Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday citing lower-than-expected vehicle sales and other factors.

Japan's third-largest automaker by volume now estimates an operating profit of 530 billion yen ($3.43 billion) instead of 620 billion yen for the year that ended in March.

($1 = 154.3800 yen) (Reporting by Satoshi Sugiyama Editing by Chang-Ran Kim)