Nissan Motors ( (NSANY) ) has released its Q4 earnings. Here is a breakdown of the information Nissan Motors presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Nissan Motor Co., Ltd., a prominent player in the global automotive industry, is known for manufacturing and selling vehicles and parts, as well as providing sales finance services to support its automotive operations.
In its latest earnings report, Nissan revealed a challenging fiscal year 2024, marked by a decline in net sales and significant losses. The company faced a decrease in global retail sales volume and market share, with notable declines in key regions such as Japan and China.
Nissan’s financial performance for FY2024 showed a decrease in net sales by 0.4% to ¥12,633.2 billion, with operating income plummeting by 87.7% to ¥69.8 billion. The company reported a net loss attributable to owners of the parent totaling ¥670.9 billion, a significant deterioration from the previous year. The decline in sales volume, increased sales incentives, and inflation were cited as major factors impacting the financial results.
Despite the financial setbacks, Nissan maintained a healthy level of cash in its automotive business, ending the period with an automotive net cash position of ¥1,498.4 billion. However, the company faces uncertainty in forecasting its FY2025 results due to external factors such as U.S. tariffs.
Looking ahead, Nissan’s management remains cautious, acknowledging the uncertain environment and refraining from providing a detailed forecast for FY2025. The company is focused on navigating the challenges and exploring strategic opportunities to stabilize and improve its financial performance.