Although the government has lifted the state emergency here in Japan, we are holding this session via live webcast in order to prevent the spread of COVID-19 coronavirus. In Japan, Nissan’s sales … This will not happen by merely revising our code of conduct or processes. Furthermore, in response to the COVID-19 pandemic, we raised an additional 712.6 billion yen in funding this April and May. Therefore, the key focus of our plan is to: By focusing on these areas, we aim to build a business foundation by the end of fiscal year 2023 that is robust enough to compete effectively for the next decade. ɹ\ �\. So, I am committed to doing everything necessary to drive everyone in this organization to change Nissan for a consistent outcome. Nissan is also adapting its production practices to changing business needs, through methods such as reducing raw material and other costs. Our EV and driver support technologies in particular have been well received by a lot of customers in Japan for their practicality and new value. With regard to restructuring charges, we booked provisions for expected expenditures in relation to restructuring items that the company decided on in FY2019. In the first quarter of fiscal year 2019, global total industry volume decreased 6.8% to 22.5 million units, while Nissan’s global unit sales decreased 6.0% to 1.23 million units. In Latin America we have significant brand strength. We are discovering the difficulty of restoring a brand that has been damaged. Nissan introduced a subcompact SUV crossover in 2019 called Nissan Kicks . Nissan's sales dropped 10.6% to 4.93 million units, and market share maintained 5.8% as per previous forecast. Although we sowed the seeds of the plan, we were not able to grow them effectively. We thank you in advance for your ongoing support. June 3, 2019 Nissan Group announced total U.S. sales for May 2019 of 131,983 units, an increase of 0.1 percent compared to the prior year. Nissan is constantly delivering new values to customers. �zf�F� This is Nissan’s DNA. At this time, Europe’s automotive industry is in a period of transition. LOS ANGELES, Sept. 06, 2019 (GLOBE NEWSWIRE) -- The Global Electric Vehicle Market is expected to grow at CAGR 25.6% during the forecast period, 2019-2026 and will reach over … Nissan continues to have healthy levels of cash for the automotive business and we have sufficient funding available to meet our cash needs during this crisis. For fiscal year 2020, Nissan anticipates the global … They also embrace new technologies, including IT and EVs. This was closely followed by Nissan at 20.6 percent and Mitsubishi at 13.2 percent. Nissan is also a leader in autonomous driving in terms of its practicality and product application, with an established track record. This represents a reduction of approximately 20% from FY2018 levels and will enhance our product competitiveness. China is the world’s largest auto market, where we have established a strong presence. Here, with robust management, we will make ample investments to deliver a solid recovery and steady growth in the identified core areas. This would equate to a global market share … In summer 2019, it released a video of a prototype for the battery-powered truck towing a trainload of F-150s weighing more than 1 million pounds. This will not only increase customer convenience, but it will also help us develop better products and services thanks to the data we can obtain from these connected cars. Nissan will focus on two key areas. Now I would like to comment on the liquidity required to run the business. For further information, please contact: Nissan Motor Co., Ltd. … In FY 2019, Nissan's global sales … Regarding the operating profit variance compared to FY2018, as explained in previous quarters, external factors including foreign exchange fluctuations, regulatory compliance expenses and product enrichment costs, and rising commodity prices continue to pressure the automotive industry. endstream endobj 21 0 obj <>>>/Metadata 2 0 R/Pages 18 0 R/Type/Catalog>> endobj 22 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/Tabs/W/TrimBox[0.0 0.0 841.89 595.276]/Type/Page>> endobj 23 0 obj <>/ExtGState<>>>/Subtype/Form>>stream Even in this challenging environment, Nissan intends to remain people-focused, to deliver technologies for all people, and to continue addressing challenges as only Nissan can. These initiatives, combined with further rationalization, will enable us to maintain a global plant utilization rate above 80%, making our operations significantly more profitable than in the past. Nissan’s global sales declined 47.7% to 643,000 vehicles. Also, we will lower the average age of models, bringing it to four years or