According to foreign media reports, on July 28, thanks to the weakening of the yen and rising demand in the US and China, Japanese automaker Nissan raised its earnings forecast for this year.

　　(Image source: Nissan)

　　Nissan expects that its operating profit will reach 150 billion yen in the fiscal year ending in March 2022. In May of this year, the company had expected to achieve a balance of payments this fiscal year.

　　Nissan also warned that the global chip shortage will significantly affect its sales from July to September, but the company added that its newly launched models will usher in higher demand, which will ease the impact on its profits. Ashwani Gupta, Nissan's chief operating officer, said the company hopes to make up for the previous production and sales losses in the second half of the fiscal year, and expects that the chip shortage will ease during this period.

　　As Japan’s third-largest automaker, Nissan maintained its global sales target of 4.4 million vehicles announced in May of this year. Nissan’s sales from April to June this year were 1.048 million vehicles, a year-on-year increase of 63%. Among them, the company's sales in North America (the United States, Canada and Mexico) were 378,000 vehicles, an increase of 70% year-on-year; its sales in China were 352,000 vehicles, an increase of 71% year-on-year.

　　In the quarter ended June 30, 2020, Nissan’s consolidated revenue was 2.008 trillion yen, consolidated operating profit was 75.7 billion yen, operating profit margin was 3.8%, and net profit was 114.5 billion yen.

　　The company’s CEO Makoto Uchida said that for the rest of this year, Nissan’s business will face uncertainty, including rising raw material costs. He also said that because the supply problem has not been completely resolved, the company still needs to closely monitor the global chip shortage. In an interview, he said: "Given the current situation, we can't feel optimistic. I think this is still an event that needs daily monitoring."

　　Makoto Uchida believes that the shortage of chips will improve, but he warned that chip suppliers are facing a lot of complexity due to the epidemic. He said: "We need to monitor this issue closely and plan well, because no one knows what will happen in the next few months."

　　He also said that although the chip shortage may continue, Nissan is confident that it can handle the problem. He said: "We are very confident that in the first quarter, we have minimized the impact of semiconductor shortages through strategic management of inventory and parts procurement."

　　This article is reproduced from Gasgoo.com