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Nissan Third Quarter Results

By Nissan Global Media Center

YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2016.

“In the first nine months of the fiscal year, Nissan generated an operating profit of 503.2 billion yen, which represents a 6.1% margin on net revenues of 8.26 trillion yen,” said Carlos Ghosn, Chairman and Chief Executive Officer. “Although these results reflect continued currency headwinds, we remain confident of achieving our fiscal year guidance.”

“On a constant currency basis, operating profit rose 30.1% to 764.6 billion yen, equivalent to an 8.1% profit margin. Our underlying performance was enhanced by solid product demand in the US, China and Western Europe, along with the continued benefits of our strict cost controls and synergies from our Alliance strategy.”

Fiscal Year 2016 Nine-Month Financial Highlights

The following table summarizes Nissan’s financial results for the nine-month period to December 31, 2016, calculated under the equity accounting method for the Group’s China joint venture.

On a management pro forma basis, which includes the business results of Nissan’s operations in China, FY16 nine-month net revenue was 9.01 trillion yen. Operating profit was 601.9 billion yen. The operating profit margin was 6.7%.

On a constant currency exchange rate basis, pro-forma net revenues were 10.34 trillion yen and operating profit was 882.2 billion yen, equivalent to a profit margin of 8.5%.

Nissan Half-Year Earnings

By Nissan Global Media Center

Yokohama – Nov. 7 – Nissan Motor announced financial results for the six-month period to September 30, 2016 that showed an operating profit of 339.7 billion yen, a 6.4 percent margin on net revenues of 5.32 trillion yen.

On a constant currency basis, operating profit rose 31.5 percent to 519.5 billion yen, equivalent to an 8.5 percent profit margin. This reflects demand for core products, particularly in North America and benefits of continued cost-discipline, on-going product introductions and Alliance strategy.

“These solid results were achieved despite recent currency headwinds and continued challenges in Japan and emerging-markets,” said Carlos Ghosn, Chairman and Chief Executive Officer.

In the first half of the fiscal year, Nissan’s total unit sales were 2.61 million units.

In the U.S., Nissan’s sales rose by 3.7 percent to 783,000 units, equivalent to a market share of 8.7 percent, amid strong demand for the Altima, the Rogue and the Maxima.

Nissan unit sales in China, which reports figures on a calendar year basis, rose 3.8 percent to 610,000 units, equivalent to market share of 5.0 percent. In Europe, excluding Russia, Nissan’s sales rose by 4.4 percent to 319,000, which resulted in a market share of 3.6 percent. The Qashqai SUV and X-Trail helped drive demand in the region.

Nissan’s performance in these key markets helped compensate for a decline in the Japanese market where Nissan was impacted by the suspension of Dayz/Dayz Roox minicar sales.

Total unit sales in the quarter for Japan were 211,000 units, representing a market share of 9.2 percent. In other markets including Asia and Oceania, Latin America, the Middle East and Africa, Nissan’s sales decreased 4.9 percent to 382,000 units.

Nissan Makes CDP “A-List” for Climate Change Efforts

By Nissan Global Media Center

Yokohama – Oct. 25 – For the third consecutive year, the CDP has included Nissan in a select list of companies receiving top-tier “A-List” ranking in its annual Climate Change Report. Nissan finished ahead of thousands of other international businesses in the CDP’s assessment.

Established in 2000, CDP (formerly known as the Carbon Disclosure Project) is an influential U.K.-based NPO representing 822 institutional investors, which annually rates corporations for their management of climate change based on a combination of survey data and publicly available information.

Nissan was selected for A-List ranking for transparency in disclosing environmental information and for a plan to reduce well-to-wheel CO₂ emissions from new vehicles by 90 percent by the year 2050 from levels in the year 2000.

Nissan was also recognized for pioneering the world’s top-selling zero-emission vehicle, enabling Nissan LEAF owners to power their homes from their vehicles during peak power usage times, and for partnering with companies and local governments to grow vehicle charging infrastructure.

“At Nissan, we take sustainability very seriously through the vehicles that we produce but also through reducing our carbon footprint throughout our entire business operation. I want to express Nissan’s gratitude to the CDP for recognizing our efforts by including us in their prestigious report for the third consecutive year, said Hitoshi Kawaguchi, Nissan Senior Vice President and Chief Sustainability Officer.

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“As a large global company based in Japan, we recognize that our work in this area can have a great impact, so we are committed to leading by example to reduce CO2 emissions even further in the years ahead.”

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Nissan announced in June that it had shrank its CO2 emissions by 22.4% over the past decade.

These efforts to reduce Nissan’s corporate carbon footprint have been spearheaded by the recently established Nissan Energy Saving Collaboration (NESCO), which measures energy loss at the company’s plants worldwide.

These activities are part of the company’s third generation environmental action plan, the Nissan Green Program 2016.

The full CDP report can be found at www.cdp.net.