17 Corporate Governance Corporate Data Performance Year 2 Power 88 Innovation & Power of brand NISSAN Annual Report 2012 Fiscal 2011 Financial Performance Net sales Operating profit IMPACT ON OPERATING PROFIT OPERATING PROFIT NET SALES For fiscal year 2011, consolidated net revenues increased  7.2%, to 9.409 trillion yen, which reflected by sales volume  increase in spite of the strong yen. Consolidated operating profit totaled 545.8 billion yen, which  was improved 1.6% from last year. In comparison to last  year’s consolidated operating profit, the variance was due to  the following factors: • The 170 billion yen negative impact from foreign  exchange came mainly from the appreciation of the yen  against the U.S. dollar. • The increase in energy and raw material costs was a  negative 115.6 billion yen. • Purchasing cost reduction efforts resulted in a saving of  200.1 billion yen. • Volume and mix produced a positive impact of 223.6  billion yen.  • The increase in selling expenses resulted in a 151.3  billion yen negative movement. • R&D expenses increased by 33.1 billion yen. • Sales financing contributed 49.8 billion yen. • Other items produced a positive impact of 4.8 billion yen. 12,000 9,000 6,000 3,000 0 ’11 8,773.1 ’12 (Forecast) $_{9,409.0}$10,300.0 ’09 8,437.0 ’10 7,517.3 ’08 (Billions of yen) 1,200 (Billions of yen) 900 600 0 300 −300 (Forecast) ’12 700.0 ’10 537.5 ’11 545.8 ’08 –137.9 ’09 311.6 (Billions of yen) FY10 O.P. FY11 O.P. Raw material /energy  R&D exp. FOREX Selling exp. Purch.  cost  reduction Volume/ mix Sales finance Other items 311.6 537.5 545.8 -147.5 –170.0 –115.6 –151.3 +223.6 +200.1 –33.1 +49.8 +4.8