Nissan Shares Financial Results of FY23, Reports Profit of 336.7 Billion Yen
Curated By: Shahrukh Shah
Last Updated: November 11, 2023, 14:02 IST
Image used for representation. (Photo: Manav Sinha/News18.com)
Amid this, sales volume in China faced some challenges due to the growing competition, and continuous adoption of the transition to new energy vehicles by local brands.
The Japanese carmaker Nissan has received an overwhelming response from the market this year, and has done some good business in the past few months. The company has shared the last six months’ financial results, which ended on September 30, 2023, revealing full-year revenue and profit outlook for the current fiscal.
As per the details shared by the brand, the company has increased the combined net revenue by 1.40 trillion yen to 6.06 trillion yen. With this, the consolidated operating profit saw a spike of 180.1 billion yen to 336.7 billion yen, representing an operating profit margin of 5.6 percent.
Nissan’s Net Profit in H1 FY23.
The company also reported a net income of 296.2 billion yen. The Nissan officials say that the company’s operating margin saw an increase of 2.2 percent to 5.6 percent in H1 FY23.
Financial Result for Second Quarter FY23.
When it comes to the second quarter (July-September 2023) of FY23, Nissan reported a combined overall net revenue of 3.14 trillion yen with a consolidated operating profit of 208.1 billion yen, showcasing an operating profit number of 6.6 percent.
Sale Volume in China
Amid this, sales volume in China faced some challenges due to the growing competition, and continuous adoption of the transition to new energy vehicles, led by local companies there.
Here’s How Nissan President Reacted on Numbers
Nissan President and CEO Makoto Uchida said: “We have made substantial year-on-year operating profit improvements in the final year of our Nissan NEXT transformation plan. This puts us on track towards delivering our targets and achieving sustainable growth. We are also taking strategic actions to enhance our operations in China, including the launch of four New Energy Vehicles starting in the second half of 2024. Combined, these steps demonstrate continued progress in realizing our long-term vision, Nissan Ambition 2030.”
Curated By: Shahrukh Shah
Last Updated: November 11, 2023, 14:02 IST
Image used for representation. (Photo: Manav Sinha/News18.com)
Amid this, sales volume in China faced some challenges due to the growing competition, and continuous adoption of the transition to new energy vehicles by local brands.
The Japanese carmaker Nissan has received an overwhelming response from the market this year, and has done some good business in the past few months. The company has shared the last six months’ financial results, which ended on September 30, 2023, revealing full-year revenue and profit outlook for the current fiscal.
As per the details shared by the brand, the company has increased the combined net revenue by 1.40 trillion yen to 6.06 trillion yen. With this, the consolidated operating profit saw a spike of 180.1 billion yen to 336.7 billion yen, representing an operating profit margin of 5.6 percent.
Nissan’s Net Profit in H1 FY23.
The company also reported a net income of 296.2 billion yen. The Nissan officials say that the company’s operating margin saw an increase of 2.2 percent to 5.6 percent in H1 FY23.
Financial Result for Second Quarter FY23.
When it comes to the second quarter (July-September 2023) of FY23, Nissan reported a combined overall net revenue of 3.14 trillion yen with a consolidated operating profit of 208.1 billion yen, showcasing an operating profit number of 6.6 percent.
Sale Volume in China
Amid this, sales volume in China faced some challenges due to the growing competition, and continuous adoption of the transition to new energy vehicles, led by local companies there.
Here’s How Nissan President Reacted on Numbers
Nissan President and CEO Makoto Uchida said: “We have made substantial year-on-year operating profit improvements in the final year of our Nissan NEXT transformation plan. This puts us on track towards delivering our targets and achieving sustainable growth. We are also taking strategic actions to enhance our operations in China, including the launch of four New Energy Vehicles starting in the second half of 2024. Combined, these steps demonstrate continued progress in realizing our long-term vision, Nissan Ambition 2030.”
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