text: **Net Income**
  
  Net non-operating expenses totaled ¥5.5 billion, ¥9.7 
  
  billion lower than last year. This was primarily due to a ¥5.3 
  
  billion decrease in financial costs and a ¥5.3 billion 
  
  increase in equity in earnings of unconsolidated 
  
  subsidiaries and affiliates, thanks mainly to Renault. Net 
  
  extraordinary losses totaled ¥62.5 billion, ¥10.7 billion 
  
  lower than last year, mainly due to the sale of the site of 
  
  the former Murayama plant. Net income before taxes came 
  
  to ¥793.2 billion. Income taxes totaled ¥258.0 billion, with 
  
  an effective consolidated tax rate of 33 percent. Minority 
  
  interests amounted to ¥22.9 billion, mainly from Yulon 
  
  Nissan Motor. As a result, net income reached ¥512.3 
  
  billion, an increase of ¥8.6 billion. 