Nissan Motor Co. followed its two key Japanese rivals on Tuesday by reporting an upward bump in earnings – but while also forecasting that problems in China will negatively impact its full-year forecast.
Compared to Honda and Toyota, Nissan revealed a relatively modest 8% increase in net earnings for the July – September quarter. But by comparison, Japan’s second-largest automaker also recovered much faster than its rivals from the devastating earthquake and tsunami that swept through the Northeast part of the country in March 2011.
On the other hand, Nissan appears particularly vulnerable in China, where anti-Japanese sentiment reached the boiling point in September after the Tokyo government acquired a series of uninhabited islets in the South China Sea also claimed by Beijing. That has touched off an ongoing boycott that is likely to have an ongoing impact, Nissan warned.