TOKYO – Nissan Motor Co., Ltd., today announced financial results for the third quarter of fiscal year 2005, ending March 31, 2006, as well as for the first nine months. In the third quarter, consolidated net income after tax rose 0.6%, compared with the same period a year ago, to 135.0 billion yen (US $1.20 billion, euro 0.99 billion).
Nissan sold a total of 819,240 vehicles worldwide in the October-to-December 2005 period, up 0.4%. Net revenue rose 10.0% to 2.301 trillion yen (US $20.53 billion, euro 16.91 billion).
Nissan’s operating profit totaled 219.6 billion yen (US $1.96 billion, euro 1.61 billion), up 5.2%, while its operating profit margin came to 9.5%. Ordinary profit amounted to 209.8 billion yen (US $1.87 billion, euro 1.54 billion), down 0.3%.
In the April-to-December 2005 period, net income after tax totaled 365.7 billion yen (US $3.26 billion, euro 2.69 billion), down 2.0% compared with the previous year, due to one-time charges in the first quarter. The charges related to a change in Japanese accounting standards for the treatment of fixed assets and the introduction of Nissan’s defined contribution pension plan.
Globally, Nissan sold a total of 2,653,648 vehicles in the first nine months of fiscal year 2005, up 10.0% compared with last year. Sales were higher in all major markets, especially in the US, Europe and China. Net revenue rose 11.4% to 6.792 trillion yen (US $60.59 billion, euro 49.91 billion).
Nissan’s operating profit from April to December totaled 631.2 billion yen (US $5.63 billion, euro 4.64 billion), up 3.1%, while its operating profit margin came to 9.3%. Ordinary profit amounted to 605.5 billion yen (US $5.40 billion, euro 4.45 billion), down 1.1%.
Nissan is maintaining its forecast for the full fiscal year.
Notes: Amounts in dollars and euros are translated for the convenience of the reader at the foreign exchange rates of 112.1 yen/dollar and 136.1 yen/euro, the average rates for the first nine months of the fiscal year ending March 31, 2006.
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