Nissan: Nissan reports net income of $2.30 billion for initial half of FY2014

Posted on 05. Nov, 2014 by in Nissan Canada

Speech from Hiroto Saikawa, Chief Competitive Officer

 

Based on normal unfamiliar sell rates of JPY 103.0/USD and JPY 138.9/EUR

YOKOHAMA, Japan – Nissan Motor Co., Ltd. currently announced financial formula for a 6 months to Sep 30, 2014.

In annoy of flighty mercantile conditions in several markets, Nissan benefited from clever direct for new products, rising sales in a pivotal North American market, and a auspicious impact of a yen alleviation opposite a U.S. dollar.

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Operating distinction rose to $2.54 billion (¥261.9 billion/€1.89 billion) for a initial half of a 2014 mercantile year, representing a 5.1% domain on net revenues that climbed 8.2% to $49.95 billion (¥5.14 trillion/€37.04 billion) for a period.

“Nissan successfully overcame severe marketplace conditions in a first-half of a mercantile year, delivering plain revenues and profitability amid enlivening direct for a latest models,” pronounced Carlos Ghosn, boss and arch executive officer.

“Nissan is on lane to broach a full-year net income guidance, reflecting a advantages of a continued product offensive, financial fortify and synergies from a Alliance strategy.”

On a government pro forma basis, that includes a proportional converging of a formula of Nissan’s corner try operations in China, FY14 initial half net income increasing to 5.64 trillion yen, adult 8.2% year-on-year. Operating distinction was adult 25.7% contra a same duration final year, to 332.6 billion yen, ensuing in a 5.9% handling distinction margin.

The alleviation reflected clever section sales expansion in North America and signs of stabilization in western Europe. This equivalent slower direct in Japan and continued sensitivity in Russia and other rising economies. Rising direct for award-winning products including a Qashqai, Rogue and X-Trail, any subsequent from a Common Module Family grown within a Renault-Nissan Alliance, contributed to a certain results.

During a initial half of FY14 Nissan sole 2.58 million vehicles globally, a 5.8% arise year-on-year.

In a initial half Nissan also stretched a zero-emissions leadership. Total sales given launch of a all-electric LEAF have upheld 142,000 units and it continues to be a best-selling EV in history. Nissan stretched a zero-emission participation in a light blurb car shred with a Jun launch of e-NV200, that offers flexibility and class-leading using costs.

FY2014 Outlook
Nissan has revised a full-year sales opinion downward by 200,000 units to 5.45 million units for this mercantile year. Although units sales are approaching to arise serve in North America, this is expected to be some-more than equivalent by reduced sales in China and rising markets.

Despite a expected diminution in section volumes, a association is progressing a before forecasts for handling distinction and net income, reflecting increasing sales in North America, serve cost assets and net unfamiliar banking benefits. Net income superintendence has been revised ceiling somewhat from a foresee initial released to a Tokyo Stock Exchange in May 2014. Foreign sell rate assumptions for a full year are projected to be 104 yen to a dollar and 138 yen to a euro. Calculated underneath a equity accounting method, a association released a following revised opinion for a mercantile year finale Mar 31, 2015:

Calculated on sell rate of JPY 104/1 USD and JPY 138/1 EUR

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

About Nissan Motor Co.
Nissan Motor Co., Ltd., Japan’s second-largest automotive company, is headquartered in Yokohama, Japan, and is partial of a Renault-Nissan Alliance. Operating with some-more than 244,500 employees globally, Nissan sole roughly 5.2 million vehicles and generated income of 10.5 trillion yen (USD 105 billion) in mercantile 2013. Nissan delivers a extensive operation of some-more than 60 models underneath a Nissan, Infiniti and Datsun brands. In 2010, Nissan introduced a Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, a initial mass-market, pure-electric car launched globally, is now a best-selling EV in story with roughly 50% share of a zero-emission car segment.

 

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For some-more information, contact:

Nissan Motor Co., Ltd. (Japan)
Global Communications Div.
Tel:+81-(0)45-523-5552 (Corporate)
Tel:+81-(0)45-523-5549 (Product)
Tel:+81-(0)50-3804-7182 (IR)

http://www.nissan-newsroom.com/EN/ (For media)

http://www.nissan-global.com/EN/IR/ (For IR)

 

 

 

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