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FY2008 2nd Quarter Financial Results, October 31, 2008
- Date
- October 31, 2008
- Venue
- Tokyo headquarters
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.
FY2008 1st Quarter Financial Results, August 1, 2008
- Date
- August 1, 2008
- Venue
- Tokyo headquarters
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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