Nissan Posts Strong Outlook on New Vehicle Models, Weak Yen [Financial Post (Toronto, Ontario, Canada)]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Nissan Motor Co. forecast a stronger-than-expected operating profit in the current fiscal year on cost cuts and a weak yen, and said car sales from Japan to the US and China should be robust amid new model rollouts. The Japanese automaker expects an operating profit of ¥600 billion ($3.9 billion) for the year through March 2025, higher than the market's estimate of ¥580 billion and more than the previous year's ¥569 billion. The yen's weakness should boost operating profit by around ¥70 billion, it added in a statement Thursday. Article content Article content Nissan also forecast annual global vehicle sales of 3.7 million units, compared with 3.4 million the previous year. While Nissan cut its sales target multiple times last fiscal year, Chief Executive Officer Makoto Uchida said Thursday that the company plans to avoid doing so this year by
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