Nissan to Revise Up This Term's Earnings Forecast
Nissan bared November 2 consolidated earnings forecast for March 2016 be revised up: operating profit up by 23.8% to 730 billion yen over previous 675 billion. Buoyant sale in North America and exchange factors are accountable, they report. The company's adjusted value more or less tallies with the average prediction value of 728.2 billion by 28 analysts of Thomson Reuters.
Both sale and net profit were lifted up from 12.10 trillion to 12.25 trillion and from 485 billion, respectively. The net profit after revision is estimated to be the highest since March term, 2006.
This term's world plan for sale is pulled down from 5.55 million to 5.50 million: from 1.92 million up to 1.98 million in North America while from 790,000 down to 770,000 in Europe and from 130,000 down to 125,000 in China, and 600,000 in Japan as in the previous term.
The company predicts exchange rates to be 119.40 (previously 115) yen to a dollar and 132.60 (130) to a Euro.
Nissan is in capital tie-up with Renault and there is a possibility of the French government, the largest stockholder, becoming more vocal in the management of the company. Representative director Hiroto Nishikawa entertained his apprehension on that point and remarked:
"As the French government comes to have a bigger say we are bound to have to face the problem of corporate governance. We would wish to deal with Renault as an independent partner and talk with the French government along with Renault".
At the on-going Tokyo Motor Show 2015 Nissan revealed its vision of the future of autonomous driving with the new IDS concept. A visit there might reveal what Nissan has in store for the future.
