SUPPLEMENTAL NISSAN NEWS From: Corporate Communications Dept.
A30-SN-8074 Date: October 1, 1998
Nissan To Show Appraisal Loss of Its Marketable Securities
This is to announce that Nissan Motor Co., Ltd. has come in with the following appraisal loss of its marketable securities because of a fall in the stock market as of the end of the first half of the current fiscal year ending in March 1999, and that the loss is to be listed under special losses in statements of income.
The company uses the glower of cost or market value methodh to evaluate the kinds of marketable securities that are subject to the market.
The company will announce a revised estimate of its financial results for the first half as soon as it puts together the figures.
millions of yen
|
(A) at the end of |
Appraisal loss of marketable securities |
75,961 |
|
(B) FY97 |
Total assets ( A/B x 100 ) |
3,661,093 ( 2.1%) |
|
(C) FY97 |
Ordinary income ( A/C x 100 ) |
57,707 (131.6%) |
|
(D) FY97 |
Net income ( A/D x 100 ) |
16,548 (459.0%) |
Notes: FY98 means the fiscal year ending in March 31, 1999.
FY97 means the fiscal year ended in March 31, 1998.
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Contact: Foreign Media Section
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