TOP > Nissan Reports > Nissan’s Q1 Results Show 82 Billion Yen Net Profit; Forecast Unchanged

Nissan’s Q1 Results Show 82 Billion Yen Net Profit; Forecast Unchanged

July 25 – Yokohama – Nissan announced first-quarter financial results Thursday, posting a net profit of 82 billion yen, or $830 million.

Nissan CVP Joji Tagawa

While global auto sales dipped 3% from a year ago, Joji Tagawa, Nissan’s corporate vice president with responsibility for investor relations, said the quarter was in line with expectations, and that Nissan is maintaining its full-year profit outlook.

“Our overall sales performance continued to be limited by lingering impacts of the island issue in China where we report on a calendar year basis as well as persistent weakness in Europe,” said Tagawa.

“Nissan’s first quarter performance reflects these market conditions as well as our continued investments for future growth.”

Signs of improving sales in China following last year’s island dispute and a full ramp-up of U.S. operations should enhance Nissan’s financial performance, Tagawa added.

A weaker yen, which has fallen 25% against the dollar from a year ago, and new models, including the Nissan Rogue crossover and Infiniti Q50 will also aid momentum in the current quarter and beyond.

Globally, Nissan sold 1.17 million vehicles in the first quarter, gaining market share in Japan and North America.

Watch the full archive of today’s press conference below:

Video streaming by Ustream

Go back to top of this page