Nissan's annual profit is strong despite issues

・Full-year operating income is expected to be 600 billion yen compared to the forecast of 577 billion yen

・Global retail sales increased by 7.5%, while China increased by only 0.8%

・Fourth quarter operating profit of 90.3 million yen (forecast 118.2 billion yen)

Nissan expects operating profit for the fiscal year beginning April 1 to be 600 billion yen (3.85 billion dollars), but the average expected value of the 18 analysts surveyed by LSEG was 577.3 billion yen.

Furthermore, it is anticipated that exchange rate fluctuations will boost annual performance and lead to offsetting inflationary pressure. Operating profit for the three months up to March 31 was 903 billion yen, far below the average forecast value of the eight analysts compiled by LSEG of 118.2 billion yen.

Nissan predicts global retail sales for the current fiscal year to be 3.7 million units, an increase of 7.5% from 3.4 million units in the previous fiscal year. This forecast includes the forecast that the number of units sold in North America will increase 13.3% to 1.4 million units.