FY

2024 Fin

an

c

ia

l Res

u

ltsN

ew Rec

o

very PlanMay13,

2025FY2024Financial

ResultsFY2025

OutlookNet

income-670.9

BFY2024SummaryNet

revenue12,633.2

B-0.4%yearover

yearOperating

profit69.8

B-87.7%yearover

year3Full

YearQ4(Thousand

units)3,4423,346FY23FY247946974611,3033515354841,262361541vs.

FY23China-12.2%Japan-4.8%NorthAmerica+3.3%Europe-2.9%Others-1.2%ExcludingChina:+0.0%-2.8%1,002950FY23

Q4FY24

Q4vs.

FY23China-19.2%Japan-9.8%NorthAmerica+5.5%Europe-3.5%Others-3.4%ExcludingChina:-0.6%-5.2%2472001333641131401483451171454FY24RetailSales

Results5Net

RevenueOperating

Profit(OP

margin)CAPEXNet

Income**Netincomeattributabletoownersoftheparent

Liquidity

Status(as

of

March

31,

2025)Autocashandcashequivalent:2,159.8billion

yenUnusedcommittedcreditlines:2,112.5billionyenFreeCash

FlowNet

CashNet

RevenueOperating

Profit(OP

margin)12,685.7

12,633.2568.7(4.5%)69.8(0.6%)426.6-670.911,523.9

11,371.21,546.01,498.4ConsolidatedAutomobile&

EliminationsFY23FY24(Billion

Yen)R&D323.0-242.8260.0(2.3%)-215.9(-1.9%)486.1577.3609.9619.0FY24Financial

PerformanceFY24Q4YTDActualvs.Previous

Year568.7+

36

.4-

135.169.8+

13.6 -

299.9-

106.0(Billion

Yen)FY23ForexRawMaterialsSalesPerformanceMonozukuriCostInflationOthersFY24-

7.9OperatingProfitVariance

AnalysisVolume/

Mix-111.8Manufacturing+8.1Monozukuri-79.9Sales

Finance-13.1Regulatory

/-177.5Product-6.3Other-26.1-Credit

loss-25.6After

Sales-2.2EnrichmentLogistics+6.0-

Others+12.5Others-8.3R&D+7.1Remarketing-57.0Others-22.8Others-65.0FY24Q4QTDvs.Previous

Year90.3 +5.0 -9.9-85.6+51.6+0.3-45.95.86BreakdownIncentives/PricingFY

2025Ou

tlo

o

k2,4366653,1013,000FY24ActualFY25Outlookvs.

FY24Global-2.9%China-18.2%Japan-0.2%NorthAmerica-0.2%Europe-0.3%Others+6.6%3,3463,250FY24ActualFY25OutlookChinaExcludingChina6975704601,3003505704611,303351535Retail

SalesProduction

Volume(Thousand

units)ExcludingChina:+1.1%FY25VolumeOutlook(beforetariff

impact)8FY25Outlookvs.FY24

ActualFY24ForexRawSalesPerformanceMonozukuriActual Materials CostInflation OthersFY25Outlook before

Tariff -5.0Manufacturing+40.0Monozukuri-125.0Credit

loss-5.0+65.0Logistics+25.0Other-20.0Remarketing+35.0R&D0.0Others-74.8Others+95.0-

120.0+

60.0+

160.0-

44.80.0+

20

.0-

145.069.8(+

0.6%)OperatingProfitVarianceAnalysis(beforetariff

impact)(Billion

Yen)9BreakdownVolume/MixIncentives/PricingUSTariff

ExposureExposureExportfromMexico~300kunits(Versa,Sentra,Kicks,QX50,

QX55)ExportsfromJapan~120k

units(Ariya,Armada,LEAF,QX80,Rogue,

Z)MitigationMeasuresPrioritizeretailsalesofUS-assembled

modelsFurtherleverageUSproduction

capacityRogue:maintain2-shiftoperationin

SmyrnaStrategicproductionallocationShiftsometariff-affectedmodelstoothermarketsinlinewithcustomer

