FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20071

April 26, 2007

Carlos GhosnPresident & CEO

FY06 Financial Results Nissan Value-Up Update

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20072

(billion yen)

Consolidated net revenue

Consolidated operating profit

Operating margin

FY06 financial performance

Net income

FY06

10,468.6

776.9

7.4%

460.8

FOREXRate

¥117.0/$¥148.2/€

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20073

Global retail sales

0

1,500

2,000

3,000

3,500

2,500

FY01 FY02 FY03

(tho

usan

d un

its)

FY06

FY06 sales performance

FY99 FY00 FY04 FY05

3,057

3,389

2,530

3,483-2.4%

2,597

2,771

2,633

3,569

NISSAN 180NRP NISSAN Value-Up

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20074

FY2006 2nd half

G35 sedanSentraAltima

Livina GenissADOttiPino

QashqaiAtlas 20

** launch eventsworldwide

10 new models

FY2006 1st half

Cabstar

* SOS basis** Apr.-Mar. basis

New product launches FY06 sales performance

91

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20075

Retail sales: Japan

0

200

400

800

1,000

842

(tho

usan

d un

its)

600

FY05 FY06

Industry TIV: 5.6 million (-4.1%)

Market share : 13.2% (-1.2 point)

FY06 sales performance

740-12.1%

Skyline

Pino

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20076

Industry TIV: 16.5 million (-3.4%)*

Retail sales: U.S.

0

300

600

1,200

1,500

1,035-4.0%*1,075

(tho

usan

d un

its)

900

FY05 FY06

Market share: 6.3%

FY06 sales performance

*adjusted to DSR (daily selling rate)

Versa

Altima

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20077

0

200

300

500

600540

-0.2%541

(tho

usan

d un

its)

400

FY05 FY06

Retail sales: Europe

Industry TIV: 20.6 million (+0.6%)

FY06 sales performance

Navara

Note

Market share: 2.6%

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20078

(tho

usan

d un

its)

Retail sales: General Overseas Markets*

GOM

*Including Mexico and Canada

0FY05 FY06

200

400

800

1000

600

1,168+5.1%1,111

FY05 FY06

China

297363

+22.2%

156

207

137

PV sales

LCV sales

160

FY06 sales performance

1200

TiidaLivina Geniss

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 20079

FY06 financial performance

Overseas subsidiaries* adjusted to “April-March” accounting period

Affected countries including; Europe, Mexico, Thailand and South Africa

MARFEBJANDECNOVOCTAUGJULJUNMAYAPRFEBJAN MAR SEP

Q1 Q2 Q3 Q4

March year-ending companies

+ + +Q1 Q2 Q3 Q4 = 12 months

December year-ending companies

+ Q5Q1 Q2 Q3 Q4+ + + = 15 months

Q1 Q2 Q3 Q4 Q5

MARFEBJANDECNOVOCTAUGJULJUNMAYAPRFEBJAN MAR SEP

*exclusive China & Taiwan

Following automotive industry standardsChange in consolidation methods

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200710

FOREXRate

¥117.0/$¥148.2/€

Consolidated net revenue 767.69,701.0

Consolidated operating profit 21.4755.5

Operating margin 2.8%7.8%

FY06 financial performance

¥113.3/$¥136.9/€

Net income 11.6449.2

Net cash position 289.6

9,428.3

871.8

9.2%

518.1

372.9

10,468.6

776.9

7.4%

460.8

254.7

Ordinary profit 18.5742.6845.9 761.1

¥117.0/$¥146.2/€

FY05 Q5(billion yen) FY0612month

FY06with Q5

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200711

29

Div

iden

d pe

r sh

are

/ ye

n

19

14

24

40

34

7

0

8

Nissan Value-Up Dividend policy

FY99 FY00 FY01 FY02 FY03 FY07

20

10

40

0

30

FY04 FY05 FY06

NISSAN 180 NISSAN Value-UpNRP

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200712

Infiniti globally recognized luxury brand

TaiwanMiddle East

North America

Korea 05

Russia 06

NISSAN Value-Up Update

G35 Sedan

FX

China 07Europe 08

Ukraine 07

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200713

NISSAN 180 NISSAN Value-UpNRP

Light Commercial Vehicles

tho

usan

d un

its

FY00 FY03 FY07*0

300

400

200

100

0%

6%

4%

8%

2%

Co

nsol

idat

ed o

pera

ting

mar

gin

FY01 FY02 FY04 FY05 FY06

7.7%

>8.0%

*Breakthrough Commitment

*

NISSAN Value-Up Update

Objective

490

401

Objective achieved one year ahead of plan

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200714

Thailand

China

EgyptIndia

RomaniaHungary

Vietnam Mexico

Mercosur

BreakthroughNISSAN Value-Up updateLeading Competitive Countries

FY05 FY06 FY07

10

0

20

30

12%15%

24%

LCC utilization ratio

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200715

New partnership with Renault and Mahindra to build a plant in Chennai in 2009Planned capacity of 400K units

