Overview
- Nissan reported operating income of about ¥77.9 billion for the April–June quarter and a net profit of ¥3.76 billion with sales rising 9.5% to ¥2.96 trillion.
- The quarterly operating result far exceeded the median analyst forecast of ¥7.5 billion and reverses a roughly ¥79.1 billion operating loss in the same quarter a year earlier.
- Management said cost-control measures and a weaker yen were the primary drivers of the profit while it continued to cite lower global sales volumes and higher raw-material costs as ongoing headwinds.
- The company kept its full-year forecast unchanged at ¥200 billion in operating profit and ¥20 billion in net profit and lowered its annual vehicle sales target to about 3.15 million units.
- The quarter extends a multi-quarter recovery but leaves sustainability questions because future results will depend on continued cost discipline, favorable currency moves, and improvements in sales markets such as China and the Middle East.