Nissan Shatai : Fact Book

FY2022 Fact Book

Nissan Shatai Co., Ltd

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Historical Highlights (Japanese GAAP; consolidated basis)

											(Unit: million yen)
	FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3	2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Net sales	464,871	474,239	475,367	509,421	565,822	558,600	602,882	498,831	362,869	215,359	307,521
										△
Operating income(loss)	9,900	10,162	10,333	11,487	12,195	1,330	7,787	9,303	483	△	3,538	4,390
Ordinary income(loss)	9,434	10,020	11,084	11,962	12,709	1,756	8,174	9,802	1,973	△	2,541	5,118
						△
Profit (loss) attributable to owners of parent	3,487	6,701	15,639	7,939	8,223	2,297	5,585	5,827	1,917		2,217	3,883
Net assets	149,132	151,044	167,302	169,949	179,376	161,713	166,025	168,792	175,176	172,190	172,987
Total assets	239,782	260,368	264,484	262,507	294,476	273,020	268,514	264,709	261,052	231,233	249,149

Key Indicators (Japanese GAAP; consolidated basis)

Profitability

												(Unit: %)
	FY2012	FY2013	FY2014		FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3		2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Operating income margin	2.13	2.14	2.17		2.25	2.16	0.24	1.29	1.86	0.13	-	1.43
Ordinary income margin	2.03	2.11	2.33		2.35	2.25	0.31	1.36	1.96	0.54	-	1.66
Net income margin	0.75	1.41	3.29		1.56	1.45	-	0.93	1.17	0.53	-	1.26
Efficiency
												(Unit: %)
	FY2012	FY2013	FY2014		FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3		2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Return on equity (ROE)	2.31	4.46	9.83		4.71	4.71	(1.35)	3.41	3.48	1.11	(1.28)	2.25
Return on assets (ROA)	3.85	4.01	4.22		4.54	4.56	0.62	3.02	3.68	0.75	(1.03)	2.13
Notes: ROE = Profit attributable to owners of	parent / [(owner's	equity at start of	fiscal year + owner's equity at end of fiscal year) / 2] * 100
ROA = ordinary income / [(total assets at start of fiscal ye
Safety
												(Unit: %)
	FY2012	FY2013	FY2014		FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3		2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Current ratio	188.45	196.93	236.62		272.05	235.78	219.45	233.41	257.14	265.82	201.98	173.46
Capital adequacy ratio	62.19	58.01	63.26		64.74	60.91	59.23	61.38	63.77	67.10	74.47	69.43
Notes: Current ratio =current assets / current liabilities * 100
Capital adequacy ratio = net assets / total assets * 100
Investment indicators
												(Unit: yen)
	FY2012	FY2013	FY2014		FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3		2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Earnings per share (EPS)	22.97	45.30	105.72		53.67	55.59	(16.38)	41.23	43.02	14.16	(16.37)	28.67
Book value per share (BPS)	1008.09	1021.05	1130.95		1148.85	1212.58	1193.87	1225.70	1246.13	1293.27	1271.22	1277.11
Notes: EPS = Profit attributable to owners of parent / average number of shares issued during period
BPS = net assets / average number of shares issued during period
Cash flow
											(Unit: million yen)
	FY2012	FY2013	FY2014		FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
	2013/3	2014/3	2015/3		2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Cash flows from operating activities	31341	30192	25146		15005	20166	8060	18950	13646	8237	7872	10985
Cash flows from investing activities	(2931)	(2207)	11948		(4834)	(5180)	(6626)	(5730)	(5118)	(481)	(75155)	(9305)
Cash flows from financing activities	(17086)	(8873)	(6090)		(4363)	(4621)	(20853)	(7093)	(6129)	(5614)	(5625)	(5122)
Free cash flow	28410	27985	37094		10171	14986	1434	13220	8528	7756	(67283)	1680

Note: Free cash flow = cash flows from operating activities + cash flows from investing activities

Consolidated Balance Sheet (Japanese GAAP)

