Nissan Raises Profit Outlook on U.S. Demand, Weaker Yen
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Nissan Motor Co. raised its profit forecast as the weaker yen and growth in U.S. deliveries boosted export earnings, countering a slowdown in Japan.
Net income will be 420 billion yen ($3.5 billion) in the year ending March, compared with its previous projection for 405 billion yen, the Yokohama, Japan-based company said in a statement today. Nissan also raised its projections for full-year operating profit and net revenue, though it cut the global delivery target by 150,000 vehicles to 5.3 million units.