Nissan Reports Net Income Of 325.6 Billion Yen For The First Half Of FY2015
Nissan is a global vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2014, the company sold more than 5.3 million vehicles globally, generating revenue of 11.3 trillion yen. And in FY15, the company announced financial results for the six-month period ending September 30, 2015.
Results for six months to September
30, 2015 (TSE report basis – China JV equity basis)
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FY2015 FIRST HALF
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Y-O-Y
|
Net revenue
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5.93 trillion
($48.7 billion/€43.9 billion)
|
+15.3%
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Operating profit
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¥395 billion
($3.2 billion/€2.9 billion)
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+50.8%
|
Ordinary profit
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¥427.7 billion
($3.5 billion/€3.2 billion)
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+30.3%
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Net income
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¥325.6 billion
($2.7 billion/€2.4 billion)
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+37.4%
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Nissan reported sharp increased operating profit and solid revenue growth. The operating profit of the company rose to 395.0 billion yen for the period, representing a 6.7% margin on net revenues that climbed 15.3% to 5.93 trillion yen for the period. On a management per forma basis, which includes the proportional consolidation of results from Nissan’s joint venture operation in China, net revenue for the period increased to 6.45 trillion yen, up 14.4% year-on-year. Operating profit was up 38.8% versus the same period last year, to 461.6 billion yen, resulting in a net 7.2% operating profit margin. The company also sold 2.62 million vehicles globally during the period, which accounts for a 1.3% rise year-on-year.
The sales and earnings improvement followed strong growth in North America, particularly for the Altima sedan and Rogue SUV, and encouraging demand in Western Europe for models including the X-Trail and Qashqai. Nissan also remained the world-leader in electric vehicles, with cumulative sales approaching 200,000 units.
Nissan has updated its forecasts first issued to the Tokyo Stock Exchange on May 13, 2015. Calculated under the equity accounting method for the joint venture in China for the fiscal year ending March 31, 2016, the revised forecasts showed:
Nissan FY15 Outlook – TSE report
basis – China JV equity basis1
|
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Net revenue
|
12.25 trillion
($102.6 billion/€92.4 billion)
|
Operating profit
|
730.0 billion
($6.1 billion/€5.5 billion)
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Ordinary profit
|
790.0 billion
($6.6 billion/€6.0 billion)
|
Net Income
|
535.0 billion
($4.5 billion/€4.0 billion)
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