TOKYO -- Nissan Motor Co. Ltd. is expected to post a record group operating profit of more than 740 billion yen ($6.3 billion) for the business year ended March 31, helped by new models, the Nihon Keizai Shimbun said on Wednesday.
The business newspaper said Japan's third-largest automaker benefitted from strong sales of its new March sub-compact and Teana luxury sedan in Japan, while Altima sedans have sold well in North America.
In November, Nissan had forecast a group operating profit of 720 billion yen, which would also be a record, and a record group net profit of 490 billion yen.
A Nissan spokesman declined to comment on the report.
Nissan is also reaping rewards from reductions in procurement costs, while being unaffected by the decline in share prices hurting the stock portfolios of many Japanese companies after unwinding its cross-shareholdings last year.