Nissan Motor has reported record net income of 512.3 billion yen ($US4.8 billion; €3.8 billion) in the fiscal year that ended March 31, a 1.7% rise from a year earlier, as car sales surged in the United States.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Fiscal year 2004 was a tough year, full of both anticipated and unexpected risks, but Nissan lived up to all the challenges,” Nissan chief executive Carlos Ghosn said, according to The Associated Press (AP).
But Ghosn reportedly said the coming year would be even tougher, filled with risks such as possible higher US interest rates, steeper steel and oil prices, and volatile foreign exchange rates.
Sales rose 15.4% in fiscal 2004 to 8.6 trillion yen from 7.4 trillion yen, AP said, noting that the results were in line with what the automaker and analysts had forecast.
For the fiscal year to the end of March 2006, Nissan has forecast group net profit of 517 billion yen on 9 trillion yen in sales.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Associated Press said that, for fiscal year 2004, Nissan said it sold a better-than-expected record 3.39 million vehicles around the world, up 10.8% from 3.06 million the previous year.