demandClose

collaboration

with

suppliers

on

mitigation

plansFuturelocalization

studiesLessthan45%oftotalUS

salesEstimatedFY25grossimpact(before

mitigation)-450BTariffmitigationexpectedin

Q1~30%1011FY25

Q1Outlook(IncludingTariff

Impact)2,750.0-200.0-7.3%145159-550.0FY24ActualFY25OutlookVariancevs

FY24Net

Revenue12,633.212,500.0-133.2Operating

Profit69.8TBD-OP

Margin0.6%TBD-Net

Income*1-670.9TBD-FXRate(USD/

JPY)153145-8(EUR/

JPY)164159-5Auto

FCF-242.8TBDDividend0

yen0

yen*1:Netincomeattributabletoownersofthe

parent(Billion

Yen)FY25

Outlook12TotalLiquidityAvailable~

3.4TInternalLoan

fromAutotoSalesFinanceCash

&Cash

EquivalentFY24

EndAuto

DebtFY25MaturitiesFY25Re-financingFY25

EndAuto

Debt~

1.9T~-

0.7T~1.6T

to1.8TUnusedCredit

Lines*~

2.1T2.2T1.3T~+0.4T

to+

0.6TAuto

Segment(Yen)0.6T1.5TUnusedSecuritizationLinesUnusedCommitmentLines*UnusedsecuritizationlinesarerelatedtoSales

Finance.UnusedcommitmentlinessplitintoAutoBusiness~600BandSalesFinance~

900BNissaninPossessionofAmpleLiquidity

ResourceFY25

-26

14Current

StatusRisingvariable

costsCostofsales/

unitFY23Q1FY23Q2FY23Q3FY23Q4FY24Q1FY24Q2FY24Q3FY24Q4*Ratioscalculatedasnet

salesSG&Acost/

unitConsolidated

salesPer/

unitSG&A*Per/unitcostof

sales*FixedcostsremainhigherthancurrentrevenuecansupportFY25netrevenuetoremain

flatRealityRevisited:AGrounded

PlanSelfimprovementat

speedProfitabilitywithless

relianceonvolumeMust

Ensure:ChallengesCost

structureMarket

uncertainty15Positiveautooperatingprofit&freecashflowby

FY26KeyDrivers2Reduce

coststructureRedefinemarketandproductstrategyReinforcepartnerships13RealityRevisited:AGrounded

Plan16ReduceCostStructure18Note:Allamountsin

yenRevisitedCost

Targets>300Bby

FY26~

100Bby

FY26350Bby

FY26200Bby

FY26Announcedvsthe

ArcRevisited

Targetvsthe

Arct250Bby

FY26250Bby

FY26Revisited

targetvsFY24

actuals**VariableCostFixedCost**FY26forexassumptionat140

yenFor

referenceTargetingsavingsto

total500BVsFY24

actualsVariableCostReduction

20Efficiency

EffortsAchieveengineering

andcost

efficienciesCostReduction:

250BInitiateVariableCostTransformation

ProgramRethinksupply

chainChallengeinternal

standardsIncreaseefficiency:moreforfewNote:Allamountsin

yenTarget10%Over3

yearsFY24FY26Inflationetc.Costreduction250BFY2721Rapid-Response

TeamTdCtransformationofficeledbyChiefof

TdCUpto300expertsfromR&D,Purchasing,Manufacturing,

TCS

andCost

ControlPausesomeadvancedandpos-tFY26projectstoreassign3,000employeesforTdCreduction;utilizenewshorteneddevelopmentprocesstoensurenoimpactonstartof

