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24.07.2007 – 11:12

Nissan Motor Co., Ltd.

Nissan Operating Profit at 148.4 Billion yen and Net Income at 92.3 Billion yen in FY07 First Quarter

Tokyo (ots/PRNewswire)

- Global Vehicle Sales up 5.9% on Demand for New Product
Nissan Motor Co., Ltd., today announced that consolidated net
income after tax totaled 92.3 billion yen (US $764 million, euro 566
million) in the first quarter of fiscal year 2007, ending March 31,
2008, down 16.2% compared with the same period a year ago. The drop
in net income is due mainly to a higher effective tax rate compared
to the same period in 2006.
Globally, Nissan sold a total of 875,000 vehicles in the
April-to-June period, up 5.9%. Net revenue rose 10.7% to 2.4465
trillion yen (US $20.25 billion, euro 15.03 billion).
Nissan's operating profit totaled 148.4 billion yen (US $1,228
million, euro 912 million), down 3.2% due mainly to weaker product
mix and higher raw material prices. Operating profit margin came to
6.1%. Ordinary profit amounted to 151.3 billion yen (US $1,252
million, euro 929 million), down 3.5%.
"Our results for the first quarter were in-line with our
expectations, considering factors such as weaker product mix, higher
raw material prices and the change in effective tax-rate", said
Nissan President and CEO, Carlos Ghosn. "We are encouraged by the
momentum building globally for our new products such as Qashqai,
Altima, Livina and Infiniti G35 and we maintain our forecast for the
full fiscal year."
In 2007, Nissan will launch a total of 11 all-new products
globally. The first quarter saw the launch of three products -
X-TRAIL, Altima coupe and Atlas light commercial truck. Additional
products in FY07 are Livina, Aprio sedan in Mexico, Infiniti G37
coupe, Rogue, GT-R, Infiniti EX luxury crossover, Murano and a
single-cab version of the Frontier-Navara pickup truck.
Note: Amounts in dollars and euros are translated for the
convenience of the reader at the foreign exchange rates of 120.8
yen/dollar and 162.8 yen/euro, the average rates for the fiscal year
to date.
For more information, contact:
    Nissan Motor Co., Ltd.
    Communications CSR Department
    Global Communications CSR and IR Division


For more information, contact: Nissan Motor Co., Ltd., Communications
CSR Department, Global Communications CSR and IR Division,

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