Nissan Motor Co., Ltd. announced financial results for the six-month period to September 30, 2017 In the first half, Nissan generated an operating profit of $2.48 billion USD on net revenues of $49.7 billion USD. Excluding special item costs associated with final vehicle inspection issues in Japan and class action settlements in the US, first-half operating profits reached $2.84 billion USD. In the second quarter, excluding special item costs, operating profits rose 9.2% to $1.49 billion USD amid rising unit sales in markets including Japan and China, where demand increased for models such as the Serena, Note e-POWER, X-Trail and Sylphy. Nissan’s financial results for the six-month period to September 30, 2017. Revenues: $49.7 billion USD vs $46.0 billion USD, up 8.1% Operating profit: $2.48 billion USD vs $2.86 billion USD, down 13.2% Operating margin: 5.0% vs 6.2%, down 1.2% Ordinary profit $3.25 billion USD vs $3.36 billion USD, down 3.2% Net income: $2.43 billion USD vs $2.45 billion USD, down 0.7% Nissan Sales performance For the six-month period to September 30, 2017, Nissan’s global vehicle sales increased 4.6 percent to 2.73 million units. In Japan, Nissan’s sales rose by 34.1 percent to 283,000 vehicles, equivalent to a market share of 11.4 percent, reflecting increased sales of both mini cars and registered passenger vehicles. Nissan’s China sales, which reports figures on a calendar year basis, rose 6.7 percent to 651,000 vehicles, equivalent to a market share of 5.2 percent amid strong demand for vehicles such as the X-Trail and Sylphy. In Europe, including Russia, Nissan’s sales rose 3.6 percent to 375,000 vehicles, which resulted in a market share of 3.8 percent. Models including the Qashqai and Micra helped drive demand in the region. Nissan sales in the US declined 0.4 percent to 779,000 vehicles, compared with a 2.1 percent decline in the US market as a whole for the six-month period. In other markets, Nissan sales rose 2.3 percent to 390,000 vehicles as strong growth in Latin America and Africa offset sluggish conditions in the Middle East, Asia and Oceania. Nissan Outlook For the 12 months ending March 31, 2018, the company has revised its operating profit guidance downward by $350 million USD to $5.67 billion USD to reflect the expected net impact related to vehicle final inspection issues in Japan, after taking account of other cost efficiency offsets. As non-operating items and the effective tax rate are projected to improve versus the prior outlook, net income outlook remains unchanged. Nissan is also maintaining its previously-announced forecast for full-year net revenue. Nissan M.O.V.E. to 2022 In addition to first-half financial results, details of Nissan’s ongoing midterm plan “Nissan M.O.V.E. to 2022” were shared. The mission of the six-year plan is to achieve sustainable growth and to lead the technology and business evolution of the automotive industry. By the end of the plan, under the proportional consolidation of our Chinese joint venture, Nissan aims to grow revenues from $110 billion USD to $150 billion USD, and generate a cumulative $20 billion USD of automotive free cash flow, with an 8% operating margin. All monetary results above were converted from yen to USD using today’s exchange rate of 1 Japanese Yen to 0.0088 US Dollars.