The news for Nissan is good when it comes to the company's results for the 2012 financial year that ended on March 31. Even though the numbers were down in many of the world's major markets, increased sales in the US, Brazil and the Middle East, ten new models and a strong fourth quarter allowed Nissan to hit its target for the year and notch record sales of 4.914 million units globally. On net revenue of $116 billion, Nissan posted net income of $4.13 billion and an operating profit of $6.31 billion.

There are upward-looking projections for this year, Nissan forecasting a 7.8-percent jump in sales to 5.3 million units, with $117.89 billion in net revenue and $4.42 billion in net income. That net revenue number probably won't actually match what's reported next year, though, because Nissan is changing its accounting method and won't include revenue and operating profit results from its joint venture with China's Dongfeng. Net income doesn't change under the new method, but the adjusted net revenue forecast is $109.16 billion.

There's a press release and two videos below with more details for those of you who go gaga for annual reports.





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Nissan FY2012 Net Income at 342.4 Billion Yen (USD 4.13 Billion)

YOKOHAMA, Japan, May 10 2013 – Nissan Motor Co., Ltd. today announced financial results for the twelve-month period ending March 31, 2013. Nissan faced a range of challenges during fiscal year 2012, yet fourth quarter profitability enabled the company to achieve its full-year net income target. Nissan also generated strong free cash flow and strengthened its balance sheet during FY2012.

Today, Nissan filed the following results with the Tokyo Stock Exchange, based on foreign exchange rates of JPY 82.9/USD and JPY 106.8/EUR, the average rates for the fiscal year ending March 31, 2013:

- Net revenues of JPY 9.63 trillion (USD 116.16 billion, EUR 90.17 billion);
- Operating profit of JPY 523.5 billion (USD 6.31 billion, EUR 4.90 billion);
- Ordinary profit of JPY 529.3 billion (USD 6.38 billion, EUR 4.96 billion); and
- Net income of JPY 342.4 billion (USD 4.13 billion, EUR 3.21 billion).

In FY2012, global sales reached a record-high of 4.914 million units, up 1.4% over FY2011. Ten new models were launched to global markets, including the new Altima in the United States; Sylphy in China; and the Note in Japan.

Carlos Ghosn, Nissan President and Chief Executive Officer, said: "Fiscal 2012 was marked by both successes and challenges for Nissan. We ended the year with a sound balance sheet, record global sales, an improved brand, and an expanded presence in critical growth markets. Equally important, we have taken countermeasures that will enable us to navigate the headwinds that lie ahead and resume significant growth. As we enter the third year of the Nissan Power 88 mid-term plan, I am confident we have the right strategy in place to deliver on our business objectives."

Looking at sales performance in global markets, sales in the US were up 5.4 year-on-year to 1.18 million vehicles. Across Europe including Russia, sales were 660,000 units, falling 7.5 to 647,000 units. Strong results were reported in other markets, including Thailand, Brazil, and the Middle East; sales totalled 959,000 units, up 16.3% over the prior year.

Nissan solidified its position as the leading automaker for electric vehicles and zero-emission mobility during the fiscal year. More than 62,000 Nissan LEAF units have been sold worldwide since the product's launch. During 2012, Nissan launched production in the U.S. and the U.K. to increase the ability to grow global sales.

FY2013 Outlook
The global sales forecast for fiscal year 2013 is 5.3 million units, an increase of 7.8%. Nissan plans to launch several new vehicles during fiscal 2013; among them will be the first new model of the Datsun brand.

Based on this sales outlook and an exchange rate of JPY 95/USD and JPY 122/EUR, the following is Nissan's pro forma outlook for the fiscal year ending March 31, 2014:

- Net revenue is forecast to be JPY 11.2 trillion (USD 117.89 billion, EUR 91.80 billion);
- Operating profit is expected to be JPY 700 billion (USD 7.37 billion, EUR 5.74 billion);
- Ordinary profit is expected to be JPY 665 billion (USD 7.0 billion, EUR 5.45 billion); and
- Net income is forecast to be JPY 420 billion (USD 4.42 billion, EUR 3.44 billion).

Due to changes in reporting standards, Nissan will use different methodology to account for its financial results from fiscal 2013 onward. Specifically, Nissan will shift to the Equity Method accounting procedures starting in fiscal 2013 for the joint venture between Nissan and Dongfeng in China. Though net income reporting will remain unchanged under the new accounting method, henceforward income statements will no longer include Dongfeng-Nissan's results in revenues and operating profit.

Based on the new reporting method, Nissan today filed the following forecasts with the Tokyo Stock Exchange, based on foreign exchange rates of JPY 95/USD and JPY 122/EUR, for the fiscal year ending March 31, 2014:

- Net revenue is forecast to be JPY 10.37 trillion (USD 109.16 billion, EUR 85.0 billion);
- Operating profit is expected to be JPY 610 billion (USD 6.42 billion, EUR 5.0 billion);
- Ordinary profit is expected to be JPY 645 billion (USD 6.79 billion, EUR 5.29 billion); and
- Net income is forecast to be JPN 420 billion (USD 4.42 billion, EUR 3.44 billion).

