Yokohama — On Tuesday, Japan’s Nissan Motors posted a bigger-than-expected fall in quarterly operating profit, as a rise in marketing and selling expenses, which include sales incentives, offset a rise in global vehicle sales. It maintained its forecast for a drop in full-year profit, as it braces for a possible downturn in the US automotive market, the biggest single market for Nissan and many of its compatriots, following years of strong sales. Japan’s number two vehicle maker by car sales posted an operating profit of ¥153.3bn ($1.38bn) in the April-June quarter, down 12.8% from ¥175.83bn a year ago. This compared with an average estimate for ¥171.45bn from six analysts polled by Thomson Reuters. Nissan expects an operating profit of ¥685bn in the year to March, down 7.7% from last year and below analyst forecasts for ¥733.23bn. The company has said it expects higher raw material costs and a minor negative currency impact to weigh on operating profit this year. Nissan’s global re...
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