Code no.: 7222

FY 2023 First Quarter

(Fiscal Year-to-Date)

Financial Results

(Fiscal year ending March 31, 2024)

August 2023

FY 2023 First Quarter (Fiscal Year-to-Date)

Earnings Results Highlights

Regarding the environment surrounding the Nissan Shatai Group, the uncertain outlook continued due to the rise in energy prices and raw materials prices, etc., but production activities began recovering compared to the same period last year which was impacted by semiconductor shortages and the constraint on economic activities arising from the spread of COVID-19 infections in China. In this environment, Net sales and income increased as a result of the increase in sales of light commercial vehicles .

Vehicle sales

volume

Net sales

Operating

income/loss

Ordinary income/loss

Income/loss

attributable to

owners of parent

Increased 35.9% year on year to 35,964 units, mainly due to the increase in sales of light commercial vehicles such as the AD, the Caravan, and others.

Increased by 14.9 billion yen to 70.0 billion yen due to the impact of the increase in the number of units, among other factors.

Increased by 1.8 billion yen to 60 million yen.

Increased by 1.7 billion yen to 100 million yen.

Increased by 1.2 billion yen to 100 million yen.

2

FY 2023 First Quarter (Fiscal Year-to-Date)

Financial Performance Highlights

(Million yen)

FY2022

FY2023

Variance

FY2023

1Q FYTD

1Q FYTD

Forecast

(2022/4-6)

(2023/4-6)

Net sales

55,063

70,032

14,969

27.2%

339,400

Operating

(1,760)

60

1,820

8,800

income/loss

Ordinary

(1,590)

159

1,749

8,900

Income/loss

Income/loss

attributable to owners

(1,111)

102

1,213

5,600

of parent

3

FY 2023 First Quarter (Fiscal Year-to-Date)

Sales Breakdown by Product Area

Microbuses

Vehicle parts and other

3,997 million yen

products

5.7%

4,911 million yen

Light commercial

7.0 %

vehicles

18,534 million yen

70,032

26.5 %

Million yen

Passenger vehicles

42,589 million yen

60.8 %

4

FY 2023 First Quarter (Fiscal Year-to-Date)

Vehicle Sales Volume

Increased 35.9% year on year to 35,964 units, mainly due to the increase in sales of light commercial vehicles such as the AD, the Caravan, and others.

26

36

(Thousand units)

(Thousand units)

FY2022

FY2023

Variance

1Q FYTD

1Q FYTD

Passenger

15

17

8.5%

vehicles

Light

commercial

9

16

88.3%

vehicles

Microbuses

2

3

22.0%

Total

26

36

35.9%

FY22

FY23

1QFYTD

1Q FYTD

5

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Disclaimer

Nissan Shatai Co. Ltd. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 00:49:05 UTC.