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Net Income at 342.4 Billion For Nissan FY2012

Nissan have announced there financial results for the twelve month period ending March 30th 2013. The company has faced a range of challenges during the fiscal year 2012, yet the fourth quarter profitability enabled the company to achieve its full-year net income target.

Nissan filed the following results with the Tokyo Stock Exchange, based on foreign exchange rates of JPY 82.9/USD and JPY 106.8EUR, the average rates for the fiscal year ending March 31 2013.

  • Net revenues of JPY 9.63 trillion (USD 116.16 billion, EUR 90.17 billion);
  • Operating profit of JPY 523.5 billion (USD 6.31 billion, EUR 4.90 billion);
  • Ordinary profit of JPY 529.3 billion (USD 6.38 billion, EUR 4.96 billion); and
  • Net income of JPY 342.4 billion (USD 4.13 billion, EUR 3.21 billion).

In the fiscal year of 2012, global sales reached a record high of 4.914 million units, up 1.4% over FY2011. Nissan have launched ten new models to global markets which included the new Altima in the United States; Sylphy in China and the new Note in Japan.

Carlos Ghosn, Nissan President and Chief Executive Officer, commented: “Fiscal 2012 was marked by both successes and challenges for Nissan. We ended the year with a sound balance sheet, record global sales, an improved brand, and an expanded presence in critical growth markets. Equally important, we have taken countermeasures that will enable us to navigate the headwinds that lie ahead and resume significant growth. As we enter the third year of the Nissan Power 88 mid-term plan, I am confident we have the right strategy in place to deliver on our business objectives.”

Taking at closer look at he sale performances in global markets, sales in the US were up 5.4% to 1.14 million units. Sale volume in China, where sales of Japanese brands have been impacted by the island dispute, declined 5.3% year-on-year to 1.18 million vehicles.  European sales including Russia were 660,000 units falling 7.5%. Sales in Japan were down 1.3% to 647,000 units. Strong results were reported in other markets, including Middle East, Thailand and Brazil: sales totalling 959,000 units up 16.3% over the prior year.

Nissan has held its position as the leading automaker for electric vehicles and zero-emission mobility during the fiscal year. More than 62,000 Nissan LEAF units have been sold worldwide since the products launch. During 2012 Nissan also launched production in the US and UK to increase the ability to grow global sales.

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