NSANF - Nissan Motor reports FQ1 results; raises FY23 outlook
2023-07-26 03:15:59 ET
- Nissan Motor press release ( OTCPK:NSANY ): Q1 net income amounted to ¥105.5 billion.
- Revenue of ¥2917.7 billion (+36.5% Y/Y).
- FY2023 outlook: Due to the decline in sales volume in China to date, Nissan expects sales volume to decrease by 7.5% from the previous forecast to 3.7 million units for the 12-month period ending March 31, 2024.
- However, despite negative impact of the decrease of sales volume, Nissan revised its full-year outlook as follows due to thorough financial discipline, and a revise of foreign exchange rates. Nissan is forecasting net revenue of ¥12.6 trillion.
- The company foresees an operating profit of ¥550 billion, which is ¥30 billion better than the previous outlook.
- A net income of ¥340 billion is expected, which is ¥25 billion better than the previous outlook.
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Nissan Motor reports FQ1 results; raises FY23 outlook