Nissan expects near P27-B increase in net income for FY2022

A positive revision was implemented to Nissan’s financial results forecasts for the 2022 fiscal year (FY2022) that ended on March 31, 2023.

The initial net income forecast of Nissan for FY2022 was ¥155 billion (approximately P63.646 billion).

Per the revised forecast, the projected net income is now at ¥220 billion (around P90.327 billion),  which translates to a ¥65 billion (about P26.727 billion) or a 41.9 percent expected increase compared to the previous forecast.

Improved performance and better-than-expected non-operating income, such as profit in companies under the equity method, was the primary reason cited by the Yokohama-based automotive brand.

Nissan explained that the financial forecast is based on judgments and estimates that have been made using currently available information. By nature, such financial forecast is subject to uncertainty and risk. Therefore, the final results may differ from the aforementioned forecast.

While the new prediction appears to be better than the previous, Nissan has yet to release a final report regarding the company’s actual income for the said fiscal year. 

Photos from Nissan

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