Financials Nissan Motor Co., Ltd.

Equities

7201

JP3672400003

Auto & Truck Manufacturers

Delayed Japan Exchange Other stock markets 06:10:29 09/07/2025 am IST			5-day change	1st Jan Change
306.80 ^JPY	-2.76%		-10.24%	-36.08%

05:38am	Nissan halts production of three models for Canada at two US plants, Nikkei reports	RE
05:33am	Nissan halts production of three models for Canada at two US plants, Nikkei reports	RE

Projected Income Statement: Nissan Motor Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	78,62,572	84,24,600	1,05,96,700	1,26,85,716	1,26,33,214	1,20,41,438	1,23,33,605	1,27,24,595
Change	-	7.15%	25.78%	19.71%	-0.41%	-4.68%	2.43%	3.17%
EBITDA ¹	1,07,763	5,36,700	7,12,342	9,20,402	4,37,744	74,211	6,28,965	7,53,911
Change	-	398.04%	32.73%	29.21%	-52.44%	-83.05%	747.54%	19.87%
EBIT ¹	-1,50,651	2,47,300	3,77,100	5,68,718	69,798	-1,50,840	99,815	1,83,169
Change	-	264.15%	52.49%	50.81%	-87.73%	-316.11%	166.17%	83.51%
Interest Paid	-20,277	-38,997	-63,045	-14,516	-23,566	-	-	-
Earnings before Tax (EBT) ¹	-3,39,334	3,84,200	4,02,400	5,99,225	-4,13,618	-2,85,046	2,08,218	2,54,645
Change	-	213.22%	4.74%	48.91%	-169.03%	31.08%	173.05%	22.3%
Net income ¹	-4,48,697	2,15,500	2,21,900	4,26,649	-6,70,898	-2,76,652	1,62,055	1,91,942
Change	-	148.03%	2.97%	92.27%	-257.25%	58.76%	158.58%	18.44%
Announcement Date	11/05/21	12/05/22	11/05/23	09/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	11,74,194	19,18,493	22,24,760	25,45,125	20,08,247	19,38,750	22,07,034	22,70,600	21,37,311	25,24,939	28,37,441	30,97,000	29,17,660	31,45,686	31,08,100	35,14,270	29,98,395	29,85,800	31,58,986	34,90,007	27,80,415	30,28,243	29,14,718	32,58,311	28,66,063	30,28,521	31,46,146	33,62,052
Change	-	63.39%	15.96%	14.4%	-21.09%	-3.46%	13.84%	2.88%	-5.87%	18.14%	12.38%	9.15%	-5.79%	7.82%	-1.19%	13.07%	-14.68%	-0.42%	5.8%	10.48%	-20.33%	8.91%	-3.75%	11.79%	-12.04%	5.67%	3.88%	6.86%
EBITDA	-93,431	57,861	93,523	49,810	1,45,359	1,36,825	1,26,602	1,27,914	1,45,132	1,75,005	2,20,437	1,71,769	2,14,447	2,52,436	2,33,800	1,78,043	92,989	1,25,900	1,26,681	96,527	-	-	-	-	-	-	-	-
Change	-	161.93%	61.63%	-46.74%	191.83%	-5.87%	-7.47%	1.04%	13.46%	20.58%	25.96%	-22.08%	24.85%	17.71%	-7.38%	-23.85%	-47.77%	35.39%	0.62%	-23.8%	-	-	-	-	-	-	-	-
EBIT ¹	-1,53,926	-4,833	27,128	-19,020	75,682	63,449	52,156	56,000	64,905	91,703	1,33,093	87,400	1,28,595	2,08,148	1,41,600	90,375	995	31,900	31,102	5,788	-1,62,180	-26,552	-9,000	-809.6	16,166	80,485	78,856	62,525
Change	-	96.86%	661.31%	-170.11%	497.91%	-16.16%	-17.8%	7.37%	15.9%	41.29%	45.13%	-34.33%	47.13%	61.86%	-31.97%	-36.18%	-98.9%	3,106.03%	-2.5%	-81.39%	-2,902.01%	83.63%	66.11%	91%	2,096.87%	397.86%	-2.02%	-20.71%
Charge d'intérêts	-2,970	-	-14,014	-	-14,087	-13,441	-13,868	-9,302	-14,981	-15,366	-16,703	-15,995	-3,275	-5,256	-7,826	1,841	-87,949	-18,472	-91,712	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-3,04,599	-16,333	-4,252	-14,150	1,70,539	90,844	65,915	56,900	1,05,610	67,692	94,722	1,34,400	1,29,248	2,47,140	65,400	1,57,437	65,320	25,300	2,991	-5,07,211	22,358	9,874	-33,611	-1,69,033	49,520	72,134	52,884	-11,906
Change	-	94.64%	73.97%	-232.78%	1,305.22%	-46.73%	-27.44%	-13.68%	85.61%	-35.9%	39.93%	41.89%	-3.83%	91.21%	-73.54%	140.73%	-58.51%	-61.27%	-88.18%	-17,057.91%	104.41%	-55.84%	-440.41%	-402.91%	129.3%	45.67%	-26.69%	-122.51%
Net income ¹	-2,85,589	-44,370	-37,762	-80,976	1,14,531	54,115	32,689	14,200	47,112	17,363	50,565	1,06,900	1,05,475	1,90,735	29,100	1,01,339	28,562	-9,300	-14,075	-6,76,046	-1,59,602	-54,391	-29,172	-1,67,128	-7,821	57,497	71,998	43,333
