Nissan: Nissan reports initial half formula for mercantile year 2016

Posted on 08. Nov, 2016 by in Nissan Canada

Remarks from co-chief executive officer Hiroto Saikawa

YOKOHAMA, Japan – Nissan Motor Co., Ltd. currently announced financial formula for a six-month duration to Sep 30, 2016.

“In a initial half, Nissan generated a plain handling distinction of 339.7 billion yen, that represents a 6.4 percent domain on net revenues of 5.32 trillion yen,” pronounced Carlos Ghosn, Chairman and Chief Executive Officer. “These plain formula were achieved notwithstanding new banking headwinds and continued hurdles in Japan and emerging-markets.”

Fiscal Year 2016 First Half Financial Highlights

The following list summarizes Nissan’s financial formula for a six-month duration to Sep 30, 2016, distributed underneath a equity accounting process for a Group’s China corner venture.

Fiscal Year 2016 First Half Financial Highlights to Sep 30, 2016
(TSE news basement – China JV equity basis)1

On a consistent banking basis, handling distinction rose 31.5 percent to 519.5 billion yen, homogeneous to an 8.5 percent distinction margin. This reflects direct for core products, quite in North America and advantages of continued cost-discipline, persisting product introductions and Alliance strategy.

On a government pro forma basis, that includes a business formula of Nissan’s operations in China, FY16 initial half net income decreased 9.6 percent to 5.84 trillion yen. Operating distinction fell 10.7 percent contra a same duration final year, to 412.0 billion yen. The handling distinction domain fell from 7.2 percent to 7.1 percent.

On a consistent banking sell rate basis, pro-forma net revenues increasing 4.2 percent to 6.73 trillion yen and handling distinction softened 30.6 percent to 603.0 billion yen, homogeneous to a distinction domain of 9.0 percent.

Sales performance

In a initial half of a mercantile year, Nissan’s sum section sales were 2.61 million units.

In a U.S., Nissan’s sales rose by 3.7 percent to 783,000 units, homogeneous to a marketplace share of 8.7 percent, amid clever direct for a Altima, a Rogue and a Maxima.

Nissan section sales in China, that reports total on a calendar year basis, rose 3.8 percent to 610,000 units, homogeneous to marketplace share of 5.0 percent. In Europe, incompatible Russia, Nissan’s sales rose by 4.4 percent to 319,000, that resulted in a marketplace share of 3.6 percent. The Qashqai SUV and X-Trail helped expostulate direct in a region.

Nissan’s opening in these pivotal markets helped recompense for a decrease in a Japanese marketplace where Nissan was impacted by a cessation of Dayz/Dayz Roox minicar sales. Total section sales in a entertain for Japan were 211,000 units, representing a marketplace share of 9.2 percent. In other markets including Asia and Oceania, Latin America, a Middle East and Africa, Nissan’s sales decreased 4.9 percent to 382,000 units.

Outlook

“Nissan is progressing a tellurian sales and gain foresee for mercantile 2016,” pronounced Mr. Ghosn. “Although Nissan faces marketplace doubt and banking headwinds, we design to continue to broach plain gain and certain giveaway money upsurge era in a stream mercantile year. We can also demeanour brazen in mercantile year 2017 to profitable synergies from a fondness with Mitsubishi Motors, in that we recently acquired a 34 percent stake.”

“As announced during a finish of a final mercantile year, we have motionless to boost a full year division by 14.3 percent to 48 yen per share, and a Board currently authorized an halt division remuneration of 24 yen per share.”

The Company expects to sell 5.6 million units this mercantile year, adult 3.3 percent. Based on this sales outlook, Nissan has confirmed forecasts initial released to a Tokyo Stock Exchange in May 2016. Calculated underneath a equity accounting process for a mercantile year finale Mar 31, 2017, a forecasts showed:

1 Since a commencement of mercantile year 2013, Nissan has reported total distributed underneath a equity process accounting for a corner try with Dong Feng in China. Although net income stating stays unvaried underneath this accounting method, a equity-accounting income statements no longer embody Dong-Feng-Nissan’s formula in revenues and handling profit.
2 Net income attributable to owners of a parent

 

For minute Nissan financial information and presentations:
www.nissan-global.com/EN/IR/FINANCIAL/

About Nissan Motor Co., Ltd.
Nissan is a tellurian full-line car manufacturer that sells some-more than 60 models underneath a Nissan, Infiniti and Datsun brands. In mercantile year 2015, a association sole some-more than 5.4 million vehicles globally, generating income of ¥12.19 trillion. Nissan engineers, manufactures and markets a world’s best-selling all-electric car in history, a Nissan LEAF. Nissan’s tellurian domicile in Yokohama, Japan, manages operations in 6 regions: ASEAN Oceania; Africa, Middle East India; China; Europe; Latin America and North America. Nissan has a tellurian workforce of 247,500, and has been partnered with French manufacturer Renault underneath a Renault-Nissan Alliance given Mar 1999.

 

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