Nissan a published i financial results for the first quarter of fiscal year 2021 (concluded last June 30, 2021). The Japanese company recorded judged results “Strongly positive” and revised up the growth forecasts for the entire fiscal year. The arrival of the new vehicles and the improvement in the quality of the sale are the basis for the revision of the estimates for the coming months.
Nissan closed a very strong quarter
Il quarter ended June 30, 2021 (the first of fiscal 2021) closes for Nissan with excellent results. The company reported consolidated net revenues of 2.008 trillion yen and a consolidated operating profit of 75.7 billion yen, with an operating margin of 3.8%. Nissan also reported a quarter with a net profit of 114.5 billion yen.
As for the whole year, however, the estimates have been positively revised. The company expects net sales of 9.75 trillion yen, operating profit of 150.0 billion yen and net profit of 60.0 billion yen (up 120 billion yen from previous forecasts).
Sales, according to the company, will continue to be limited by the shortage of semiconductors in both the second and subsequent quarters. Operating profit is seen growing thanks to the new models.
The company comment
Makoto Uchida, CEO Nissan, points out, “In the first three months of the new fiscal year, we have seen positive results as we continue to implement the Nissan NEXT Business Transformation Plan. In the second quarter, we expect a recovery led by the launch of several new models in the main markets “