(Nov 19, 2002)
NISSAN MOTOR CO., LTD.
Global Communications and Investor Relations Dept.

CONSOLIDATED FINANCIAL INFORMATION -1

(BILLIONS OF YEN) RESULTS
1st Half of FY 2002
02/4-02/9
 RESULTS
FY 2001
01/4-02/3
 RESULTS
1st Half of FY 2001
01/4-01/9
 FORECAST
1st Half of FY 2002
(Disclosed Oct 23, 2002)
02/4-02/9
 FORECAST
FY 2002
(Disclosed Oct 23, 2002)
02/4-03/3
NET SALES (1) 3,285.5 10.3% 6,196.2 1.8% 2,977.5 -1.4% 3,280.0 10.2% 6,800.0 9.7%
JAPAN 2,048.0 12.9% 3,829.1 -2.3% 1,814.5 -2.2% 2,016.0 11.1%  
NORTH AMERICA 1,255.7 14.5% 2,382.8 5.6% 1,097.0 -5.2% 1,243.0 13.3%  
EUROPE 474.6 6.7% 851.5 1.3% 444.6 -3.2% 474.0 6.6%  
Others 479.7 13.9% 929.4 24.6% 421.3 34.7% 480.0 13.9%  
SUB-TOTAL 4,258.0 12.7% 7,992.8 3.0% 3,777.4 -0.2% 4,213.0 11.5%  
ADJUSTMENT -972.5 - -1,796.6 - -799.9 - 933.0    
OPERATING INCOME (1) 348.3 84.5% 489.2 68.5% 188.8 40.5% 348.0 84.3% 720.0 47.2%
JAPAN 174.2 35.9% 289.7 66.2% 128.2 118.0% 178.0 38.8%  
NORTH AMERICA 114.1 132.4% 158.9 40.1% 49.1 -39.6% 114.0 132.2%  
EUROPE 7.0 - 3.2 - -4.6 - 7.0    
Others 44.9 42.1% 57.8 37.0% 31.6 93.9% 46.0 45.6%  
SUB-TOTAL 340.2 66.5% 509.6 68.4% 204.3 44.8% 345.0 68.9%  
ADJUSTMENT 8.1 - -20.4 - -15.5 - 3.0    
ORDINARY INCOME 323.5 101.8% 414.7 46.9% 160.3 22.7% 323.0 47.0% 660.0 59.2%
NET INCOME 287.7 24.9% 372.3 12.4% 230.3 33.9% 286.0 12.4% 490.0 31.6%
NET INCOME PER SHARE(YEN) 68.34 92.61 57.95    
FULLY DILUTED NET INCOME PER SHARE(YEN) 67.78 92.13 54.02    

FOREIGN EXCHANGE RATE
YEN/USD
YEN/EUR

123.1
116.3		 125.1
108.8		 122.2
108.1		 123.1
116.3		 124
118
CAPITAL EXPENDITURE 113.1 293.8 128.5   350.0
DEPRECIATION 109.6 199.5 102.7   220.0
RESEARCH & DEVELOPMENT COSTS 131.9 262.1 104.5   290.0
DEBT OUTSTANDING 513.6 704.5 972.9    
CASH & REPO -243.5 -272.8 -173.9    
NET DEBT
(AUTOMOTIVE BUSINESS) 		270.1 431.7 799.0 274.0 80.0
DEBT OUTSTANDING 2,314.9 2,325.3 1,836.1    
CASH & REPO -6.2 -6.9 -6.8    
NET DEBT
(RETAIL FINANCE BUSINESS) 		2,308.7 2,318.4 1,829.3    
TOTAL NET DEBT 2,578.8 2,750.1 2,628.3    
TOTAL ASSETS 6,978.2 7,215.0 6,367.6    
SHAREHOLDERS' EQUITY 1,663.9 1,620.8 1,159.3    
EQUITY RATIO (%) 23.8 22.5 18.2    
SHAREHOLDERS' EQUITY
PER SHARE
(yen) 		395.89 358.84 291.75    
PERFORMANCE DESCRIPTION *The best consolidated
financial result
 *The best consolidated
financial result
 *The best consolidated
financial result

*The best consolidated
financial result

  

