Nissan 2004 Annual Report Download - page 8

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Nissan Annual Report 2003
6
Looking to the Future
As NISSAN 180 comes to a close in the coming year, the pace of change will
only continue to accelerate. There are great risks and great opportunities in the
coming year; the risks include foreign exchange rate fluctuations, rising
commodity prices and interest rates; the opportunities—the strengths arising
from NISSAN 180’s implementation.
The predictions for the coming year:
• Net revenue of ¥8.176 trillion, up 10.1 percent
• Operating profit of ¥860 billion, up 4.3 percent
• Ordinary profit of ¥846 billion
• Net income of ¥510 billion
• Capital expenditures will be ¥480 billion
• ROIC will remain above 20 percent
Growing Globally
In fiscal year 2003, Nissan sales grew in every one of its main markets: Japan,
North America, Europe; and in General Overseas Markets, its other main sales
areas around the globe. In all, Nissan sold 3,057,000 vehicles, a 10.4 percent
increase over the previous year, and ahead of forecast. This figure, in fact,
represents the first time in 13 years that Nissan has sold more than three million
vehicles—and more growth is coming.
For fiscal year 2004, Nissan is predicting growth in worldwide sales of 10.5
percent over 2003, to 3.38 million units. To achieve this, the company has set a
number of challenging sales objectives:
Japan: Sales of 870,000 units, or growth of four percent.
US: Break the one-million-unit barrier in fiscal 2004, a growth of
16.8 percent and the first time ever to reach this figure.
General Overseas Markets: Sales of 972,000 units, representing
an increase of 18.2 percent over the previous year.
For more information on
Nissan’s world markets,
please see page 30
BUSINESS OVERVIEW