Nissan Motor half year net revenue 5.00 trillion yenChristian Fernsby ▼ | November 12, 2019
Nissan Motor announced financial results for the six month period ending September 30, 2019.
Nissan Consolidated operating profit was 31.6 billion yen
Topics: Nissan Motor
First half net income decreased 73.5% to 65.4 billion yen.
In the second quarter of the fiscal year, consolidated net revenue was 2.63 trillion yen, consolidated operating profit was 30.0 billion yen, with an operating profit margin of 1.1%.
Second quarter net income decreased 54.8% to 59.0 billion yen.
Major factors in the decrease were external, such as exchange rate fluctuations, regulatory compliance expenses, and increased raw material costs, combined with increased quality-related costs.
Although decreased vehicle sales volume had a large effect on first-quarter profitability, in the second quarter the decline was offset decreases in selling expenses, thereby resulting in a positive contribution to profit.
One pillar of Nissan’s business transformation plan is the recovery of U.S.
operations, where benefits are starting to be seen from efforts to improve quality of sales.
For the second quarter, operating profit for North America was close to the previous year’s level. ■