Nissan has revealed that it recorded a net profit of 269.2 billion yen (€1.666 billion) between April and September, the first half of its fiscal year, four times more than in the same period in 2022.
According to the Japanese carmaker’s quarterly financial report, released on Thursday, November 9, operating profit increased by 115% year-on-year to 336.7 billion yen (€2.083 billion), while sales volume grew by 30% to 6.06 trillion yen (€37.5 billion).
Sales increased by 30% to 4.66 trillion yen (€31.77 billion), thanks to net profit per unit, favored by the weakness of the yen, a trend that inflates shipments abroad.
Between April and September, Nissan sold 1,622,000 vehicles, representing a 3.3% increase year-on-year, despite reducing its sales in China by 34.3% during the same period, with a total of 359,000 vehicles sold.
In Japan, sales increased by 10.7% to 228,000 vehicles, while in North America, Nissan increased sales by 39.2% in the semester until September, with 628,000 vehicles. Sales in Europe also rose (+19.2%) to 158,000.
The company explained that the increase in revenue was mainly due to improved operational performance and increased year-on-year consolidated unit sales.
Nissan has revised upwards its forecasts for the entire fiscal year, which will end on March 31, 2024, where it expects to record a net profit of 390.0 billion yen (€2.414 billion) in 2023, representing a growth of 14.7% compared to the previous estimate.
