Nissan Motor Co. President Carlos Ghosn, Japan's best-paid automaker executive, received more than ¥1 billion ($8 million) in salary and bonuses for the first time.
Ghosn was paid a total of ¥1.035 billion for the year that ended March 31, an increase of 4 percent from a year earlier, he said at the carmaker's annual meeting on Tuesday in Yokohama. In dollar terms, his compensation decreased 14 percent because of the weak yen.
Nissan last month forecast a third straight year of rising profit after the weaker Japanese currency and rising demand in major markets, including the U.S., helped net income jump 18 percent last fiscal year. The company's shares have gained 18 percent this year in Tokyo, the best performance among Japan's eight major carmakers.