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Nissan raises full-year financial forecast

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Feb. 9 – Yokohama – Nissan Motor Corp. announced Monday that net income for the first nine months of the business year rose 23.6 percent to 338.8 billion yen on the back of solid US sales and favorable currency conditions, raising its full-year financial forecast.

Operating profit, meanwhile, rose to 417.9 billion yen, as demand for models such as the Nissan Altima and Rogue boosted results. Nissan sold 3,835,000 vehicles in the first nine months of fiscal 2014.

Nissan revised upwards its full-year financial forecast, expecting net income of 420 billion yen ($3.9 billion) and operating profit of 570 billion yen ($5.2 billion).

Results for nine months to December 31, 2014 (TSE report basis – China JV equity basis)*

FY2014 9 months

(Apr.-Dec. 2014)

Y-O-Y

Net revenue

¥8.09 trillion

($75.8 billion/€57.7 billion)

+11.1%

Operating profit

¥417.9 billion

($3.9 billion/€3.0 billion)

+39.0%

Ordinary profit

¥496.4 billion

($4.7 billion/€3.5 billion)

+51.9%

Net income

¥338.8 billion

($3.2 billion/€2.4 billion)

+23.6%

Based on average foreign exchange rates of JPY 106.7/USD and JPY 140.2/EUR

 

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