SUPPLEMENTAL NISSAN NEWS From: Corporate Communications Department
A30-SN-8084 Date: November 10, 1998
Nissan Revises Its Estimate of Consolidated Financial Results
for the Current Fiscal Year
Tokyo ... Nissan Motor Co., Ltd. today issued a revised forecast for the consolidated financial results for the fiscal year ending March 31, 1999.
Forecast for Consolidated Financial Results for the Fiscal Year
(from April 1, 1998 to March 31, 1999)
Millions of Yen
|
Net Sales |
Ordinary Income |
Net Profit |
|
|
Previous Forecast (A) |
6,500,000 |
70,000 |
0 |
|
Revised Forecast (B) |
6,400,000 |
60,000 |
-30,000 |
|
Variance (B - A) |
-100,000 |
-10,000 |
-30,000 |
|
Variance (%) |
-1.5% |
-14.3% |
- |
Reasons for the Revised Financial Forecast
The company revised the forecast for consolidated financial results due mainly to a revision of the non-consolidated financial forecast and the impact of the weakened Mexican Peso.
For your reference (Financial results for the previous fiscal year that ended March 31, 1998)
Millions of Yen
|
Net Sales |
Ordinary Income |
Net Profit |
|
6,564,637 |
4,695 |
-14,007 |
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