Ad
Ad
Nissan's fiscal year 2023 saw notable improvements despite challenges, with strengthened revenue and profits. The company's resilience amid competition and inflationary pressures reflects its commitment to the Nissan Next Transformation Plan. Looking ahea
Nissan Motor Co., Ltd. today announced financial results for the full year and the fourth quarter of fiscal year 2023, ending March 31, 2024. Check out more details below.
Nissan has strengthened its business foundation by steadily implementing key initiatives under the Nissan NEXT business transformation plan. In FY2023, the final year of the plan, despite a very challenging business environment, Nissan has been continuously improving the quality of sales in each market.
Global sales remained at 3.44 million units impacted by intensified sales competition. Nissan’s consolidated net revenue was 12.686 trillion yen, resulting in an operating profit of 568.7 billion yen with an operating margin of 4.5%. This was due to logistics, other risks such as the Noto Earthquake and various cost relief made to suppliers such as inflation, and other factors.
Net income was 426.6 billion yen. Automotive net cash was 1.546 trillion yen. The increase in operating profit and net income compared to the April 19 forecast revision is due to the reversal of previously recorded litigation provisions.
Nissan plans to propose the payment of a year-end dividend of 15 yen per share for fiscal year 2023 at the general shareholders meeting.
Yen in billions | FY 2022 | FY 2023 | Variance vs FY22 |
Revenue | 10,596.7 | 12,685.7 | +2,089.0 |
Operating profit | 377.1 | 568.7 | +191.6 |
Operating margin% | 3.6% | 4.5% | +0.9 ppt |
Ordinary profit | 515.4 | 702.2 | +186.7 |
Net income1 | 221.9 | 426.6 | +204.7 |
Based on average foreign exchange rates of 145 JPY /USD and 157JPY /EUR for FY2023
On a China joint venture proportionate basis, operating profit was 570 billion yen, which equates to a 4.2% operating margin and net income1 was 426.6 billion yen.
In the fourth quarter of fiscal year 2023, consolidated net revenue was 3.514.3 trillion yen, consolidated operating profit was 90.3 billion yen, and operating profit margin was 2.6%. Net income in the fourth quarter was 101.3 billion yen.
Yen in billions | FY22 4Q | FY23 4Q | Variance vs FY22 |
Revenue | 3,097.0 | 3,514.3 | +417.3 |
Operating profit | 87.4 | 90.3 | +2.9 |
Net income1 | 106.9 | 101.3 | -5.6 |
Based on average foreign exchange rates of 149 JPY/USD and 161 JPY/EUR for FY23 Q4
Nissan expects the business to continue to face intense competition and inflationary pressure.
With the Arc business plan, Nissan will aim for steady growth toward achieving its targets with attractive and competitive products.
The company has filed the following fiscal year forecasts with the Tokyo Stock Exchange.
Calculated under the equity accounting method for Nissan’s joint venture in China, the forecasts for the fiscal year ending March 31, 2025, are:
FY2024 outlook TSE report basis – China JV equity basis2 (yen in billions) | |
Net revenue | 13,600.0 |
Operating profit | 600.0 |
Net income1 | 380.0 |
FY2023 | 20 yen |
FY2024 (Outlook) | 25 yen or more |
The financial forecast is based on judgements and estimates that have been made using currently available information. By nature, such financial forecasts are subject to uncertainty and risk. Therefore, the final results may differ from the aforementioned forecast.
Bengaluru Airport Partners with Sarla Aviation to Launch Electric Flying Taxis
Bengaluru's Kempegowda International Airport collaborates with Sarla Aviation to explore sustainable air mobility with electric flying taxis, revolutionizing urban transportation.
18-Oct-2024 05:32 AM
Read Full NewsBengaluru Airport Partners with Sarla Aviation to Launch Electric Flying Taxis
Bengaluru's Kempegowda International Airport collaborates with Sarla Aviation to explore sustainable air mobility with electric flying taxis, revolutionizing urban transportation.
18-Oct-2024 05:32 AM
Read Full NewsFerrari Unveils the F80: Its Most Powerful Hypercar Ever
Discover the Ferrari F80, the most powerful hypercar ever, featuring a 1,200-horsepower hybrid V-6 engine, advanced aerodynamics, and a staggering price tag of $4 million.
17-Oct-2024 01:07 PM
Read Full NewsFerrari Unveils the F80: Its Most Powerful Hypercar Ever
Discover the Ferrari F80, the most powerful hypercar ever, featuring a 1,200-horsepower hybrid V-6 engine, advanced aerodynamics, and a staggering price tag of $4 million.
17-Oct-2024 01:07 PM
Read Full NewsJeep India Unveils 2025 Meridian: Bookings, Features, and Engine Specs
Explore the 2025 Jeep Meridian’s connected technology, ADAS, comfort features, engine specs, and expected cosmetic updates.
17-Oct-2024 11:40 AM
Read Full NewsJeep India Unveils 2025 Meridian: Bookings, Features, and Engine Specs
Explore the 2025 Jeep Meridian’s connected technology, ADAS, comfort features, engine specs, and expected cosmetic updates.
17-Oct-2024 11:40 AM
Read Full NewsGet this New Maruti Swift with Rs 50k of Free Accessories
Get complimentary accessories worth Rs. 50K if you are planning to buy a new Maruti Swift Blitz Edition. Check out what you are getting at different trim levels.
17-Oct-2024 05:10 AM
Read Full NewsGet this New Maruti Swift with Rs 50k of Free Accessories
Get complimentary accessories worth Rs. 50K if you are planning to buy a new Maruti Swift Blitz Edition. Check out what you are getting at different trim levels.
17-Oct-2024 05:10 AM
Read Full NewsSkoda Kylaq Unveiled: Compact SUV with Special Camouflage
All-new Skoda Kylaq, a bold compact SUV launching in India. Featuring advanced safety, a robust design, and eco-friendly materials, it's perfect for both city streets and off-road adventures.
16-Oct-2024 05:22 AM
Read Full NewsSkoda Kylaq Unveiled: Compact SUV with Special Camouflage
All-new Skoda Kylaq, a bold compact SUV launching in India. Featuring advanced safety, a robust design, and eco-friendly materials, it's perfect for both city streets and off-road adventures.
16-Oct-2024 05:22 AM
Read Full NewsTata Nexon Scores 5-Star in Bharat NCAP Crash Test
Check out the 5-star safety rating of Tata Nexon in Bharat NCAP crash tests, reinforcing its position as a top choice in the sub-4m SUV segment."
15-Oct-2024 12:30 PM
Read Full NewsTata Nexon Scores 5-Star in Bharat NCAP Crash Test
Check out the 5-star safety rating of Tata Nexon in Bharat NCAP crash tests, reinforcing its position as a top choice in the sub-4m SUV segment."
15-Oct-2024 12:30 PM
Read Full NewsAd
Ad
Mercedes-Benz E-Class
₹ 78.50 - 92.50 Lakh
Volvo EX40
₹ 56.10 Lakh
BYD eMax 7
₹ 26.90 - 29.90 Lakh
Nissan Magnite
₹ 6.00 - 11.66 Lakh
Kia Carnival
₹ 63.90 Lakh
Maruti New Dzire
₹ 7.00 - 10.00 Lakh
Skoda Kylaq
₹ 8.00 - 12.00 Lakh
Hyundai Tucson facelift
₹ 29.00 - 36.00 Lakh
Mahindra Bolero 2024
₹ 10.00 Lakh
BYD Seagull
₹ 10.00 Lakh
Ad
Ad
Ad