Nissan Reports First Quarter Results for Fiscal Year 2017
- Nissan reports financial results in line with company expectations despite rising raw material costs, adverse foreign exchange impacts, and slower than anticipated growth in key markets.
- Sales in Japan up 45.6%, US sales up more than total industry volume at 1.2%, sales in China up 5.3%, sales in Europe up 1.1%, and sales in other markets, including Asia and Oceania, Latin America, the Middle East and Africa up 1.2%.
Yen in billions | First Quarter FY16 |
First Quarter FY17 |
% change year on year |
Revenues | 2,654.5 | 2,760.4 | +4.0 |
Operating profit | 175.8 | 153.3 | -12.8 |
Operating margin % | 6.6 | 5.6 | -1.0 |
Ordinary profit | 198.2 | 189.6 | -4.4 |
Net income2 | 136.4 | 134.9 | -1.1 |
Net revenue | ¥11.8 trillion |
Operating profit | ¥685 billion |
Net income2 | ¥535 billion |
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