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Nissan will report a net loss on charges of reconstruction of ¥ 750 billion (5.3 billion 5.3 billion) for the financial year ended in March.
Nissan, inventory, eroding boiler with an elderly gang was reduced to their cars. Analysts are average, ¥ 112 billion losses are forecasted, which was worse than its prior warning for the 80 billion deficit of Nissan.
After the effort to combine with Honda, weaker results will be more than anticipated to find another life line, Nissana will show growing pressure It was officially completed at the beginning of this year. This is the CEO Makoto Uchida song said he was “difficult to live” without a kind of partnership.
Nissan raised the sales forecast on Thursday, while the company’s net loss could be 750 billion ¥ 700 billion ¥ 700 billion ¥ 700 billion, he warned. “It is primarily due to the cause of changes in the competitive environment and the deterioration of sales performance,” he said.
As they noted that some analysts are at least improved in the cash position of the car manufacturer, the company’s shares increased by 3.1%. Shares have been reduced to 29% since January.
Nissan “Finally acknowledges the inevitability, so it is a good thing,” said Bloomberg intelligence analyst Tatsuo Yoshida. “The market was already waiting for a larger loss.” Yoshida added that the Japanese car manufacturer can increase loss to make a fresh start, “it means that the future is bright.”
Citigroup analysts, the impairment equates approximately 10% of the material and intangible assets of Nissan.
“Nissan also aimed at a cost structure in production of 3.5 million units, but it plans to further improve the Breakeven point,” said Citigroup’s Arifumi Yoshida recorded. At the end of March, Nissan’s net money was above the ¥ 1.49 trillion, over the end of December, and “We look at us to improve as much as a positive.”
Carmaker’s sales decrease in the case of $ 5.6 billion in the United States and China debt liabilities next year. Nissan’s credit exchange was acting sharply on Friday morning. Turnaround issues and the cost of receiving bonds is not possible in “full recovery in 2025 fiscal years”, “Hiroki Uchida, Loan Analyst Hiroki Uchida in Daiwa Securities Groups.
Nissan also has a strong bunch of hybrid vehicles to help customers in the main markets, and former chairman Carlos Ghosn was overthrown and overthrown in 2018.
Uchida, 58, was replaced by Ivan Espinosa, who was rejected to take place in order to take responsibility for the deteriorating fortunes.
Espinosa, 46, faces the abolition of Nissan’s fortune, refreshing the outdated staff and finding new business partners. Donald Trump’s car brought to the United States will also be forced to walk with the sweep of 25% tariffs.
Nissan is expected to have 85 billion of those who work before the 120 billion forecast. According to the company, the net sales are likely to include ¥ 12.6 trillion instead of ¥ 12.5 trillion.
This story was first displayed Fortune.com
