NISSAN has announced its financial forecasts for fiscal year 2011 (April 1, 2011 through March 31, 2012), and has filed forecasts with the Tokyo Stock Exchange.
Those are net revenues of 9.4 trillion yen (US $117.5 billion, euro 81.74 billion), operating profit of 460 billion yen (US $5.75 billion, euro 4 billion) ordinary profit of 441 billion yen (US $5.51 billion, euro 3.83 billion).
Net income is 270 billion yen (US $3.38 billion, euro 2.35 billion), while capital expenditures is 410 billion yen (US $5.13 billion, euro 3.57 billion), and R&D expenses is 460 billion yen (US $5.75 billion, euro 4 billion).
The company is forecasting global sales for fiscal year 2011 to be 4.6 million units, an increase of 9.9 per cent compared to the previous year, and is planning to double dividend payments for fiscal year 2011 to 20 yen for the full year.
Nissan anticipates a return to full unrestricted production in October, as parts suppliers fully recover from the earthquake on March 11.
‘Continuous growth in 2011 will bring Nissan a new record volume,’ said Nissan President and CEO Carlos Ghosn. ‘The unrelenting work ethic of Nissan employees is an inspiration – particularly after one of the worst natural disasters in modern history. The high level of motivation and performance of our Nissan team continues to be the foundation of our success.’