|Results for 12 months to March 31,
2015 (TSE report basis – China JV
|Net revenue||¥11.38 trillion
($103.6 billion/€82.0 billion)
|Operating profit||¥589.6 billion
($5.4 billion/€4.3 billion)
|Net income||¥457.6 billion
($4.2 billion/€3.3 billion)
Based on average foreign exchange rates of JPY 109.8/USD and JPY 138.7/EURfor the 12-month period.
YOKOHAMA, Japan (May 13, 2015) – Nissan Motor Co., Ltd. todayannounced financial results for the 12 months to March 31, 2015.
The company delivered solid full-year revenues and profits. Robust demand,especially for new products in North America and Western Europe, along withcost efficiencies and the continued correction in the yen-dollar exchange rate,offset challenging market conditions in Japan and several emerging markets.
Operating profit rose to 589.6 billion yen for fiscal year 2014, representinga 5.2% margin on net revenues that reached 11.38 trillion yen for the period.
In the fourth quarter, operating profits were 171.6 billion yen; net incomereached 118.8 billion yen; and revenues increased by 2.6% to 3.29 trillion yen.
On a management pro-forma basis, which includes proportional consolidation ofresults from Nissan’s joint venture operation in China, fiscal year 2014 netrevenues increased to 12.41 trillion yen, up 8.5% year-on-year. Pro-formaoperating profit rose by 18.6% to 718.6 billion yen compared with fiscal year2013. This resulted in a 5.8% operating profit margin.
“These are solid results in a highly competitive market-place,” said CarlosGhosn, president and chief executive officer. “We have been encouraged bydemand for our new products. In the year ahead, we will remain focused ondelivering continued revenue and profit growth, driven by our product andtechnology offensive, cost and sales discipline, and growing synergies from theRenault-Nissan Alliance. These actions will ensure we remain on the right pathtowards our mid-term strategic goals.”
For fiscal year 2015, Nissan expects to sell 5.55 million units, up 4.4% andequivalent to a global market share of 6.5%. New models, including the NissanMaxima, Lannia and Infiniti Q30, are expected to contribute to fiscal year 2015sales growth.
Based on this sales outlook, Nissan has filed the following forecast with theTokyo Stock Exchange for the twelve month period ending March 31, 2016:
|Nissan FY2015 Outlook – TSE report basis – China JV equity basis*|
|Net revenue||12.10 trillion
($105.2 billion/€93.1 billion)
|Operating profit||675.0 billion
($5.9 billion/€5.2 billion)
|Ordinary profit||765.0 billion
($6.7 billion/€5.9 billion)
|Net Income||485.0 billion
($4.2 billion/€3.7 billion)
Calculated on exchange rate of JPY 115/USD and JPY 130/EUR