21. SEGMENT INFORMATION The Company and its consolidated subsidiaries are primarily engaged in the manufacture and sales of products in the automobile segment and in providing various financial services to users of the Company’s products in the sales financing segment. These products, which are sold in Japan and overseas, principally in North America and Europe, include passenger cars, buses and trucks as well as the related components. Financial services include primarily leases and credits principally in Japan and North America. Business segments Fiscal year 2004  (For the year ended Mar. 31, 2005) Sales Automobile Financing Total Eliminations Consolidated Millions of yen I. Sales and operating income Sales to third parties ............................................................................... ¥8,177,841 ¥ 398,436 ¥ 8,576,277 ¥ — ¥8,576,277 Inter-segment sales and transfers ............................................... 23,742 13,509 37,251 (37,251) — Total sales ........................................................................................................ 8,201,583 411,945 8,613,528 (37,251) 8,576,277 Operating expenses ................................................................................ 7,429,760 338,388 7,768,148 (53,031) 7,715,117 Operating income ...................................................................................... ¥ 771,823 ¥ 73,557 ¥ 845,380 ¥ 15,780 ¥ 861,160 II. Assets, depreciation and capital expenditures Total assets .................................................................................................... ¥6,646,594 ¥4,596,322 ¥11,242,916 ¥(1,394,393) ¥9,848,523 Depreciation and amortization ........................................................ ¥ 349,163 ¥ 176,763 ¥ 525,926 ¥ — ¥ 525,926 Capital expenditures ............................................................................... ¥ 469,283 ¥ 582,468 ¥ 1,051,751 ¥ — ¥1,051,751 Fiscal year 2004  (For the year ended Mar. 31, 2005) Sales Automobile Financing Total Eliminations Consolidated Thousands of U.S. dollars I. Sales and operating income Sales to third parties ............................................................. $76,428,421 $ 3,723,700 $ 80,152,121 $ — $80,152,121 Inter-segment sales and transfers ............................. 221,889 126,253 348,142 (348,142) — Total sales ...................................................................................... 76,650,310 3,849,953 80,500,263 (348,142) 80,152,121 Operating expenses .............................................................. 69,437,010 3,162,504 72,599,514 (495,617) 72,103,897 Operating income .................................................................... $ 7,213,300 $ 687,449 $ 7,900,749 $ 147,475 $ 8,048,224 II. Assets, depreciation and capital expenditures Total assets .................................................................................. $62,117,701 $42,956,281 $105,073,982 $(13,031,710) $92,042,272 Depreciation and amortization ...................................... $ 3,263,206 $ 1,651,990 $ 4,915,196 $ — $ 4,915,196 Capital expenditures ............................................................. $ 4,385,823 $ 5,443,626 $ 9,829,449 $ — $ 9,829,449 Fiscal year 2003 (For the year ended Mar. 31, 2004) Sales Automobile Financing Total Eliminations Consolidated Millions of yen I. Sales and operating income Sales to third parties ................................................................................... ¥7,072,982 ¥ 356,237 ¥7,429,219 ¥ — ¥7,429,219 Inter-segment sales and transfers ................................................... 22,916 9,752 32,668 (32,668) — Total sales ............................................................................................................ 7,095,898 365,989 7,461,887 (32,668) 7,429,219 Operating expenses .................................................................................... 6,340,631 301,179 6,641,810 (37,446) 6,604,364 Operating income .......................................................................................... ¥ 755,267 ¥ 64,810 ¥ 820,077 ¥ 4,778 ¥ 824,855 II. Assets, depreciation and capital expenditures Total assets ........................................................................................................ ¥5,847,139 ¥3,479,171 ¥9,326,310 ¥(1,466,454) ¥7,859,856 Depreciation and amortization ............................................................ ¥ 313,289 ¥ 147,748 ¥ 461,037 ¥ — ¥ 461,037 Capital expenditures ................................................................................... ¥ 441,384 ¥ 463,616 ¥ 905,000 ¥ — ¥ 905,000 Nissan Annual Report 2004 92 FINANCIAL SECTION The business segment information for the Company and its consolidated subsidiaries for the years ended March 31, 2005, 2004 and 2003 is as follows: