YNM — Interim / Quarterly Report 2018

May 29, 2018

(股票代號:2227)

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裕隆日產汽車股份有限公司

2018年05月29日

All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission.

Confidentiality classification : Unclassified

免責聲明

1. 本文件係由裕隆日產汽車股份有限公司（以下簡稱「本公司」）所提供，除財務報表所含之數 字及資訊外，本文件所含資料並未經會計師或獨立專家審核或審閱，本公司對該等資料或意見 之允當性、完整性及正(準)確性，不作任何明示或默示之聲明與擔保。本文件所含資料僅以提供 當時之情況為準，本公司不會就本文件提供後所發生之任何變動而更新其內容。本公司及關係 企業及各該負責人，無論係因過失或其他原因，均不對因使用本文件或其內容所致之任何損害 負任何法律責任。

2. 本文件可能包含本公司對未來可能發生之業務活動、事件或發展之陳述，而該等陳述係基於本 公司對未來營運之假設，及/或種種本公司無法控制之政治、經濟、市場等因素所做成，故實際 經營結果可能與該等陳述有重大差異。

3. 本文件不得視為買賣有價證券或其他金融商品之要約或要約之引誘。

4. 本文件之著作權歸本公司及/或本公司關係企業所有，本文件之任何部分不得直接或間接複製或 傳送給任何第三人，且不得為任何目的出版刊印本文件之全部或一部。

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P2 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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議程說明

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1
公司簡介
2
營運說明
3
主要發展策略
4
兩岸車市展望
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P3 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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1

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P4 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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裕隆日產汽車公司簡介

• 公司名稱：裕隆日產汽車股份有限公司

• 公司成立日期：2003年10月22日

• 董事長：嚴凱泰先生

• 總經理：李振成先生

• 資本額：30億新台幣

• 員工人數：431人(2018/04/30)

• 股權結構： 日產汽車

公開釋股 裕隆汽車

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P5 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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營運範疇

營運範疇

創新‧ 速度‧ 團隊

1.NISSAN 及 INFINITI 品牌在台灣除製造外之全價值鏈活動經營 2.與東風汽車有限公司共同發展大陸事業

NISSAN 及 INFINITI品牌在台 除製造外之全價值鏈活動經營

1 國內業務 2 海外投資

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40% 廣州風神汽車有限公司 (Plant) (年產能 : 廣州風神工廠 75萬輛 + 鄭 州工廠 35萬輛 +大連工廠 15萬輛 ) 16.55% 風神襄陽汽車有限公司 (Plant) （年產能 25萬輛） 33.12% 風神汽車有限公司 (Sales Co.) 45% 深圳聯友科技有限公司（IT） 49% 東風裕隆舊車置換有限公司 (Used Car）

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義展海外投資 股份有限公司 義華大陸投資 股份有限公司

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P6 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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公司願景

成為兩岸汽車產業「產品創新」與 「服務創新」的標竿企業。

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P7 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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INFINITI-進口豪華車

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Q30 Q50

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Q60
Q70
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QX30

QX50

QX60

QX70

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P8 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN-進口車

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JUKE

370 Z

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GT-R
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P9 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN-國產車

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SENTRA TIIDA
X-TRAIL
ALL NEW LIVINA
NEW MARCH
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ALL NEW TEANA

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P10 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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--

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INFINITI Q30 都會跑旅．豪華掀背
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P11 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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INFINITI 最新行銷活動：QX30上市

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QX30上市活動 QX30國家戲劇院展車 QX30媒體試駕
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QX30店頭上市活動 車主活動：當代傳奇劇場欣賞 QX30巡迴外展
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P12 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN -- X-TRAIL

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P13 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN -- SENTRA

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P14 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN -- MARCH

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P15 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN最新行銷活動：55生風專案

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P16 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN最新行銷活動：展間微型集客

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P17 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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- 最新保修活動 『雨季行車健檢』

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P18 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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『 - 最新保修活動 NISSAN 為你設享』專案

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詳情請見NISSAN官網
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P19 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN最新保修活動：紅利點數大Fun送

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紅利點數兌換

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P20 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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P21 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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2018年第一季合併綜合損益表

單位: 新台幣仟元

	2014	2014	2015		2016	2016	2017	2017	2018Q1	2018Q1
銷貨收入淨額	33,176,837	100.0%	33,218,394	100.0%	34,860,446	100.0%	33,221,774	100.0%	8,358,448	100.0%
銷貨毛利	4,321,661	13.0%	5,303,727	16.0%	5,061,230	14.5%	6,183,770	18.6%	1,661,383	19.9%
營業費用	3,536,563	10.7%	4,068,911	12.2%	3,859,193	11.1%	4,108,082	12.4%	1,232,519	14.7%
營業淨利	786,229	2.4%	1,234,816	3.7%	1,202,037	3.4%	2,075,688	6.2%	428,864	5.1%
稅前淨利	8,026,677	24.2%	4,999,687	15.1%	5,586,104	16.0%	8,003,421	24.1%	1,701,427	20.4%
所得稅費用	1,502,918	4.5%	833,786	2.5%	955,489	2.7%	1,360,921	4.1%	590,400	7.1%
稅後淨利	6,523,759	19.7%	4,165,901	12.5%	4,630,615	13.3%	6,642,500	20.0%	1,111,027	13.3%
每股盈餘(元)	21.75	─	13.89	─	15.44	─	22.14	─	3.70	─
現金股利(元)	30.0	─	12.5	─	22.0	─	21.0	─	─	─
現金發放率	137.9%	─	90.0%	─	142.5%	─	94.8%	─	─	─

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P22 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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2018年第一季合併資產負債表

單位：新台幣仟元

	2014	2015	2016	2017	2018Q1
流動資產	16,262,960	12,313,731	12,843,955	8,783,713	9,023,783
基金與投資	17,734,336	16,353,618	14,659,211	15,251,359	16,765,467
固定資產	42,387	95,288	94,878	92,768	85,160
其他資產	2,466,864	2,416,398	2,141,704	1,648,947	1,693,856
資產總計	36,506,547	31,179,035	29,739,748	25,776,787	27,568,266
流動負債	6,369,203	6,989,699	6,310,765	2,545,626	2,491,469
其他負債	3,206,832	2,234,158	1,874,640	2,036,537	2,526,115
負債總計	9,576,035	9,223,857	8,185,405	4,582,163	5,017,584
股本	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
資本公積	6,129,405	6,129,405	6,129,405	6,129,405	6,129,405
保留盈餘	16,384,208	11,523,312	12,387,086	12,440,237	13,559,312
股東權益其他調整項目合計	1,416,899	1,302,461	37,852	-375,018	-138,035
股東權益總計	26,930,512	21,955,178	21,554,343	21,194,624	22,550,682
每股淨值(元)	89.8	73.2	71.8	70.6	75.2

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P23 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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P24 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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公司經營策略

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以「互惠」為本的成本精實策略

以「創新」為本的銷售成長策略

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以「共享」為本的企業扎根策略

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P25 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Confidential
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強化競爭優勢

全球首發NREDI 2.1展間

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NISSAN Care APP

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愛車資訊 行車幫手
準時定保時間 中油油價
抵用券 國道路況
延長保固狀態 查詢
越修越便宜 儀表燈對照
圖資更新 呼叫道路救援
保修記錄
修改車主資料 我的紅利
提供車主專屬紅利精
品展示、查詢累積紅
愛車服務 利點數
服務活動相關說明
準時定保/越修越便宜…
預約保修
服務據點 即時預約選取時段、
服務廠、接待與技師
最新消息
車主快訊/品牌快訊 保修進度查詢
圖資更新/召修訊息 進 度/預計交車時間
首頁
收件匣 更多
活動訊息/個人訊息 中獎名單/設定/相關網路平台服務專線/意見反應
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NISSAN展間舒適服務

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IREDI 展間
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INFINITI APP

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INFINITI展間舒適服務

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客休室 活力餐點
商務區 獨立包廂
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P26 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Confidential
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智

