Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2008, ending March 31, 2009:Net revenues of 8.437 trillion yen, Operating loss of 137.9 billion yen, Ordinary loss of 172.7 billion yen and Net loss of 233.7 billion yen. The full-year results were better than the forecast disclosed at the third-quarter financial results filed on February 9, 2009.
Nissan sold a total of 3,411,000 vehicles worldwide in fiscal year 2008, down 9.5%. In North America, sales were 1,133,000 units, down 16.2%; United States sales were 856,000 units, down 19.1%. In Japan, sales were 612,000 units, down 15.1%. In Europe, sales came to 530,000 units, down 16.7%. Sales in General Overseas Markets (GOM) were up 7.1% at 1,136,000 units.
The global sales forecast for fiscal 2009 is 3.08 million units. Nissan will launch eight all-new products during fiscal 2009. Based on the company's outlook and assuming foreign exchange rates of 95 yen/dollar and 125 yen/euro, Nissan filed the following forecast for the fiscal year ending March 31, 2010, with the Tokyo Stock Exchange:
• Net revenues of 6 trillion 950 billion yen
• Operating loss of 100 billion yen
• Net loss of 170 billion yen
Nissan Motor Co., Ltd., announced financial results for the third quarter of fiscal year 2008, ending March 31, 2009, as well as for the first nine months. In the third quarter, net revenue was down 34.4% to 1.8165 trillion yen. Nissan's operating loss totaled 99.2 billion yen. The consolidated net loss after tax came to 83.2 billion yen. The loss is driven by the severe downturn in the global economy in the second half of calendar year 2008 and, in particular, the negative impact of the strong yen, the sharp decline in consumer confidence in all major markets and product mix deterioration. Nissan sold a total of 731,000 vehicles worldwide in the October-to-December 2008 period, down 18.6%.
In the April-to-December 2008 period, net revenue fell 14.7% to 6.6858 trillion yen. Operating profit totaled 92.5 billion yen, down 84.0%. Operating profit margin came to 1.4%. Net income after tax totaled 43.2 billion yen, down 87.5% compared with the previous year. Globally, Nissan sold a total of 2,633,000 vehicles in the first nine months, down 3.0% compared with last year.
Due to the worsening state of the global economy and associated deterioration in global auto markets, the company has further revised its forecast for the full fiscal year 2008. Nissan filed the following revised forecast for the fiscal year ending March 31, 2009, with the Tokyo Stock Exchange:
• Consolidated net revenues of 8.3 trillion yen;
• Operating loss of 180 billion yen;
• Ordinary loss of 190 billion yen; and
• Net loss of 265 billion yen.
Nissan Motor Co., Ltd. announced financial results for the first half of fiscal year 2008, ending March 31, 2009, as well as second-quarter performance. Net revenues amounted to 4.8693 trillion yen in the April-to-September period, down 3.9% compared with a year ago. Operating profit totaled 191.6 billion yen, down 47.8%, while the operating profit margin came to 3.9%. Ordinary profit amounted to 202.7 billion yen, down 43.7%. Net income after tax totaled 126.3 billion yen, down 40.5% compared with the same period last year. In the first half, Nissan sold 1,902,000 vehicles worldwide, up 4.7% compared with last year.
Despite the lack of reliable economic and industry forecasts and taking into consideration most factors affecting our activities, the company has revised its operating profit and its net income forecast for the full fiscal year 2008 to 270 billion yen and 160 billion yen, respectively. As a consequence of the revised operating profit forecast, the company will pay an interim dividend of 11 yen per share. Details of the second payment, based on the approval of the shareholders, will be provided at the Annual General Shareholders Meeting in June 2009.
Nissan Motor Co., Ltd., announced financial results for the first quarter of fiscal year 2008, ending March 31, 2009.
Globally, Nissan sold a total of 936,000 vehicles in the April-to-June period, up 6.9% compared to same period in 2007. Growth continues to derive from the General Overseas Markets with sales up by 23.6% to 302,000 units.
Despite an increase in sales volume, Nissan's net revenue fell 4.1% to 2.3473 trillion yen due mainly to the negative impact of foreign exchange rates. Operating profit totaled 79.9 billion yen, down 46.1%. The decline was driven by foreign exchange and residual value risk. The operating profit margin came to 3.4%. Ordinary profit amounted to 82.5 billion yen, down 45.5%. The consolidated net income after tax totaled 52.8 billion yen, down 42.8%.
Nissan's forecast remains unchanged for the full fiscal year with an operating profit of 550 billion yen and net income of 340 billion yen.
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