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Nissan Raises Full-Year Forecast, Expects JPY50 billion Operating Profit
Nissan Motor expects to record an operating profit of JPY50 billion (approximately USD314 million) for the past fiscal year ended March, compared with its previous forecast of an o...
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Nissan Motor expects to record an operating profit of JPY50 billion (approximately USD314 million) for the past fiscal year ended March, compared with its previous forecast of an operating loss of JPY60 billion. This implies the company will avoid posting its first annual operating loss in five years, mainly benefiting from positive impacts brought by adjustments to US emissions regulations, as well as cost-cutting measures and favorable foreign exchange factors.

Nissan said that, supported by favorable foreign exchange factors, it has narrowed its full-year net loss forecast to JPY550 billion, while raising its revenue forecast to JPY12 trillion. The company expects free cash flow in its automotive business to turn positive in the second half of the fiscal year, and projects automotive net cash to exceed JPY1 trillion by the end of the past fiscal year. (mn/a)

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