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Nissan-Renault alliance

Five things to know ahead of Nissan's fraught shareholders meeting

Investors up in arms over automaker's weak global sales and coronavirus turmoil

Makoto Uchida, who has been Nissan's CEO since December, will be officially welcomed to the board during the company's extraordinary shareholders meeting on February 18. (Photo by Takaki Kashiwabara)

TOKYO -- Nissan Motor is expected to confront harsh criticism from investors at an extraordinary shareholders meeting Tuesday, as the automaker has cut its net profit outlook for the current fiscal year twice. It now forecasts a $65 billion yen ($592 million) net profit, an 11-year low, for the year ending March.

The automaker has also lowered its annual dividend to 10 yen per share, its smallest payout since 2011. Nissan's stock price slipped below 500 yen on Monday morning, also an 11-year low.

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