Nissan announced its financial results for the 1st half of 2012
. Nissan Motor Co., Ltd. today released its financial results for the first half of fiscal 2012 - which ends March 31, 2013 - and its results for the second quarter. In the first six months of the current fiscal year, the consolidated turnover rises after tax was U.S. $ 57.26 billion (4 546 800 000 000 yen), up 4.1% compared to the same period of the previous fiscal year.
In the first half, Nissan has recorded an operating result of U.S. $ 3.61 billion (287 billion yen), corresponding to an operating margin of 6.3%. Net profit amounted to U.S. $ 2.25 billion (178.3 billion yen), down 2.8% compared to the previous fiscal year. The current result is U.S. $ 3.47 billion (275.6 billion yen) over the period. These results were obtained in an adverse situation unfavorable currency fluctuations, difficult work conditions in Europe and signs of slowing growth in China.
In the first half, Nissan sold 2,476,000 vehicles in the world, an increase of 11.3% over the previous year, largely superior to industry volumes as a whole increased by 7.4%.
"Nissan has recorded positive results despite a complex environment impacted by the strong yen and the unfavorable economic conditions in Europe appreciation, stated Carlos Ghosn, Nissan President and CEO. In spite of these challenges in the short term, Nissan continues its efforts and is still on track to deliver profitable growth in its results for the fiscal year. "
The second quarter (July to September) of the fiscal year 2012, net income of Nissan establishes a U.S. $ 1.35 billion (106 billion yen), up 7.7% from one year on other. The net revenue rises to U.S. $ 30.67 billion (2 410 400 000 000 yen), an increase of 5.5% over the previous year. The operating result of U.S. $ 2.12 billion (166.4 billion yen), up 4.4% from one year to another, which corresponds to an operating margin of 6.9%. The current result is U.S. $ 2.09 billion (164.1 billion yen).
Based on an exchange rate of 80 yen to the dollar in the second half of fiscal 2012, the average rate will be revised 79.7 yen per dollar on the full fiscal year 2012. After taking into account the predictable a strong yen negative impact of slowing growth in China and unfavorable work conditions in Europe, Nissan has revised downwards its forecasts on fiscal 2012. year Nissan has filed today Exchange Tokyo the following forecast for the fiscal year ending March 31, 2013:
Net sales of U.S. $ 123.15 billion (9.815 trillion yen);
Operating U.S. $ 7.21 billion (575 billion yen) result;
Current U.S. $ 6.84 billion (545 billion yen) result;
Net earnings of U.S. $ 4.02 billion (320 billion yen);
Investment expenditures of U.S. $ 6.52 billion (520 billion yen);
R & D expenditures of U.S. $ 5.86 billion (467 billion yen).
The forecast of sales volume in fiscal year during a pass henceforth 5.35 to 5.08 million units, mainly due to unfavorable work situations in China and Europe.
Note: For easier reading of this release, the amounts expressed in dollars for the first half financial results were translated at the exchange rate 79.4 yen / dollar average rate for the fiscal year ending March 31, 2013. The results for the second quarter are based on an exchange rate of 78.6 yen / dollar average rate on current month of July septembre2012.