Nissan Motor Co., one of Japan's three major automakers, reported on its earnings report on the 9th that the company's operating profit fell 14.3% year-on-year to 503.24 billion yen in the second to fourth quarter of last year. The dollar is about 112 yen). Textile Sublimation Printing Machine Textile Sublimation Printing Machine,Custom Printing,Transfer Paper Printing,Polyester Sublimation Printing Shenzhen Textalk Graphic Technology Co.,Ltd , https://www.textalkdigital.com
The data also showed that from April to December last year, Nissan's net profit fell 8.5% year-on-year to 414.17 billion yen, and sales decreased by 7.6% year-on-year to 8.26 trillion yen.
Nissan expects that the company's net profit for the fiscal year 2016 (as of March 31 this year) will increase by 0.2% to 525 billion yen from the previous fiscal year, but operating profit may fall by 10.5% to 710 billion yen. Sales will also decrease by 3.2% to 11.8 trillion yen.
In the nine months to the end of last year, the average exchange rate of the Japanese Yen against the US dollar was 106.6 to 1, which was a significant appreciation from the 121.7 to 1 in the same period of the previous year, affecting the performance of Japanese exporters including Nissan. Nissan's financial report shows that although the company's car sales in North America and China increased in the second to fourth quarter of last year, the appreciation of the yen still brought losses of 261.4 billion yen to the company's operating profit.
Specifically, from April to December last year, Nissan sold a total of 3.99 million vehicles worldwide, up 2.6% year-on-year. However, the company's domestic sales in Japan are not good, down 10% year-on-year, to only 344,000. Nissan expects the company's global car sales to be 5.6 million units in FY2016.