less. We are starting with at least 12 vehicles in the next 18 months, including Infiniti models. That concludes the fiscal year 2019 financial results. As I have stated before, we expect to see true recovery in the U.S. after we focus on sales normalization and start introducing new technologies and products, thereby gradually improving our performance. worldwide: Value sales in the selected segment of the make Nissan is projected to reach US$123,184m in 2020. Nissan's global sales and market share hit records in June, with the Juke a key contributor. With a revenue of US$31,324m, United States is expected to be the most important market for the make Nissan in 2020. This impairment is expected to generate a reduction in depreciation expense of approximately 70 billion yen in fiscal year 2020. What I want to see is for Nissan to retain its “Nissan-ness”. As of 2019, Toyota led the automotive sales in the United Arab Emirates with 30 percent. including Nissan’s activities and development as well as the dynamics of the automobile industry worldwide and the global economy. Led by top management, Nissan also launched cash management and profitability improvement programs including adjusting production plans to reflect market and supply situations timely, inventory control, expense reductions, and optimization of capital expenditures and new model launches to the extent it does not inhibit future growth. In addition, we would like to express our sincere gratitude to all those working on the medical frontlines. Our pathway to recovery will not be a smooth one. We are forecasting more than 1.5 million ProPILOT-equipped vehicle sales per year by the end of FY2023. The report also provides a detailed analysis of the Europe Compressed Natural Gas Vehicles market … Regarding impairment of business assets, we booked a loss of 522 billion yen due to excess production capacity based on future volume projections. However, the pressure of new entrants have reduced the power of the leader and Nissan market share declined from over 25% (25.7% in the 2015) to 20.1% in 2019. In Western Europe, we will maintain production of core models at our UK plant in Sunderland and improve efficiency. 20 0 obj <> endobj In addition, due to the massive investments made around the world, Nissan wasn’t able to launch new products in key markets, particularly Japan. We will move to a 5.4-million-unit production footprint under normal production shifts. I will explain the details of the restructuring measures later in the presentation. But Nissan is blessed with extremely talented employees. Furthermore, Nissan foresees ongoing economic uncertainties and slowdown in total industry volume. Throughout this process, we will also reengage and closely support our dealers and suppliers to improve our business model. The king of domestic market was again Nissan. For the 2019 full fiscal year, Nissan has reduced its global vehicle sales forecast by 5.4% from the initial to 5.24 million units. endstream endobj 25 0 obj <>/ExtGState<>>>/Subtype/Form>>stream Ensure steady growth instead of pursuing excessive sales expansion, Concentrate on core competencies while enhancing the quality of our business, alongside financial discipline, a focus on net revenue per unit and profitability, Restore a culture defined by “Nissan-ness” for the new era. At our North American production plants, we are consolidating models by segment and platform to improve efficiency. We are reducing fixed costs by approximately 300 billion yen, and will work to maintain that cost base going forward. What we are reducing is excess facilities and products from which we expect low future return, while for the areas in which we will focus we will continue to robustly invest for steady growth. In fiscal year 2019, the global TIV fell by 6.9% to 85.73 million units. In China, where Nissan reports figures on a calendar-year basis, total industry volume decreased 10.7%. April 11,2012 Nissan’s Global Market Share … We remain focused on our liquidity position. The Nissan Leaf was an early starter in the electric car race on both sides of the Atlantic, but has fallen behind as more brazen … Introducing market share, production, consumption, revenue, and growth of Global major regions from 2014-2019 and forecast to 2026. We must therefore prioritize and focus by allocating resources to core markets and core segments. Those include: We will be introducing advanced technologies into these segments, developing products with greater value and competitiveness. Nissan has filed the following fiscal year forecast revisions with the Tokyo … H��w6PH.V0 C���. Outside these focus segments, we will work with our Alliance partners Renault and Mitsubishi Motors