Nissan Motor Co. said Tuesday its net operating profit fell 25.7 percent to 153.35 billion yen on sales of 2.21 trillion yen, up 3.1 percent, in the April-June quarter as there were no new model launches to boost global sales.
Despite the weak figures, President Carlos Ghosn said in a statement that Nissan will not revise its forecast for the full year as it already had predicted the decline.
Nissan has said it plans to rake in a group net profit of 523 billion yen on sales of 10 trillion yen in fiscal 2006.