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.