Nissan reports net income of 136.4 billion yen for first quarter of FY2016

Results for three months to June 30, 2016 (TSE report basis – China JV equity basis)1	FY2016 3 months (Apr.-Jun. 2016)	Y-O-Y
Net revenue	¥2.65 trillion ($24.6 billion/€21.8 billion)	-8.4% (+2.9% in $ /+0.8% in €)
Operating profit	¥175.8 billion ($1.6 billion/€1.4 billion)	-9.2% (+2.0% in $ /-0.1% in €)
Ordinary profit	¥198.2 billion ($1.8 billion/€1.6 billion)	-8.2% (+3.2% in $ /+1.1% in €)
Net income2	¥136.4 billion ($1.3 billion/€1.1 billion)	-10.7% (+0.3% in $ /-1.7% in €)
Based on average foreign exchange rates of JPY 108.0/USD and JPY 121.9/EUR

YOKOHAMA, Japan (July 27, 2016) – #nissan Motor Co., Ltd. today announced financial results for the three-month period to June 30, 2016.

Operating profit was 175.8 billion yen for the period, representing a 6.6% margin on net revenues of 2.65 trillion yen. On a constant currency basis, operating profit was 267.0 billion yen, up 37.8%.

“Nissan has delivered solid results in the first three months of the fiscal year despite recent currency headwinds and continued emerging-market volatility,” said Carlos Ghosn, president and chief executive officer. “Encouraging demand for core products, particularly in North America, and our continued focus on cost efficiencies contributed to an improved underlying performance, making us well placed to deliver our full-year net income guidance. This reflects our cost-discipline, on-going product offensive and the benefits of our Alliance strategy.”

On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint-venture operations in China, net revenue was 2.89 trillion yen. Operating profit was 209.0 billion yen, resulting in a 7.2% operating profit margin.

FY2016 Outlook

Nissan maintained its forecasts first issued to the Tokyo Stock Exchange in May. Calculated under the equity accounting method for the fiscal year ending March 31, 2017, the forecasts showed:

Nissan FY15 Outlook – TSE report basis – China JV equity basis1 Net revenue ¥11.8 trillion
($112.4 billion/€98.3 billion) Operating profit ¥710.0 billion
($6.8 billion/€5.9 billion) Ordinary profit ¥800.0 billion
($7.6 billion/€6.7 billion) Net Income2 ¥525.0 billion
($5.0 billion/€4.4 billion) Calculated on exchange rate of JPY 105/USD and JPY 120/EUR

1 Since the beginning of fiscal year 2013, #nissan has reported figures calculated under the equity method accounting for its joint venture with Dong Feng in China. Although net income reporting remains unchanged under this accounting method, the equity-accounting income statements no longer include Dong Feng-Nissan's results in revenues and operating profit.
2 Net income attributable to owners of the parent

For detailed #nissan financial information and presentations:
www.nissan-global.com/EN/IR/FINANCIAL/

“Constant currency” provides a framework for assessing underlying businesses performance excluding the effect of foreign currency rate fluctuations. Constant currency financial measures should not be considered as a substitute for, or superior to, the reported measures of financial performance.

About #nissan Motor Co.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the #nissan, Infiniti and Datsun brands. In fiscal year 2015, the company sold more than 5.4 million vehicles globally, generating revenue of ¥12.19 trillion. #nissan engineers, manufactures and markets the world's best-selling all-electric vehicle in history, the #nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: ASEAN & Oceania; Africa, Middle East & India; China; Europe; Latin America and North America. #nissan has a global workforce of 247,500, and has been partnered with French manufacturer Renault under the Renault-Nissan Alliance since March 1999.

- Documents (1)

Press release

13KB

Related news

april 19, 2024	april 18, 2024	april 03, 2024
Nissan revises financial forecast for fiscal year 2023	Nissan shows in-construction all-solid-state battery pilot line in Japan	Nissan Group reports 2024 first quarter U.S. Sales
YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced a revision to its financial forecast, made on February 8, 2024, for the f...	YOKOHAMA, Japan - Nissan today showed its in-construction all-solid-state battery pilot line to members of the media at its Yokoha...	NASHVILLE, Tenn. – Nissan Group announced total U.S. first quarter (January through March) sales for 2024 of 252,735 units, an inc...
Automotive Corporate	Automotive Corporate Green	Automotive Corporate
#nissan #corporate #production #sales #automotive	#nissan #corporate #green #hydrogen #production #japan #automotive	#nissan #corporate #production #sales #automotive
Download all	Download all	Download all
1	5 1 1	1 2

You might be interested in

april 03, 2024	march 29, 2024	march 27, 2024
Nissan receives 15th ENERGY STAR® Partner of the Year award	Nissan commits to Formula E GEN4 reinforcing its Ambition 2030 electrification plans	Nissan’s new business plan, The Arc, to drive growth and electrify markets in the AMIEO region
FRANKLIN, Tenn. – Nissan North America has been named an ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agen...	Japanese OEM to compete in the all-electric FIA World Championship until at least 2030YOKOHAMA, Japan – Nissan announced today its...	Electric vehicle expansion planned for all sub-regions in AMIEO11 new model launches, including hero models in all sub-regionsRegi...
Automotive Corporate Green	Automotive Corporate Green Racing	Automotive Corporate Green
#nissan #corporate #green #award #automotive #partneroftheyear #energystar	#nissan #corporate #racing #ev #abbformulae #automotive #event #nissanformulaeteam	#nissan #corporate #green #automotive #innovation #thearc
Download all	Download all	Download all
1 1	15 1	3 1 1