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Nissan in <strong>2005</strong><br />
An operating profit margin of 9.3%<br />
In February 2006, Nissan Motor announced financial<br />
results for the first nine months of fiscal year <strong>2005</strong>,<br />
ending March 31, 2006.<br />
In the April-to-December <strong>2005</strong> period, net income after<br />
tax totaled ¥365.7 billion ($3.26 billion, 52.69 billion),<br />
down 2.0% compared with the previous year, due to<br />
one-time charges in the first quarter. The charges<br />
related to a change in Japanese accounting standards<br />
for the treatment of fixed assets and the introduction<br />
of Nissan’s defined contribution pension plan.<br />
Globally, Nissan sold a total of 2,653,648 vehicles in the first<br />
nine months of fiscal year <strong>2005</strong>, up 10.0% compared<br />
with last year. Sales were higher in all major markets,<br />
especially in the US, Europe and China. Net revenue rose<br />
11.4% to ¥6.792 trillion ($60.59 billion, 549.91 billion).<br />
Nissan’s operating profit from April to December totaled<br />
¥631.2 billion ($5.63 billion, 54.64 billion), up 3.1%,<br />
while its operating profit margin came to 9.3%. Ordinary<br />
profit amounted to ¥605.5 billion ($5.40 billion, 54.45<br />
billion), down 1.1%. Nissan maintained its forecast<br />
for the full fiscal year.<br />
The successful Tiida model fueled<br />
Nissan’s sales in China.<br />
The Pathfinder SUV is a major hit<br />
in the US.<br />
62<br />
<strong>2005</strong> <strong>Renault</strong> Annual Report
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