productionExecutive

CommitteeChiefofTotalDeliveredCost

TransformationCommoditiesActivitiesExteriorInteriorSeatLampHarnessPWT

partsTireADASNissanstandard/spec

updateSupplierstandardparts

utilizationNumberofsuppliersperpart

consolidationParts/colordiversity

reductionChinapartsbenchmark&

utilizationIntermediateinventory

reduction+VehicleprojectaxisR&DCorporate

ExecutivePurchasingCorporate

ExecutiveManufacturingCorporate

ExecutiveFull-supportFixed

Cost

Reduction

Restructure

ManufacturingConsolidatevehicleandpowertrainplants

globallyReformjobsandadjust

shiftsReducecapitalexpendituresandrefine

efficienciesFY243.5MConsolidated

Plants(excluding

China)2.5M70%From17plantsto10by

FY27ByFY26ByFY270.2M0.8MCapacityutilization

ratio*>100

%Partner0.4M□

0.5MFY27*Harbourreport

baseFlexibility23ReduceWorkforce&

ExpenditureExpense

ReductionReducelaborcostand

expensesExpandsharedservicesAchievemarketing

efficiency*includescontractual

workforces(contract/temporary)FY27TotalTarget20,000*FY24-26RevisedTarget15,500FY24-26OriginalTarget9,00065%

Manufacturing18%

SG&A17%

R&DGlobal

Workforce24Revamp

DevelopmentRationalize

globalR&D

resourcesCostof

engineering20%workforce

averagecostper

hourGlobalplatforms7FY3513FY24-46%Complexity70%reductionofparts

complexityAll-newNissanSkylineAll-newGlobalCSUVAll-newINFINITICompact

SUVInitial

modelsDevelopment

speed30-monthdevelopment

timeFY32925Rigorous

Implementation3-month

sprintFY25FY26FY27:

Kickoff:Completionof

action:P&L

impactGradual

DeploymentWorkforcereductionVehicleplantconsolidationPowertrain

plantconsolidationQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Revampdevelopment

FixedcostExpenseoptimizationReduction/Consolidation@7

plantsVariablecost250BVariableCostTransformationImpactofplantconsolidation

actions26Redefined

StrategyN.

AmericaMexicoJapanEuropeChinaOthersSegment

coverageFrameDONGFENGNISSAN(Leveragefor

exports)MitsubishiMotorsDCBRenaultGroupRenaultGroupA/KeiMitsubishi

MotorsRenault

GroupNissan-developedmodelsDevelopment

StrategyFocusoncoresegmentsinkeymarkets,supportedbypartnersinother

regionsUtilizeNissan&partnerdevelopedmodelsforother

marketsExplorebusinesscollaborationinthe

USCoveredbyoneoftheabovedevelopmentapproachesPartner-developed

modelsJointlydeveloped

models28EuropeCoremodels+

partnershipTargetB&C

SUVsFlexiblepowertrainstrategyfor100%

electrificationLeverageRenaultandChinapartnershipsMiddle

EastProfit&competitive

entryFocusonlarge

SUVsLeverageproductsfromChinaOptimizeentrycosts

withpartnersChinaAccelerate

exportsSustainvolumewith

NEVsLeveragelocalmodelsfor

exportsProofofConceptfortechpartnershipsIndia/

ASEAN

/

OceaniaMinimalinvestmentfor

sustainabilityPartnerwithRenault,MitsubishiMotorsand

ChinaLeverageIndiaforexportsMaintainprofitableASEANpr

esenceJapanHomemarket&brand

showcase>100kunitmodelsw/

exportsRaiseaveragelineup

pricingExpandmodel

coverageKeicarsthrough

partnershipMexico/

LATAMRegionalhubwith

exportsEnsureprofitandgrowthCore:1-tonpickup&B

-segmentLeverageChinaandIndia

productsOptimizeentrycosts

viaplatforms/

partnersUnited

StatesCoremodelfocustoboost

revenue/unitFocus

on

core(C/

D/

F)

segmentsLeverageNissanXINFINITI

synergyHEV/

e-POWER

forrevenue;

PHEV/

EV

forstrategyAlignEVinvestmentwithmarket

paceUtilizepartnershipsfor

coverageKeyMarket

Strategy29CoreVolumeandprofitorientedmodels:

