Japanese automaker, Nissan has recorded an increase of 2.3 per cent in its global revenues to 9.6 trillion during the year.

The company also said that its total net income rose marginally by 0.3 per cent to 342.45 billion yen or about $3.4 billion during the year. Nissan, which is partly owned by France's Renault, has said that it is expecting its net profit to rise 23 per cent to 420 billion yen during the current financial year.

The company said that its sales fell 5.3 per cent to 1.18 million units in the key Chinese market during the year. Its total market share fell 6.5 per cent from the previous year in the large automotive market. The fall is mainly due to the on-going island dispute between China and Japan in which Chinese consumers were urged to shun Japanese products.

The company's sales in Europe fell 7.5 per cent to 660,000 as the region continued to face the impacts of the prolonged sovereign debt crisis and slowdown in the European economies. On the other hand, the company was able to increase its sale by 5.4 per cent in the US market and demand remained strong in some emerging markets.