Tag Archives: Makoto Uchida

Nissan Motor Posts Disastrous First Half Results

Posted on 7 November 2024 by Ken Zino

Nissan Motor Company today in Japan announced weak financial results for the six-months ended 30 September 2024. Net revenue decreased by ¥79.1 billion year-over-year (YOY) to ¥5.98 trillion yen, with consolidated operating profit decreasing ¥303.8 billion to ¥32.9B. This was a paltry operating profit margin of 0.5%. Net income was ¥19.2 billion. Global sales volumes decreased year-on-year to 1.6 million units.*

“Profitability was affected by higher selling expenses and inventory optimization efforts, particularly in the US, along with rising manufacturing or monozukuri costs,” Nissan said in its earnings release. It’s also selling 149,028,300 shares of Mitsubishi, which will reduce Nissan’s stake in Mitsubishi from 34.07%. It could be the beginning of the end of alliances within the Renault-Nissan-Mitsubishi Alliance or the complete demise of the Alliance. Continue reading →

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Nissan Motor Posts FY Net Profit of $2.7 billion

Posted on 10 May 2024 by Ken Zino

Global sales remained at 3.44 million units, which were squeezed by intensified s competition. Nissan’s consolidated net revenue was ¥ 12.686 trillion. The operating profit of ¥568.7 billion translates to an operating margin of 4.5%. “This was due to logistics, other risks such as the Noto Earthquake and various cost relief made to suppliers such as inflation, and other factors,” Nissan said. Continue reading →

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Honda and Nissan Sign MoU for EV Technology Sharing

Posted on 15 March 2024 by Ken Zino

Nissan Motor and Honda Motor said today in Japan that they have signed a memorandum of understanding whereby they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence. In what  looks like a re-run of the Nissan Renault alliance that pursued economies of scale, the intense capital costs required to develop EVs and autonomous vehicles is making for what would have previously been unlikely hookups.

Honda and Nissan, Japan’s second and third largest automakers, will study sharing automotive software platforms, core components related to EVs, and complementary products. Continue reading →

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New Electric Vehicles for Nissan UK Sunderland Plant

Posted on 24 November 2023 by Ken Zino

“Exciting, electric vehicles are at the heart of our plans to achieve carbon neutrality. With electric versions of our core European models on the way, we are accelerating towards a new era for Nissan, for industry and for our customers,” said Nissan President and CEO Makoto Uchida. Continue reading →

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Nissan Motor Posts ¥75.7B Operating Profit for Q1 FY

Posted on 5 August 2021 by Ken Zino

During the first three months of the fiscal year, Nissan unit sales increased sharply as the industry rebounded from the pandemic disruption of 2020. Both total industry volumes and global Nissan retail sales increased by more than 60% with keeping pace with the industry volumes. Nissan’s digitally influenced sales have further increased in quarter one. Continue reading →

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