HIGHLIGHTS LETTER FROM CEO/COO EXECUTIVES PERFORMANCE WHO WE ARE OUR WORK OUR WORLD FINANCIAL SECTION CORPORATE DATA Contents Vision Mission This Annual Report contains forward-looking statements on Nissan’s future plans and targets, and related operating investment, product planning and production targets. Please note that there can be no assurance that these targets and plans will actually be achieved. Achieving them will depend on many factors, including not only Nissan’s activities and development, but on the dynamics of the automobile industry worldwide and the global economy. Nissan: Enriching people’s lives Nissan provides unique and innovative automotive products and services that deliver superior measurable values to all stakeholders* in alliance with Renault. *Our stakeholders include customers, shareholders, employees, dealers, suppliers, as well as the communities where we work and operate. This Annual Report presents financial results for the fiscal period ending March 31, 2005. The report also provides shareholders with insight to Nissan’s management team. Through one-on- one interviews, various members of executive management, including Carlos Ghosn, President and Chief Executive Officer, discuss the philosophy and direction of Nissan. http://www.nissan-global.com/EN/COMPANY/ Corporate Information http://www.nissan-global.com/EN/IR/ IR Information http://www.nissan-global.com/EN/PLAN/ Environment, Design, Safety and Technology Information http://www.nissan-global.com/EN/GLOBAL/ Product Information (by Country) http://www.nissan.co.jp/ Product Information (Japan) http://www.nissan-global.com/EN/COMPANY/CITIZENSHIP/ Corporate Citizenship Information Our Websites Financial Highlights 1 Letter from the President and CEO 2 Letter from the COO 4 Executives 5 Performance 6 Who We Are 16 Our Way 18 Automobiles 22 Sales Finance 28 Industrial Machinery  and Marine Business 30 Renault-Nissan Alliance 31 Our Work 32 Planning 34 Brand 37 Design 38 Marketing 40 Communications 43 Technology 44 Purchasing 48 Quality 49 Manufacturing 50 Control 53 Finance 54 Human resource 56 Our World 58 Japan 60 Europe 61 North America 62 China 64 General Overseas Markets 66 Financial Section 68 Corporate Data 106 Subsidiaries and Affiliates 106 Corporate Officers 109 Corporate Citizenship Activities http://www.nissan- global.com/EN/ COMPANY/ Fact File http://www.nissan- global.com/EN/ IR/LIBRARY/FF/ Annual Report http://www.nissan- global.com/EN/ IR/LIBRARY/AR/ Sustainability Report http://www.nissan-global.com/ EN/COMPANY/CSR/ LIBRARY/SR/ Environmental Report http://www.nissan- global.com/EN/ ENVIRONMENT/ LIBRARY/ER/