Nissan Motor Co. revised downward on Wednesday its full-year profit forecast for the fiscal year through next March, as it reels from an inspection scandal in which uncertified workers conducted final tests on cars.
Nissan now expects its group operating profit to stand at ¥645 billion ($5.6 billion) for fiscal 2017 — compared with an earlier estimate of ¥685 billion — due to costs related to the scandal.
The carmaker kept its group net profit and sales outlooks unchanged. Net profit is estimated at ¥535 billion, down 19.4 percent from the previous year, on sales of ¥11.8 trillion, up 0.7 percent.