Nissan has reduced by 20% the estimates on expected earnings at the end of 2012, from 400 to 320 billion yen, equal to approximately 3,12 billion euros. The Japanese automaker had to revise its forecasts due to weakness in the European market and slump in deliveries to China, linked to an ongoing territorial dispute between Tokyo and Beijing. The Sino-Japanese diplomatic conflict over the Senkaku Islands has in fact led Nissan to cut its annual sales forecasts in China by 175 units.
Overall sales forecasts for the year to March 2013 are thus lowered to 1,175 million vehicles against the 1,35 million previously forecast. Nissan also disclosed data for the first half of the fiscal year ended with net profit of 178,3 billion yen, down 2,8%.
