Nissan's sales fell 3% during the quarter
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Nissan Motor has issued a profit warning after Weak sales and high material and energy costs sent profits plummeting 23% during the autumn.
Japan's third-largest carmaker's net profits fell to 104bn yen ($865m; £440m) during the October to December quarter, from 135bn a year earlier.
Analysts had expected a worse result of 132bn yen during the quarter.
Nissan's quarterly revenues fell 1.8% from a year earlier to 2.34 trillion yen. Its global sales dropped 3%.
The carmaker is now cutting its annual profit target for the year to 31 March by 12%.
"Against an environment of high raw material and energy prices, no pricing power and continuing weakness in mature markets, our industry faced many headwinds," said Nissan chief executive Carlos Ghosn.
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