Cost cutting compensated for falling demand and helped struggling truck maker Nissan Diesel raise net profit by 0.9% to 610 million yen ($US4.9 million) for its latest financial year.

Earnings per share increased slightly from 2.34 to 2.36 yen.
Sales fell 8% to 371 billion yen and operating profit dropped 8.8 percent to 11.53 billion but Nissan Diesel claimed an industry-best operating margin of 3.1%.

The company said Japanese truck demand slumped 2.3% in the second half of 2001 while sales of models able to carry four tonnes-plus dropped to 75,431 units – under half of 1990s peak volume.

Nissan Diesel is forecasting four-tonne-plus segment sales of only 76,000 vehicles this financial year as its total sales in Japan rise 3.3% to 169,000 units.

It predicts sales in foreign market will increase 12% to 109,000 but this will be partly offset by accounting changes in the US where 12 months#; sales will be included instead of nine last financial year.

Nissan Diesel plans to boost operating profit to 13 billion yen, a rise of 13% while net profit reaches one billion yen from 380 billion of sales.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.