NISSAN PRODUCTION, SALES AND EXPORT RESULTS FOR JUNE 2016 AND THE FIRST HALF OF 2016
YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced its production, sales and export figures for June 2016 and the first half of 2016 (January-June).
“Our strong start to 2016 is continuing, with global sales and production both reaching all-time highs for the January-June period,” said executive vice president Daniele Schillaci, global head of marketing and sales. “We are seeing consistently higher demand for core models, such as the Rogue and Sentra in the U.S., the NP300 Frontier in Mexico, and the Qashqai in China.
“To carry this momentum into the second half, we will continue our product offensive with the launch of new products and new technologies over the coming months.
“In Japan, the debut of our ProPILOT autonomous driving technology and the launch of a model featuring our new e-Power series hybrid system will showcase our ability to bring groundbreaking technologies to market. Meanwhile, August will see the first deliveries of the Kicks, our all-new global compact crossover, at dealerships in Brazil.
“Our INFINITI brand lineup will be strengthened by the arrival of the QX30 premium active crossover, the newly upgraded Q50 sports sedan and the all-new Q60 premium sports coupe. Likewise, the Datsun brand continues its expansion with the launch of the Redi-GO in India in June, and the start of sales in the Middle East earlier this month.”
Nissan’s global production in June increased 5.7 percent year-on-year to 487,908 units, the fifth consecutive month of increase and a record for a single month.
Production in Japan increased 8.9 percent year-on-year to 85,433 units, the first increase in seven months.
Production outside Japan increased 5.0 percent year-on-year to 402,475 units, the fourteenth consecutive month of increase and a record for the month of June.
In the U.S., production decreased 6.3 percent year-on-year to 78,722 units.
In Mexico, production increased 6.2 percent year-on-year to 78,125 units, a record for the month of June.
In the U.K., production increased 8.0 percent year-on-year to 48,530 units, a record for the month of June.
In Spain, production increased 14.4 percent year-on-year to 12,078 units.
In China, production increased 7.5 percent year-on-year to 111,525 units.
Production in other regions increased 10.6 percent year-on-year to 73,495 units.
First half: January-June 2016
Nissan’s global production increased 4.7 percent year-on-year to 2,700,038 units, the first increase in two years and a record high for the January-June period.
Production in Japan decreased 4.7 percent year-on-year to 433,314 units.
Production outside Japan increased 6.7 percent year-on-year to 2,266,724 units, the first increase in two years and a record for the January-June period.
In the U.S., production increased 7.9 percent year-on-year to 516,922 units, a record for the January-June period.
In Mexico, production increased 4.0 percent year-on-year to 430,440 units, a record for the January-June period.
In the U.K., production increased 7.5 percent year-on-year to 263,922 units.
In Spain, production increased 0.2 percent year-on-year to 63,116 units.
In China, production increased 7.3 percent year-on-year to 592,033 units.
Production in other regions increased 7.8 percent year-on-year to 400,291 units.
Global sales increased 4.4 percent year-on-year to 471,291 units, the first increase in two months and a record high for the month of June.
Sales including mini-vehicles decreased 26.8 percent year-on-year to 35,630 units.
- Vehicle registrations decreased 0.8 percent year-on-year to 31,902 units.
- Mini-vehicle sales decreased 77.4 percent year-on-year to 3,728 units.
Sales outside Japan increased 8.1 percent year-on-year to 435,661 units, the first increase in two months and a record high for the month of June.
In the U.S., sales increased 13.1 percent year-on-year to 140,553 units, a record high for the month of June.
In Mexico, sales increased 18.7 percent year-on-year to 33,674 units, a record high for the month of June.
In Europe, sales decreased 4.5 percent year-on-year to 69,747 units.
In China, sales increased 17.0 percent year-on-year to 109,072 units.
Sales in other regions decreased 4.2 percent year-on-year to 68,387 units.
First half: January-June 2016
Global sales increased 0.5 percent year-on-year to 2,740,265 units, the third consecutive year of increase and a record high for the January-June period.
Sales including mini-vehicles decreased 14.4 percent year-on-year to 279,844 units.
- Vehicle registrations decreased 2.1 percent year-on-year to 202,336 units.
