Nissan Earnings | TheDetroitBureau.com
Detroit Bureau on Twitter

Posts Tagged ‘nissan earnings’

Nissan Enjoys Strong Quarterly Earnings

Japanese maker seeing strong sales in U.S., China and Mexico.

by on Jul.29, 2016

Nissan Corporate Vice President Joji Tarawa spells out the maker's quarterly results.

Nissan Motor Co., Ltd. enjoyed a profitable second quarter for this year with operating profit up more than 35% due to strong demand for its crossovers and sporty sedans in the United States, officials said.

During the three months ending June 30, global total industry volumes – or TIV – reached 22.79 million units, an increase of 3.5%, the company reported. In the U.S., Nissan’s sales rose by 7.9% to 398,000 units, equivalent to a market share of 8.7%, amid strong demand for Altima, Rogue and the new Maxima.

The Last Word!

The company has performed well in China as well during the first half of 2016. Six-month sales performance in China, Nissan’s passenger vehicle sales increased 6.6% to 526,000 units. (more…)

Nissan Reports FY 2015 Profit Jump of 34.6%

Automaker expresses cautious optimism for 2016.

by on May.12, 2016

CEO Carlos Ghosn outlines Nissan's financial results for FY 2015: profits were up 34.6% last year.

Nissan’s takeover of Mitsubishi, in some measure, reflects the company’s successful 2015: Nissan Motors reported revenue of $101.4 billion and an operating profit of $6.6 billion … in short, it had the cash to make the deal happen.

Those figures represent increases of 7.2% and 34.6% respectively. The company earned a 6.5% margin on those earnings and net income of $4.4 billion. Globally, Nissan sold 5.42 million vehicles in the period, a 2% rise year-on-year.

In the Know!

“These solid results reflect the success of our continuing product offensive, particularly in the North American market,” said Carlos Ghosn, president and chief executive officer. (more…)

Nissan Turns $1.6B Q3 Profit

Automaker sees earnings rise 24% during quarter.

by on Feb.10, 2016

Nissan Chief Carlos Ghosn said the company expects to meet its financial forecast for the full year.

Like so many other automakers, Nissan rode the wave of record sales in North America to a profit last quarter.

The Japanese automaker reported a 24% increase in operating profit to $1.6 billion on revenue of $24.8 billion.

The Leader in Global Automotive News!

Through three quarters, Nissan posted an operating profit of $4.8 billion, representing an increase of 40.6% on revenue of $73.5 billion, up 10.6%. (more…)

Strong Nissan Profits Could Signal Good Numbers for Toyota, Honda

Nissan earnings up 38%, as maker raises full-year forecast.

by on Nov.03, 2015

Nissan CEO Carlos Ghosn at the Tokyo Motor Show.

Nissan Motor Co.’s strong quarterly earnings – and upgraded forecast for the full year – signal that its two chief Japanese rivals, Toyota and Honda, will also deliver solid numbers, industry analysts are forecasting.

Nissan delivered a 172.8 billion yen, or $1.4 billion, profits for the July-September quarter, the second in its fiscal year. That was up from 124.9 billion yen during the same period a year ago. And the maker said it expects to see a 17% increase in net income, to 535 billion yen, or $4.4 billion, for the full fiscal year ending next March.

Go Figure!

“We are increasing our financial forecast for the full year as our product offensive, our continued financial discipline and the ongoing benefits of our Alliance strategy is delivering better than expected results,” said CEO Carlos Ghosn.

(more…)

Earnings Up, Nissan Raises Forecast

Strong North American sales, weak yen provide “positive momentum.”

by on Feb.09, 2015

CEO Ghosn raises Nissan's full-year earnings forecast.

Crediting improved sales, cost-cutting and a weak yen, Nissan is reporting a 21% jump in its quarterly profits, while also increasing its earnings estimate for the full fiscal year.

The second-largest of the Japanese makers earned 101.8 billion yen for the October to December quarter, or $856 million. That was significantly better than the 83 billion yen, or 697 million consensus forecast, according to FactSet.

“Nissan delivered solid financial results in the first nine months of the fiscal year, reflecting rising U.S. sales of our latest models and a normalizing yen-dollar exchange rate,” said the maker’s President and CEO Carlos Ghosn, in a statement.

A Global News Platform!

Crediting “positive momentum” in sales, as well as a weak yen, Ghosn upped the full-year forecast for Nissan to 420 billion yen, or $3.5 billion, which would be an 8% annual increase. Nissan had originally expected to earn 405 billion yen, or $3.4 billion, for the fiscal year which ends on March 31.

(more…)

Nissan Earnings Surge 37% on Weak Yen, Strong Sales

Net profit significantly beats analysts’ forecasts.

by on Jul.28, 2014

The Nissan Sentra has helped drive strong demand for the maker, especially in the U.S. market.

