FY2009 3rd Quarter Financial Results, February 09, 2010
- Date
- February 09, 2010
- Venue
- Global Headquarters, Yokohama
Nissan Motor Co., Ltd., today announced financial results for the third quarter of fiscal year 2009, ending March 31, 2010, as well as for the first nine months. In the third quarter, the consolidated net income after taxes totaled 45 billion yen. The better-than-expected results were due mainly to additional sales volumes driven by scrapping incentives in major markets, sales volume growth in China and the effective execution of countermeasures put in place following the global financial and economic crisis.
Net revenues were 1.9962 trillion yen , increased by 9.9% compared with a year ago. Operating profit was 134.1 billion yen, and the operating profit margin came to 6.7%. Ordinary profit was 112.7 billion yen. Nissan sold 882,000 vehicles worldwide in the October-to-December 2009 period, a 20.6% increase over the same period in fiscal year 2008.
In the April-to-December 2009 period, net income after tax totaled 54 billion yen, up 25% compared with the previous year. Net revenue fell 19.5% to 5.3796 trillion yen. Operating profit totaled 228.9 billion yen, an increase of 147.6%. Operating profit margin came to 4.3%. Ordinary profit amounted to 145.9 billion yen, up 62%. Globally, Nissan sold 2,505,000 vehicles in the first nine months of the fiscal year, down 4.8% compared with the same period last year.
The company has revised upward its full fiscal-year forecast for 2009. Based on foreign-exchange rates of 92 yen/dollar and 132 yen/euro, the revised average rates for the full fiscal year, Nissan filed the following forecast with the Tokyo Stock Exchange for the fiscal year ending March 31, 2010:
• Net revenues of 7.4 trillion yen
• Operating profit of 290 billion yen
• Net income of 35 billion yen
News Release
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