On Thursday, Japanese automaker Nissan Motor Co (7201.T) projected a 38% increase in operating profit due to increased sales and production.
A survey of 19 experts conducted by Refinitiv predicted an average profit of 396.21 billion yen for the current fiscal year. Still, the Yokohama-based carmaker expects operating profit to rise to 520 billion yen ($3.85 billion) this year.
For the three months ending on March 31st, operating profit was 87.4 billion yen, compared to the average prediction of 89.81 billion yen in a survey of 11 analysts. Also, this contrasts with the 56 billion yen profit made during the same period last year.
