Nissan reports strong April-June results for fiscal year 2021
First-quarter financial highlights
(TSE report basis – China JV equity basis)2 (TSE report basis – China JV equity basis)2 On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint venture operation in China, the operating profit was 103.7 billion yen, equivalent to an operating margin of 4.5%. Net income1 amounted to 114.5 billion yen.
The shortage of semiconductor supply is expected to have a significant impact on Nissan’s sales volume in the second quarter. For the full fiscal year, Nissan is forecasting net revenue of 9.75 trillion yen and an operating profit of 150.0 billion yen. A net income1 of 60.0 billion yen is expected, which is 120.0 billion yen above the previous outlook.
“We have delivered a strong performance in the first three months of our new fiscal year and continued to advance the Nissan NEXT business transformation plan,” said Nissan chief executive officer Makoto Uchida. For the remainder of the year, we anticipate uncertainties will remain across our operating environment. We will carefully monitor and manage potential risks as we continue to improve quality of sales and maintain financial discipline. We expect a recovery in the second half supported when several new models will go on sale in core markets. Nissan will firmly pursue our goal of achieving a 2% operating margin in fiscal year 20213, which is an important milestone under Nissan NEXT.
Jul 28, 2021 at 15:14