RetentionHeartbeatIconicbrandname-platesrepresentingNissan

DNAGrowthFuture

market

growth

models:

ConquestPartnershipPortfolio-complimentingmodelsKeyProduct

Strategy30ChinaWithDongfeng

NissanLocaldevelopmentand

productionN7andFrontierPro

exportMore

NEVsIndiaWith

RenaultJointdevelopment&

productionOEM-in:

B- 26)C-ASEAN/

OceaniaWithMitsubishi

MotorsOEM-OEM-in(Australia):

Pick-ExploreOEM-outfor

EVEuropeWith

RenaultOEM-OEM-in:

A-seg.JapanWithMitsubishi

MotorsKeicar(ICE/EV):JointdevelopmentandproductionUnited

StatesWithMitsubishi

MotorsOEM-OEM-out:LEAF

dUSSUV:Explorejointinvestmentand

productionExplore

U.S.

business

collaboration

toadapttoevolvingmarket

environmentStrengthencollaborationinEurope,India,andLatin

AmericaLCVcollaborationinvarious

marketsCollaborateonPick-up&EVBattery

sharingExplorevehicle

intelligenceand

electrificationComplementThrough

Partnerships31Results

-

OrientedTeam33Re:NissanManagement

OfficeVariableCost

(TdC)Fixed

CostTopline

GrowthASEANAMIEOAmericasJapanLeaderSponsorActivitiesRegional

LeaderR&DMFG MFG/AFL G&AFMIM&SGlobal

RegionsCommodities+VehicleprojectsR&D TCS MFG AFLSteering

CommitteeChairedby

CEOChina

ExportPortfolioGrowthAccelerationAfter

SalesDistributionVMEFMI1.ReduceCost

StructureRedefine

Market&Product

StrategyReinforce

PartnershipsAppendix35Operating

Profit(OP

margin)CAPEXNet

Income**Netincomeattributabletoownersofthe

parentNet

CashNet

RevenueOperating

Profit(OP

margin)Net

Revenue3,514.3 3,490.090.3(2.6%)5.8(0.2%)101.3-676.0FreeCash

Flow226.2196.3173.0164.13,215.03,175.5FY23

Q4FY24Q4(Billion

Yen)R&D263.918.8(0.6%)141.2-65.4(-2.1%)1,546.01,498.4FY24Q4Financial

PerformanceConsolidatedAutomobile&

Eliminations361,213.21,350.01,500.91,330.71,546.01,403.81,364.11,241.01,498.4FY22FY23FY23FY23FY23FY24FY24FY24FY24Q4Q1Q2Q3Q4Q1Q2Q3Q4109.53784.4-12.1141.2-302.8FY23FY23FY23FY23FY24FY24FY24FY24Q1Q2Q3Q4Q1Q2Q3Q4-58.4-145.6263.9(Billion

Yen)FY24fullyearFCF:

-242.8BContinuingtomaintainhealthylevelsofnet

cashAuto

Net

Cash AutoFreeCash

Flow(Billion

Yen)AutoNetCash&

FCFFY23FY24VarianceNet

Revenue12,685.712,633.2-52.5Operating

Profit568.769.8-498.9OP

Margin4.5%0.6%-3.9

pointsNon-Operating*1133.4140.4Ordinary

Profit702.2210.2-492.0Extraordinary*2-102.9-623.8ProfitBefore

Tax599.2-413.6-1,012.8Taxes-149.7-246.5Minority

Interest*3-22.9-10.8Net

Income*4426.6-670.9-1,097.5FXRate(USD/

JPY)145153+8(EUR/

JPY)157164+738FY23

Q4FY24

Q4Variance3,514.33,490.0-24.390.35.8-84.62.6%0.2%-2.4

points71.745.0162.050.8-111.3-4.6-558.0157.5-507.2-664.7-35.9-169.4-20.20.5101.3-676.0-777.3149153+4161161-1*1:Includesprofitincompaniesunderequitymethodof113.5billionyeninFY23YTDand91.3billionyeninFY24

