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Nissan Net Revenue, Operating Profit Rise: Archived Q1 Briefing

To watch an archived media briefing on Nissan’s financial results, please click here.

July 29 – Yokohama – Nissan Motor Corporation announced Wednesday net revenue of 2.90 trillion yen, an increase of 17.6% versus 2.47 trillion yen a year ago, for the three months ending June 30, 2015.

Operating profit was 193.7 billion yen, up from 122.6 billion yen, a 58.0% increase.

Net income was 152.8 billion yen, an increase of 36.3% versus 112.1 billion yen in the prior year.

Nissan unit sales increased 4.4% in a market that increased 1.5%, while market share rose to 5.9%, up from 5.7% the previous year. The company sold 1,294,000 vehicles during the period.

“Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe,” said Carlos Ghosn, president and chief executive officer.

“Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance.”

Results for three months to June 30, 2015 (TSE report basis – China JV equity basis)1 Q1 Y-O-Y
Net revenue ¥2.90 trillion($23.9 billion/€21.6 billion) +17.6%
Operating profit ¥193.7 billion($1.6 billion/€1.4 billion) +58.0%
Ordinary profit ¥215.9 billion($1.8 billion/€1.6 billion) +45.2%
Net income2 ¥152.8 billion($1.3 billion/€1.1 billion) +36.3%

Based on average foreign exchange rates of JPY 121.4/USD and JPY 134.2/EUR

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