Nissan is now forecasting a 180 billion yen ($1.6 billion) net profit for the fiscal year to March 2022, up from an earlier estimate of 60 billion yen. Nissan’s previous annual net profit in black was in 2018-19.
see photosNissan posted a net profit of 54.1 billion yen in Q2, up from a net loss of 44.4 billion yen from the previous year.
Nissan tripled its full-year net profit forecast on Tuesday as it rebounded from the impact of the pandemic with a strong quarterly performance, saying it faces challenges including the global chip crisis and rising raw material prices. hopes to do. The firm now forecasts 180 billion yen ($1.6 billion) in net profit for the fiscal year to March 2022, up from an earlier estimate of 60 billion yen. Nissan’s previous annual net profit in black was in 2018-19.
three months to September, Nissan It reported a net profit of 54.1 billion yen, up from a net loss of 44.4 billion yen for the same period last year. Nissan CEO Makoto Uchida said in a statement, “Our strong results are the result of diligent financial management, superior sales quality and consistent product aggressiveness. This has helped us overcome many adversity.”
Nissan plans to reduce its production by about 30 percent from its original plan in October and November due to chip shortages.
The firm has faced a series of trials in recent years, including weak demand during the Covid-19 lockdown and fallout from the arrest of former boss Carlos Ghosn, who is now a fugitive in Lebanon.
On Tuesday, the company cut its full-year sales forecast from 9.75 trillion yen to 8.8 trillion yen, partly due to the impact of semiconductor shortages at auto firms around the world. The disruption in supply has exacerbated the mismatch between demand and availability of chips, which are a key component in modern cars.
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As public broadcaster NHK reports, Nissan plans to cut its production by about 30 percent from its original plan in October and November because of chip shortages.
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