Nissan Motor Co ( (NSANF) ) has released its Q4 earnings. Here is a breakdown of the information Nissan Motor Co presented to its investors.
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Nissan Motor Co., Ltd. is a prominent Japanese automobile manufacturer known for producing vehicles and parts, and providing sales finance services to support its automotive business.
In its latest earnings report for fiscal year 2024, Nissan reported a challenging financial performance with a significant decline in net sales and operating income. The company faced a net loss attributable to owners of the parent amounting to ¥670.9 billion, a stark contrast to the previous year’s profit.
Key financial metrics revealed a decrease in net sales by 0.4% to ¥12,633.2 billion, and operating income plummeted by 87.7% to ¥69.8 billion. The decline was attributed to reduced sales volume, increased sales incentives, and inflationary pressures. Additionally, the company recorded substantial impairment losses and restructuring costs, contributing to the overall financial downturn.
Despite the financial setbacks, Nissan maintained a healthy cash position in its automotive business, with cash and cash equivalents increasing by ¥71.3 billion to ¥2,197.5 billion by the end of the fiscal year. However, the company has not provided a forecast for fiscal year 2025 due to uncertainties such as U.S. tariffs, indicating a cautious outlook moving forward.