Core Viewpoint - Nissan is struggling to turn around its business as sales and profits have significantly declined, compounded by proposed tariffs from the incoming Trump administration that could further hinder recovery efforts [1][3][7]. Group 1: Sales and Production - Nissan's global sales in October decreased by nearly 2.7% compared to the previous year, with double-digit declines in both China and Europe, although there was a slight increase in the US for the first time in three months [6]. - Vehicle production has dropped by 7.1% globally in the first 10 months of 2024 compared to the previous year, with the exception of Mexico, where production rose nearly 10% [3][7]. - Nearly one in four Nissan vehicles produced globally last month were manufactured in Mexico, indicating a high exposure to potential tariffs [3][5]. Group 2: Financial Performance - Nissan's profit for the quarter ending in September fell to approximately $210 million, a significant drop from $1.4 billion during the same period last year [7]. - The company has announced plans to cut 9,000 jobs and reduce 20% of its manufacturing capacity as part of its turnaround strategy [7]. Group 3: Market Challenges - The proposed tariffs by the incoming US president could impose a 25% import tax on goods from Mexico and potentially 200% on vehicles, which would severely impact Nissan due to its production facilities in Mexico [4][5]. - Nissan is facing increased competition from Chinese automakers, which are gaining market share in China with affordable electric vehicles [8][10]. - The company is reportedly seeking additional investors after European partner Renault sold some of its holdings, with a senior official indicating that Nissan has "12 or 14 months to survive" [8].

以下文章来源于正解局 ，作者正解局 正解局 . 来源： 正解局 （ID：zhengjieclub) 最近，日本三大车企先后发布了财报。 丰田，销售收入为23.28万亿日元，同比增长5.9%；经营利润为2.46万亿日元，同比减少3.7%；净利 润为1.9万亿日元，同比减少26.4%。 本田，销售净额5.39万亿日元，经营利润2579亿日元，净利润1000亿日元，均低于市场预期。 日产，销售净额2.99万亿日元，同比下滑5.08%；经营利润319.1亿日元，同比下滑84.67%；净亏损 93.4亿日元，远低于预估的收益490.7亿日元。 日本三大车企的业绩都不尽如人意。 解读产业，发现价值。产业/城市/企业。 作者：正解局 扭转业绩，首先要扭转销量。 数据显示，今年4月至9月，日产汽车的全球销量同比下降了4%。 其中，在中国市场的销量下降速度最快。 日产汽车净亏损，先崩了。 为了迅速扭转业绩，日产汽车采取紧急行动，宣布了一系列"降本增效"措施： 削减 20% 的全球产能 全球范围内裁员9000人 包括首席执行官在内的高管自愿放弃50%的月薪 与此同时，日产汽车宣布已下调其2024财年全年经营利润预期至1500亿日 ...

Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the US.The plans underline the vulnerability of Japan’s third-largest automaker, having never fully recovered from the disarray that led to the 2018 ouster of former chairman Carlos Ghosn and scaling back of the partnership with Renault.Nissan cut its annual profit outlook by 70% to 150 billio ...

Group 1 - Nissan is cutting 9,000 jobs globally to reduce costs [1][2] - Sales volumes decreased year-on-year to 1.6 million cars, impacted by higher selling and production costs, particularly in the US [3][4] - Profit for the quarter ending in September was 32 million yen (approximately $208 million), significantly down from $1.4 billion reported in the same period last year [3] Group 2 - The company is reducing production capacity by 20% [4] - CEO Makoto Uchida and other executives will take voluntary pay cuts, with Uchida forfeiting 50% of his monthly compensation [4] - Nissan had 133,580 employees as of March 31, but the distribution of job cuts among the global workforce is not yet clear [5]

