Nissan revises financial forecast downward | FP – Hello

Nissan announced that it has revised its financial forecast for the full fiscal year ending March 31 this year, based on the previous estimate made on February 8. And it is a revision for all intents and purposes. below: in terms of revenue, operating profit and net profit, a large Japanese company has decided to make a contempt compared to what was recognized more than two months ago.

Low financial forecasts

Especially, the sales volume adjusted to 3.44 million units, revenue to 12.6 trillion yen, and operating profit to 530 billion yen, with net profit expected to reach 370 billion yen for fiscal year 2023. All data in decrease compared to previous: last February 8 there was talk of 13.0 trillion yen in revenue, 620 billion yen in operating profit and 390 billion yen in net profit.

Nissan disappointment

The reason for this adjustment to drop? It is Nissan itself that makes the announcement known reason of this widespread desire: a decrease in sales volume first of all, but also with other parameters related to supplier costs, such as. inflationand for a series of other factors that are not well identified but can be interpreted in light of the macroeconomic conditions that the automotive industry is experiencing.

Recovery plan

Adjusted financial results, calculated under the equity method for the group’s Chinese joint ventures, were presented by Nissan to Tokyo Stock Exchange for fiscal year 2023, which ended March 31. “Under the recently announced new business initiative ‘The Arc’, Nissan aims to increasing annual global sales by 1 million units by the end of fiscal year 2026 and accelerate the transition to electric vehicles – we read in the letter signed by Nissan – To effectively implement the plan, Nissan will also implement better supplier engagement processes.”