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Nissan revises down earnings outlook

Updated: 2012-11-06 19:11
( Xinhua)

Nissan revises down earnings outlook

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Nissan Motor Co's Chief Operating Officer Toshiyuki Shiga attends a news conference at company's headquarters in Yokohama, south of Tokyo November 6, 2012.?[Photo/Agencies]

 

TOKYO?- Nissan Motor Co. on Tuesday revised down its earnings forecast for fiscal 2012 amid declining sales in China in the wake of territorial dispute with China over a set of islands in the East China Sea.

For the business year ending March 31, Nissan expects to see a group net profit of 320 billion yen and a consolidated operating profit of 575 billion yen, compared with earlier projections of 400 billion yen and 700 billion yen, respectively.

The company forecast sales of 9.82 trillion yen, compared with prediction of 10.3 trillion yen in July.

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