Yokohama, Japan – Nissan Motor Co., Ltd. has reported its financial results for fiscal year 2024, revealing a turbulent year marked by heightened competition, foreign exchange pressures, and ongoing global challenges.
While revenues held relatively steady, the company faced a significant drop in profitability and recorded a steep net loss.
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FY2024 Full-Year Results (Ended March 31, 2025)
- Global Sales: 3.346 million units
- Net Revenue: ¥12.63 trillion (down ¥52.5 billion from FY2023)
- Operating Profit: ¥69.8 billion, reflecting a massive ¥498.9 billion decline
- Operating Margin: 0.6% (down from 4.5%)
- Net Loss: ¥670.9 billion
- Automotive Free Cash Flow and Operating Profit: Negative
- Automotive Net Cash: ¥1.498 trillion
Despite holding net revenue close to FY2023 levels, the sharp contraction in profit margins and the transition into negative net income underscore the financial strain Nissan endured this fiscal year.
Q4 FY2024 Highlights
- Revenue: ¥3.49 trillion (slight decrease from ¥3.514 trillion in Q4 FY2023)
- Operating Profit: ¥5.8 billion (down from ¥90.3 billion)
- Operating Margin: 0.2%
- Net Loss: ¥676 billion
These quarterly figures cap off a tough year, with Q4’s results reflecting a continuation of the downtrend in operating performance.
Challenges and Strategic Response
Nissan acknowledged that FY2025 will remain challenging, citing:
- Ongoing global competition
- Foreign exchange volatility
- Inflationary pressures
- Uncertainties tied to U.S. tariff policies
To mitigate risks, Nissan is:
- Prioritizing U.S.-built products
- Optimizing local production capacity
- Reallocating tariff-sensitive manufacturing
- Collaborating with suppliers to localize operations
Despite these efforts, due to uncertainty, Nissan has not provided concrete forecasts for FY2025 operating profit, net income, or free cash flow.
FY2025 Forecast (TSE Report Basis)
- Net Revenue: ¥12.5 trillion
- Operating Profit / Net Income / Free Cash Flow: TBD
- Dividend Outlook:
- FY2024: ¥0
- FY2025 (Outlook): ¥0
Conclusion
Nissan’s FY2024 results highlight significant financial strain, with the company reporting its largest annual net loss in years. While efforts to localize production and adapt to shifting global dynamics are underway, uncertainty looms large over FY2025. As Nissan recalibrates its strategy, its performance in the year ahead will be critical in determining its recovery trajectory.
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