TOKYO, Reuters -Nissan Motor Co raised Tuesday its full-year operating profits forecast by 17% at 210 billion yen ($1.82 Billion). Cost cutting and profitability boosted the company’s profitability. The carmaker also benefited from a weak yen.

Refinitiv data indicates that the outlook for Japan is better than the mean 194 billion-yen profit, based upon estimates by 20 analysts.

Nissan (OTC). has had to decrease its output like many other major global carmakers. Despite the fact that demand in key markets, such as China or the United States, is rising, this was due to a shortage semiconductors and other component.

However, these cuts forced Nissan to cut costs and boost vehicle profitability. Nissan no longer requires large financial incentives to convince consumers to purchase its cars in the U.S. or other markets.

Japan’s No. The No.3 carmaker in Japan, has achieved its global annual goal of 3.8 Million vehicles.

Refinitiv data shows that the operating profit in three months ended Dec. 31 was almost twice as high at $52.2 billion yen ($451.8million), which is more than nine analysts had estimated to be 35.8 trillion yen.

($1 = 115.5300 yen)