* Nissan lifts full-yr f’casts for revenue, profit after strong Q2
* Operating profit climbs 44 pct to 201 billion yen
* Q2 revenue jumps 13.2 pct on strong sales in N. America, Europe (Adds context, details)
By Naomi Tajitsu
YOKOHAMA, Japan, Nov 2 (Reuters) – Japan’s Nissan Motor Co on Monday raised its full-year operating profit forecast by 8 percent after it turned in a higher-than-expected second-quarter operating profit due to stronger vehicle sales in North America.
Japan’s second-largest automaker said it was now estimating an operating profit for the year ending March 2016 of 730 billion yen ($ 6.1 billion), up from a previous forecast of 675 billion. The profit would be higher than the previous year’s 590 billion.
It also raised it revenue forecast for the full year after net revenue rose 13.2 percent to 3.03 trillion yen in the July-September period due to strong demand for its vehicles in North America and improving sales in Western Europe.
For the first nine months, revenue was 9.2 trillion yen ($ 76.37 billion), Nissan reported, dwarfing the 9.34 billion euro ($ 10.30 billion) revenue for the same period at parent company Renault, which earns a significant portion of its revenue from supplying engines and vehicles to its Japanese affiliate.
The Yokohama-based automaker has drawn up proposals to buy a larger stake in its French parent, Reuters reported last week, which could dilute Renault’s control of the company amid an escalating power struggle between Nissan-Renault CEO Carlos Ghosn and the French state, Renault’s biggest shareholder.
Nissan said July-September operating profit climbed 44 percent to 201.26 billion yen from 139.34 billion during the same period last year. That beat an average estimate of 179.04 billion yen made by forecasts from 11 analysts according to Thomson Reuters I/B/E/S/ data.
Second-quarter net profit rose 38 percent on the year to 178.46 billion yen. ($ 1 = 120.4600 yen) (Reporting by Naomi Tajitsu; Editing by Miral Fahmy)
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