YTD*2:Includeslossrelatedtolitigation(41.0billionyen)andimpairmentloss59.0billionyeninFY23YTDand494.9billionyeninFY24

YTD.*3:Netincomeattributabletonon-controlling

interests*4:Netincomeattributabletoownersofthe

parent(Billion

Yen)FinancialPerformance+13.6-299.9-7.9-106.0-135.169.8FY24Q4YTDvsPreviousYear568.7 +36.4-7.5Manufacturing+14.3

Monozukuri+

1.2-67.5Regulatory

/Product

Enrichmen-6.2

Other-0.5Volume/MixSellingExp/PricingAfter

Sales-6.4

Logistics+

2.5+7.3Sales

Finance-7.0 -Credit

loss-Others+1.7Others-4.2

R&D+

17.1Remarketing-6.2Others+

23.9Others-40.9FY24Q4Actualvs.Previous

Year90.3+

5

.0-

85.6+

51.6-

45.95.8-

9.9+

0.3FY23Q439ForexRawMaterialsSalesPerformanceMonozukuriCostInflationOthersFY24Q4(Billion

Yen)BreakdownOperatingProfitVariance

Analysis32.6%BankLoans24.0%Bonds10.9%Equity18.1%FundingSources(asofMar2025)TotalFundingAmount:9,512Billion

YenCommercialPaper&Other14.4%Asset

BackedSecuritiesExcludingone-timeaccountingadjustmentofFY23,profitsareslightlyloweryearoveryear.Foreignexchangebenefitoffsetbyhighercreditlossesandhigherfunding

cost.(FY24NetCreditLossesarecomparabletoindustry

average)Assetsdecreasedyearoveryearmainlyduetoforeign

exchangeDiversifiedfundingsources,strongliquidityandequity

positionNet

RevenueOperating

ProfitPenetrationTotal

AssetsFY23 FY24(Billion

Yen)Net

CreditLoss

Ratio10,375.9

10,145.61,161.81,262.147%45%0.45%0.63%308.7285.6one

timeaccountingadjustment17.240Sales

Financing30% 30%36% 36%28%27%47%51%25%24%26%27%38%47%15%3%FY23FY24FY23FY24FY23FY24FY23FY24FY23FY24NFS:NissanFinancialServices,salesfinancecompanyin

JapanNMAC:NissanMotorAcceptanceCompanyLLC,salesfinancecompanyinUSNCF:Salesfinancingdivisionof

NissanCanadaInc.NRFM:NRFinanceMexico,salesfinancecompanyinMexicoDNAF:DongfengNissanAutofinancecompanyinChinaDNFL:DongfengNissanFinancialLeasingin

ChinaNFSNMACNCFNRFMDNAF/

DNFLLeaseRetail4135%5%35%5%62%63%66%74%49%2%53%2%40%27%Penetration42LeaseRetailTotalLeaseRetailTotalLeaseRetailTotalLeaseRetailTotalFY230.02%0.06%0.05%0.07%0.69%0.45%0.01%0.07%0.04%0.78%0.52%0.56%FY240.02%0.06%0.06%0.43%0.91%0.74%0.04%0.14%0.09%1.20%0.80%0.89%Variance0.00pt0.00pt+0.01pt+0.36pt+0.22pt*1+0.29pt+0.03pt+0.07pt+0.05pt+0.42pt+0.28pt*2+0.33ptNFSNMACNCFDNAF/

DNFLNFS:NissanFinancial

Services(Japan)NMAC:NissanMotorAcceptanceCompany

LLC(US)NCF:SalesfinancingdivisionofNissanCanada

Inc(.Canada)DNAF:DongfengNissanAutoFinance(China)DNFL:DongfengNissanFinancialLeasing

(China)*1NMAC:Duetousedcarpricedecreaseandhigherdelinquencyin

US*2DNAF/DNFL:Duetosignificantlylowerassets(drivenbylowerretailsalesandpenetration)andhigherdelinquencyin

