Nissan (NSANY) AI Stock Analysis

Company Guidance

Nissan reaffirmed its FY2026 financial guidance while adjusting volumes: revenue JPY 13.0 trillion, operating profit JPY 200 billion (1.5% margin) and net income JPY 20 billion, with revised full‑year sales volume of 3.15 million units and production of 2.8 million units. In Q1 the company sold >700,000 units (unit sales almost flat YoY), consolidated net revenues rose 9.5% YoY, operating profit was JPY 77.9 billion and net income JPY 3.8 billion; automotive operating loss was near breakeven at JPY 8.3 billion. Cash/flow and investment metrics: automotive free cash flow improved to JPY 324 billion (up ~JPY 67 billion YoY; excl. one‑time impacts ~JPY 100 billion), net cash ~JPY 970 billion (automotive cash & equivalents > JPY 2.1 trillion), CapEx ~JPY 114 billion and R&D JPY 120 billion. Re:Nissan cost actions delivered JPY 60 billion in Q1, bringing cumulative savings to ~JPY 315 billion toward a JPY 500 billion target, and engineering cost per hour is down 20% (achieved three quarters early). Key P&L bridge items included FX +JPY 35 billion, Monozukuri savings ~JPY 82 billion, sales performance +JPY 23.7 billion, tariffs +JPY 18.3 billion, one‑time gains +JPY 32 billion (including JPY 61 billion U.S. tariff clawbacks), offset by raw materials -JPY 24 billion and inflation -JPY 14 billion. Regional dynamics: U.S. sales up 9.6% (North America +4.2%), Japan +1.3% (Roox deliveries +52%, Kicks >11,000 orders, Elgrand >8,000 orders), China retail +7.2% in Jan–Mar but sales weakened to -15% April–June (industry -22% H1), Europe -14.6% and Rest of World -16.8%; Middle East disruptions are expected to depress volumes by ~18–19k units and hit profits by roughly JPY 15–20 billion in H1 due to elevated logistics costs.