2) Summarized consolidated statements of income by business segment Millions of yen Thousands of U.S. dollars Automobile and Sales Consolidated Automobile and Sales Consolidated Fiscal year 2004  (For the year ended Mar. 31, 2005) Eliminations Financing total Eliminations Financing total Net sales .................................................................................... ¥8,164,332 ¥411,945 ¥8,576,277 $76,302,168 $3,849,953 $80,152,121 Cost of sales ........................................................................... 6,094,196 257,073 6,351,269 56,955,103 2,402,551 59,357,654 Gross profit .............................................................................. 2,070,136 154,872 2,225,008 19,347,065 1,447,402 20,794,467 Operating income ............................................................... 787,603 73,557 861,160 7,360,775 687,449 8,048,224 Operating income as a percentage of net sales ...... 9.6% 17.9% 10.0% 9.6% 17.9% 10.0% Net financial cost ................................................................ (10,371) (11) (10,382) (96,925) (103) (97,028) Income before income taxes and  minority interests .............................................................. 720,764 72,469 793,233 6,736,113 677,280 7,413,393 Net income ............................................................................... ¥ 472,680 ¥ 39,601 ¥ 512,281 $ 4,417,570 $ 370,103 $ 4,787,673 Total net financial cost ................................................... ¥ (10,371) ¥ (11) ¥ (10,382) $ (96,925) $ (103) $ (97,028) Interest on lease obligation ........................................ (4,097) (20) (4,117) (38,290) (187) (38,477) Intersegment elimination .............................................. (12,524) — (12,524) (117,047) — (117,047) Net financial cost for segment ................................ 6,250 9 6,259 58,411 84 58,495 Millions of yen Automobile and Sales Consolidated Fiscal year 2003  (For the year ended Mar. 31, 2004) Eliminations Financing total Net sales .................................................................................... ¥7,063,230 ¥365,989 ¥7,429,219 Cost of sales ........................................................................... 5,098,056 212,116 5,310,172 Gross profit .............................................................................. 1,965,174 153,873 2,119,047 Operating income ............................................................... 760,045 64,810 824,855 Operating income as a percentage of net sales ......... 10.8% 17.7% 11.1% Net financial cost ................................................................ (15,669) (30) (15,699) Income before income taxes and  minority interests .............................................................. 671,513 64,984 736,497 Net income ............................................................................... ¥ 465,329 ¥ 38,338 ¥ 503,667 Total net financial cost ................................................... ¥ (15,669) ¥ (30) ¥ (15,699) Interest on lease obligation ........................................ (4,603) (20) (4,623) Intersegment elimination .............................................. (5,322) — (5,322) Net financial cost for segment ................................ (5,744) (10) (5,754) Millions of yen Automobile and Sales Consolidated Fiscal year 2002  (For the year ended Mar. 31, 2003) Eliminations Financing total Net sales .................................................................................... ¥6,432,720 ¥395,868 ¥6,828,588 Cost of sales ........................................................................... 4,617,368 254,956 4,872,324 Gross profit .............................................................................. 1,815,352 140,912 1,956,264 Operating income ............................................................... 677,348 59,882 737,230 Operating income as a percentage of net sales ......... 10.5% 15.1% 10.8% Net financial cost ................................................................ (16,543) 3 (16,540) Income before income taxes and  minority interests .............................................................. 634,818 59,806 694,624 Net income ............................................................................... ¥ 458,611 ¥ 36,554 ¥ 495,165 Total net financial cost ................................................... ¥ (16,543) ¥ 3 ¥ (16,540) Intersegment elimination .............................................. (5,677) — (5,677) Net financial cost for segment ................................ (10,866) 3 (10,863) Net financial cost for segment ................................ (5,744) (10) (5,754) Nissan Annual Report 2004 97 FINANCIAL SECTION