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Nissan Motor fiscal Q2 profit climbs YOY

Nissan Motor Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥27.55 per share, a gain from ¥26.40 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥115.47 billion, a gain from ¥110.65 billion in the year-earlier period.

The normalized profit margin declined to 3.8% from 4.1% in the year-earlier period.

Total revenue increased 13.2% year over year to ¥3.034 trillion from ¥2.679 trillion, and total operating expenses climbed 11.5% year over year to ¥2.833 trillion from ¥2.540 trillion.

Reported net income increased 38.4% from the prior-year period to ¥172.79 billion, or ¥41.22 per share, from ¥124.87 billion, or ¥29.79 per share.

As of Nov. 5, US$1 was equivalent to ¥121.55.