NSANF - Nissan Motor Co. Ltd. (NSANY) Q1 2024 Earnings Call Transcript
2024-07-25 15:49:06 ET
Nissan Motor Co., Ltd. (NSANY)
Q1 2024 Earnings Conference Call
July 25, 2024, 5:30 AM ET
Company Participants
Lavanya Wadgaonkar - Chief Communications Officer
Makoto Uchida - President and CEO
Stephen Ma - Chief Financial Officer
Conference Call Participants
Taku Mukoyam - Yomiuri Shimbun
Presentation
Lavanya Wadgaonkar
Good afternoon. Welcome to Nissan’s First Quarter 2024 Financial Results. Thank you for joining us. First, let me introduce the speakers for today. Mr. Makoto Uchida, President, Chief Executive Officer. Mr. Stephen Ma, Chief Financial Officer.
In today’s agenda, we will begin with the presentation followed by Q&A session. CFO, Stephen Ma will cover the details of the results of the first quarter ending June 30th; and CEO, Uchida will present the outlook for the fiscal year.
Now I’d like to turn it over to Mr. Ma.
Stephen Ma
Thank you, Lavanya. Good afternoon, everyone. We are announcing the results against challenging conditions and weaker performance in the first quarter. While the result is within our expectations, we are taking immediate actions to address the situation. I will describe it later.
Our net revenue rose slightly to around ¥3 trillion. Our profit was adversely affected by several negative factors, which will be explained in later slides. Our operating profit was ¥1 billion and net income ¥28.6 billion....
Nissan Motor Co., Ltd. (NSANY) Q1 2024 Earnings Call Transcript