Nissan Motor Co., Ltd., announced financial results for the fiscal year 2006, ending March 31, 2007: Net revenues of 10.4686 trillion yen, Operating profit of 776.9 billion yen, Ordinary profit of 761.1 billion yen, Consolidated net income of 460.8 billion yen. The operating profit margin came to 7.4%.
Nissan's global sales were 3,483,000 units, down 2.4%. In the US, sales were at 1,035,000 units, down 4.0%. In Japan, sales were at 740,000 units, down 12.1%. In Europe, sales came to 540,000 units, down by 0.2%. Sales in General Overseas Markets were 1,168,000 units, an increase of 5.1%. Nissan continues to invest massively for its future within a clearly established long-term strategy, especially in the research and development of breakthrough technologies and innovative products. In 2007, Nissan will launch 11 all-new products globally.
Based on the company's outlook and assuming foreign exchange rates of 117 yen/dollar and 148 yen/euro, Nissan filed the following forecast for the fiscal year ending March 31, 2007 as follows:
• Consolidated net revenues: 10.300 trillion yen
• Operating profit: 800 billion yen
• Ordinary profit: 773 billion yen
• Net income: 480 billion yen
Nissan Motor Co., Ltd. announced financial results for the third quarter of fiscal year 2006, ending March 31, 2007, as well as for the first nine months. In the third quarter, consolidated net income after tax came to 104.4 billion, down 22.6% compared with the same period a year ago. Nissan sold a total of 795,000 vehicles worldwide in the October-to-December 2006 period, down 3.0%.
Net revenue rose 1.8% to 2.343 trillion yen. Nissan's operating profit totaled 183.1 billion yen down 16.6%, while its operating profit margin came to 7.8%. Ordinary profit amounted to 177.1 billion yen, down 15.6%.
During the third quarter of 2006, Nissan launched six new models including the Altima, Livina Geniss and Infiniti G35. During 2007, Nissan will accelerate its product launch program with 11 new models set to debut.
In light of the present results and of the factors facing Nissan for the remainder of FY06, the company has revised its operating profit and its net income forecast for the full fiscal year 2006 to 775 billion yen and 460 billion yen respectively.
Nissan announced financial results for the first half of fiscal year 2006, ending March 31, 2007, as well as second-quarter performance. In the six months through September, net income after tax totaled 274.2 billion yen, up 18.8% compared with the same period last year due to the sale of Nissan Diesel Motor Co., Ltd. shares, favorable pension benefits from our operations in China and tax benefits resulting from losses incurred from our domestic dealer restructuring.
Net revenues amounted to 4.534 trillion yen in the April-to-September period, up 1.0% compared with a year ago. Operating profit totaled 348.6 billion, down 15.3%, while the operating profit margin came to 7.7%. Ordinary profit amounted to 360.9 billion yen, down 8.8%.
During the next six months of 2006, Nissan will launch nine new products globally, the Sentra, Altima and Infiniti G35 sedans in the US, the Qashqai compact crossover in Europe, the all-new Skyline sedan and Otti minicar in Japan, and the Livina Geniss in China.
Opportunities come from the flawless implementation of the Nissan Value-Up plan and favorable foreign exchange rates. Our initial forecast remains unchanged for the full fiscal year.
Nissan announced its first quarter of fiscal year 2006, consolidated net income after tax totaled 110.2 billion yen, up 4.2% compared with the same period a year ago. The rise in net income for 2006 reflects the exceptional charges taken in the same period in 2005 relating to accounting standards changes and the introduction of Nissan's defined contribution pension plan.
Operating profit totaled 153.3 billion yen, down 25.7%. The decline was due in part to a one-time charge for a four-cylinder engine warranty provision in North America. Operating profit margin came to 6.9%. Ordinary profit amounted to 156.7 billion yen, down 25.6%.
In the second half of fiscal 2006, Nissan will release eight new models around the world, including the Sentra, Altima and Infiniti G35 sedans for the US.
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