From a loss-making operation lacking direction and competitive product in the 1990’s, our LCV business has now acquired a status of a major global breakthrough opportunity for Nissan.

Global sales have grown 57% since the start of Nissan Value-Up to 490,000 units in fiscal ’06. I anticipate that this will top half a million in FY07. More importantly, the LCV business unit over-achieved its 8% operating-margin milestone. With LCVs now firmly established as a pillar of our global business we intend to build on this momentum.