to share their assets, including products and technologies. Our assessment is that people in China are optimistic about further growth and prosperity. Our global retail volumes are expected to rise by 0.4% to 5.54 million units. Earlier, I talked about rationalizing our product portfolio and concentrating our resources on core models. We expect the Ariya to play a key role as a brand driver and the face of Nissan for the new era. COVID-19 has deeply impacted financial activities, with this impact also being felt in the automotive industry. (NISSAN NEXT). Nissan has great assets and qualities, including talented employees, global business experience, persistence and tenacity to accomplish, and we have learned from past mistakes. h�b``����:�H�Hd��,k"�pЀ�p30�``6d��P�P̹���������!���1(��p�A�a�P+C#�|�~�3��S���%�z o1�2�“�����50�3~b��L�151?e�4����6B`?�%�Ʃ"o��a\!4�q����L��H[H[2��g��� Nissan’s sales decreased 10.6% to 4.930 million units given the significant slow down in TIV in the 4th quarter, as well as the decrease in sales primarily in North America and Europe in the first 3 quarters. Another pillar of our electrification strategy is e-POWER, of which cumulative sales have surpassed 390,000 units. In South America, ASEAN and Europe, we will maximize the use of Alliance assets, while developing businesses at an appropriate size as these markets grow. The precise date of achieving 450,000 is not known. In the U.S., over the past two years Nissan has shifted its focus from fleet sales to pure retail and has been working to normalize sales. Connectivity will be key. ... 2019… World Light Vehicles sales aggregated by manufacturer group were dominated by three groups. The COVID-19 pandemic has brought significant changes to all our lifestyles, and the auto industry is at a major turning point. About two years ago, we started shifting away from this expansion strategy. At the same time, we will leverage Alliance assets, and while maintaining our product line-up, we plan to improve the efficiency of our investments and to develop the business as a pillar for the future of our company. We would like to express our heartfelt sympathy to all the bereaved families and loved ones. China is strategically the most important market for Nissan… At year-end, cash on hand for the automotive business totaled 1.495 trillion yen, and automotive net cash was 1.065 trillion yen. For fiscal year 2020, we currently estimate global TIV to decline by approximately 15% to 20% from the prior year due to the COVID-19 pandemic. Here’s a glimpse of what’s coming within this calendar year. Show more Nissan is a car make from Yokohama, Japan. We plan to expand our e-POWER offerings globally into the B and C segments. For the next 10 years, the key drivers will be electric vehicles—with which we have been ahead of the market—and driver support technologies. endstream endobj 24 0 obj <>/ExtGState<>>>/Subtype/Form>>stream For Nissan to overcome this situation, we must admit our mistakes and correct course.

Nissan is a car make from Yokohama, Japan. 329 0 obj <>stream At Nissan, this has again brought home to us that our long-term mission is to enrich people’s lives through mobility and to bring vitality to society. In Japan, Nissan’s sales decreased 33.7% to 84,000 vehicles. Instead, we are enriching our product offerings by packaging advanced technologies of practical value that are accessible to a greater number of customers. Tesla Inc (NASDAQ: TSLA) may have a meager 0.8% global market share but, with its $540 billion valuation, it could acquire a legacy automaker, which Reuters' Christopher Thompson opines should … Nissan sales in Europe, excluding Russia, fell by 17.8% to 536,000 units, which resulted in a market share … This concludes my presentation. ��mҽ� ��b�Y�?��P%��촺Cr����� �q��܋ Y���[~٪w�_Y=a�!� �ˇ��̟�i����I�y7�L�w���Θ�/͍g��_�R��ķ ��Q� By focusing on our electrification and autonomous driving technologies, we aim to build greater brand value and regain market share. The decrease in sales volume continues to weigh on our profit as we suffer from an aging product portfolio and limited profit contribution from our efforts to normalize sales. While we continue to evaluate the impact of the pandemic on our business and operations, given this uncertainty, it is difficult to reasonably forecast an outlook for fiscal year 2020 at this time. Nissan LEAF recently reached a cumulative sales milestone of 450,000 (since December 2010). Nissan's share of the Canadian automobile market December 2018/2019 Number of Nissan industrial vehicle registrations in Italy 2013-2018 Mazda - vehicle sales in the United States Q3 2019 … In addition, the company continues to have access to approximately 1.3 