- Mini-vehicle sales decreased 35.5 percent year-on-year to 77,508 units.
Sales outside Japan increased 2.6 percent year-on-year to 2,460,421 units, the third consecutive year of increase and a record high for the January-June period.
In the U.S., sales increased 8.4 percent year-on-year to 798,114 units, a record for the January-June period.
In Mexico, sales increased 12.7 percent year-on-year to 181,953 units, a record for the January-June period.
In Europe, sales decreased 3.2 percent year-on-year to 396,896 units.
In China, sales increased 3.8 percent year-on-year to 609,933 units.
Sales in other regions decreased 8.3 percent year-on-year to 403,367 units.
3. Exports from Japan
Exports in June increased 5.1 percent year-on-year to 52,584 units, the second consecutive month of increase.
First half: January-June 2016
Exports in January-June decreased 10.0 percent year-on-year to 239,263 units.
NISSAN REPORTS NET INCOME OF $1.3 BILLION FOR FIRST QUARTER OF FY2016
|Results for three months to June 30, 2016 (TSE report basis – China JV equity basis)1||FY2016 3 months
|Net revenue||¥2.65 trillion
($24.6 billion/€21.8 billion)
(+2.9% in $ /+0.8% in €)
|Operating profit||¥175.8 billion
($1.6 billion/€1.4 billion)
(+2.0% in $ /-0.1% in €)
|Ordinary profit||¥198.2 billion
($1.8 billion/€1.6 billion)
(+3.2% in $ /+1.1% in €)
|Net income2||¥136.4 billion
($1.3 billion/€1.1 billion)
(+0.3% in $ /-1.7% in €)
|Based on average foreign exchange rates of JPY 108.0/USD and JPY 121.9/EUR|
YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the three-month period to June 30, 2016.
Operating profit was $1.6 billion (175.8 billion yen) for the period, representing a 6.6 percent margin on net revenues of $24.6 billion (2.65 trillion yen). On a constant currency basis, operating profit was 267.0 billion yen, up 37.8 percent.
“Nissan has delivered solid results in the first three months of the fiscal year despite recent currency headwinds and continued emerging-market volatility,” said Carlos Ghosn, president and chief executive officer. “Encouraging demand for core products, particularly in North America, and our continued focus on cost efficiencies contributed to an improved underlying performance, making us well placed to deliver our full-year net income guidance. This reflects our cost-discipline, on-going product offensive and the benefits of our Alliance strategy.”
On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint-venture operations in China, net revenue was 2.89 trillion yen. Operating profit was 209.0 billion yen, resulting in a 7.2 percent operating profit margin.
Nissan maintained its forecasts first issued to the Tokyo Stock Exchange in May. Calculated under the equity accounting method for the fiscal year ending March 31, 2017, the forecasts showed:
|Nissan FY16 Outlook – TSE report basis – China JV equity basis1|
|Net revenue||¥11.8 trillion
($112.4 billion/€98.3 billion)
|Operating profit||¥710.0 billion
($6.8 billion/€5.9 billion)
|Ordinary profit||¥800.0 billion
($7.6 billion/€6.7 billion)
|Net Income2||¥525.0 billion
($5.0 billion/€4.4 billion)
|Calculated on exchange rate of JPY 105/USD and JPY 120/EUR|
1 Since the beginning of fiscal year 2013, Nissan has reported figures calculated under the equity method accounting for its joint venture with Dong Feng in China. Although net income reporting remains unchanged under this accounting method, the equity-accounting income statements no longer include Dong Feng-Nissan’s results in revenues and operating profit.
2 Net income attributable to owners of the parent
For detailed Nissan financial information and presentations:
“Constant currency” provides a framework for assessing underlying businesses performance excluding the effect of foreign currency rate fluctuations. Constant currency financial measures should not be considered as a substitute for, or superior to, the reported measures of financial performance.
About Nissan Motor Co.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2015, the company sold more than 5.4 million vehicles globally, generating revenue of ¥12.19 trillion. Nissan engineers, manufactures and markets the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: ASEAN & Oceania; Africa, Middle East & India; China; Europe; Latin America and North America. Nissan has a global workforce of 247,500, and has been partnered with French manufacturer Renault under the Renault-Nissan Alliance since March 1999.