TOKYO — Nissan Motor saw its operating profit plummet 99% on the year in April-June as its lack of hybrid offerings in the critical U.S. market took a toll on sales.
Group operating profit came to 995 million yen ($6.4 million) for the quarter, according to earnings results announced Thursday. The automaker also revised its forecast for profit growth for the full year ending March, now projecting a 12% drop to 500 billion yen.