Consolidated net revenue decreased by 79.1 billion yen to 5.98 trillion yen, with consolidated operating profit decreasing 303.8 billion yen to 32.9 billion yen, representing an operating profit margin of 0.5%. Net income1 was 19.2 billion yen.

Consolidated net revenue was 2.99 trillion yen in the three-month period to September 30, 2024, with consolidated operating profit of 31.9 billion yen and net income of negative 9.3 billion yen. The following table summarizes the results for the second quarter of fiscal year 2024, calculated under the equity accounting method for the group’s China joint venture.
Nissan aims to reduce fixed costs by 300 billion yen (compared to FY2024) and variable costs by 100 billion yen (compared to FY2024) while maintaining a healthy free cash flow.

To achieve this, Nissan will cut global production capacity by 20% and reduce its global workforce by 9,000. The company is implementing various measures to lower selling, general, and administrative expenses, decrease the cost of goods sold, rationalize its asset portfolio, and prioritize capital expenditures and investments in research and development.

You can download entire valuation portfolio including Nissan Motor, here https://www.growthvaluation.com/download-category/evaluations/