“attachment”of Financial Results.Based on our review,nothing has come to our attention that causes us to believe that the accompanying quarterly consolidated financial statemen

101、ts are not prepared,in all material respects,the consolidated financial position of the Group at June 30,2024,and the consolidated results of their operations and their cash flows for the three-month period then ended in accordance with Article 4(1)of Standards for Preparation of Quarterly Financial

102、 Statements of the Tokyo Stock Exchange,Inc.and accounting principles generally accepted in Japan for quarterly financial statements,applying the provisions for reduced disclosures as set forth in Article 4,Paragraph 2 of the Standards.Basis for Auditors Conclusion We conducted our review in accorda

103、nce with review standards for interim financial statements generally accepted in Japan.Our responsibilities under those standards are further described in the Auditors Responsibilities for the Review of the Quarterly Consolidated Financial Statements section of our report.We are independent of the G

104、roup in accordance with the ethical requirements that are relevant to our review of the financial statements in Japan,and we have fulfilled our other ethical responsibilities in accordance with these requirements.We believe that we have obtained evidence to provide a basis for our conclusion.Managem

105、ents and the Audit Committees Responsibilities for the Quarterly Consolidated Financial Statements Management is responsible for the preparation of these quarterly consolidated financial statements in accordance with Article 4(1)of Standards for Preparation of Quarterly Financial Statements of the T

106、okyo Stock Exchange,Inc.and accounting principles generally accepted in Japan for quarterly financial statements,applying the provisions for reduced disclosures as set forth in Article 4,Paragraph 2 of the Standards,and for designing and operating such internal control as management determines is ne

107、cessary to enable the preparation of quarterly consolidated financial statements that are free from material misstatement,whether due to fraud or error.In preparing the quarterly consolidated financial statements,management is responsible for assessing the Groups ability to continue as a going conce

108、rn and disclosing,as required by Article 4(1)of Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange,Inc.and accounting principles generally accepted in Japan for quarterly financial statements,applying the provisions for reduced disclosures as set forth in Article

109、 4,Paragraph 2 of the Standards,matters related to going concern.The Audit Committee is responsible for overseeing the duties of executive officers and directors in designing and operating the Groups financial reporting process.Auditors Responsibilities for the Review of the Quarterly Consolidated F

110、inancial Statements Our objective is to issue an auditors interim review report that includes our conclusion from an independent standpoint.As part of a review in accordance with review standards for interim financial statements generally accepted in Japan,we exercise professional judgment and maint

111、ain professional skepticism throughout the interim review.We also:Make inquiries,primarily of management and persons responsible for financial and accounting matters,and apply analytical and other interim review procedures.A review is substantially less in scope than an audit conducted in accordance

112、 with auditing standards generally accepted in Japan.If we determine that a material uncertainty exists related to events or conditions that may cast significant doubt on the Companys ability to continue as a going concern,then we conclude,based on the evidence obtained,on whether anything has come

113、to our attention that causes us to believe that the quarterly consolidated financial statements are not prepared in accordance with Article 4(1)of Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange,Inc.and accounting principles generally accepted in Japan for qua

114、rterly financial statements,applying the provisions for reduced disclosures as set forth in Article 4,Paragraph 2 of the Standards.Additionally,if we conclude that a material uncertainty exists,we are required to draw attention in our auditors interim review report to the related disclosures in the

115、quarterly consolidated financial statements or,if such disclosures are inadequate,to express a qualified conclusion or adverse conclusion.Our conclusions are based on the evidence obtained up to the date of our auditors interim review report.However,future events or conditions may cause the Company

116、to cease to continue as a going concern.Evaluate whether anything has come to our attention that causes us to believe that the quarterly consolidated financial statements are not prepared in accordance with Article 4(1)of Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock

117、 Exchange,Inc.and accounting principles generally accepted in Japan for quarterly financial statements,applying the provisions for reduced disclosures as set forth in Article 4,Paragraph 2 of the Standards.Obtain evidence regarding the financial information of the entities or business activities wit

118、hin the Group as a basis for expressing a conclusion on the quarterly consolidated financial statements.We are responsible for the direction,supervision and review of the quarterly consolidated financial statements.We remain solely responsible for our conclusion.We communicate with the Audit Committ

119、ee regarding,among other matters,the planned scope and timing of the interim review and significant review findings.We also provide the Audit Committee with a statement that we have complied with the ethical requirements regarding independence that are relevant to our review of the financial stateme

120、nts in Japan and communicate with them all relationships,other matters that may reasonably be thought to bear on our independence,and where applicable,measures taken to eliminate inhibiting factors or apply safeguards to reduce them to an acceptable level.Interest required to be disclosed by the Cer

121、tified Public Accountants Act of Japan Our firm and its designated engagement partners do not have any interest in the Group which is required to be disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.Notes:1.The original copy of the above Independent Auditors Interim Review Report is in the custody of the Company (a company that discloses quarterly financial results).2.The XBRL data and HTML data are not included in the scope of Interim Review.