Nissan Motor Co., Ltd. announced financial results for the fiscal year 2007, ending March 31, 2008, and filed the following results with the Tokyo Stock Exchange: Net revenues of 10.824 trillion yen, Operating profit of 790.8 billion yen, Ordinary profit of 766.4 billion yen, Consolidated net income of 482.3 billion yen, Operating profit margin of 7.3%.
Nissan also released an outline of its new five-year business plan called "NISSAN GT 2012," which covers the period from April 1, 2008, to March 31, 2013. NISSAN GT 2012 contains corporate commitments: "Quality leadership", "Zero-emission vehicle leadership", "Five percent revenue growth on average over five years (FY2008 to FY2012)". The three commitments will be backed by five business breakthroughs.
Based on the company's outlook and assuming foreign exchange rates of 100 yen/dollar and 155 yen/euro, Nissan filed the following forecast for the fiscal year ending March 31, 2009, with the Tokyo Stock Exchange: Consolidated net revenues of 10.35 trillion yen, Operating profit of 550 billion yen, Ordinary profit of 545 billion yenNet income of 340 billion yen.
Nissan Motor Co., Ltd., announced financial results for the third quarter of fiscal year 2007, ending March 31, 2008, as well as for the first nine months. Net revenue rose 18.2% to 2.7701 trillion yen. Nissan's operating profit totaled 211.9 billion yen, up 15.8%. The operating profit margin came to 7.7%. The consolidated net income after tax came to 132.2 billion yen, up 26.6% compared with the same period a year ago. Nissan sold a total of 898,000 vehicles worldwide in the October-to-December 2007 period, up 13.0%.
In the April-to-December 2007 period, net revenue rose 13.9% to 7.8346 trillion yen. Operating profit totaled 579.1 billion yen, up 8.9%. Operating profit margin came to 7.4%. Net income after tax totaled 344.6 billion yen, down 9.0% compared with the previous year. Globally, Nissan sold a total of 2,714,000 vehicles in the first nine months, up 8.4% compared with last year.
"Despite the headwinds that affect our industry, Nissan has benefited from the success of the new products launched during the past 12 months," said Nissan President and CEO, Carlos Ghosn. "Although the market outlook remains volatile for the coming months, Nissan is focused and on track to deliver our full year objectives," continued Ghosn.
Nissan's forecast for the full fiscal year is unchanged at an operating profit of 800 billion yen and net income of 480 billion yen.
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.
Nissan Motor Co., Ltd., announced that consolidated net income after tax totaled 92.3 billion yen in the first quarter of fiscal year 2007, ending March 31, 2008, down 16.2% compared with the same period a year ago. Net revenue rose 10.7% to 2.4465 trillion yen. Nissan's operating profit totaled 148.4 billion yen, down 3.2%, and operating profit margin came to 6.1%. Ordinary profit amounted to 151.3 billion yen, down 3.5%. Globally, Nissan sold a total of 875,000 vehicles in the April-to-June period, up 5.9%.
"Our results for the first quarter were in-line with our expectations, considering factors such as weaker product mix, higher raw material prices and the change in effective tax-rate", said Nissan President and CEO, Carlos Ghosn. "We are encouraged by the momentum building globally for our new products such as Qashqai, Altima, Livina and Infiniti G35 and we maintain our forecast for the full fiscal year."
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