TOKYO May 11 Nissan Motor Co forecast
on Thursday a 7.7 percent fall in operating profit this year as
the Japanese automaker expects higher raw materials costs and
the yen's strength to weigh on its bottomline.
Nissan expects operating profit to come in at 685.0 billion
yen ($6.00 billion) in the year to March, lower than an average
estimate of 778.4 billion yen from 21 analysts polled by Thomson
Reuters I/B/E/S, and down from a 742.2 billion yen profit posted
in the year just ended.
Nissan's forecast is based on a projection that the yen will
average 108.0 yen to the U.S. dollar in the year through March,
compared with 108.3 yen in the year just ended.
($1 = 114.1200 yen)
(Reporting by Naomi Tajitsu; Editing by Muralikumar