NISSAN Motor Co., Ltd. announced financial results for the twelve-month period ending March 31, 2013. Nissan faced a range of challenges during fiscal year 2012, yet fourth quarter profitability enabled the company to achieve its full-year net income target. Nissan also generated strong free cash flow and strengthened its balance sheet during FY2012. Today, Nissan filed the following results with the Tokyo Stock Exchange, based on foreign exchange rates of JPY 82.9/USD and JPY 106.8/EUR, the average rates for the fiscal year ending March 31, 2013: • Net revenues of JPY 9.63 trillion ($116.16 billion) • Operating profit of JPY 523.5 billion ($6.31 billion) • Ordinary profit of JPY 529.3 billion ($6.38 billion) • Net income of JPY 342.4 billion ($4.13 billion) In FY2012, global sales reached a record-high of 4.914 million units, up 1.4% over FY2011. Ten new models were launched to global markets, including the new Altima in the United States; Sylphy in China; and the Note in Japan. Carlos Ghosn, Nissan President and Chief Executive Officer, said: “Fiscal 2012 was marked by both successes and challenges for Nissan. We ended the year with a sound balance sheet, record global sales, an improved brand, and an expanded presence in critical growth markets. Equally important, we have taken countermeasures that will enable us to navigate the headwinds that lie ahead and resume significant growth. As we enter the third year of the Nissan Power 88 mid-term plan, I am confident we have the right strategy in place to deliver on our business objectives.” Looking at sales performance in global markets, sales in the US were up 5.4% to 1.14 million units. Sales volume in China, where sales of Japanese brands have been impacted by the bilateral territorial dispute, declined 5.3% year-on-year to 1.18 million vehicles. Across Europe including Russia, sales were 660,000 units, falling 7.5%. In Japan, sales were down 1.3% to 647,000 units. — SG
