Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
Nissan Reports Full-Year Results for Fiscal Year 2016
 

 

Dubai, United Arab Emirates (May 11, 2017) – Nissan Motor Co., Ltd. today announced financial results for the 12 months to March 31, 2017. 

Nissan generated an operating profit of 742.2 billion yen on net revenues of 11.72 trillion yen as strong sales in the US, China and Western Europe partly offset the impact of foreign exchange and weakness in emerging markets. 

Fiscal Year 2016 Full-Year Financial Highlights

The following table summarizes Nissan’s financial results for the 12-month period to March 31, 2017, calculated under the equity accounting method for the Group’s China joint venture.

Fiscal Year 2016 Financial Highlights 
 (TSE report basis – China JV equity basis)1

 

Yen in billions

FY 15

FY 16

% change year on year

FY 16 at constant currency

% change at constant currency

 

Revenues

12,189.5

11,720.0

-3.9

12,975.0

+6.4

Operating profit

793.3

742.2

-6.4

1,024.1

+29.1

Operating margin %

6.5

6.3

-0.2

7.9

+1.4

Ordinary profit

862.3

864.7

+0.3

N/A

N/A

Net income2

523.8

663.5

+26.7

N/A

N/A


Based on average foreign exchange rates of JPY 108.3/USD and JPY 118.7/EUR

On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint venture operation in China, operating profit was 882.4 billion yen on net revenues of 12.84 trillion yen. 

Sales performance

For the fiscal year, Nissan’s global unit sales were 5.63 million units.

In the U.S., Nissan’s sales rose by 4.2% to 1.58 million units, equivalent to a market share of 9.0%, amid solid demand for models including the Rogue and Altima.

Nissan unit sales in China, which reports figures on a calendar year basis, rose 8.4% to 1.35 million units, equivalent to market share of 5.0%. In Europe, excluding Russia, Nissan’s sales rose by 7.2% to 683,000 units, which resulted in a market share of 3.8%. The Qashqai SUV and Navara pickup helped drive demand in the region. 

Nissan’s performance in these key markets helped offset challenging conditions in the Japanese market, reflecting the suspension of Kei car sales in the first half. Sales in Japan – where Kei car sales have resumed – reached 557,000 units for the 12-month period,  representing a market share of 11.0%. In other markets including Asia and Oceania, Latin America, the Middle East and Africa, Nissan’s sales decreased 3.3% to 808,000 units. 

Outlook

The company expects to sell 5.83 million units in fiscal 2017. Recently-launched models including the Nissan Micra, Armada, Kicks, and Note e-POWER and Serena in Japan, are expected to contribute to sales growth in the coming financial year. 

Based on Nissan’s solid outlook for unit sales, the company has filed the following fiscal-year forecasts to the Tokyo Stock Exchange. Calculated under the equity accounting method for Nissan’s joint venture in China, the forecasts for the fiscal year ending March 31, 2018 are:

Nissan FY17 Outlook – TSE report basis – China JV equity basis1

Net revenue

¥11.8 trillion

($109 billion/€100 billion)

Operating profit

¥685 billion

($6.34 billion/€5.81 billion)

Net income2

¥535 billion

($4.95 billion/€4.53 billion)

Calculated on exchange rate of JPY 108/USD and JPY 118/EUR

Nissan is also forecasting a 10.4% increase in the dividend to 53 yen per share for fiscal year 2017. 

 

Posted by : Dubai PR Network Editorial Team
Viewed 9150 times
PR Category : Automobile
Posted on : Thursday, May 11, 2017  5:04:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Application deadline approaches for INFINITI Engineering Aca...
Next Story : Federal-Mogul Motorparts Launches Mid-Range Wagner QSTM Afte...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Time for Some AIGNER Love [15665-Views]
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo [15549-Views]
RUNWAY DUBAI creates a new buzz campaign for fashion tourism [14652-Views]
Achieve whiter teeth at home with Spotlight Teeth White Strips [14530-Views]
Noble™ Anti-aging Skin Care Products [13896-Views]
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment [13084-Views]
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius [13078-Views]
UAE National Day celebrated in Skyline Carnival 2017 [13042-Views]
SUC signed MOU with Waldorf Astoria Ras Al Khaimah [12920-Views]
SUC conducted Tour Guide Training Program for SCTDA [12615-Views]
Calvin Klein Presents Steadfast Collection [11346-Views]
Gift gorgeous skin this festive season. [10913-Views]
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons [10254-Views]
Mohammed bin Rashid Launches UAE Astronaut Programme [10254-Views]
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries [10083-Views]
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai [10059-Views]
Absolutely Rejuvenated Skin to Start the New Year [9534-Views]
Coach Women's Lex Stainless Steel Bracelet Watch Collection [9071-Views]
BOSS watches presents Navigator Collection [9028-Views]
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena Bazar, Bur... [8662-Views]
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi [7924-Views]
Together for Egyptian Cinema: A Million happy viewers [7649-Views]
Feast your way into the festive season at The Coffee Club [7405-Views]
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Justice's Gl... [7082-Views]
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the services o... [7009-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories