Nissan Motor Predicts a Decline in Net Profit for the Fiscal Year Despite a Revenue Increase in the Fourth Quarter, Driven by Rising Sales Figures, but Also Weighed Down by Intensified Competitive Conditions and High Inflation.

In the fourth quarter, which ended in March, the Japanese automaker recorded a net profit of 101.3 billion yen (approximately 651.3 million US dollars), representing a 5.2% decline from the previous year. Nissan exceeded analyst expectations of 70.69 billion yen according to FactSet. Quarterly revenues increased by 13% to 3.514 trillion yen.

For the fiscal year that began in April, Nissan expects a 7.5% increase in global sales to 3.7 million units and a 7.2% increase in revenue to 13.6 trillion yen. Net income is projected to decrease by 11% to 380 billion yen.

Here's a translation of the heading to English:

"The forecast follows a redesign of Nissan's global strategy after the restructuring of its alliance with Renault and Mitsubishi Motors, which was announced in February of the previous year. In March, Nissan announced plans to introduce 30 new models, including 16 electrified models, within three years to accelerate the transition to electric vehicles and increase total car sales by 1 million units."

In addition, Nissan and Honda Motor announced in March that they will examine opportunities for collaboration on electric vehicles, their core components, and software. These strategic steps are part of Nissan's efforts to reposition itself in an increasingly fiercely competitive market environment characterized by high inflation and intense competition.