Nissan Posts Operating Profit of 311.6 Billion Yen for FY09

[Bonobo]

Source: Asahi News

YOKOHAMA (May 12, 2010) -- Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2009, ending March 31, 2010, and filed the following results with the Tokyo Stock Exchange:

- Net revenues of 7.5173 trillion yen (US $80.92 billion, euro 57.3 billion), down 10.9% from the prior year, with the stronger yen offsetting the increase in sales volume;

- Operating profit of 311.6 billion yen (US $3.35 billion, euro 2.38 billion);

- Ordinary profit of 207.7 billion yen (US $2.24 billion, euro 1.58 billion); and

- Net income of 42.4 billion yen (US $460 million, euro 320 million), compared to negative 233.7 billion yen in fiscal year 2008.

The full-year results were better than the forecast given when third-quarter financial results were filed on February 9, 2010. Significant contributors to Nissan's performance compared to last year were sales volume growth in emerging markets, especially in China, and the effective execution of recovery plan actions to counter the effects of the global financial and economic crisis.

"Fiscal year 2009 was an extremely challenging year. Within Nissan, we kept our focus on recovery, guided by our company's recovery plan," said Nissan President and CEO Carlos Ghosn. "Though we are still operating in crisis mode, Nissan is well on track toward complete recovery without any compromise to our strategic priorities."

Nissan sold a total of 3,515,000 vehicles worldwide in fiscal year 2009, a 3% increase compared with the prior year. In North America, sales were 1,067,000 units, down 5.8%; United States sales were 824,000 units, down 3.8%. In Japan, sales were 630,000 units, up 2.9%. In Europe, sales were to 517,000 units, down 2.4%. Sales in China reached 756,000 units, a 38.7% increase. Other markets totaled 545,000 units, down 7.8%.

Read more: http://www.asahi.com/english/TKY201005130254.html