Nissan Profits Jump 10 Percent Helped by Weak Yen

Nissan has seen full-year profits jump 10%, boosted by better sales, cost-cutting and a weaker yen.

Japan’s second-biggest carmaker said net profits in the year to end-March were 389bn yen ($3.8bn; £2.26bn), on sales up 20% to 10.48tn yen.

Nissan forecast more growth this year, boosted by sales in emerging markets of its re-launched Datsun marque.

Japan’s carmakers have been helped by the weaker yen, which inflates profits repatriated from overseas.

Last week, Toyota reported annual net profits of 1.82tn, almost double the year before.

Nissan is currently increasing manufacturing capacity in Thailand, China and Russia.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza