Copyright FOURIN, Inc. 2023
Nissan Motor’s Global Financial Results in FY 2022
Nissan Motor’s business results for fiscal year 2022 showed high levels of growth, with sales increasing 25.8% year-on-year to 10.6 trillion JPY and operating income surging 52.5% year-on-year to 377.1 billion JPY. However, such an increase was simply the result of supply, which had been declining due to difficulties in acquiring parts, mainly semiconductors, returning to normal. The operating profit margin remained at a low level of 3.6% and there were issues in terms of profitability.
Consolidated sales increased by 6.8% from the previous year to 2.4 million units in fiscal year 2022. Looking at retail volume of automobiles by region, sales were lower than the previous year’s results in all markets except Japan. However, sales performance increased profits by 491.1 billion JPY due to strong sales of high value-added products and continued efforts to stop selling products at low prices in North America and other markets. In addition, operating income increased by 185.7 billion JPY, mainly due to the depreciation of the yen against the US dollar. However, the increase in raw material prices caused a decline in profits of more than 230 billion JPY.