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Nissan Motor operating profit 318.2 billion yen

Christian Fernsby |
Nissan Motor announced financial results for the 12-month period ending March 31, 2019.

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The company faced an unfavorable global business climate, and incurred short-term costs due to its initiatives to improve quality of sales in the U.S., as well as the implementation of a warranty extension campaign covering certain vehicles.

Based on the factors outlined above Nissan generated an operating profit of 318.2 billion yen for the full year on net revenues of 11.57 trillion yen, equivalent to an operating margin of 2.7%.

Full-year net income1 decreased by 57.3% to 319.1 billion yen.

Nissan plans to propose a dividend of 57 yen per share for fiscal year 2018 at the company’s Ordinary General Meeting of Shareholders.

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