Nissan profits surge, raises annual forecast
Japanese auto giant Nissan on Wednesday said net profit in the fiscal third quarter rose 78 per cent as sales in Asia and China offset weak demand at home and the impact of a strong yen.
Nissan said its net profit in the three months ended December was 80.1 billion yen ($972 million), beating expectations for a 58.5 billion yen profit based on a survey of six analysts compiled by the Nikkei business daily.
The automaker, which is roughly 43 per cent owned by French automaker Renault, also hiked its annual profit forecast to 315 billion yen, up from a projected 270 billion.
Net profit in the nine months to December soared 434.5 per cent to 288.4 billion yen, the automaker said in an earnings statement.
Nissan shares closed up 2.52 per cent in Tokyo ahead of the earnings announcement.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Fi Vietnam 2026: The gateway to Vietnam’s food and beverage ingredients industry (November 06, 2025 | 08:00)
- Strengthening Swedish–Vietnamese innovation and trade ties (November 04, 2025 | 15:17)
- Ho Sy Hung elected chairman of Vietnam Chamber of Commerce and Industry (November 04, 2025 | 14:05)
- AIA Vietnam wins Corporate Excellence Award at APEA 2025 (November 04, 2025 | 11:20)
- E-commerce platforms and social networks face stricter responsibilities under draft law (November 04, 2025 | 10:44)
- Mondelez Kinh Do Vietnam names new managing director (November 03, 2025 | 15:00)
- Vietjet launches new Ho Chi Minh City–Manila route (November 03, 2025 | 10:57)
- AI and big data reshape Vietnam’s e-commerce landscape (November 03, 2025 | 10:00)
- Agreements mark new chapter in Vietnam–UK economic cooperation (November 01, 2025 | 21:28)
- “Taste of Malaysia” marks the official start at FujiMart (November 01, 2025 | 08:00)
Mobile Version