Nissan Shatai Co., Ltd. (JP:7222) has released an update.
Nissan Shatai Co., Ltd. has announced its status as a subsidiary of Nissan Motor Co., Ltd., which owns 50% of voting rights in the company. Nissan Shatai is integral to the Nissan Motor group, handling vehicle development and production, and relies on Nissan Motor for the overwhelming majority of its sales, with figures showing 97.7% consolidated and 99.8% non-consolidated sales attributed to its parent. The company benefits from shared personnel and technology with Nissan Motor, enhancing management and corporate structure, despite the dependency on Nissan Motor’s vehicle sales trends for its performance.
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