Nissan has reported a 23.6% rise in net income to 338.8 billion yen in the nine months to December 31, its results boosted by the weaker yen, higher sales in the US and lower costs.

Operating profit rose to 417.9 billion yen for the period, representing a 5.2% margin on net revenues that climbed 11.1% to 8.09 trillion yen.

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The company raised its guidance for the current fiscal year. Nissan now expects to report net income for the fiscal year of 420 billion yen (previous projection 405 billion yen) on projected revenues of 11.15 trillion yen.

“Nissan delivered solid financial results in the first nine months of the fiscal year, reflecting rising US sales of our latest models and a normalising yen-dollar exchange rate,” said Carlos Ghosn, president and chief executive officer.

“We anticipate good full-year results as our product offensive and positive momentum in North America and Western Europe offsets volatility in other markets. Given these trends, along with the continuing impact of currency movements and cost controls, we are today revising upward our full-year financial forecast.”

The revised forecast follows a nine-month period in which Nissan says it saw rapidly rising demand for models such as the Altima and Rogue in the US, where retail volumes rose 10.9% to 1.03m units. Nissan also reported a 13.4% rise in European unit sales, reaching 534,000 units, with the Qashqai and new Pulsar cited as key models.

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The double-digit sales increase in the US and Europe offset declines in Japan. In Nissan’s home market, a combination of higher sales tax and weak consumer confidence contributed to lower unit sales, which fell 10.5% to 417,000 vehicles.

In China unit sales rose 5.2% to 879,000 units for the nine-month period. For the calendar year to December 31, sales were up 0.5% to 1.22m units amid “signs of slowing Chinese growth”.

Globally, Nissan sold 3,835,000 vehicles in the first nine months of fiscal 2014, a 4.4% rise year-on-year.

Nissan’s currency boosted results follow a similarly upbeat set of results from Toyota.