trillion yen in credit lines, which remain unused. We are resolved to take all the steps necessary, without any compromise, to rebuild a solid foundation that enables Nissan to effectively compete for the next decade. Nissan vehicles sold in Australia 2013-2019; Nissan investment in Spain in 2017, by production facility; Nissan employees in Spain in 2017, by production facility; Monthly BMW car market share … We will issue the FY20 forecast as soon as we are able to reasonably calculate an outlook for the fiscal year. Last year, soon after the powerful Typhoon Faxai hit Japan and cut power for many residents, we sent dozens of Nissan LEAF vehicles to help provide electricity. The know-how we accumulate from markets around the word will be the link to future autonomous driving technologies. To do this, we will continue to take on challenges and make breakthroughs. �zfF� As we right-size our production capacity, we are also investing in intelligent plants that will enable reforms in working styles and flexible production. By the end of fiscal year 2023, we forecast electrified vehicles to account for 60% of our sales in Japan, 23% in China and 50% in Europe, resulting in sales of more than 1 million units. In the U.S., Nissan’s unit sales fell by 9.3% to 1.444 million units, equivalent to a market share of 8.4%. I believe that Nissan is about people-focus and pursuing technologies and services relevant to customers. As part of our Nissan Intelligent Mobility strategy, in addition to having seven EVs in our lineup of, we will launch our e-POWER technology in core products. %%EOF Japan is Nissan’s home market, and we are refocusing accordingly. 0 We will close our production plant in Indonesia, making Thailand our production base in ASEAN. In July, we will reveal the production model of our EV crossover called Ariya, shown as a concept at the 2019 Tokyo Motor Show. For new technologies to bring vitality to society, we will need to do what hasn’t been done before. We will withdraw from Korea, where we see limited opportunities, and we will reduce the size of our operations in some ASEAN markets. The first is rationalizing the businesses. And in Yokohama we have been carrying out “Easy Ride” field tests for three years, which represent our efforts in the area of new mobility based on autonomous drive technologies. December 9, 2016 Nissan announced today European sales for November of 57,963 units (Nissan and Datsun), representing a market share of 3.7 percent. 2020 Outlook. We must resolve the issue of redundant assets from which we do not expect sufficient returns. Our autonomous drive system will be introduced in more than 20 models in 20 markets by the end of FY2023. In addition, in certain markets we plan to improve production efficiency by consolidating models. Europe remains an important region for Nissan, with a long history and important assets. To continue our business and generate a profit under these conditions has been extremely difficult. Calendar sales to date total 672,053 units. Growing share in China market: The market share of Nissan Motors in China market has grown sharply compared to its other markets. July 26,2012 Nissan posts $1.5 bln Q1 operating profit, vehicle sales climb endstream endobj startxref Nissan will focus on Japan, China and North America including Mexico as our core markets where we will concentrate resources and ensure healthy business operations. Turning to the sales results, in fiscal year 2019, global total industry volume – or TIV – fell 6.9% to 85.73 million units due to the slowdown in the China market and stagnation of global markets as a result of the outbreak from the COVID-19 pandemic in the 4th quarter. These include a new Pathfinder, a new QX60 and a new Frontier truck. That is the outline of our plan to achieve steady performance recovery through prioritization and focus. Consolidated net revenues declined to 9.879 trillion yen resulting in an operating loss of 40.5 billion yen and net loss of 671.2 billion yen. Around the world, COVID-19 has taken many lives. Over the last few months, people all around the world have been forced to undergo changes to their lives. 