Nissan Motor Co. Chief Executive Officer Carlos Ghosn's pay rose to ¥987 million last fiscal year while bigger rival Toyota Motor Corp. left its CEO's pay flat and Honda Motor Co. cut compensation.

Ghosn, 58, told his company's annual general meeting Tuesday in Yokohama that his pay increased from the ¥982 million he earned a year earlier.

Nissan earned the most profit among Japanese carmakers last fiscal year for the first time in at least two decades, as Ghosn guided the automaker to a faster recovery than Toyota and Honda from the March 11, 2011, disasters and floods in Thailand.