the year ended March 31, 2014, Nissan Motor Co., has earned a net revenue of US
$ 104.62 billion (Rs 6,26,694
crore approx.). The net income for the year stood at $3.88 billion (Rs 23,237.6
crore). Announcing the results in Japan, Carlos Ghosn, President and Chief
Executive Officer, Nissan Motor Co. said the company was accelerating measures
to meet its Nissan Power 88 mid-term goals, committing to an 8pc operating
profit margin by the end of fiscal year 2016 and targeting 8pc market share.
generated solid results in fiscal year 2013," said Ghosn in a company
statement. “Nissan's performance will improve further in 2014. We are taking
determined steps to reach our Power 88 goals including greater focus on
market-by-market execution, ramping up newly installed manufacturing capacity
and strengthening our brand power," he added.
fourth-quarter profitability enabled Nissan to deliver its full-year net income
guidance for fiscal year 2013, the half-way point in the Power 88 plan that
runs to the end of fiscal year 2016.
the last quarter of fiscal year 2013, Nissan implemented a new management
organisation to enhance operational effectiveness, along with a renewed focus
on improved branding, product quality and regional sales operations.
the 12-month period, the company launched 10 new vehicles and unveiled 22 new
technologies. Sales of the all-electric Nissan Leaf – the world's best-selling
zero-emission car – surpassed 110,000 units. Nissan also pledged to bring
commercially viable Autonomous Drive vehicles to market by 2020. The company is
targeting increased synergies and deeper co-operation through the Renault-Nissan
Alliance, where business activities were converged last month in four key
areas: purchasing, manufacturing and logistics, engineering and human
resources. The latest Alliance action forms part of Renault-Nissan's commitment
to lift annualised synergies to a minimum of 4.3 billion euros by 2016.
together, these actions will enable Nissan to reach its goals during the second
half of our six-year Power 88 plan," added Ghosn.
company also issued a global sales forecast for fiscal 2014, in which it
expects volumes to rise by 8.9pc to 5.65 million units, equivalent to a market
share of 6.7pc, as new plant capacity comes on-stream in markets such as Mexico
and Brazil, while benefiting from full-year sales of new models including
Nissan Qashqai and Rogue, Datsun GO and Infiniti Q50.
on this sales outlook, Nissan filed a forecast report with the Tokyo Stock
Exchange, calculated under the equity accounting method for the fiscal year
ending March 31, 2015. It expects the net revenue to climb to $107.90 billion (Rs
Source: Nissan Motor Co. / Picture of
Carlos Ghosn, courtesy Nissan
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