Nissan Motor Co. surprised with it net profit growth of staggering 46.1 percent for the fourth quarter. But the fact is that the Japan’s carmaker did not show off its annual profit which was simply plane, compared to its home rivals. Certainly, the weakening yen significantly helped Nissan Motor Co. and other Japan’s companies enjoy stronger performance.
On the 8th of February, Nissan Motor Co. reported its third quarter profit which disappointed as it missed analysts’ estimates. The weaker-than-expected results were mainly driven by a territorial dispute over the Senkaku Islands that led to the Chinese boycott of Japanese products, including cars. The company, however, has decided not to change its annual profit forecast due to a weakening yen.