Group 1: Investment and Joint Venture - Nissan Motor Co., Ltd. is set to invest in ChargeScape, a joint venture with BMW, Ford, and Honda, focusing on integrating electric vehicles with the power grid, with Nissan holding a 25% stake [1] - ChargeScape aims to provide services to EV users in the United States and Canada once the deal is finalized [1] Group 2: ChargeScape Functionality - ChargeScape uses software to wirelessly connect with EVs, managing electricity flow based on grid conditions, enabling smart charging (V1G) and vehicle-to-grid (V2G) capabilities [2] - The platform allows EV owners to earn incentives by pausing charging during high demand and selling stored energy back to the grid [2] Group 3: Nissan's EV Strategy - Nissan has sold over 650,000 LEAF models in the United States, which can export power to the grid, and is investing in bidirectional charging for its global EV fleet [3] - ChargeScape is developing virtual power plants in states like California and Texas [3] Group 4: Market Dynamics - ChargeScape operates in a competitive market dominated by Tesla, with other players like ChargePoint, Gridserve, and BP Pulse gaining traction [4] - The demand for EV-related software is increasing due to advancements in driver assistance systems and automation [4] - ChargeScape enhances connections between utilities and EV drivers, contributing to CO2 emission reductions by optimizing renewable energy use [4] Group 5: Financial Performance - In Q1 of fiscal 2024, Nissan reported net revenues of ¥2.99 trillion, an increase from ¥2.92 trillion in the same quarter of 2023 [5] - The company's operating profit fell to ¥995 million from ¥128.6 billion due to higher sales incentives and marketing costs [5] - For fiscal 2024, Nissan expects net sales of ¥14 trillion and operating income of ¥500 billion [5]

Nissan, the Japanese automaker, has announced its investment in ChargeScape, a company specializing in battery charging technology. This move aims to extend ChargeScape's services to electric vehicle (EV) owners in the U.S. and Canadian markets. However, the specific investment amount by Nissan remains undisclosed. ChargeScape was formed in September 2023 through a collaboration between Ford, BMW, and Honda's American division. The company's objective is to create a cost-effective platform that connects pow ...

NEW YORK and NASHVILLE, Tenn., Oct. 7, 2024 /PRNewswire/ -- Nissan has entered into an agreement to invest in ChargeScape, a joint venture equally owned by BMW, Ford and Honda focused on electric vehiclegrid integration. Once the transaction is complete, Nissan will become an equal 25% investor in ChargeScape and will roll out ChargeScape's services to its EV drivers across the U.S. and Canada. Last month, BMW, Ford and Honda announced the launch of ChargeScape, whose software wirelessly connects to electri ...

Core Viewpoint - Nissan Motor Co. has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Nissan suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [10]. Recent Earnings Estimate Revisions - For the fiscal year ending March 2025, Nissan is expected to earn $1.33 per share, reflecting a -30% change from the previous year, but the Zacks Consensus Estimate has increased by 9.6% over the past three months [8].

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics a ...

Investment Rating - The report assigns a neutral investment rating to Nissan Motor Co., Ltd. (NSANY) for the upcoming period, indicating expectations of performance within a range of -10% to 10% relative to the benchmark index [28]. Core Insights - The report highlights a significant decline in Nissan's financial performance for FY24Q1, with total revenue of 2.998 trillion yen, reflecting a 2.8% increase, while automotive business revenue was 2.68 trillion yen, up 1.8% [5][6]. - The operating profit plummeted by 99% to 1 billion yen, with net profit down 73% to 286 billion yen, primarily due to decreased sales performance in Japan and the U.S. [6][12]. - The company anticipates a slight decrease in total sales volume to 3.65 million units for the year, with specific market expectations indicating a 3.8% decline in China and a 1.4% decline in North America [11]. Financial Summary - **Revenue**: Total revenue for Q2 was 2.998 trillion yen, with automotive revenue at 2.68 trillion yen [5]. - **Profitability**: Gross profit for Q2 was 401.3 billion yen, down 19%, with a gross margin of 13%, a decrease of 3.7 percentage points [6]. - **Cash Flow**: Capital expenditures increased to 100.8 billion yen, while R&D spending rose to 147.9 billion yen [7]. Production and Sales Volume - **Global Retail Sales**: Total global retail sales reached 787,000 units, with a production decrease of 7.5% to 784,000 units [8]. - **Regional Performance**: - Japan: Retail sales decreased by 8% to 980,000 units, but new models are expected to stabilize the market [10]. - North America: Retail sales fell by 3.1% to 240,000 units, impacted by delays in model updates [10]. - Europe: Retail sales increased by 7.6% to 79,000 units, with a strong performance in electrified models [10]. - China: Retail sales rose by 3.3% to 167,000 units, despite a challenging competitive environment [10]. New Vehicle Launches - Nissan introduced several new models in Q2, including Ariya NISMO, Kicks, Qashqai, and QX80, enhancing its product lineup [10]. Annual Performance Guidance - The company revised its annual guidance, projecting total production of 3.45 million units and sales of 3.65 million units, with an expected revenue increase to 14 trillion yen [11][12].