TOKYO: Nissan Motor Co forecast a surprise drop in annual profit on expectations for higher raw material costs and a stronger yen, and as price competition increases in the US and China.
Operating profit would probably fall 7.7% to 685 billion yen (US$6bil) in the fiscal year through March, compared with the average analyst estimate for a gain to 775.4 billion yen, the Yokohama, Japan-based company said in a statement.
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