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Nissan Motor Co., Ltd.

Nissan Net Income Up 4.2% in FY06 First Quarter

Tokyo, Japan (ots/PRNewswire)

Nissan Motor Co., Ltd., today
announced that consolidated net income after tax totalled 110.2
billion yen (US$962 million, euro 783 million) in the first quarter
of fiscal year 2006, ending March 31, 2007, up 4.2% compared with the
same period a year ago. The rise in net income for 2006 reflects the
exceptional charges taken in the same period in 2005 relating to
accounting standards changes and the introduction of Nissan's defined
contribution pension plan.
Globally, Nissan sold a total of 826,000 vehicles in the
April-to-June period, down 6.0%. Net revenue rose 3.1% to 2.210
trillion yen (US$19.30 billion, euro 15.71 billion).
Nissan's operating profit totalled 153.3 billion yen (US$1.34
billion, euro 1.09 billion), down 25.7%. The decline was due in part
to a one-time charge for a four-cylinder engine warranty provision in
North America. Operating profit margin came to 6.9%. Ordinary profit
amounted to 156.7 billion yen (US$1.37 billion, euro 1.11 billion),
down 25.6%.
"As we predicted, the first half is proving to be challenging as
we face significant headwinds and only one new model introduction,"
said Nissan President and CEO Carlos Ghosn. "We are maintaining our
forecast for the full fiscal year and remain confident that our new
product introductions will provide a significant contribution to our
business in the second half of this fiscal year, and to the
achievement of Nissan Value-Up."
In the second half of fiscal 2006, Nissan will release eight new
models around the world, including the Sentra, Altima and Infiniti
G35 sedans for the US.
Notes: Amounts in dollars and euros are translated for the
convenience of the reader at the foreign exchange rates of 114.5
yen/dollar and 140.7 yen/euro, the average rates for the first three
months of the fiscal year ending March 31, 2007.
For more information, contact:
    Nissan Motor Co., Ltd.
    Communications CSR Department
    Global Communications CSR and IR Division
    Tel:+81-(0)3-5565-2141
    <http://press.nissan-global.com/EN>

Contact:

Nissan Motor Co., Ltd., Communications CSR Department, Global
Communications CSR and IR Division, Tel:+81-(0)3-5565-2141

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