ChainNetCreditLoss

Ratio43NFSNMACNCFNRFMDNAF/

DNFL(Billion

JPY)(Million

USD)(Million

CAD)(MillionMXN)(Million

CNY)AssetOPAssetOPAssetOPAssetOPAssetOPFY231,444.831.639,1881,0476,795216102,1324,47847,4682,263FY241,536.932.939,7748907,741217126,6704,89235,1121,210Variance+92.1+1.3+585-157

*1+946+1+24,538+414-12,356*-1,053NFS:NissanFinancial

Services(Japan)NMAC:NissanMotorAcceptanceCompany

LLC(US)NCF:SalesfinancingdivisionofNissanCanada

Inc(.Canada)NRFM:NRFinanceMexico

(Mexico)DNAF:DongfengNissanAutoFinance(China)DNFL:DongfengNissanFinancialLeasing

(China)2*1NMACOP:Excludingone-timeaccountingadjustmentof122MUSDinFY23,profitloweryearoveryearby35M

USD*2DNAF/DNFLOP:Lowermainlyduetosignificantassetsdecrease

drivenbylowerretailsalesandpenetrationOperatingProfit&

Asset20.1221.1016.35(15.47)18.80(15.68)4.534.5819.36(16.02)17.12(15.49)24.7525.1484.5487.30FY23FY24vs.

FY23China+1.6%+1.0%JapanNorthAmerica(US)□

3.0%(+

2.2%)Europe(Excl.

Russia)□

4.7%(+0.1%)Others+4.8%+

3.3%ExcludingChina:□

3.9%*NissanestimationforTIVincludesChinalocalbrandsand

LCVTIV(Million

units)(Thousand

units)3,4423,346

FY23FY247946974844611,2621,303(916)(938)361351541535vs.

FY23China-12.2%Japan-4.8%NorthAmerica(US)+3.3%(+2.5%)Europe-2.9%Others-1.2%ExcludingChina:+0.0%-2.8%Retail

Volume44FY24Sales

Performance4.965.324.24(4.05)4.53(3.78)4.70(3.91)4.34(4.02)1.138.21China+10.3%1.29Japan+13.6%7.4423.85FY23

Q4FY24

Q4vs.

FY23NorthAmerica(US)+3.6%(+3.4%)Europe(Excl.

Russia)□

2.4%(-0.7%)Others□

7.3%+

6.9%22.30ExcludingChina:□

5.3%*NissanestimationforTIVincludesChinalocalbrandsand

LCV(Million

units)(Thousand

units)1,002950FY23

Q4FY24

Q4Chinavs.

FY23-19.2%Japan-9.8%NorthAmerica+5.5%(US)(+5.7%)Europe-3.5%Others-3.4%ExcludingChina:-0.6%-5.2%247200148133345364(253)(267)11711314514045FY24Q4QTDSales

PerformanceTIVRetail

Volume2,9032,9481,6271,6294,5304,577FY23FY24vs.

FY23Registered+1.6%Mini+0.1%189180295280484461FY23FY24vs.

FY23Registered

-5.0%Mini-4.5%(Thousand

units)Production285261440381725641FY23FY24vs.

FY23Export-13.5%Domestic-8.5%+

1.0%-4.8%-11.5%Retail

SalesTIVFY23

Q41,131747385FY24

Q41,286832454TotalRegisteredMini+13.6%+11.3%+18.1%FY23

Q41488760FY24

Q41338152TotalRegisteredMini-9.8%-7.0%-13.9%FY23

Q41731007346FY24

Q41588869TotalExportDomestic-9.0%-11.5%-5.6%Japan15,67916,0173,1213,33718,80019,354vs.

FY23Others+6.9%US

+2.2%+

3.0%9169383463651,2621,303vs.

