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Nissan Profits Fall 8% in First Half of Fiscal Year

Sales hit in North American while China grows.

by Michael Strong on Nov.08, 2018

Nissan CFO Hiroshi Karube reported the company's profits fell 8% overall due to falling sales in North America and Europe.

Nissan Motor Co. reported an 8% drop in quarterly profits due to declining sales in its biggest markets, North America and Europe, as well as hits on raw material costs.

The Japanese automaker reported quarterly profits of 130.4 billion yen, or $1.1 billion, on Thursday, down from 141.6 billion yen the same period a year earlier. The automaker noted that quarterly sales fell nearly 3% to 2.82 trillion yen, or $24.8 billion.

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However, this dip in profits wasn’t enough for Nissan to revise its forecast for the fiscal year through March for a 500 billion yen, or $4.4 billion, profit on 12 trillion yen, or $106 billion, sales. (more…)

Nissan Reports FY 2015 Profit Jump of 34.6%

Automaker expresses cautious optimism for 2016.

by Michael Strong on May.12, 2016

CEO Carlos Ghosn outlines Nissan's financial results for FY 2015: profits were up 34.6% last year.

Nissan’s takeover of Mitsubishi, in some measure, reflects the company’s successful 2015: Nissan Motors reported revenue of $101.4 billion and an operating profit of $6.6 billion … in short, it had the cash to make the deal happen.

Those figures represent increases of 7.2% and 34.6% respectively. The company earned a 6.5% margin on those earnings and net income of $4.4 billion. Globally, Nissan sold 5.42 million vehicles in the period, a 2% rise year-on-year.

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“These solid results reflect the success of our continuing product offensive, particularly in the North American market,” said Carlos Ghosn, president and chief executive officer. (more…)

Nissan Quarterly Income Rises by 36.3 Percent

Improved North American, European sales drives result.

by Joseph Szczesny on Jul.29, 2015

Joji Tagawa, Nissan Motor Co., Ltd. corporate vice president, said the Japanese automaker saw sales rise in North America and Europe during the last quarter.

Nissan Motor Co., Ltd. rode sales gains in North American and Europe to a 17.6% increase in revenue and a 36.3% increase in net income during the first three months of its new fiscal year, which ended June 30.

The Japanese automaker reported net revenue of $23.9 billion (2.90 trillion yen) versus 2.47 trillion yen a year ago. Operating profit was $1.6 billion (193.7 billion yen), up from 122.6 billion yen, a 58% increase. Net income was $1.3 billion (152.8 billion yen) versus 112.1 billion yen in the prior year.

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“Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe,” said Carlos Ghosn, president and chief executive officer. “Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance.” (more…)

Nissan Reports 17.6 Percent Profit Increase

Strong sales in North America, Western Europe aids results.

by Joseph Szczesny on May.13, 2015

Nissan CEO Carlos Ghosn reviews the automaker's 2014 financial results. Nissan saw profits rise 17.6% last year.

Aided by a strong showing in North America and Western Europe, Nissan reported a 17.6% increase in profits for the fiscal year March 31.

Carlos Ghosn, the chief executive officer for Nissan and for Renault, said Nissan delivered solid full-year revenues and profits. The robust demand, especially for new products in North America and Western Europe, along with cost cutting and a favorable shift in the yen-dollar exchange rate, offset challenging market conditions in Japan and several emerging markets.

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“These are solid results in a highly competitive marketplace,” Ghosn said. (more…)