About Nissan Motor Co.
Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 267,000 employees globally, Nissan sold more than 4.9 million vehicles and generated revenue of 9.6 trillion yen (USD 116.16 billion) in fiscal 2012. Nissan delivers a comprehensive range of over 60 models under the Nissan and Infiniti brands. In 2010, Nissan introduced the Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, the first mass-market, pure-electric vehicle launched globally, is now the best-selling EV in history.


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    • 1 Second Ago
  • 27 Comments
      zigzagz
      • 1 Year Ago
      You made 4.13 BILLION and still won't give me a S16 Silvia. F U DATSUN
      Corey
      • 1 Year Ago
      Yet not enough money for a FR-S competitor? Cool.
        Scooter
        • 1 Year Ago
        @Corey
        Its a exchange rate and cost to build vs real world sales thing I guess. The FRS flys off dealership lots but its only 'cuz a dealer may have 1~3 at any given time.
      Ken Mam
      • 1 Year Ago
      I guess outsourcing to Mexico and china works....
        tinted up
        • 1 Year Ago
        @Ken Mam
        Small cars in Mexico? Yes, just like most manufacturers. Altima, Maxima, Frontier, Titan, Armada, Xterra, and NV all made in USA with US parts content that rivals "American" manufacturers. Rogue production is slated to move stateside this year. Chinese products are NOT sold in US.
          chanonissan
          • 1 Year Ago
          @tinted up
          YOU are the one need to know the heck before you speak. Nissan is not control by french, they are an alliance, that different by owning the company out right or have majority shares, the renault own 43.4 %, nissan have 53.5 % which make them majority share holder, nissan own 15% of renault, Daimler own 3.1% of nissan and renault respectively , nissan and renault owns 1.55 % of daimler respectively. Further more nissan does not use renault gasoline engines (although some are co develop) nor auto transmission (only the six manual), but renault use nissan gasolines and auto transmission, nissan only uses renault small diesel engines, and the VX9 3.0 liter and the M9R both clean diesel they co develop.
          S
          • 1 Year Ago
          @tinted up
          Nissan is in an Enterprise zone in Tennesse where the tariffs on imported parts are zero. Please know what the heck you are talking about before you speak. Besides, Nissan is controlled by the French, that about sums it up for me.
      Max Bramante
      • 1 Year Ago
      Bagatelle! Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. TOYOTA ROCKS!!!!!!!!
        The Friendly Grizzly
        @Max Bramante
        And all this time, I thought this was an article about Nissan.
          chanonissan
          • 1 Year Ago
          @The Friendly Grizzly
          why not compare Ford, GM or VW to Toyota they are about the same size. Nissan, Honda and Chrysler are more in size.
          chanonissan
          • 1 Year Ago
          @The Friendly Grizzly
          I wonder if he knows toyota sell 9 million vehicle and nissan sell 4.9 million and toyota produce a combined of close to 10 million vehicle twice the amount of vehicle that nissan produce, toyota sell in markets that nissan is just starting to emerge or have not sell any vehicle there, so what is MAX Bramante point? I know in the law of maths the more you sell the more profit so why compare a smaller manufacture to a larger one.
      Cruising
      • 1 Year Ago
      For all the flack the majority of commenters on Autoblog give Nissan they have the most eccentric lineup of vehicle compared to Honda and Toyota. Plus it's not like Nissan can't build enjoyable cars, if young listened to the recent podcast you would understand why. With a recent investment in NISMO specific plant and a new Maxima, Murano on the horizon plus the Versa Note going on sell this summer you haters are really going to be up in arms. Keep on hating all the pieces are in place and in a few years time better watch out. Plus with the CEO recently announcing price reductions accross the board I think he is slowly coming to his senses.
        • 1 Year Ago
        @Cruising
        [blocked]
          chanonissan
          • 1 Year Ago
          Nissan CVT problem was with the V6 engines only, the murano and maxima, it was only one year 2007 -2008 when nissan found their was some problem with the oil pump that cause the transmission to over heat and fail, that was a fault by supplier, nissan went ahead and give a 10 year warranty to smooth concern on all CVTs, this was blowing out of proportion, it was made to note only 4% vehicle have failure. That can be backup by Emund that have all of nissan CVT vehicle reliability data from 2003 - 2012, from all survey from jd power , Consumer report ETC http://www.edmunds.com/nissan/murano/2007/reliability.html?style=&sub=
          chanonissan
          • 1 Year Ago
          Should be noted nissan still have a 10 year warranty on the CVTs.
      over9000
      • 1 Year Ago
      To all the whiners out there... Bland does sell...
      Rich
      • 1 Year Ago
      ... and $4.12B in expenses.
      HerminiaFick
      • 1 Year Ago
      my best friend's mother makes $87/hr on the laptop. She has been out of a job for 7 months but last month her check was $15870 just working on the laptop for a few hours. Go to this web site and read more... up444.cℴm
      Jonathan
      • 1 Year Ago
      It's always the rich who cry poor but in the end they're the ones with the huge profits. This is the same company that raises the price of it's sports cars every year due to "currency exchange rates." That's the way the world works, though.
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