Nissan Motor Co., Ltd.7201
▲ PositiveCapitalrelevance
Swung to Q1 operating profit and net income positive, with improved margin, though full-year sales forecast cut.
Impact on stocks 1
Electrification & Mobility
Nissan Motor Co., Ltd.Nissan Motor swung to an operating profit of 77.88 billion yen in the first quarter of its current financial year, helped by cost savings under its Re:Nissan turnaround programme. Consolidated net revenue increased by 257 billion yen to 2.96 trillion yen, based on global sales of 701,000 units, while net income moved into positive territory at 3.76 billion yen compared with a loss of 115.75 billion yen a year earlier. Operating margin improved to 2.6 percent from negative 2.9 percent, and the company said the turnaround was driven by manufacturing and vehicle cost efficiency, favourable currency movements, stronger sales performance, and tighter cost discipline. Nissan reduced its full-year sales volume forecast to 3.15 million units from 3.3 million, citing a more difficult operating environment particularly in China, but left its full-year financial guidance unchanged including an operating profit target of 200 billion yen.
Nissan Motor Co., Ltd.Swung to Q1 operating profit and net income positive, with improved margin, though full-year sales forecast cut.