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NET SALES
12,000
9,000
6,000
3,000
0
’11
8,773.1
’12
(Forecast)
9,409.0
10,300.0
’09
8,437.08,437.0
’10
7,517.3
’08
(Billions of yen)
1,200
(Billions of yen)
900
600
0
300
−300
OPERATING PROFIT
(Forecast)
’12
700.0
’10
537.5537.5
’11
545.8
’08
–137.9
’09
311.6
(Billions of yen)
FY10
O.P.
FY11
O.P.
IMPACT ON OPERATING PROFIT
Raw
material
/energy
R&D
exp.
FOREX Selling
exp.
Purch.
cost
reduction
Volume/
mix Sales
finance Other
items
311.6
537.5 545.8
-147.5
–170.0
–115.6
–151.3
+223.6
–115.6
–151.3
+200.1
+223.6
–33.1
+49.8 +4.8
Fiscal 2011 Financial Performance
Net sales
For fiscal year 2011, consolidated net revenues increased
7.2%, to 9.409 trillion yen, which reflected by sales volume
increase in spite of the strong yen.
Operating profit
Consolidated operating profit totaled 545.8 billion yen, which
was improved 1.6% from last year. In comparison to last
year’s consolidated operating profit, the variance was due to
the following factors:
• The 170 billion yen negative impact from foreign
exchange came mainly from the appreciation of the yen
against the U.S. dollar.
• The increase in energy and raw material costs was a
negative 115.6 billion yen.
• Purchasing cost reduction efforts resulted in a saving of
200.1 billion yen.
• Volume and mix produced a positive impact of 223.6
billion yen.
• The increase in selling expenses resulted in a 151.3
billion yen negative movement.
• R&D expenses increased by 33.1 billion yen.
• Sales financing contributed 49.8 billion yen.
• Other items produced a positive impact of 4.8 billion yen.
Innovation & Power of brandYear 2 Power 88
Performance
Corporate Data Corporate Governance
17
NISSAN Annual Report 2012Financial Review
Financial Review