Nissan Motor Co. Chief Executive Officer Carlos Ghosn said fewer than 20 suppliers are still in a critical situation, down from 40 in March, after Japan’s record earthquake halted factories and crimped domestic sales.
The automaker is expected to restore its global output in June to the level it planned before the 11 March earthquake and tsunami given the good prospects for procuring components.
Nissan President Carlos Ghosn also showed confidence during a press conference Thursday that the automaker will be able to catch up in the second half of the fiscal year and more than make up for output lost in the first half.
Renesas Electronics, a chip maker severely disrupted by the disaster and a major supplier of microcontroller units to Nissan, said on Wednesday that shipments would fully recover by the end of October.
Nissan’s operating profit surged 72.5 percent to ?537.5 trillion in the year in which it saw record global sales of 4.18 million vehicles worldwide. It declined to give a forecast for the current financial year as it continues to assess the impact of the March 11 disaster.
“The March 11 earthquake in Japan significantly disrupted our operations, but Nissan is once again proving its resilience in the face of adversity,” Ghosn said.