18. AMOUNTS PER SHARE Basic net income per share was computed based on the net income available for distribution to shareholders of common stock and the weighted average number of shares of common stock outstanding during the year, and diluted net income per share was computed based on the net income available for distribution to the shareholders and the weighted average number of shares of common stock outstanding during each year after giving effect to the dilutive potential of shares of common stock to be issued upon the exercise of warrants and stock subscription rights. Amounts per share of net assets are computed based on net assets available for distribution to the shareholders and the number of shares of common stock outstanding at the year end. Cash dividends per share represent the cash dividends proposed by the Board of Directors as applicable to the respective years together with the interim cash dividends paid. a) Information regarding marketable securities classified as held-to-maturity debt securities and other securities as of March 31, 2005 and 2004 is as follows: 19. SECURITIES Nissan Annual Report 2004 87 FINANCIAL SECTION Yen U.S. dollars 2004 2003 2002 2004 For the years ended Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2005 Net income: Basic ...................................................................................................................................................................................... ¥125.16 ¥122.02 ¥117.75 $1.170 Diluted .................................................................................................................................................................................. 124.01 120.74 116.88 1.159 Cash dividends applicable to the year ................................................................................................................. 24.00 19.00 14.00 0.224 Yen U.S. dollars 2004 2003 2004 As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005 Net assets .................................................................................................................................................................................................................. ¥604.49 ¥493.85 $5.649 Marketable held-to-maturity debt securities Millions of yen Thousands of U.S. dollars Carrying Estimated Unrealized Carrying Estimated Unrealized Fiscal year 2004  (As of Mar. 31, 2005) value fair value gain (loss) value fair value gain (loss) Securities whose carrying value exceeds their fair value: Corporate bonds ......................................................................................................... ¥201 ¥201 ¥0 $1,879 $1,879 $0 Total ............................................................................................................................................... ¥201 ¥201 ¥0 $1,879 $1,879 $0 Millions of yen Carrying Estimated Unrealized Fiscal year 2003  (As of Mar. 31, 2004) value fair value gain (loss) Securities whose carrying value exceeds their fair value: Corporate bonds ......................................................................................................... ¥249 ¥249 ¥0 Total ............................................................................................................................................... ¥249 ¥249 ¥0