Nissan East HD Research Memo (12): The goal is to maintain a payout ratio in the 30% range according to performance for Dividends.

■Shareholder Return Policy 1. Dividend Policy Nissan Tokyo Sales Holdings <8291> recognizes that returning profits to shareholders is one of the important management challenges and aims to maintain a payout ratio of over 30% while considering internal reserves to ensure growth. A fundamental policy is to strengthen shareholder returns by implementing flexible responses based on performance. Therefore, the annual dividend for the fiscal year ending March 2025 is set at 24.0 yen, the same amount as the previous fiscal year (including the special year-end dividend of 2.0 yen).

Fisco JapanDec 18 15:22

Nissan East HD Research Memo (11): Developing key initiatives based on the premise of "CASE".

■ Nissan Tokyo Sales Holdings <8291> Medium-Term Management Plan 3. Key initiatives of the medium-term management plan The medium-term management plan is progressing smoothly, with a continued policy to run three key initiatives: electrification leadership, safety and driving assistance technology, and mobility business. To this end, there are plans to also enhance the store network that serves as the foundation for these key initiatives. (1) Electrification Leader The electrification leader means leveraging strengths as a pioneer of electric vehicles (EVs), to create an emotional experience for those driving electric vehicles.

Fisco JapanDec 18 15:21

Nissan East HD Research Memo (10): Continuing to provide the universal value of driving, such as the joy of mobility ETC.

As the concepts of 'CASE' and 'MaaS' spread, there is an increasing awareness in society regarding Carbon Neutrality, a shift among customers in their thinking about Automobiles from ownership to Share and lease options, a transition in the purchasing process from in-store to online, and accelerated changes in the business environment surrounding the company due to factors like population decline and diverse working styles.

Fisco JapanDec 18 15:20

Nissan East HD Research Memo (8): Promoting initiatives for sustainable growth.

■ The performance trends of Nissan Tokyo Sales Holdings <8291> 3. Topics (1) Store network investment In the second quarter of the fiscal year ending March 2025, investments in stores were accelerated by executing renovations and new relocations of four stores: Higashi-Fushimi store (April 2024), U-Car Hiroba Kagahama store (September of the same year), Higashi-Hachitakada store (August of the same year), Renault Nerima and Alpine Center Nerima (October of the same year), actively promoting the optimization of the store network. Recently, renovations due to relocations or rebuilds.

Fisco JapanDec 18 15:18

Nissan East HD Research Memo (5): Strengths in EV sales, customer base, network, and BEST Inc practices.

In the era of "CASE" and "MaaS", the company has a competitive advantage as a frontrunner in the comprehensive mobility business.

Fisco JapanDec 18 15:15

Nissan East HD Research Memo (4): Sales are centered around new cars, and profits show a good balance among the businesses.

■ Overview of Nissan Tokyo Sales Holdings <8291> 1. Business Description The sale of the Tokyo Nissan Computer System has made the company a single segment in the Automobile-related business. This business provides one-stop services related to car life, primarily focusing on electric vehicles, and is subdivided into new cars, used cars, maintenance, income commissions, and other businesses, including personal leasing. Among these, the new car business accounts for more than half of the revenue, but the profit from sales has a balanced revenue structure across each business.

Fisco JapanDec 18 15:14