Nissan net income at XXX.X billion yen in third quarter of FY06
- Down XX.X% compared to third quarter
of FY05 -
TOKYO (Feb. 2, 2007)--Nissan Motor Co., Ltd., today announced financial
results for the third quarter of fiscal year 2006, ending March 31, 2007, as
well as for the first nine months. In the third quarter, consolidated net
income after tax came to XXX.X billion yen (US $xxx billion, euro xxx billion),
down XX.X% compared with the same period a year ago.
Net revenue rose X.X% to X.XXX trillion yen (US $XX.XX billion, euro XX.XX
billion). Nissan’s operating profit totaled XXX.X billion yen (US $X.XX
billion, euro X.XX billion), down XX.X%, while its operating profit margin came
to X.X%. Ordinary profit amounted to XXX.X billion yen (US $X.XX billion, euro
X.XX billion), down XX.X%.
Nissan sold a total of 795,000 vehicles worldwide in the
October-to-December 2006 period, down 3.0%.
“Against an environment of high raw material and energy prices, no pricing power and continuing weakness in mature markets, our industry faced many headwinds,” said Nissan President and CEO, Carlos Ghosn. “This unfavorable and adverse external environment combined with internal factors to create a challenging period for our company,” continued Ghosn.
In the April-to-December 2006 period, net income after tax totaled XXX.X billion yen (US $X.XX billion, euro X.XX billion), up X.X% compared with the previous year.
Net revenue rose X.X% to X.XXX trillion yen (US $XX.XX billion, euro
XX.XX billion). Nissan’s operating profit from April to December totaled XXX.X
billion yen (US $X.XX billion, euro X.XX billion), down XX.X%, while its
operating profit margin came to X.X%. Ordinary profit amounted to XXX.X billion
yen (US $X.XX billion, euro X.XX billion), down XX.X%.
Globally, Nissan sold a total of 2,504,000 vehicles in the first nine months, down 5.7% compared with last year. Sales declined in major markets such as Japan, U.S. and the mature markets of Europe. Nissan saw growth in markets including China, Russia and the Middle East, driven by new products and local economic growth.
During the third quarter of 2006, Nissan launched six new models including the Altima, Livina Geniss and Infiniti G35. During 2007, Nissan will accelerate its product launch program with 11 new models set to debut.
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Notes: Amounts in dollars and euros are
translated for the convenience of the reader at the foreign exchange rates of
117.8 yen/dollar and 148.3 yen/euro, the average rates for the first nine
months of the fiscal year ending March 31, 2007.
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