CORRECTED-UPDATE 2-Nissan Q1 profit down on costly incentives, strong yen


(Corrects paragraph 17 to say Toyota reported a net profit of 1 billion yen in Q1 last year, not a net loss of 80 billion yen) * Nissan posts 120.7 bln yen operating profit for April-June * Strong yen, costly sales incentives weigh * Nissan confident will meet China sales growth target of 8 pct * Nissan seen underperforming rivals after swift disaster recovery * Japan's No.2 carmaker sold 1.2 mln vehicles ...

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