FY2005 First Half Financial Results(2005/10/28)
Nissan Motor Co., Ltd., today announced financial results for the first half of the fiscal year ending March 31, 2006.
Net revenues amounted to 4.491 trillion yen (US $41.01 billion, euro 32.95 billion) in the April-to-September period, up 12.1% compared with a year ago. Operating profit totaled 411.5 billion yen (US $3.76 billion, euro 3.02 billion), up 2.0%, while Nissan’s operating profit margin came to 9.2%. Ordinary profit amounted to 395.6 billion yen (US $3.61 billion, euro 2.90 billion), down 1.4%. In the six months through September, net income after tax totaled 230.7 billion yen (US $2.11 billion, euro 1.69 billion), down 3.4% compared with the same period last year due to one-time charges in the first quarter. The charges related to a change in Japanese accounting standards for the treatment of fixed assets and the introduction of Nissan’s defined contribution pension plan.
The initial financial forecasts for fiscal year 2005 remain unchanged.
Net revenues amounted to 4.491 trillion yen (US $41.01 billion, euro 32.95 billion) in the April-to-September period, up 12.1% compared with a year ago. Operating profit totaled 411.5 billion yen (US $3.76 billion, euro 3.02 billion), up 2.0%, while Nissan’s operating profit margin came to 9.2%. Ordinary profit amounted to 395.6 billion yen (US $3.61 billion, euro 2.90 billion), down 1.4%. In the six months through September, net income after tax totaled 230.7 billion yen (US $2.11 billion, euro 1.69 billion), down 3.4% compared with the same period last year due to one-time charges in the first quarter. The charges related to a change in Japanese accounting standards for the treatment of fixed assets and the introduction of Nissan’s defined contribution pension plan.
The initial financial forecasts for fiscal year 2005 remain unchanged.