Nissan Expects to be at Full Production by October

YOKOHMAMA, Japan — Nissan Motor Co. Ltd. announced its financial forecasts for fiscal year 2011 (April 1, 2011 through March 31, 2012). Based on foreign exchange rate assumptions of 80.0 yen/dollar and 115.0 yen/euro, Nissan anticipates net revenues of $117.5 billion, operating profit of $5.75 billion and ordinary profit of $5.51 billion.

The company expects to see with capital expenditures totaling  at $5.13 billion. R&D expenses are expected to reach $5.75 billion.

Global sales for fiscal year 2011 are forecasted to be 4.6 million units, an increase of 9.9%  over last year. In addition, the company is planning to double dividend payments for fiscal year 2011 to 20 yen, or about 25 cents, for the full year.

Nissan anticipates a return to full unrestricted production in October as parts suppliers fully recover from the March 11 Japanese earthquake.

"Continuous growth in 2011 will bring Nissan a new record volume," said Carlos Ghosn, Nissan president and CEO. "The unrelenting work ethic of Nissan employees is an inspiration – particularly after one of the worst natural disasters in modern history. The high level of motivation and performance of our Nissan team continues to be the foundation of our success."