Loading...
Market
What will be Nissan's fiscal year 2024 operating income?
3
Resolution / Starting Odds
Below 100 billion yen • 25%
100-150 billion yen • 25%
150-200 billion yen • 25%
Above 200 billion yen • 25%
Nissan's official financial statements for fiscal year 2024
Story
Nissan to Cut 9,000 Jobs, Reduce Capacity by 20%, and Lowers Profit Outlook to 150.00B Yen
Nov 7, 2024, 10:46 AM
Nissan Motor Co. announced significant restructuring measures including cutting 9,000 jobs globally and reducing its production capacity by 20%. The company also lowered its annual profit outlook, forecasting a fiscal year operating income of 150.00 billion yen, down from an earlier estimate of 500.00 billion yen. This decision comes as Nissan grapples with deteriorating sales in major markets such as China and the United States. The automaker reported a net loss of 9.34 billion yen for the second quarter of 2024, against an estimated profit of 49.07 billion yen. Nissan also plans to sell a portion of its stake in Mitsubishi Motors as part of its cost-saving measures, aiming to save $2.6 billion. CEO Makoto Uchida will take a 50% pay cut as part of the restructuring efforts.
View original story
Similar markets
Below 1.2 trillion yen • 25%
1.2 - 1.3 trillion yen • 25%
1.3 - 1.4 trillion yen • 25%
Above 1.4 trillion yen • 25%
Less than $12 billion • 25%
$12 billion to $14 billion • 25%
$14 billion to $16 billion • 25%
More than $16 billion • 25%
Less than 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
More than 12 trillion won • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
8 - 10 trillion won • 25%
10 - 12 trillion won • 25%
Above 12 trillion won • 25%
Below 8 trillion won • 25%
8 to 9 trillion won • 25%
9 to 10 trillion won • 25%
Above 10 trillion won • 25%
Below $1.6 billion • 25%
$1.6 billion to $2.0 billion • 25%
Above $2.0 billion • 25%
Not disclosed • 25%
Increase by 15% or more • 25%
Increase by less than 15% • 25%
Remain the same • 25%
Decrease • 25%
Below 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
Above 12 trillion won • 25%