Year of record global sales; new mid-term growth plan started; Nissan LEAF becomes world’s best selling electric car
Beirut (May 16, 2012) – Nissan Motor Co., Ltd., today announced financial results for the 12-month period ending March 31, 2012, and filed the following results with the Tokyo Stock Exchange:
- Net revenues of 9.409 trillion yen (US $118.95 billion, euro 86.32 billion);
- Operating profit of 545.8 billion yen (US $6.90 billion, euro 5.01 billion);
- Ordinary profit of 535.1 billion yen (US $6.76 billion, euro 4.91 billion); and
- Net income of 341.4 billion yen (US $4.32 billion, euro 3.13 billion).
In fiscal year 2011, Nissan’s global sales reached a record-high of 4.845 million units as demand for its vehicles outperformed the total auto industry. Unit sales of Nissan vehicles rose 15.8% from last year’s 4.185 million units, while total industry volumes increased 4.2% from 72.6 million units in fiscal 2010 to 75.7 million. Nissan’s share of the global market rose 0.6 points to 6.4%.
Carlos Ghosn, Nissan President and Chief Executive Officer, said: “Nissan has delivered robust operating profits and record sales amid growing demand for our models, brands and technologies around the world. It is an even more encouraging performance given the headwinds created by natural disasters, an over-valued Yen and uncertain global economic conditions.”
Nissan recovered quickly from a series of challenges, notably the Great East Japan earthquake of March 2011, to maintain its product launch schedule and market expansion strategy. The company released five new models globally in fiscal 2011: the Tiida in China, the Lafesta Highway Star in Japan, front-drive and rear-drive versions of the NV400 commercial van in Europe and the Infiniti JX in the United States.
In the period, additional milestones were achieved such as the Nissan LEAF becoming the world’s most successful electric vehicle and the extension of partnerships with other automakers including Daimler and Mitsubishi.
In global markets, the company reported significant growth. Unit sales in China, Nissan’s largest single market worldwide, rose 21.9% to 1,247,000 vehicles. In the United States, sales were up 11.8% to 1,080,000 units. Across Europe including Russia, sales were 713,000 units, up 17.5%. In Japan, sales increased by 9.2% to 655,000 units. Other markets totalled 826,000 units, up 16.4%.
“We have begun to deliver on the comprehensive Nissan Power 88 plan that we unveiled last year,” added Ghosn. “Our financial performance, product launches and market penetration over the past 12 months demonstrate our progress towards sustainable operating margins of 8% and 8% global market share.”
The global sales forecast for fiscal year 2012 is 5.35 million units, an increase of 10.4% and another record year. Nissan will launch 10 all-new products globally including the Altima, Pathfinder, Sylphy/Sentra, NV350 Caravan and a long wheelbase version of the Infiniti M hybrid sedan.
On May 11, 2012, Nissan filed the following forecast with the Tokyo Stock Exchange, based on foreign exchange rates of 82 yen/dollar and 105 yen/euro, for the fiscal year ending March 31, 2013:
- Net revenues of 10.3 trillion yen (US $125.61 billion, euro 98.10 billion);
- Operating profit of 700 billion yen (US $8.54 billion, euro 6.67 billion);
- Ordinary profit of 680 billion yen (US $8.29 billion, euro 6.48 billion); and
- Net income of 400 billion yen (US $4.88 billion, euro 3.81 billion).
Note 1: On November 2, 2011, Nissan filed the following forecast with the Tokyo Stock Exchange, based on foreign exchange rates of 79.9 yen/dollar and 111.9 yen/euro, for the fiscal year ending March 31, 2012:
- Net revenues of 9.45 trillion yen (US $118.27 billion, euro 84.45 billion;
- Operating profit of 510 billion yen (US $6.38 billion, euro 4.56 billion);
- Ordinary profit of 480 billion yen (US $6.01 billion, euro 4.29 billion);
- Net income of 290 billion yen (US $3.63 billion, euro 2.59 billion);
Note 2: Amounts in dollars and euros for the results are translated for the convenience of the reader at foreign exchange rates of 79.1 yen/dollar and 109.0 yen/euro, the average rates for the fiscal year ending March 31, 2012.
About Nissan Middle East:
Nissan is a leading automotive brand in the Middle East. It boasts one of the most popular and successful vehicle line-ups in the region. Nissan Motor Co. Ltd. became the first Japanese car manufacturer to establish a regional Middle East HQ in June 1994. Nissan operations cover over 20 countries across the region making it one of the largest representations in the Middle East amongst Japanese automotive brands. Nissan reported its best ever Middle East regional sales results for the financial year 2008 with the company and its distributors achieving over 200,000 sales.
Rasamny-Younis Motor Company S.A.L. (RYMCO) is a joint stock company, ISO certified 9001:2008 that was established in 1957 in Lebanon and is the only automotive dealer to be listed on the Beirut Stock Exchange since 1998. RYMCO is one of the leading vehicle retail dealerships in Lebanon where it holds majority market share in the new vehicle retail industry, and commands a considerable portion of the used vehicle market. RYMCO operates a chain of independent showrooms and stores, a bonded warehouse as well as state-of-the-art servicing and maintenance facilities. The company has an automotive dealership arrangement with auto manufacturers in the US, Japan, Europe and China that include the likes of automotive giants Nissan Motors (Nissan, Infiniti), GM vehicles (GMC), Renault trucks, UD Trucks, and Kawasaki under the Leisure division. RYMCO marine is another unit within the RYMCO operations specialized in the servicing of boats under the brand name of RYMCO Marine.
In 2009, RYMCO UK was granted the right to distribute the Infiniti brand of cars in London. It will cover distribution for the area through three SSS IREDI facilities in Reading, Chiswick and Hatfield; along with a boutique in the centre of London in Piccadilly.
RYMCO SAL holds also the majority of the shareholding of free zone companies in Syria which main activity is the importation of Nissan and Infiniti vehicles and the storage of these vehicles in the free zone areas, for the purpose of reselling them to the Syrian market (mainly to a Syrian company owning the exclusive distribution for Nissan cars in Syria.)
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For additional information, please visit the Nissan Media Channel on www.nissan-me.com or contact:
|RymcoRana EyamiTel: +961 1 273333Fax: +961 1 274311
|Memac Ogilvy PRBlanche Baz / Layale Abou AntounTel: +961 1 486 066Fax: +961 1 486 064