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Nissan Profits Up – But Forecast Trimmed

Chinese boycott likely to be significant setback.

by on Nov.06, 2012

Nissan COO Toshiyuki Shiga with the maker's Townpod concept vehicle.

Nissan Motor Co. followed its two key Japanese rivals on Tuesday by reporting an upward bump in earnings – but while also forecasting that problems in China will negatively impact its full-year forecast.

Compared to Honda and Toyota, Nissan revealed a relatively modest 8% increase in net earnings for the July – September quarter. But by comparison, Japan’s second-largest automaker also recovered much faster than its rivals from the devastating earthquake and tsunami that swept through the Northeast part of the country in March 2011.

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On the other hand, Nissan appears particularly vulnerable in China, where anti-Japanese sentiment reached the boiling point in September after the Tokyo government acquired a series of uninhabited islets in the South China Sea also claimed by Beijing. That has touched off an ongoing boycott that is likely to have an ongoing impact, Nissan warned.

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Nissan Forecasts Record Sales but Declining Profits

Maker likely least hurt by March disaster among major Japanese brands.

by on Jun.23, 2011

Nissan CEO Carlos Ghosn, shown with a Nissan Leaf, forecasts an unexpectedly good year..

Like its major Japanese rivals, Toyota and Honda, the March 11 earthquake and tsunami will take a substantial toll on Nissan’s earnings for the current fiscal year, the maker forecast today – but Nissan officials also predicted that their company will experience another year of record sales despite a substantial cut in production in the weeks following that disaster.

Nissan’s strong reliance on overseas assembly plants – and suppliers outside Japan – helped minimize the impact of the disaster, the company has suggested, allowing it to resume production faster than those competitors, especially Toyota, which continues to base a large portion of its production operations in the home Japanese market.

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Nissan’s net profit is now projected to slip 15.4%, to ¥270 billion, or $3.4 billion, down from ¥319 billion in the previous fiscal year, which ended March 31.  On the other hand, revenues are expected to climb 7.1%, to ¥9.4 trillion.  The maker, meanwhile, said it would double its dividend to ¥20 per share this year.

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