Nissan Posts Strong Outlook on New Vehicle Models, Weak Yen
- Expects ¥600 billion operating profit through March 2025
- Admits it doesn’t have good EV offering in Chinese market
This article is for subscribers only.
Nissan Motor Co. forecast a stronger-than-expected operating profit in the current fiscal year on cost cuts and a weak yen, and said car sales from Japan to the US and China should be robust amid new model rollouts.
The Japanese automaker expects an operating profit of ¥600 billion ($3.9 billion) for the year through March 2025, higher than the market’s estimate of ¥580 billion and more than the previous year’s ¥569 billion. The yen’s weakness should boost operating profit by around ¥70 billion, it added in a statement Thursday.