Nissan Motor Co., operating profit decreased by 99%
According to the Nippon Keizai (Nikkei) newspaper and Reuters on the 25th, Nissan Motor Company announced that its operating profit in the first quarter was 995 million yen, a 99% decrease from the same period last year. This is far below the market estimate of 164.4 billion yen compiled by market analysis firm LSEG.
Reuters pointed out that “US sales declined due to the aging portfolio and the shift to hybrid vehicles.” In addition, Nissan’s worries are deepening as the slump in China, where it is aiming for a second leap forward, worsens.