166 0 obj <>/Filter/FlateDecode/ID[<9E65E3C4B707A74885BC74CE5E03BE0A>]/Index[20 310]/Info 19 0 R/Length 401/Prev 354886/Root 21 0 R/Size 330/Type/XRef/W[1 3 1]>>stream The company’s sales outperformed the market in China but market share decreased in other regions. Global Sales Here are sales results and the top three best-selling Nissan models in each of our four major markets (Japan, China, the U.S. and Europe) in fiscal 2019. In consideration of these factors, Nissan has revised its forecast for the full fiscal year. We will continue to follow our plan of ensuring steady growth, without using incentives to secure volume and market share. h���;,CQ��sNo=�(��X%���"5� �1��I�#&�Q��"��`����MH$$,���ɹaS�O~��s����[���+�T֙��D�܍ ��Q����\�4�X*�}��%�#��V�+����i���&�&�NРY�[�a����12�E�9���o=�����$;S4�8�-�7΄��]WN7ݮ�ui�Z��r���~K��;��,y���k$���0�Q,�=y7�o�r&{�e}(�{�Ys���>����%������T��z���l��.y�|oO�L��� With the fusion of our electric vehicles and autonomous drive initiatives, we believe we can create a society in which all have freedom of mobility. Since I became CEO last December, I have been sending the message, both inside and outside the company, that Nissan has much greater potential than what we see today. It will feature a full e-POWER drivetrain, further strengthening our best-selling e-POWER lineup that includes the Note and the Serena. In line with this, we pursued a strategy of expansion. Let me now provide more details on how we are going to enhance efficiency. Thank you very much for the questions, for the tough and frank ones, too. In Japan, more than 90% of our customers appreciate our e-POWER and ProPILOT technologies. The Nissan Skyline is equipped with ProPILOT 2.0, which is the world’s first advanced driver support system with a hands-off function. H��w6PH.V0�361��&@���XA�89�K? By the end of fiscal year 2023, we are on track to launch more than eight 100% EVs. We will not offer products just to showcase technologies. Nissan Sales Data & Trends for the European Automotive Market. These are the headline financial results for fiscal year 2019 based on the equity accounting method for our joint venture in China. We will further increase the uptake from 75% today to close to 90% by the end of fiscal year 2023, resulting in 6 million connected vehicles in operation. As of March this year, we have sold more than 660,000 vehicles equipped with our ProPILOT and assisted driving features. So Nissan expects to continue enjoying steady growth due to our strengths in advanced technologies. Despite the decrease in sales, our global market share at 5.8% was in line with our projections we announced last February. The second area is prioritization and focus. We considered various measures for the Barcelona Plant, and although a very difficult decision, we intend to close the plant and we will begin discussions and preparations. To finish, let me share some thoughts with you. For us to continue our business in this tough market, we must enhance the measures we have been taking. The variance in operating profit against the outlook announced in February, is primarily due to the impact of COVID-19, including the negative impact on volume/mix by 70 billion yen, decrease in parts sales by 20 billion yen, and booking of provisions for the sales finance business by 30 billion yen. Top management must be first to break an inward-looking culture, and regain the trust of our customers, dealers, and business partners. Nissan sales and market share in Europe have grown steadily in the last decade, and it is one of the few mainstream automaker to have significantly increased both sales and market share during this period. The Official Global Website of Nissan Motor Company, providing the latest news and press releases, corporate and product information. By implementing all of these actions, and under certain economic and market conditions, Nissan aims to complete its strategy in the following two years and return automotive free cash flow to a healthy level. Let me reemphasize: I will make every effort to return Nissan to a growth path. We will continue to implement additional measures as required based on market conditions. Essential to support these two reforms will be an emphasis on quality and customer needs, and, of course, our valued suppliers and dealers. Although we are unable to provide details at this point in time, Nissan will systematically right-size operations or exit some other markets as we prioritize and focus. In order to be of further assistance to the efforts to stop the spread, at various locations around the world we are making face shields and medical gowns, and providing vehicles. Net loss also includes costs associated with restructuring and impairments of 603.0 billion yen, as we focus on restructuring measures to improve the company’s profitability. However, uncertainty remains. Press release - Qyresearch,Co.,Ltd - Global Coconut Fiber Market Share and Growth 2019 - published on openPR.com The reductions we are making in production represent a 20% cut globally in the 7.2-million-unit capacity that we had in FY2018. Today, following the presentation of our FY2019 financial results I would also like to talk about our business recovery initiatives. 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