Nissan Annual Report 2004 11
PERFORMANCE
FOUR MAJOR BREAKTHROUGHS
Infiniti Global Tier-1 bBrand Light Commercial Vehicles (LCV)
Leading Competitive Countries (LCCs) Geographic Expansion
2,597
3,388
4,200
’01 ’04 ’08
Commitment
+791
+812
NISSAN Value-Up Sales Volume
(Units: 1000s)
THREE CRITICAL COMMITMENTS
Consolidated Operating Profit Margin
COP margin (%)
Top level 
operating profit margin 
among global automakers
1.4%
4.75%
7.9%
10.8%
10.0%
11.1%
NRP NISSAN
180
NISSAN 
Value-Up
’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07
Return on Invested Capital (auto)
(%)
ROIC
average of 20%
1.3%
7.5%
12.7%
19.8% 20.1%*
21.3%
NRP NISSAN
180
NISSAN 
Value-Up
’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07
*Same scope pf consolidation as P&L, excluding  
change of cash compared to fiscal year 2003
750
600
450
300
150
0
(Thousand units)
10
8
6
4
2
0
(% of consolidated operating margin)
187 203
182 234 312
434
+40%
-0.5%
3.3%
1.4%
3.6%
8.0%
4.0%
’00 ’01 ’02 ’03 ’04 ’07
Russia
Middle
East
Japan*China
Korea
Taiwan
North America
*Japan launch after NISSAN Value-Up
Russia
China
Egypt
India Thailand
Pakistan
EasternEurope
GulfCountrles
Hungary
Romania
Egypt India
China
Thailand
Vietnam Mexico
Mercosur