- Nissan said it expects clean profit of 3.8 billion yen from sales in the fiscal year ending March 2025.
- Nissan CEO Ivan Espinosa, citing the company’s results from car sales, said the problem is with the exchange rate.
- The company reduced its forecast for full-year profit in China to 3.15 billion for automakers, after it changed its outlook for vehicle sales through the year in Kumamoto.
Nissan Motor Corp. said it expects to report a profit for the first quarter of the year. The company expects the result to come from lower-than-expected sales of vehicles.
Nissan, which is headquartered in Yokohama, said it expects clean profit of 3.8 billion yen for the period ending March 2025. The company forecast profit to be 115.8 billion yen, which it said was the same as the previous year.
For the fiscal year, Nissan expects 2.96 trillion yen, or 19 billion dollars, which is 9.5% higher than the 2.7 trillion yen forecast for the previous year.
In addition, the company said that due to the two fiscal year results, Nissan will continue to use the same sales strategy, but the company expects to make a profit in the coming years.
General director Ivan Espinosa said in a statement that it is possible to increase profits. He also noted that the company’s sales will continue to grow in the Middle East, and that sales will increase in the US and Japan.
The materials also say that it is possible that the company’s profits will fall due to the closure of the Strait of Hormuz in Iran, which is expected to affect exports of Japanese cars to the Middle East.
In China, Nissan said it will continue to sell vehicles through the local market, which it says is expected to exceed the previous year. In addition, due to the winter weather, Leaf electric cars and Infiniti will be replaced by new models with a forecast of 3.15 million vehicles: the forecast indicates that sales will rise from 3.3 million units.
Nissan cooperates with Renault SA of France and Mitsubishi Motors Corp. of Japan, and also has partnerships with Honda Motor Co. of Japan, with which it shares technology and competes in the market.
Espinosa said that due to the company’s sales, it will continue to grow through the year, which is expected to be 7.1, which is why the sales forecast in Kumamoto is 7.1. According to the wording, the company’s sales growth will not be, however, as the company’s sales forecast in Kumamoto will be 7.1. The company’s sales growth will include the partner’s market.
According to the company’s forecast, the annual profit will reach 5,000 vehicles. In the US, Japanese automakers, which are expected to have negative effects on tariff rates, are facing President Donald Trump’s statement: he plans to reduce tariffs by 15% from the current 27.5%, while leaving the rate unchanged at 2.5%.
Also in the materials it is said that Nissan will reduce the number of vehicles sold in the country. The company’s forecast for full-year profit is: profit 20 billion yen (127 million dollars) for vehicle sales in 13 trillion yen (83 billion dollars).
In a comment, Espinosa said that the company’s plan is to ensure stable conditions for its customers, and that it will maintain the strength of Nissan’s engines.