Nissan Jidosha KK

Latest Results (20.08.2024):

Full Year Financial Results

Nissan Jidosha KK reported its financial results for the full year of fiscal 2023, ending March 31, 2024. The company achieved consolidated net revenue of 12.686 trillion yen, resulting in an operating profit of 568.7 billion yen with an operating margin of 4.5%. Net income for the year was 426.6 billion yen, and automotive net cash stood at 1.546 trillion yen. The increase in operating profit and net income compared to earlier forecasts was attributed to the reversal of previously recorded litigation provisions.

Fourth Quarter Financial Highlights

In the fourth quarter of fiscal year 2023, Nissan Jidosha KK reported consolidated net revenue of 3.514 trillion yen. The consolidated operating profit for the quarter was 90.3 billion yen, with an operating profit margin of 2.6%. Net income for the fourth quarter was 101.3 billion yen. These results reflect a slight increase in operating profit compared to the same quarter in the previous fiscal year.

FY2024 Outlook

For fiscal year 2024, Nissan Jidosha KK has forecasted net revenue of 13.6 trillion yen and an operating profit of 600 billion yen. The company expects net income to be around 380 billion yen. Additionally, Nissan has projected an annual dividend of 25 yen or more per share for the upcoming fiscal year. The company anticipates facing intense competition and inflationary pressures but aims for steady growth through its new business plan, "The Arc."

Dividend Proposal

Nissan Jidosha KK plans to propose the payment of a year-end dividend of 15 yen per share for fiscal year 2023 at the general shareholders meeting. This proposal reflects the company's improved financial performance and commitment to returning value to its shareholders. The proposed dividend is part of Nissan's broader strategy to maintain a balanced approach to growth and shareholder returns.

Operating Profit Increase

Nissan Jidosha KK's operating profit for fiscal year 2023 was 568.7 billion yen, marking a significant increase of 51% year over year. This improvement was driven by the company's efforts to enhance the quality of sales in each market and implement key initiatives under the Nissan NEXT business transformation plan. The operating margin also improved to 4.5%, up from 3.6% in the previous fiscal year.