Nissan Motor Co. raised its full-year profit forecast as Japan’s second-biggest automaker benefits from an increase in demand in the U.S.
Net income may rise to 535 billion yen ($4.4 billion) in the 12 months through March from 457.6 billion yen a year earlier, Nissan said Monday. That’s up from the company’s 485 billion yen forecast made in May. That compares with the 534 billion yen average of 26 analysts’ estimates compiled by Bloomberg. The company also raised its operating income forecast to 730 billion yen from 675 billion yen.