											(Unit: million yen)
		FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
		2013/3	2014/3	2015/3	2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Assets
Current assets
	Cash on hand and in banks	636	657	563	393	335	536	537	440	391	405	396
	Trade notes and accounts receivable	61,395	76,946	70,734	68,062	92,313	84,537	79,545	74,457	76,638	－	－
	Notes and accounts receivable - trade, and contract assets	-	-	-	-	-	-	-	-	-	51,409	67852
	Work in process	4,882	5,708	4,768	5,036	3,174	3,414	3,642	4,547	2,611	867	832
	Raw materials and supplies	2,003	2,239	2,154	2,270	2,364	3,111	2,625	2,970	2,862	3,316	4127
	Accounts receivable-other	2,752	2,555	2,227	2,221	2,488	3,396	2,144	1,971	2,731	1,430	629
	Deposits paid	67,607	86,697	117,796	123,773	134,196	114,577	120,702	123,197	125,387	52,463	49031
	Deferred tax assets	2,316	2,731	2,163	1,813	1,966	2,859	-	-	-	－	－
	Other	182	197	95	98	145	253	219	213	187	812	254
	Allowance for doubtful accounts	-	-	-	-	-	-	-	-	-	－	－
	Total current assets	141,777	177,735	200,504	203,670	236,986	212,684	209,417	207,798	210,810	110,705	123124
Fixed assets
	Property, plant and equipment
	Buildings and structures, net	12,027	12,581	12,248	12,135	11,615	11,248	11,223	11,188	10,353	10,586	11072
	Machinery, equipment and vehicles, net	28,171	24,228	21,155	18,626	17,694	19,037	16,939	14,722	13,022	12,334	11757
	Tools, furniture and fixtures, net	29,961	17,558	9,873	5,915	6,298	9,344	6,256	6,269	6,180	5,736	4375
	Land	17,938	17,844	15,684	15,684	15,684	15,684	15,684	15,684	14,278	14,228	14228
	Construction in progress	872	768	1,071	936	1,751	713	2,834	2,064	1,888	2,763	8809
	Total property, plant and equipment	88,972	72,982	60,033	53,297	53,044	56,029	52,938	49,929	45,723	45,651	50244
	Intangible fixed assets	1,379	1,117	909	982	1,060	1,258	1,030	1,022	1,006	848	1906
	Investments and other assets
	Long-term loans receivable	-	-	-	-	-	-	-	-	0	70,094	324
	Investment securities	339	327	324	324	324	324	324	324	324	324	70000
	Long-term prepaid expenses	15	5	3	2	1	214	117	14	69	16	-
	Deferred tax assets	6,776	7,727	2,257	3,795	2,631	2,098	4,295	5,248	2,756	3,245	3221
	Other	522	473	453	434	427	411	391	373	361	348	327
	Total investments and other assets	7,654	8,533	3,038	4,556	3,385	3,048	5,128	5,959	3,512	74,028	73873
	Total fixed assets	98,005	82,633	63,980	58,836	57,489	60,335	59,097	56,911	50,242	120,527	126025
Total assets	239,782	260,368	264,484	262,507	294,476	273,020	268,514	264,709	261,052	231,233	249149
											(Unit: million yen)
		FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
		2013/3	2014/3	2015/3	2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Liabilities
Current liabilities