2009: New plant in St. Petersburg50K capacity

Russia

2005: New R&D center2006: Huadu engine plant

China

2009 : 40,000 sales

Brazil

India

Geographic expansionNISSAN Value-Up Update

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200716

FY07 outlookAdditional measures already taken FY07 outlook

Dealer network restructuring in Japan

Single shift in Oppama and Tochigi plants

Nissan Shatai’s plant integration

Voluntary retirement programs in Japan

Voluntary transition programs in the U.S.

Transformation of sales network in Europe

Planned restructuring in South African plant operation

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200717

3,700+6.2%

Global retail sales objective

0FY03 FY04 FY06

3,389

(tho

usan

d un

its)

3,569

2,000

2,500

3,500

4,000

3,000

3,057

*Including Mexico and Canada

FY07**

+6.3% U.S.

-5.4% Japan

+11.2% Europe

+11.3% GOM*

**Forecast

FY07 outlook

FY05

3,483

1,100

700

1,300

600

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200718

Opportunities

NISSAN Value-UpRising raw material costs

Rising energy prices

Rising interest rates

Volatile foreign exchange rates

Higher level of incentives

Growing # of distressed

suppliers and competitors

Risks

FY07 outlook

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200719

FY06 FY07(billion yen)

Consolidated net revenue 10,300.0

Net income 480.0

Ordinary profit 773.0

FOREXassumption

¥117.0/$¥148.0/€

R&D sales ratio

490.04.8%

CAPEXsales ratio

515.05.0%

Consolidated operating profit 800.0

FY07 outlook

10,468.6

460.8

761.1

464.84.4%

509.04.9%

776.9

¥117.0/$¥148.2/€

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200720

Bill

ion

yen

R&D

4.0%3.8%

4.2%4.4%

4.8%

R&D expenditure

200

400

300

FY99 FY00 FY01 FY02 FY03 FY04

500

300

354

398

262

4.6%

239

FY05

448465

4.4%

FY06

490

FY07*

4.8%

4.7%

232

3

5

4

6

% o

f net revenue

Investing in our future

*Forecast

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200721

Camera

Around View Monitor

Lane Departure Prevention

3World’s-FirstTechnologies

Investing in innovation

Feedback force from gas pedal

Automatically app ly brake when d river relea sesgas peda l

Distance Control Assist System

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200722

LDWLow c ost fu el

effici ent T/M

Pre cr ash sea t

belt

04IT 06IT

Intelli ge nt

Brake Assis t

Rear a ctive

stea r

Low c ost

NAVIHEV(TK)

Supp ort Carwin gs JK

Active AFS Low s pee d ICC

Intelli ge nt Ai r

condi tio ner4WAS

FR-L p/f FF-L p/ f e-4 WD Scratc h G uar d D-p/f

00 01 02 03 04 05 06

2 2 2

45

3

5

07 08 09 10

8

6

>15FY07: 8 NEW technologies

Original technology

# o

f te

chno

logi

es d

eplo

yed

Investing in innovation

4 Wheel Active Steering

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200723

Investing in innovation

Advanced Battery Technology

EV

FCV

Nissan-Original Hybrid

Biofuels

Advanced Diesels

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200724

Building our brandEnhancing quality – Consumer reports

Altima

Infiniti G35 Infiniti M

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 2007

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200725

Investing in people

Opened Nov. 2006

New Design Center

Opening spring 2007

NATC

Japan HQ

Opening Oct. 2009

U.S. HQOpening mid-2008

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200726

U.S.

Japan

GOM(including Canada and Mexico)

Europe

Global product launches

NISSAN Value-Up

10 1172 5 1 9

FY05 FY06 FY071st half 2nd half

Serena

Otti

Wingroad

Bluebird Sylphy

Moco

1st half 2nd half

Micra C+C

Livina Geniss

Cabstar

SentraAltima

G35 sedan

Otti AD

PinoAtlas 20

Almera

Classic

Altima coupeG37 coupe

Qashqai X-TRAIL

Atlas 10

LivinaEntry-level

sedan

RogueInfiniti EX

Murano

6 5

GT-R

Frontier

Navara S/C

“Start of Sales” ( SOS) Basis

1st half 2nd half

FY 2004 Third Quarter Rev iewFY06 f inanc ial result s/ NISSAN Value-Up Ap ril 26, 200727

107

Post NISSAN Value-UpNISSAN Value-Up

FY05 FY06 FY07 FY08 FY09 FY10

Total: 28 Total: 33+

Product pipeline – new products

11