Date

Oct 26, 2007

Venue

Nissan Head Quarters, Tokyo

Nissan Motor Co., Ltd., announced financial results for the first half of fiscal year 2007, ending March 31, 2008, as well as second-quarter performance. In the six months through September, net income after tax totaled 212.4 billion yen down 22.5% compared with the same period last year due mainly to a higher effective tax rate and less favorable one-time items compared to the same period in 2006.
Net revenues amounted to 5.064 trillion yen in the April-to-September period, up 11.7% compared with a year ago. Operating profit totaled 367.1 billion yen, up 5.3%, while the operating profit margin came to 7.2%. Ordinary profit amounted to 360.3 billion yen, down 0.2%.
In the first six months of 2007, Nissan launched seven all-new products worldwide: Altima coupe, G37 coupe, Atlas F24, Livina, Aprio, Rogue and X-Trail. In the first half, Nissan sold 1,816,000 vehicles worldwide, up 6.3% compared with last year on demand for new products. During the remainder of 2007, a further four products will be added to the range with the GT-R, Murano, Infiniti EX and Frontier Navara Single Cab pickup.
Nissan’s forecast remains unchanged for the full fiscal year with operating profit of 800 billion yen and net income of 480 billion yen.