	Trade notes and accounts payable	50,796	65,036	53,500	48,070	68,625	59,125	52,750	47,546	49,789	31,104	39355
	Electronically recorded obligations-operating	-	-	7,774	8,272	10,702	12,386	13,117	11,801	11,131	7,242	12901
	Lease obligations	7,185	4,517	2,602	2,143	3,156	4,995	3,405	3,172	3,100	2,898	1721
	Accounts payable-other	809	1,438	656	642	910	915	1,915	1,213	733	1,224	2756
	Accrued expenses	9,743	10,850	9,402	8,150	8,849	13,308	10,493	8,796	8,686	8,165	8242
	Income taxes payable	664	2,627	3,196	1,950	2,633	127	1,993	2,464	220	126	877
	Deposits received	309	263	218	229	217	273	259	227	250	279	223
	Deposits received from employees	4,333	4,057	3,844	3,607	3,256	3,252	3,099	3,066	2,915	2,819	2681
	Accrued warranty costs	166	149	171	128	138	158	179	185	203	198	168
	Other	1,223	1,310	3,371	1,669	2,022	2,372	2,504	2,337	2,274	751	2011
	Total current liabilities	75,232	90,252	84,737	74,864	100,512	96,915	89,720	80,812	79,306	54,810	70938
Long-term liabilities
	Lease obligations	2,539	1,688	960	1,176	1,669	2,283	1,145	1,415	1,328	1,159	550
	Accrued warranty costs	450	305	264	173	174	202	225	216	241	185	252
	Accrued retirement benefits	6,436	-	-	-	-	-	-	-	-	-	-
	Net defined benefit liabilities	-	11,568	8,466	13,750	10,379	9,795	9,599	11,726	3,368	1,289	2833
	Asset retirement obligations	2,043	2,136	1,260	1,273	1,276	1,119	1,120	1,121	1,122	1,123	1124
	Other	3,947	3,373	1,493	1,319	1,086	990	677	624	508	474	461
	Total long-term liabilities	15,417	19,071	12,445	17,693	14,586	14,390	12,769	15,105	6,569	4,232	5222
Total liabilities	90,650	109,323	97,182	92,557	115,099	111,306	102,489	95,917	85,875	59,042	76161
											(Unit: million yen)
		FY2012	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
		2013/3	2014/3	2015/3	2016/3	2017/3	2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Net assets
Shareholders' equity
	Common stock	7904	7904	7904	7904	7904	7904	7904	7904	7904	7904	7904
	Capital surplus	8517	8517	8517	8517	8517	8517	8517	8517	8517	8517	8517
	Retained earnings	141064	146434	160748	167356	173804	169516	173340	177407	177564	173517	175639
	Treasury stock	(8354)	(8361)	(8361)	(8362)	(8362)	(22635)	(22635)	(22635)	(22635)	(22635)	(22636)
	Total shareholders' equity	149132	154495	168809	175416	181864	163303	167127	171194	171351	167303	169425
Accumulated other comprehensive income
	Remeasurements of defined benefit plans	-	(3450)	(1507)	(5467)	(2487)	(1589)	(1102)	(2401)	3825	4886	3561
	Total accumulated other comprehensive	-	(3450)	(1507)	(5467)	(2487)	(1589)	(1102)	(2401)	3825	4886	3561
	income
Total net assets	149132	151044	167302	169949	179376	161713	166025	168792	175176	172190	172987
Total liabilities and net assets	239782	260368	264484	262507	294476	273020	268514	264709	261052	231233	249149

