Nissan Motor Company reported a 3% rise in fourth-quarter operating profit, totaling JPY 90.34 billion, surpassing expectations of JPY 115.56 billion. The company's fourth-quarter net income reached JPY 101.30 billion, exceeding forecasts of JPY 71.51 billion. For the fiscal year, Nissan anticipates global auto sales of 3.70 million units and a net income of JPY 380 billion, slightly below the expected JPY 408.15 billion. Additionally, the company's annual profit nearly doubled compared to the previous year, reaching JPY 426 billion, attributed to post-pandemic growth and strategic cost reductions, including cheaper electric vehicle models in China.
Nissan FY 2023 profit doubles to 426 bil. yen on post-pandemic growth https://t.co/d2ddo1U4Vq
Nissan forecast a stronger-than-expected operating profit in the current fiscal year on cost cuts and cheaper electric vehicle models in China https://t.co/rXj5Xh6vDt
Nissan Upbeat on Annual Profit Despite Challenges https://t.co/apj4Qwn6cA
Nissan annual net profit nearly doubles on-year https://t.co/5wsvRDRDPk
Nissan expects 5.5% rise in annual profit this year https://t.co/WPSe6sY3w7 https://t.co/bT5I3N8bx7
Nissan Motor Expects Drop in Annual Profit Due to Heightened Competition, Inflation https://t.co/SlJyFCNIfm
⚠️ NISSAN POSTS 3% RISE IN FOURTH-QUARTER OPERATING PROFIT Full Story → https://t.co/yC0CPmnwzJ Japan's Nissan Motor posted a 3% rise in fourth-quarter operating profit on Thursday while warning that it expects to keep facing intense competition and inflationary pressure this…
NISSAN Q4 23 EARNINGS: SEES FY GLOBAL AUTO SALES 3.70M UNITS || NET INCOME: JPY101.30B (EXP JPY71.51B) || SEES FY NET INCOME JPY380B (EXP JPY408.15B) || OPERATING INCOME: JPY90.34B (EXP JPY115.56B)