Even though the automaker posted increased financial results for the fourth quarter, pilule it ultimately failed to take full advantage of the yen’s profit boost, drug while the weaker national currency took earnings sky high at other exporters.
The Yokohama, viagra Japan-based company announced its net income went up 57 % to reach 84.3 billion yen ($825 million) in the three months ended Dec. 31, but it was actually just 3.3 % of revenue, the lowest margin for any Japanese carmaker last quarter and the operating profit slid below analysts’ estimates.
“There’s a sense of crisis in the company and Ghosn has started to address problems,” said Tsuyoshi Mochimaru, an auto analyst at Longine, a Tokyo-based investment analysis firm. “Things will improve, but will take some time.”
For the quarter the net income managed to gain 33 % on an average of nine analyst estimates and the actual operating profit of 78.7 billion yen was 29 % lower than the same average estimate.
Nissan is now recovering from production issues and delays, faces a slowing sales demand from the emerging markets and more importantly doesn’t manage to take full advantage of the earnings increases triggered by the very low currency.