Click to enlarge.
Nissan Motor (7201T and NSANY ADR) yesterday finally announced what is a substantial revision to its financial outlook for the full Japanese fiscal year ending 31 March 2025. As part of the revised outlook, Nissan expects to report a net loss of ¥700-750 billion for fiscal year 2024. The revision is due to costs related to its ongoing turnaround plan, and other factors. (read AutoInformed.com on: Nissan Motor Posts Disastrous First Half Results)*
“Compared with the outlook issued at the time of Nissan’s third quarter results in February, the forecast full-year sales volume has been lowered to 3.35 million units. Full-year net revenue is now expected to reach ¥12.6 trillion, with operating profit of ¥85 billion. This is primarily due to changes in the competitive environment and deterioration in sales performance,” Nissan said.
Restructuring impairments are expected to exceed ¥500 billion across North America, Latin America, Europe, and Japan. Additionally, restructuring costs are expected to exceed ¥60 billion as part of ongoing turnaround measures.
Despite the anticipated colossal net loss, Nissan claimed it remains in a solid cash position, expecting to end fiscal year 2024 with net cash of ¥1.498 trillion. The company has ¥2.2 trillion yen in cash and cash equivalents, along with ¥1.2 trillion in loans to sales finance companies, totaling ¥3.4 trillion yen in available liquidity. Nissan expects to end fiscal 2024 with ¥1.9 trillion in automotive debt.
The company has filed the revised fiscal year forecast to the Tokyo Stock Exchange. Calculated under the equity accounting method for Nissan’s joint venture in China, the forecast for the fiscal year ending 31 March 2025.
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About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Nissan Revised Outlook ¥700-750B Loss
Click to enlarge.
Nissan Motor (7201T and NSANY ADR) yesterday finally announced what is a substantial revision to its financial outlook for the full Japanese fiscal year ending 31 March 2025. As part of the revised outlook, Nissan expects to report a net loss of ¥700-750 billion for fiscal year 2024. The revision is due to costs related to its ongoing turnaround plan, and other factors. (read AutoInformed.com on: Nissan Motor Posts Disastrous First Half Results)*
“Compared with the outlook issued at the time of Nissan’s third quarter results in February, the forecast full-year sales volume has been lowered to 3.35 million units. Full-year net revenue is now expected to reach ¥12.6 trillion, with operating profit of ¥85 billion. This is primarily due to changes in the competitive environment and deterioration in sales performance,” Nissan said.
Restructuring impairments are expected to exceed ¥500 billion across North America, Latin America, Europe, and Japan. Additionally, restructuring costs are expected to exceed ¥60 billion as part of ongoing turnaround measures.
Despite the anticipated colossal net loss, Nissan claimed it remains in a solid cash position, expecting to end fiscal year 2024 with net cash of ¥1.498 trillion. The company has ¥2.2 trillion yen in cash and cash equivalents, along with ¥1.2 trillion in loans to sales finance companies, totaling ¥3.4 trillion yen in available liquidity. Nissan expects to end fiscal 2024 with ¥1.9 trillion in automotive debt.
The company has filed the revised fiscal year forecast to the Tokyo Stock Exchange. Calculated under the equity accounting method for Nissan’s joint venture in China, the forecast for the fiscal year ending 31 March 2025.
Click for more.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.