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Nissan Posts First Quarterly Profit in Two Years
['News On Japan']
News On Japan
The modest quarterly profit stands in contrast to the far larger earnings Nissan generated during much of the previous two decades.
Nissan recorded a net profit of 518.1 billion yen in the fiscal year that ended in March 2006, followed by profits of 460.8 billion yen and 482.3 billion yen over the next two years.
From fiscal 2010 through fiscal 2015, Nissan generally reported annual net profits of between 300 billion yen and more than 500 billion yen.
Profit reached 663.5 billion yen in fiscal 2016, helped by the sale of Nissan's stake in auto parts supplier Calsonic Kansei.
The April-June profit of 3.761 billion yen is therefore small compared with the hundreds of billions of yen Nissan earned annually during its strongest years.