The results are better than expected in the forecast announced after the filing of the third-quarter financial results on February 9. The net income for FY2009 was 42.4 billion yen ($460 million).
"Fiscal year 2009 was an extremely challenging year. Within Nissan, we kept our focus on recovery, guided by our company's recovery plan," Nissan CEO Carlos Ghosn said when announcing the results. "Though we are still operating in crisis mode, Nissan is well on track toward complete recovery without any compromise to our strategic priorities."
For the year ahead, Nissan revised its forecast, increasing the sales target by 8.1 percent to 3.8 million units. Financially, the group estimates the following results:
- net revenues of 8.2 trillion yen ($ 91.11 billion)
- operating profit 350 billion yen ($ 3.89 billion)
- ordinary profit of 315 billion yen ($ 3.5 billion)
- net income of 150 billion yen ($ 1.67 billion)
- capital expenditures of 360 billion yen ($ 4 billion)
- R&D expenses of 430 billion yen ($ 4.78 billion)
"Although we continue to operate in an environment that is volatile and uncertain, fiscal year 2010 will be an important year in which we launch an affordable, mass-market, all-electric, zero-emission vehicle, extend our presence in emerging markets and develop additional synergies in the Renault-Nissan Alliance," Ghosn added.
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