Nissan Motor Q3 Results: Key Details and Forecast

Nissan Motor is set to release its third-quarter results on Thursday. Let's dive into the key details:

Net Profit Forecast

According to a poll of analysts by Quick, Nissan is expected to report a 51% increase in net profit, reaching 76.14 billion yen ($514.7 million) for the three months ending December 31. This compares to 50.565 billion yen reported for the same period last year.

Revenue Forecast

The Quick poll estimates that third-quarter revenue is expected to rise by 19% compared to the previous year, reaching 3.364 trillion yen.

Stock Performance

In 2024, Nissan's stock has seen an 11% increase, rebounding from a 16% decline during the October-December period. On Wednesday, shares closed at 614.1 yen.

Key Focus Areas

Here are a few areas to keep an eye on:

Revenue and Net Profit Projections

Nissan has projected a 23% increase in revenue, amounting to 13.000 trillion yen, and a 76% increase in net profit, reaching 390.00 billion yen for the fiscal year ending in March. Investors are eager to see if there are any changes in these projections.

Operating-Profit Margin

In the second quarter, Nissan's operating-profit margin rose to 6.6% from 3.6% year-on-year, driven by sales volume growth and higher selling prices. As automakers worldwide face high inflation, investors will closely monitor margin trends.

China Strategy

Nissan experienced a decline in second-quarter sales in China, attributed to intense competition and a shift in consumer preferences towards electric vehicles. To strengthen its presence in China, the company plans to launch four models, including fully electric vehicles and its first-ever plug-in hybrid vehicle by 2026. Any updates on this strategy will be closely watched by investors.