Notes:
* The % figures, unless otherwise described, show the changes over the same period of the previous FY.
(1) In geographical segment information: Segmentation of countries and regions are different from what is applied in preparation of statutory
disclosed financial statements. (Figures for results 1st half of FY 2002 and FY 2001 have been restated in compliance with
the above segmentation.) Major countries and regions included in each segment are:
*North America: U.S.A., Canada
*Europe: The Netherlands, Spain, U.K. and other European countries
*Others: Asia, Oceania, Middle East, Mexico, Middle&South American countries, South Africa
'(2) Variance of operating income between 348.3 billion yen in 1st half 02 and 188.7 billion yen in 1st half 01are analysed as following:

  Billion yen
Foreign Exchange 7.0
Scope of Consolidation 3.0
Volume & Mix 64.0
Product Enrichment & Regulation Cost -32.0
S&M Expenses 2.0
G&A Expenses -4.0
R&D Expenses -20.0
Purchasing Cost Reduction 102.0
Sales Financing 7.0
Manufacturing etc. 30.5
Total 159.5

CONSOLIDATED FINANCIAL INFORMATION -2
Global Retail Sales Volume & Production Volume

(THOUSAND UNITS)   RESULTS
1st Half of FY 2002
02/4-02/9
 RESULTS
FY 2001
01/4-02/3
 RESULTS
1st Half of FY 2001
01/4-01/9
 FORECAST
FY 2002
02/4-03/3
SALES VOLUME
GLOBAL RETAIL (April to March) (1) 		       
JAPAN (incl.Mini) 383 12.1% 714 -2.6% 342 816
USA 378 8.3% 719 -3.4% 349 795
EUROPE (2)(3) 251 -9.4% 493 -10.0% 277 484
OTHERS Mexico (2) 105 18.4% 191 10.1% 89 215
  Canada 35 20.7% 59 20.0% 29 64
  Others (2) 234 14.7% 421 9.5% 203 465
  TOTAL 374 16.2% 671 7.9% 321 744
TOTAL 1,386 7.5% 2,597 -1.4% 1,289 2,839
PRODUCTION VOLUME
GLOBAL BASIS (April to March) 		       
JAPAN 682 12.4% 1,273 -3.1% 607 1,455
NORTH AMERICA (Incl. Mexico) 386 20.9% 692 0.7% 320 777
EUROPE 201 -4.8% 400 -17.7% 211 419
OTHERS (4) 86 68.3% 110 -13.4% 50 189
TOTAL 1,355 14.0% 2,475 -5.3% 1,188 2,840

Notes:
* The % figures, unless otherwise described, show the changes over the same period of the previous FY.
Some figures in each volume are adjusted from the previous disclose.
(1) Global Retail is including sales of vehicles locally assembled by equity accounted Nissan companies with knock down parts.
(2) Global Retail volume of Europe, Mexico and part of others are results of Jan.- Dec.
(3) Turkey and Israel are used to be calculated within Others, but are included into Europe from 1st Half of FY02.
These two countries are also included into Europe First half of FY01 and Full FY01.
(4) Others include production in Taiwan, Thailand, Philippines, South Africa, Indonesia (only First Half of FY02) and China (only First Half of FY02) excluding CKD production.


(THOUSAND UNITS)   RESULTS
1st Half of FY 2002
02/4-02/9		 RESULTS
FY 2001
01/4-02/3		 RESULTS
1st Half of FY 2001
01/4-01/9
SALES VOLUME
CONSOLIDATED WHOLESALE (5) 		     
JAPAN 377 12.9% 703 -3.2% 334 -2.0%
OVERSEAS 908 4.7% 1,757 -4.4% 867 -8.3%
TOTAL 1,285 7.0% 2,460 -4.0% 1,201 -6.7%
PRODUCTION VOLUME
CONSOLIDATED BASIS (5) 		     
JAPAN 682 12.4% 1,273 -3.1% 607 -8.2%
OVERSEAS CONSOLIDATED SUBSIDIARIES 602 3.7% 1,155 -0.6% 580 2.0%
TOTAL 1,284 8.1% 2,428 -1.9% 1,187 -3.5%

(5) Wholesale and Production volume are based on Japanese GAAP accounting and differ from global retail sales volume and production.