Nissan: downward revision of forecasts for the financial year


(CercleFinance.com) – Nissan has announced a revision of its financial forecasts for the entire fiscal year for the 2023/2024 financial year ending March 31, 2024. This revision is linked to sales lower than its forecasts , particularly due to inflation.

The car manufacturer, which had already lowered its sales forecasts last February against a backdrop of intensifying competition, says it only expects 3.44 million deliveries for the financial year, compared to 3.55 million units previously envisaged. .

Its annual turnover is expected at 12,600 billion yen, whereas it was previously expected at around 13,000 billion yen.

The operating profit forecast has for its part been reduced from 620 to 530 billion yen, while the net profit target has been revised from 390 to 370 billion.

Under the recently announced Arc business plan, Nissan aims to increase annual global sales volume by one million units by the end of fiscal 2026 and accelerate the company’s transition to electric vehicles. To carry out this plan, Nissan will adopt more effective methods of collaboration with its suppliers.

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