FY23Others+5.5%US

+2.5%(Thousand

units)US-17.4%FY23FY24FY23FY24FY23FY24FY23

Q4FY24

Q4FY23

Q4FY24

Q4FY23

Q4FY24

Q44,5314,692Total+3.5%345364Total+5.5%322305Total-5.1%752786Others+4.5%9296Others+4.9%163171Others+5.0%3,7793,906US+3.4%253267US+5.7%158134US-15.5%6065006296781,2351,178vs.

FY23Others+7.8%-4.5%North

America47ProductionRetail

Sales+

3.3%TIV(Thousand

units)ProductionRetail

SalesTIV361351FY23FY24-2.9%1,63615,48587615,47016,34717,122FY23FY24vs.

FY23Russia

+86.8%Excl.Russia+0.1%+

4.7%FY23

Q4FY24

Q44,0514,024Excl.Russia-0.7%FY23

Q4FY24

Q4117113Total-3.5%FY23

Q4FY24

Q48173Total-9.7%325276FY23FY24-15.1%48Europe4914.216.510.68.7In24.725.1FY23FY24vs.

FY23Others+16.1%ternationa-17.9%PV

Brand+

1

.6%68760810789794697FY23FY24vs.

FY23Others-16.8%NissanBrands-11.5%-12.2%FY24

Q15.23.2FY25

Q17.15.1+36.5%+61.8%TotalOthersInternational

PV

Brand 2.1 2.0 -2.0%FY24

Q116719FY25

Q112115-27.5%-23.1%TotalOthersNissan

Brands 148 106 -28.0%(Million

units)ProductionRetail

SalesTIVFY24

Q1FY25

Q1169 117 Total -30.8%

780665FY23FY24-14.7%(Thousand

units)*Jan-DecforFullYear,Jan-Marfor

Q1ChinaFY24FY24

Q4(Thousand

units)3643371,3411,3034744392,7862,657FY23FY24vs.

FY23Japan-7.4%NorthAmerica-2.8%Europe-7.4%-4.6%154132Asia-13.9%4436Asia-17.5%454446Others-1.8%118115Others-2.9%111108370353125119768731FY23

Q4FY24

Q4vs.

FY23Japan-5.3%NorthAmerica-4.5%Europe-2.2%-4.8%ConsolidatedSalesVolume50USD144.6152.697.2MXN8.87.518.3MXN8.48.028.7USD148.6152.612.7GBP181.7194.710.2INR1.81.80.6CAD107.2109.88.0EUR161.3160.60.1AUD95.199.67.1AUD97.795.7-0.6EUR156.8163.9-7.0ARS0.20.1-1.3BRL29.327.3-8.2TRY4.84.2-3.0EGP4.63.1-14.1BRL30.026.1-3.9THB4.14.4-14.4CAD110.2106.3-4.0ARS0.40.2-14.7THB4.24.5-4.1TRY5.54.5-21.5EGP4.33.0-4.2CNY19.821.0-28.1CNY20.421.2-5.3Others-----6.9Others-----0.3Total----36.4Total----5.051CurrencyFY23RateFY24RateOP

Impact(Billion

Yen)CurrencyFY23

Q4RateFY24

Q4RateOP

Impact(Billion

Yen)OperatingProfitVarianceAnalysis

Forex52Incentives*3/Incentives*3/PricingOthersTotalPricingOthersTotalJapan+9.8+2.4+12.2+1.4+3.9+5.4US-171.4-19.6-191.0-71.4+6.3-65.2Europe-83.5+11.4-72.1-15.6+7.4-8.3MEX/

CAN-20.0-3.4-23.4-7.9+0.6-7.4Others+92.9+3.9+96.8+2.7+5.3+7.9Total-172.2-5.3-177.5-90.9+23.4-67.5Volume*1MixIncentives*2TotalVolume*1MixIncentives*2TotalJapan-4.7+2.2+2.0-0.5+0.3+0.1+0.1+0.5US-85.3-27.9+19.8-93.3-31.1+22.3-6.9-15.7Europe-35.