<div id="readability-page-1"><div><p>Nissan Motor (7201.JP) reported that for the fiscal year ended March, revenue decreased by 4.9% YoY to JPY12.01 trillion. Operating profit amounted to JPY58.005 billion, down 16.9% YoY. Losses narrowed to JPY533.095 billion, compared with a loss of JPY670.898 billion in the same period of the previous fiscal year. The company recorded impairment charges of JPY240 billion for the full year. Group-wide retail sales for the year totaled 3.151 million vehicles, representing a YoY decline of 5.8%.</p><p>Nissan expects operating profit to recover in the current fiscal year ending next March, reaching JPY200 billion (approximately USD1.3 billion), implying a YoY increase of 244.8% and exceeding analysts average forecast of JPY119 billion, indicating that the companys cost-cutting measures are beginning to show results. (mn/da)</p></div></div>

NSANY

7201

<p>Nissan Motor (7201.JP) FY Operating Profit Falls 17% to JPY58B; Current FY Guidance Beats Expectations</p>