Nissan Motor Co Ltd

7201: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎2,842.00	Cqh	Qyckrpbb

Nissan Earnings: Results Missed; Fiscal 2024 Guidance Revision Indicates Prolonged Cost Pressure

Vincent Sun

Jul 26, 2024

No-moat-rated Nissan's fiscal first-quarter 2024 (ended June 30, 2024) earnings per share of JPY 7.77 is down 71% year on year, largely missing the JPY 29.80 FactSet consensus. The favorable Japanese yen movement during the period supported mild revenue growth. However, increased sales incentives in the United States to optimize inventory, inflationary cost pressure, and the China joint venture equity loss led to a 73% year-over-year slump in the quarter’s net income.

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