Consolidated Statement of Income (Japanese GAAP)

(Unit: million yen)

			FY2012	FY2013	FY2014			FY2015	FY2016	FY2017		FY2018			FY2019	FY2020	FY2021		FY2022
					2013/3			2014/3		2015/3			2016/3			2017/3			2018/3		2019/3			2020/3			2021/3			2022/3		2023/3
Net sales	464871		474239	475367		509421		565822		558600	602882		498831		362869		215359	307521
Cost of sales	446900		456277	458136		491494		546332		550559	587983		482149		355190		212146	295930
Gross profit	17971		17962	17231		17927		19490		8040	14899		16681		7678		3213	11590
Selling, general and administrative expenses	8070		7800	6897		6440		7294		6710	7111		7378		7195		6752	7199
Operating income(loss)	9900		10162	10333		11487		12195		1330	7787		9303		483		(3538)	4390
Non-operating income
	Interest income	226		269	334		397		318		301	312		332		718		340	342
	Dividends income	1		2		57		3		2		3	3		3		3		3	3
	Rent income on fixed assets	212		208		199		201		200		214	257		280		230		212	214
	Gain on sale of scraps	-	-	-	-	-	-	-	-	10		170	-
	Subsidies for employment adjustment	-	-	-	-	-	-	-	-	716		323	251
	Reversal of removal cost, etc.	-	316	1125		-	-	-	-	-	-	-	-
	Other	138		127	77		89		182		126	62		132		48		153	136
	Total non-operating income	578		923	1794		692		705		646	634		749		1716		1203	949
Non-operating expenses
	Interest expense	65		55	49		45		44		45	52		59		61		50	56
	Rent expenses on fixed assets	147		150	131		120		102		121	160		168		135		133	139
	Commission for purchase of	-	-	-	-	-	23	-	-	-	-	-
	treasury stock
	Amortization of net retirement benefit	748		748		748		-	-	-	-	-	-	-	-
	obligation at transition
	Depreciation and amortization	-	-	31		22		18		11	9		5		3		5	8
	Other	83		111		115		51		43		28	33		20		29		16	18
	Total non-operating expenses	1044		1065		1043		217		191		219	248		250		226		207	221
Ordinary income(loss)	9434		10020		11084		11962		12709		1756		8174		9802		1973		(2541)	5118
Special gains
	Gain on sales of fixed assets	1132		1361	15294		15		4		0	0		0		1784		1	1
	Subsidy income	-	-	-	-	-	-	-	-	-	-	-
	Gain on sales of investment securities	-	278	-	-	-	-	-	-	-	-	-
	Insurance income	589		-	-	-	-	-	-	-	-	-	-
	reversal of recall expenses	-	-	-	-	-	-	-	-	-	-	560
	Other	-	-	16		-	-	-	-	-	-	-	-
	Total special gains	1721		1639	15311		15		4		0	0		0		1784		1	562
Special losses
	Loss on sales of non-current assets	-	8	828		0		-	-	-	-	-	-	-
	Loss on retirement of fixed assets	137		304	244		438		276		214	249		293		192		510	491
	Loss on compensation for parts molds	607		319	446		-	-	-	-	-	-	-	-
	Restructuring loss factory	-	126		220		-	-	-	-	-	-	-	-
	Special extra retirement payments	789		179		-	-	1028		-	-	-	-	-	-
	Cost of vehicle recall campaigns	-	-	-	-	-	4391	-	-	-	-	-
	Impairment loss	3762		506		-	-	-	-	-	926		1253		-	-
	Other	1		7	-	-	-	-	0		0		0		40	0
	Total special losses	5297		1452	1739		439		1305		4605	250		1220		1447		550	491
Income (loss) before income taxes and minority	5858		10207	24656		11537		11408		(2848)	7924		8582		2311		(3091)	5189
interests
Income taxes-current	2113		2965	4080		3110		3493		211	1894		3143		618		50	753
Income taxes-deferred	256		541	4936		487		(307)	(762)	445		(387)	(225)	(924)	552
Total income taxes	2370		3506	9016		3598		3185		(550)	2339		2755		393		(873)	1306
Net income (loss)	3487		6701	15639		7939		8223		(2297)	5585		5827		1917		(2217)	3883
Profit (loss) attributable to owners of parent	3487		6701	15639		7939		8223		(2297)	5585		5827		1917		(2217)	3883

Consolidated Statement of Cash Flows (Japanese GAAP)

(Unit: million yen)

		FY2012	FY2013	FY2014		FY2015	FY2016	FY2017			FY2018	FY2019		FY2020	FY2021	FY2022
			2013/3		2014/3		2015/3			2016/3		2017/3		2018/3		2019/3			2020/3		2021/3		2022/3			2023/3
Cash flows from operating activities	31341		30192	25146		15005	20166	8060	18950		13646		8237	7872		10985
Cash flows from investing activities	(2931)	(2207)	11948		(4834)	(5180)	(6626)	(5730)	(5118)	(481)	(75155)	(9305)
Cash flows from financing activities	(17086)	(8873)	(6090)	(4363)	(4621)	(20853)	(7093)	(6129)	(5614)	(5625)	(5122)
Increase (decrease) in cash and cash equivalents	11323		19111	31004		5807	10364	(19418)	6126		2397		2141	(72909)	(3441)
Cash and cash equivalents at beginning of the	56920		68243	87355		118359	124167	134532		115113		121239		123637	125778		52869
period
Cash and cash equivalents at end of the period	68243		87355	118359		124167	134532	115113		121239		123637		125778	52869		49427