Nissan Forecasts 7.7 Percent Fall in Operating Profit

Nissan Motor Co forecast on Thursday a 7.7 percent fall in operating profit this year as the Japanese automaker expects higher raw materials costs and the yen's strength to weigh on its bottomline.Also Read: Toyota Forecasts 20 Percent Profit Drop on Higher US Sales Cost

Nissan expects operating profit to come in at 685.0 billion yen ($6.00 billion) in the year to March, lower than an average estimate of 778.4 billion yen from 21 analysts polled by Thomson Reuters, and down from a 742.2 billion yen profit posted in the year just ended.