YOKOHAMA, Japan – Nissan Motor Co., Ltd. at the moment introduced monetary outcomes for the 12-month interval ending March 31, 2019.
The corporate confronted an unfavorable world enterprise local weather, and incurred short-term prices attributable to its initiatives to enhance high quality of gross sales within the U.S., in addition to the implementation of a guaranty extension marketing campaign protecting sure autos. Based mostly on the components outlined above Nissan generated an working revenue of 318.2 billion yen for the total yr on internet revenues of 11.57 trillion yen, equal to an working margin of two.7%. Full-year internet earnings1 decreased by 57.Three% to 319.1 billion yen.
Full-12 months Monetary Highlights
The next desk summarizes Nissan’s monetary outcomes for the 12-month interval ending March 31, 2019, calculated underneath the fairness accounting methodology for the group’s China three way partnership.
(TSE report foundation – China JV fairness foundation)2
Yen in billions
% change yr on yr
Working margin %
Based mostly on common international change charges of JPY 110.9/USD and JPY 128.four/EUR for FY2018
On a administration professional forma foundation, which incorporates the proportionate consolidation of outcomes from Nissan’s three way partnership operation in China, working revenue was 493.2 billion yen and internet earnings1 was 319.1 billion yen.
Gross sales efficiency
In fiscal yr 2018, world unit gross sales fell by four.four% to five.516 million models.
Regardless of the unfavorable enterprise local weather, gross sales in Japan (together with minivehicles) rose by 2.1% to 596,000 models. This improve was pushed by sturdy demand for the Observe compact automobile and the Serena minivan, which characteristic Nissan Clever Mobility by providing applied sciences corresponding to e-POWER and ProPILOT. The Observe was the top-selling registered car in Japan in fiscal yr 2018, whereas the Serena led the minivan phase.
In China, the place the corporate’s outcomes are calculated on a calendar-year foundation, sturdy performances by the brand new Kicks, X-Path and Sylphy led to a 2.9% improve in Nissan’s unit gross sales elevated to 1.564 million models, equal to a market share of 5.9%.
Within the U.S., Nissan’s unit gross sales fell by 9.Three% to 1.444 million models, equal to a market share of eight.four%.
Nissan gross sales in Europe, excluding Russia, fell by 17.eight% to 536,000 models, which resulted in a market share of three.zero%. Unit gross sales in Russia, nonetheless, rose by 2.6% to 107,400 models.
In different markets, together with Asia and Oceania, Latin America, the Center East and Africa, Nissan’s gross sales fell by zero.four% to 815,000 models.
Fiscal 2018 Dividend Nissan plans to suggest a dividend of 57 yen per share for fiscal yr 2018 on the firm’s Bizarre Common Assembly of Shareholders.
Outlook The corporate expects to promote 5.54 million models in fiscal yr 2019, a small improve over fiscal yr 2018.
Nissan’s administration is focusing its efforts on constructing an operational base that may guarantee constant and regular profitability over the medium time period. Key initiatives embrace reinforcing the corporate’s U.S. operations and enhancing the effectivity of the corporate’s world investments and operations, whereas enhancing model worth by means of the launch of latest fashions that embody Nissan Clever Mobility.
Fiscal yr 2019 marks the beginning of those initiatives, and the corporate expects that the supply of considerable enhancements in efficiency won't be instant.
Taking the above into consideration, the corporate has filed the next fiscal yr forecasts to the Tokyo Inventory Trade. Calculated underneath the fairness accounting methodology for Nissan’s three way partnership in China, the forecasts for the fiscal yr ending March 31, 2019, are:
Nissan FY19 Outlook
– TSE report foundation – China JV fairness foundation2
(Yen in billions)
Calculated based mostly on change price of JPY 110/USD and JPY 129/EUR
Nissan has forecast a complete dividend of 40 yen per share for fiscal yr 2019.
1 Web earnings attributable to homeowners of the mum or dad 2 Because the starting of fiscal yr 2013, Nissan has reported figures calculated underneath the fairness methodology accounting for its three way partnership with Dong Feng in China. Though internet earnings reporting stays unchanged underneath this accounting methodology, the equity-accounting earnings statements not embrace Dong-Feng-Nissan’s ends in revenues and working revenue.
For detailed Nissan monetary data and displays: www.nissan-global.com/EN/IR/FINANCIAL/