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NISSAN MOTOR, The Current Fiscal Year Operating Profit Revised Downward by 20%

Thu Feb 13, 2025 5:40 pm JST Earnings

7201 NISSAN MOTOR CO., LTD. 【J-GAAP】

Earnings Report

NISSAN MOTOR CO., LTD. <7201> [TSE Prime] announced its financial results after the market closed on February 13th (17:40). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 86.6% from the same period last year to 64 billion yen.

In addition, the full-year consolidated operating profit has decreased 20.0%, from the previous forecast of 150 billion yen to 120 billion yen (compared to 568 billion yen in the previous period), leading to an increase in the profit decline rate from 73.6% to 78.9%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 25.6%, from the previous forecast of 117 billion yen to 87 billion yen (compared to 231 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 49.5% to 62.5%.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit significantly dropped to 31.1 billion yen, a 78.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.6% in the same period last year to 1.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 7,499,691 289,701 380,406 115,040 29.4 73.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 9,171,406 478,375 540,123 325,354 83.5 76.9 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 9,143,207 64,010 159,417 5,148 1.4 ー Feb 13, 2025 J-GAAP
YoY -0.3% -86.6% -70.5% -98.4% -98.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 6,715,779 117,092 ー ー － － Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 6,515,779 87,092 ー -99,223 -28.4 － Feb 13, 2025 J-GAAP
Revision Rate -3.0% -25.6% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 12,700,000 150,000 ー ー － － Nov 7, 2024 J-GAAP
Mar, 2025 New 12,500,000 120,000 ー -80,000 -22.9 － Feb 13, 2025 J-GAAP
Revision Rate -1.6% -20.0% － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 6,622,370 231,975 289,480 130,439 33.8 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,515,779 87,092 ー -99,223 -28.4 － Feb 13, 2025 J-GAAP
YoY -1.6% -62.5% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,596,695 377,109 515,443 221,900 56.7 10 May 11, 2023 J-GAAP
Mar, 2024 12,685,716 568,718 702,161 426,649 110.5 20 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,500,000 120,000 ー -80,000 -22.9 － Feb 13, 2025 J-GAAP
YoY -1.5% -78.9% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,108,060 141,632 127,442 29,144 7.5 4.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 3,514,310 90,343 162,038 101,295 26.2 2.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,998,395 995 65,128 28,562 7.8 0.0 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 2,985,826 31,913 50,929 -9,339 -2.6 1.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 3,158,986 31,102 43,360 -14,075 -3.9 1.0 Feb 13, 2025 J-GAAP
YoY +1.6% -78.0% -66.0% － －

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