Nissan Raises Profit Forecast After Renault Alliance Reset
- Final year of Renault alliance marked by solid profit, sales
- Weak yen, improved supply chains and demand boosted results
The current fiscal year marks the last in Nissan’s close alliance with Renault.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Nissan Motor Co. raised its operating profit forecast, boosted by the weaker yen, recovering supply chains and strong sales in Europe and North America.
The fiscal year profit outlook is now ¥620 billion ($4.1 billion), up from guidance of ¥550 billion in July and exceeding analysts’ average estimate for ¥576 billion. Net sales for the period through March are now seen at ¥13 trillion yen, slightly above the prior outlook and analysts’ prediction.