annual balance sheet Nissan is back in black
After two years of losses, the Japanese car manufacturer reported positive figures again in the last financial year. But this year proves Nissan to be tough.
Japan’s Renault partner Nissan has returned to the profit zone in the last financial year despite semiconductor restrictions. As Nissan announced on Thursday, as of March 31, the net profit was 215 billion yen (1.6 billion euros).
The group shaken by a scandal surrounding former boss Carlos Ghosn’s suspect, who fled to Lebanon, suffered losses for two consecutive years. Not least thanks to weak yen and reduced costs, the group was able to return to black last year. But in this financial year, profits are likely to drop by 30.4 percent to 150 billion yen.
The company announced that the most difficult market environment is expected in this financial year. Nissan referred to the ongoing constraints on the supply of semiconductors, the high prices of raw materials and equipment costs, the Ukraine war and the impact of the corona closure in China on the supply of automotive parts.