FX.co ★ Nissan Motor FY23 Net Income Rises

Nissan Motor Co. reported significant increases in earnings for the fiscal year 2023, with net income to owners of the parent company more than doubling from the previous year to reach 426.6 billion yen. The operating profit for the year increased by 51% to 568.7 billion yen. Earnings per share also saw a notable increase, rising from 56.67 yen to 110.47 yen.

The company's consolidated net revenue also saw a significant rise from the prior year, coming in at 12.69 trillion yen compared to 10.6 trillion yen. Meanwhile, global sales remained steady at 3.44 million units.

In terms of projections for fiscal 2024, the company expects net income to owners of the parent company to be around 380.0 billion yen. It also anticipates an operating profit of 600.0 billion yen and net revenue of 13.6 trillion yen.

To cap off a successful fiscal year, Nissan plans to propose the payment of a year-end dividend of 15 yen per share for fiscal 2023 at the upcoming general shareholders' meeting.