Operating income............................................................... 677,348 59,882 737,230
Operating income as a percentage of net sales......... 10.5% 15.1% 10.8%
Net financial cost................................................................ (16,543) 3 (16,540)
Income before income taxes and 
minority interests.............................................................. 634,818 59,806 694,624
Net income............................................................................... ¥ 458,611 ¥ 36,554 ¥ 495,165
Total net financial cost................................................... ¥ (16,543) ¥ 3 ¥ (16,540)
Intersegment elimination.............................................. (5,677) — (5,677)
Net financial cost for segment................................ (10,866) 3 (10,863)
Net financial cost for segment................................ (5,744) (10) (5,754)
FINANCIAL SECTION
Nissan Annual Report 2004 97