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Nissan Reports Financial Results For Fiscal Year 2024 Amidst Competitive Challenges
Nissan Motor Co., Ltd. has released its financial results for the fiscal year 2024, which ended on March 31, 2025. The company reported a global sales figure of 3.346 million units, affected by increased competition in the market. Nissan's consolidated net revenue reached 12.6 trillion yen, resulting in an operating profit of 69.8 billion yen and an operating margin of 0.6%. However, the net loss for the year was significant at 670.9 billion yen.
In the fourth quarter of fiscal year 2024, Nissan's consolidated net revenue was recorded at 3.490 trillion yen. The company achieved a consolidated operating profit of 5.8 billion yen with an operating profit margin of 0.2%. Despite these figures, Nissan faced a net loss of 676 billion yen during this period.
The automotive sector experienced challenges with negative free cash flow amounting to 242.8 billion yen and an operating loss of 215.9 billion yen for the entire year. Nevertheless, automotive net cash stood at a positive figure of 1.498 trillion yen.
Nissan anticipates ongoing challenges in FY2025 due to intense competition and economic pressures such as foreign exchange fluctuations and inflation. The company is focusing on U.S.-built products and optimizing local capacity as part of its strategy to mitigate tariff impacts.
The forecast for FY2025 remains uncertain due to potential tariff implications, with guidance on operating profit, net income, and auto free cash flow yet to be determined. Nissan has filed its fiscal year forecasts with the Tokyo Stock Exchange under the equity accounting method for its joint venture in China.
Comparative Financial Data
The table below provides a comparison between FY2023 and FY2024 financial results based on TSE report basis - China JV equity basis:
{TABLE_X}For FY2024 Q4 compared to FY23 Q4, revenue decreased by 24.3 billion yen while operating profit dropped by 84.6 billion yen.
Nissan's efforts include reallocating production exposed to tariffs and collaborating closely with suppliers to adapt swiftly to market demands. This approach aims to address uncertainties related to the tariff environment effectively.
The company's forecasts for the fiscal year ending March 31, 2026, include expected net revenue of approximately 12,500 billion yen under TSE report basis - China JV equity basis.
Despite these challenges, Nissan remains committed to navigating through uncertainties while prioritizing sustainable mobility solutions and maintaining strong relationships with stakeholders globally.
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