Nissan Operating Profit Rises, Forecast Higher
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May 13 – Yokohama – Nissan Motor Corporation announced Wednesday that operating profit rose to 589.6 billion yen in the last business year, a 5.2 percent margin on net revenues of 11.38 trillion yen, led by demand in North America and Western Europe, as well as a favorable yen-dollar exchange rate.
CEO Carlos Ghosn called the results solid, saying the company was well-positioned to achieve mid-term business goals, adding that Nissan would remain focused in the year ahead on continued revenue and profit growth.
In fiscal 2015, Nissan expects to sell 5.55 million units, up 4.4 percent and equivalent to a 6.5 percent global market share.
New models including the Nissan Maxima and Lannia, as well as the Infiniti Q30 are expected to contribute to sales growth in the year.
(Based on average foreign exchange rates of JPY 109.8/USD and JPY 138.7/EUR for the 12-month period.)
|Results for 12 months to March 31, 2015 (TSE report basis – China JV equity basis)*||FY2014||Y-O-Y|
|Net revenue||¥11.38 trillion($103.6 billion/€82.0 billion)||+8.5%|
|Operating profit||¥589.6 billion($5.4 billion/€4.3 billion)||+18.3%|
|Net income||¥457.6 billion($4.2 billion/€3.3 billion)||+17.6%|