June 23, 2011
Nissan Announces Full Year Financial Forecasts for FY2011
YOKOHAMA (June 23, 2011) - Nissan Motor Co., Ltd. today announced its financial forecasts for fiscal year 2011 (April 1, 2011 through March 31, 2012). Based on foreign exchange rate assumptions of 80.0 yen/dollar and 115.0 yen/euro, Nissan filed the following forecasts with the Tokyo Stock Exchange:
- Net revenues of 9.4 trillion yen (US $117.5 billion, euro 81.74 billion);
- Operating profit of 460 billion yen (US $5.75 billion, euro 4 billion);
- Ordinary profit of 441 billion yen (US $5.51 billion, euro 3.83 billion);
- Net income of 270 billion yen (US $3.38 billion, euro 2.35 billion);
- Capital expenditures of 410 billion yen (US $5.13 billion, euro 3.57 billion); and
- R&D expenses of 460 billion yen (US $5.75 billion, euro 4 billion).
The company is forecasting global sales for fiscal year 2011 to be 4.6 million units, an increase of 9.9% compared to the previous year, and is planning to double dividend payments for fiscal year 2011 to 20 yen for the full year. Nissan anticipates a return to full unrestricted production in October, as parts suppliers fully recover from the earthquake on March 11.
"Continuous growth in 2011 will bring Nissan a new record volume," said Nissan President and CEO Carlos Ghosn. "The unrelenting work ethic of Nissan employees is an inspiration – particularly after one of the worst natural disasters in modern history. The high level of motivation and performance of our Nissan team continues to be the foundation of our success."
Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 248,000 employees globally, Nissan provided customers with more than 4.1 million vehicles in 2010, generating revenue of 8.77 trillion yen (US $102.37 billion) . With a strong commitment to developing exciting and innovative products for all, Nissan delivers a comprehensive range of 66 models under the Nissan and Infiniti brands. A pioneer in zero-emission mobility, Nissan made history with the introduction of the Nissan LEAF, the first affordable, mass-market, pure-electric vehicle and winner of numerous international accolades, including the prestigious 2011 European Car of the Year award and 2011 World Car of the Year.