行

科

技

Intelligent Driving 智能駕駛

Intelligent Power 智能動力

Intelligent Integration 智能整合

零碰撞 主要包含兩大類功能

• 行車安全科技

• 自動駕駛

功能舉例：

零排放

• HEV 系統 油電混和系統，透過動能和電能轉 換減少排碳

• EV 系統 e-Power

發展純電之電動車，更有效抑制碳 排放

整合

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• MID 行車資訊整合
汽車行駛狀況即時回報 )
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• CAR PLAY 汽車手機互聯

• Vehicle to building 汽車與建築物連結，包含充電、相 關物聯網資訊更新等

MOD: 移動物體偵測系統 Movinig Object Detection BSW: 盲點警示系統 Blind Spot Warning RCTA: 後方車側警示系統 Rear Cross Traffic Alert LDW: 車道偏移警告系統 Lane Depature Warning

透過安全科技、自駕科技 帶來更自信的駕馭樂趣

全電動車之動力配置，帶給駕駛創新、 興奮感受，更能帶來乾淨、更有效率 的用車環境

透過感應器、衛星、大數據整合行車路 況於未來達到完全自動駕駛輔助之境界

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P27 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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未 來

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現 在

、 、 、 、 全自動車及 等創新 透過感應器、衛星、大數據整 等多項高端安全科技 引擎科技 合行車路況，於未來達到 完全 自動駕駛 之境界。 、 、 及 最新之節能引擎及 造就 車機與手機之整合， 的 全時防護系統等 出一級油耗 智能駕駛 智能動力 智能整合

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P28 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Confidential
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油門誤
踩防制系統
行人
撞擊防護系統
° NISSAN 特色
移動物體偵測
全時防護系統
主動式車距維持
預警式防護系統
車道偏離警示系統
、 、 、 、
安、
四合一煞車系統等
P29 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Confidential
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企業社會責任

勞動部工作悠活獎

2017天下企業公民獎

ISO-14001 環境管理系統認證

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創新風雲賞 大自然嬉遊記

捐血活動

ELLE公益路跑

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P30 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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P31 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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台灣汽車市場銷售近況
50 銷售(萬輛) 銷售成長率 40%
29.6% 41.4 41.1 43.0 43.5 (43.0) 30%
40 36.8 37.0
35.5
20%
31.9 31.9
28.8
10%
30
15.5%
22.2 10.5% 12.0% 0%
-10.5%
4.3%
20 4.8% 1.0%
-0.9% -10%
-3.6% 14.6
-20%
10
-30%
-30.3%
0 -40%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
※市場銷售量不含重車 (1 月 ~4 月 )
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受惠於國際原物料價格走揚及電子產品出貨增溫，帶動出口增加，且民間消費維持溫和 。 成長，2017年台灣全年經濟成長率達2.86%

2017年台灣車市在政府汰舊換新政策補助及各品牌積極推出全新車款的帶動下，總銷量 達43.5萬台。今年1-4月車市雖較去年同期增長5%，但全年景氣預估持平，在預期舊換 。 新貨物稅補助政策效應將鈍化下，2018年台灣車市預估為43萬台(不含重車)

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P32 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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大陸汽車市場銷售近況

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中汽協1/29預估數字
(2,942)
銷售(萬輛) 銷售成長率
45.5% 2802.8 2887.9
2459.8
32.4% 2,349.2
2,198.4
1,806.2 1,850.5 1,930.6
21.8%
1,364.5
13.9% 13.9%
879.1 938.1 950.1
6.9%
4.7%
3.0%
2.5%
6.7% 4.3%
※市場銷售量包含乘用車及商用車 （1月~4月）
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※市場銷售量包含乘用車及商用車
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東風日產乘用車公司銷售近況

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1-4月實績
39.6 萬台
34.3萬台
15.4 %
2017年 2018年
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137萬台 125.1萬台 9.5 % 2017年實績 2018年目標 (不含英菲尼迪)

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P33 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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THANK YOU FOR YOUR ATTENTION

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P34
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All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission.

Confidentiality classification : Unclassified