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Change Managemnet

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Submitted By brijesh81
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Overview of Operations

The Nissan Revival Plan
Success Ahead of Schedule

First announced in October of 1999, the Nissan Revival Plan (NRP) went into action in April, 2000. Today, as it comes to its end, the NRP legacy is nothing less than a new Nissan. One that is profitable; one that is more efficient; one offering widely enhanced products and services; one that has created a new sense of excitement for employees, customers and other stakeholders. One full year ahead of schedule, the NRP has produced the best financial results in the company’s history.
When the NRP was first announced, Nissan’s executive committee announced three bold commitments; if any of these were not met, the members promised to resign:
• A return to net profitability in fiscal year 2000
• A minimum operating income to sales margin of 4.5 percent by fiscal year 2002
• Consolidated net automotive debt reduced to less than ¥700 billion by fiscal year 2002
Every one of these core commitments has been met—a full year ahead of schedule.
Net profitability was achieved in the first year with net after-tax profits of ¥331.1 billion. This then grew in fiscal year 2001 to ¥372.3 billion—the highest yearly profit in the company’s history.
The operating margin had already reached 4.75 percent by the end of the first year of the NRP; at the end of 2001 this had risen to a remarkable 7.9 percent— the highest in the company’s history.
Consolidated automobile debt has been reduced to just ¥431.7 billion by the end of 2001—the lowest level in 24 years.

Every one of these core commitments has been met—one full year ahead of schedule

4

Nissan Annual Report 2001

Fiscal year 2001 Consolidated Net Income

372.3
Billions of yen

Fiscal year 2001 Consolidated Operating Margin

7.90
%

Fiscal year 2001 Consolidated Net Automotive Debt

431.7
Billions of yen

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