9bn) for the financial year ending 31 March 2003. Nissan president and chief executive officer Carlos Ghosn said that the company would realise a consolidated net profit after tax of Y495bn for the period. Nissan has also cut its once massive Y2.1 trillion debt in 1999 to zero this year. But it forecast that net profits for the year to 31 March 2004 would be static at Y495bn.