Nissan cuts annual operating profit forecast to 530bn yen from 620bn yen due to lower vehicle sales.

Nissan has revised its financial forecast for the full fiscal year ending March 31, 2024, cutting its annual operating profit forecast to 530 billion yen from 620 billion yen due to lower-than-expected vehicle sales and other factors. The carmaker now expects an annual revenue of 12.6 trillion yen and forecasts sales volume at 3.44 million units. Net income is expected to reach 370 billion yen for FY23.

April 19, 2024
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