Worth reading
79Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1570
¥100 million (year-on-year improvement in consolidated operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ended March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales29,642 Hundreds of millions of yen+9.5%
Operating profit779 Hundreds of millions of yen
Ordinary income491 Hundreds of millions of yen
Net income38 Hundreds of millions of yen
Operating profit margin2.6 %
Results for the three months of the current quarter
Net Sales
29,642 Hundreds of millions of yen
Operating profit
779 Hundreds of millions of yen
Ordinary income
491 Hundreds of millions of yen
Net income
38 Hundreds of millions of yen
Full-year earnings forecast
Net Sales
130,000 Hundreds of millions of yen
Operating profit
2,000 Hundreds of millions of yen
Net income
200 Hundreds of millions of yen
Global vehicle sales
3,150 thousand units
Capital expenditures
4,800 Hundreds of millions of yen
Research and development costs
5,500 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The factors are identified, but the only individual amount confirmed in the text is ¥60 billion in cost reductions through Re:Nissan. The other factors are foreign exchange, raw materials, tariffs, sales performance, manufacturing costs, inflation, one-time items and other factors.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Full-year average USD/JPY exchange rate¥150
- Full-year average EUR/JPY exchange rate¥175
- Global vehicle sales3,150 thousand units
- Global production volume2,800 thousand units
New initiatives
- Cost reductions and efficiency improvements through Re:Nissan
- NEV strategy in China centered on the N7, N6, NX8 and Frontier Pro
- Beginning exports from China
- “Built in the U.S. for the U.S.” strategy in the United States
- Launch of new models
Key KPIsA metric the company considers important as a management benchmark.
- Global retail sales volume701 thousand units-0.9%
- Global production volume646 thousand units-4.0%
- Consolidated vehicle sales volume548 thousand units-5.2%
- Consolidated production volume510 thousand units-7.7%
- Re:Nissan cost reductions600 Hundreds of millions of yen
- Net cash in the automotive business10,000 Approximately ¥100 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The disclosure refers to sales volume, selling expenses and price revisions, and changes in sales incentives per vehicle, but the combined unit price and volume figure is Not disclosed.Segment results
Japan
Net Sales
10,490 Hundreds of millions of yen
Year-on-Year Change in Revenue (%)6.9
Operating profit
176 Hundreds of millions of yen
North America
Net Sales
19,278 Hundreds of millions of yen
Year-on-Year Change in Revenue (%)22.5
Operating profit
960 Hundreds of millions of yen
Europe
Net Sales
3,736 Hundreds of millions of yen
Year-on-Year Change in Revenue (%)4.9
Operating profit
-261 Hundreds of millions of yen
Asia
Net Sales
2,821 Hundreds of millions of yen
Year-on-Year Change in Revenue (%)-11
Operating profit
55 Hundreds of millions of yen
Other regions
Net Sales
2,847 Hundreds of millions of yen
Year-on-Year Change in Revenue (%)-15.5
Operating profit
-77 Hundreds of millions of yen
Financial targets
Equity ratio
24.3 %
Market Size / Share
Year-on-year change in total industry volume in China-22 %
Year-on-year change in Nissan sales in China-15 %
Orders received and order backlog
Cumulative Kicks orders
11,000 units
Cumulative Elgrand orders
8,000 units
Capital expenditures
1,137 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ended March 2026 |
| Net Sales | 29,642 Hundreds of millions of yen (YoY +9.5%) |
| Operating profit | 779 Hundreds of millions of yen |
| Ordinary income | 491 Hundreds of millions of yen |
| Net income | 38 Hundreds of millions of yen |
| Operating profit margin | 2.6 % |
| Results for the three months of the current quarter | Net Sales 29,642 Hundreds of millions of yen / Operating profit 779 Hundreds of millions of yen / Ordinary income 491 Hundreds of millions of yen / Net income 38 Hundreds of millions of yen |
| Full-year earnings forecast | Net Sales 130,000 Hundreds of millions of yen / Operating profit 2,000 Hundreds of millions of yen / Net income 200 Hundreds of millions of yen / Global vehicle sales 3,150 thousand units / Capital expenditures 4,800 Hundreds of millions of yen / Research and development costs 5,500 Hundreds of millions of yen |
| Segment results | Japan Net Sales 10,490 Hundreds of millions of yen / Year-on-Year Change in Revenue (%) 6.9 / Operating profit 176 Hundreds of millions of yen / North America Net Sales 19,278 Hundreds of millions of yen / Year-on-Year Change in Revenue (%) 22.5 / Operating profit 960 Hundreds of millions of yen / Europe Net Sales 3,736 Hundreds of millions of yen / Year-on-Year Change in Revenue (%) 4.9 / Operating profit -261 Hundreds of millions of yen / Asia Net Sales 2,821 Hundreds of millions of yen / Year-on-Year Change in Revenue (%) -11 / Operating profit 55 Hundreds of millions of yen / Other regions Net Sales 2,847 Hundreds of millions of yen / Year-on-Year Change in Revenue (%) -15.5 / Operating profit -77 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | The factors are identified, but the only individual amount confirmed in the text is ¥60 billion in cost reductions through Re:Nissan. The other factors are foreign exchange, raw materials, tariffs, sales performance, manufacturing costs, inflation, one-time items and other factors. |
| Key KPIs | Global retail sales volume 701 thousand units (YoY -0.9%), Global production volume 646 thousand units (YoY -4.0%), Consolidated vehicle sales volume 548 thousand units (YoY -5.2%), Consolidated production volume 510 thousand units (YoY -7.7%), Re:Nissan cost reductions 600 Hundreds of millions of yen, Net cash in the automotive business 10,000 Approximately ¥100 million |
| Unit price and quantity metrics | The disclosure refers to sales volume, selling expenses and price revisions, and changes in sales incentives per vehicle, but the combined unit price and volume figure is Not disclosed. |
| Assumptions Underlying the Business Outlook | Full-year average USD/JPY exchange rate ¥150, Full-year average EUR/JPY exchange rate ¥175, Global vehicle sales 3,150 thousand units, Global production volume 2,800 thousand units |
| Financial targets | Equity ratio 24.3 % |
| Capital expenditures | 1,137 Hundreds of millions of yen |
| Orders received and order backlog | Cumulative Kicks orders 11,000 units / Cumulative Elgrand orders 8,000 units |
| Market Size / Share | Year-on-year change in total industry volume in China -22 % / Year-on-year change in Nissan sales in China -15 % |
| New initiatives | Cost reductions and efficiency improvements through Re:Nissan, NEV strategy in China centered on the N7, N6, NX8 and Frontier Pro, Beginning exports from China, “Built in the U.S. for the U.S.” strategy in the United States, Launch of new models |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Improvements in production and vehicle costs, favorable foreign exchange rates, improved sales performance and disciplined cost management lifted operating income. In addition, a temporary benefit related to U.S. tariffs in fiscal 2025 contributed to the result. The sales volume outlook was lowered because the contraction in total industry volume in the Chinese market progressed faster than expected.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.