Nissan saw a big surge in earnings for the latest quarter, with analysts crediting both strong sales in China and the U.S., as well as a boost from favorable exchange rates.

The second-largest Japanese maker reported a net profit of 112 billion yen, or $1.1 billion, a 37% year-over-year increase from 82 billion. The figures far and away exceeded analysts’ consensus forecast of 85 billion yen, or $835 million, according to data gathered by FactSet.

By the Numbers!

“Nissan continued to make progress in the first three months of the fiscal year as encouraging demand for new products, benefits from recent plant investments, and improving market conditions in North America, China and Europe combined to lift both revenues and profits,” said Nissan President and CEO Carlos Ghosn.

(more…)

Nissan Profits Jump 5%, Sales Outpace Industry

“Satisfactory” earnings and an optimistic forecast.

by on May.12, 2014

Nissan CEO Carlos Ghosn announcing earnings.

Its sales outpacing the rest of the global industry, Nissan Motor Co. earnings increased 5% for the January to March quarter – though favorable exchange rates also helped drive up earnings.

Nissan’s numbers came out ahead of the predictions by a group of analysts surveyed by FactSet. The automaker also signaled that it expects further growth during the fiscal year that began on April 1, countering arch-rival Toyota which issued a more cautious forecast for the coming year.

Your Automotive Source!

For the most recent three-month period, sales jumped 20%, to 3.2 trillion yen, or $31 billion, but the quarterly profit of 114.9 billion yen, or $1.1 billion, but a more modest 5%, from 109.7 billion yen, something described only as “satisfactory” by Nissan CEO Carlos Ghosn, who said the company must work harder in “pursuing profitable growth opportunities, focusing relentlessly on quality and enhancing our sales power.” (more…)

Cold Weather Doesn’t Dim Nissan’s Expectations

Maker’s sales heat up despite Polar Vortex, and should keep building, says senior exec.

by on Feb.27, 2014

Nissan's Fred Diaz during a Detroit appearance.

It’s been a cold month in Hell, Michigan and much of the rest of country this winter, and February is looking to deliver another big chill to the auto industry, February sales likely to echo the unexpected cool-down experienced last month.

But the impact is likely to be short-lived, suggested Fred Diaz, the new Nissan division boss, during an appearance at the Automotive Press Association on Thursday.  “I’m not a believer you lose sales for good” because of bad weather, he said. “You only delay sales” that the industry will likely regain once the weather warms up.

http://www.thedetroitbureau.com/about/subscribe

Your Auto News Source!

On the downside, the Nissan executive – who joined the company a year ago after spending a quarter-century with Chrysler – said the auto industry likely needs to prepare for a slowdown in the pace of its recovery since the end of the Great Recession.  Since bottoming out in 2010, U.S. auto sales have been growing at better than double-digit annual rates, but Diaz cautioned that level of “growth is unsustainable. We’re already seeing signs it will level off.”

(more…)

Strong Sales, Weak Yen Drive Up Nissan Earnings

China, Japan see strong surge in demand.

by on Feb.10, 2014

Strong demand for the Altima boosted U.S. sales.

Surging global sales, along with a weak Japanese yen, helped Nissan Motor Co. deliver a 57% increase in profits for the final quarter of 2013.

The second-largest Japanese maker earned 84.3 billion yen, or $823 million, for the October-December quarter, up from 53.8 billion yen the year before – but a fraction of the 525.4 billion yen, or $5.2 billion, in earnings announced by the industry giant Toyota Motor Co. last weak.

A Profitable News Source!

Both makers, along with Japan’s third-largest automotive manufacturer Honda, have benefited significantly from last year’s plunge in the yen which averaged around 80 to the U.S. dollar during the final months of 2013, down from around 100 a year before.

(more…)

Nissan Earnings Up – But Maker Cuts Forecast, Shakes Up Management

CEO Ghosn cites tougher market conditions.

by on Nov.01, 2013

"We take this very seriously," says CEO Ghosn.

Despite posting a 2% increase in its quarterly net profit, the mood was sour at Nissan Motor Co. Friday morning as CEO Carlos Ghosn cut the Japanese maker’s forecast for the year and reshuffled its leadership team.

Among those impacted by the management reorganization, Chief Operating Officer Toshiyuki Shiga has been shuffled aside and appointed vice chairman while three other executives will now serve as co-COOs.

“Our slow performance required immediate action to be taken,” said Ghosn from Nissan’s headquarters in Yokohama. “We are really tightening. We take this very seriously.”

Stay Informed!

The second-largest of the Japanese makers posted a 107.8 billion yen, or $1.1 billion, profit for the July – September period, the second quarter of its fiscal year. That was up just 2% from the 105.7 billion yen net posted a year earlier.  Quarterly sales, however, rose 16%, to 2.5 trillion yen, or $25.4 billion.

(more…)