Nissan Motor Co., Ltd. today announced cumulative financial results for the nine-month (April-December) period to December 31, 2013, and earnings for the third quarter of the fiscal year ending March 31, 2014.
Nissan reported the following pro forma financial results for the first nine months of fiscal year 2013 (based on foreign exchange rates of JPY 99.4/USD and JPY 132.2/EUR, the average rates for fiscal year 2013 to date):
Net revenue of JPY 7.9356 trillion (USD 79.8 billion, EUR 60 billion);
Operating profit of JPY 370.8 billion (USD 3.73 billion, EUR 2.80 billion);
Ordinary profit of JPY 337.9 billion (USD 3.40 billion, EUR 2.56 billion); and
Net income of JPY 274.1 billion (USD 2.76 billion, EUR 2.07 billion).
In the nine months to December 31, 2013, Nissan sold 3,673,000 vehicles globally, a 1.0% increase year-on-year. For the third quarter, net income rose by JPY 30 billion to JPY 84.3 billion compared with the same three-month period of FY2012.
"Nissan has delivered a solid nine-month performance amid growing demand for new models in several key markets," said Nissan president and CEO Carlos Ghosn. "Sales in Japan and North America helped offset emerging market volatility and sluggish conditions in Europe. Based on its strong product line-up and current market demand, Nissan is maintaining its full-year earnings guidance."
Nissan's unchanged forecast for the fiscal year ending March 31, 2014, comes as the company launches models including the all-new Qashqai in Europe; the Datsun GO in India; the X-Trail, DAYZ ROOX and Skyline in Japan, and the Rogue in the US.