Change	-	84.46%	14.89%	-114.44%	241.44%	-52.75%	-39.59%	-56.56%	231.77%	-63.15%	191.22%	111.41%	-1.33%	80.83%	-84.74%	248.24%	-71.82%	-132.56%	-51.34%	-4,703.17%	76.39%	65.92%	46.37%	-472.9%	95.32%	835.18%	25.22%	-39.81%
Announcement Date	28/07/20	12/11/20	09/02/21	11/05/21	28/07/21	09/11/21	08/02/22	12/05/22	28/07/22	09/11/22	09/02/23	11/05/23	26/07/23	09/11/23	08/02/24	09/05/24	25/07/24	07/11/24	13/02/25	13/05/25	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	47,69,885	39,46,997	44,77,603	46,62,250	59,34,450	60,63,346	66,22,370	59,84,200	66,48,993	56,26,373	62,95,647	59,29,006	66,34,876
Change	-	-17.25%	13.44%	4.12%	27.29%	2.17%	9.22%	-9.64%	11.11%	-15.38%	11.9%	-5.82%	11.91%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	8,108	1,39,131	1,08,169	1,56,608	2,20,490	3,36,743	2,31,975	32,900	36,890	70,261	-620.5	1,99,782	1,58,826
Change	-	1,615.97%	-22.25%	44.78%	40.79%	52.72%	-31.11%	-85.82%	12.13%	90.46%	-100.88%	32,298.84%	-20.5%
Charge d'intérêts	-20,131	-27,528	-21,558	-30,347	-32,698	-8,531	-	-1,75,276	-	-	-	-	-
Earnings before Tax (EBT) ¹	-18,402	2,61,383	1,22,817	1,73,302	2,29,100	3,76,388	2,22,837	90,600	-5,04,220	32,231	-2,02,643	1,53,009	-55,244
Change	-	1,520.41%	-53.01%	41.11%	32.2%	64.29%	-40.8%	-59.34%	-656.53%	106.39%	-728.71%	175.51%	-136.11%
Net income	-1,18,738	1,68,646	46,854	64,475	1,57,430	2,96,210	1,30,439	19,200	-6,90,121	-	-	-	-
Change	-	242.03%	-72.22%	37.61%	144.17%	88.15%	-55.96%	-85.28%	-3,694.38%	-	-	-	-
Announcement Date	11/05/21	09/11/21	12/05/22	09/11/22	11/05/23	09/11/23	09/05/24	07/11/24	13/05/25	-	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Nissan Motor Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	55,65,206	35,64,411	50,24,676	56,79,247	59,02,348	58,20,251	60,13,625	61,03,327
Change	-	-35.95%	40.97%	13.03%	3.93%	-1.39%	3.32%	1.49%
Announcement Date	11/05/21	12/05/22	11/05/23	09/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Nissan Motor Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	3,62,377	3,15,202	4,20,028	3,68,273	5,33,712	5,21,202	5,64,842	5,76,446
Change	-	-13.02%	33.26%	-12.32%	44.92%	-2.34%	8.37%	2.05%
Free Cash Flow (FCF) ¹	9,53,668	7,00,352	7,74,010	1,48,235	2,19,975	-16,294	9,679	99,816
Change	-	-26.56%	10.52%	-80.85%	48.4%	-107.41%	159.4%	931.26%
Announcement Date	11/05/21	12/05/22	11/05/23	09/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Nissan Motor Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	1.37%	6.37%	6.72%	7.26%	3.47%	0.62%	5.1%	5.92%
EBIT Margin (%)	-1.92%	2.94%	3.56%	4.48%	0.55%	-1.25%	0.81%	1.44%
EBT Margin (%)	-4.32%	4.56%	3.8%	4.72%	-3.27%	-2.37%	1.69%	2%
Net margin (%)	-5.71%	2.56%	2.09%	3.36%	-5.31%	-2.3%	1.31%	1.51%
FCF margin (%)	12.13%	8.31%	7.3%	1.17%	1.74%	-0.14%	0.08%	0.78%
FCF / Net Income (%)	-212.54%	324.99%	348.81%	34.74%	-32.79%	5.89%	5.97%	52%
Profitability
ROA	-1.32%	1.87%	3.03%	3.75%	1.08%	-1.29%	1.22%	1.27%
ROE	-11.2%	5.1%	4.6%	7.7%	-12.3%	-3.37%	3.49%	3.74%
Financial Health
Leverage (Debt/EBITDA)	51.64x	6.64x	7.05x	6.17x	13.48x	78.43x	9.56x	8.1x
Debt / Free cash flow	5.84x	5.09x	6.49x	38.31x	26.83x	-357.21x	621.31x	61.15x
Capital Intensity
CAPEX / Current Assets (%)	4.61%	3.74%	3.96%	2.9%	4.22%	4.33%	4.58%	4.53%
CAPEX / EBITDA (%)	336.27%	58.73%	58.96%	40.01%	121.92%	702.33%	89.81%	76.46%
CAPEX / FCF (%)	38%	45.01%	54.27%	248.44%	242.62%	-3,198.8%	5,835.75%	577.51%
Items per share
Cash flow per share ¹	338.1	231.1	233.9	286	210.2	149.2	125.4	157.7
Change	-	-31.64%	1.19%	22.3%	-26.52%	-29%	-15.96%	25.77%
Dividend per Share ¹	-	5	10	20	-	-	1.818	6.466
Change	-	-	100%	100%	-	-	-	255.63%
Book Value Per Share ¹	1,008	1,170	1,311	1,599	1,420	1,364	1,445	1,491
Change	-	16.11%	12.01%	22.01%	-11.22%	-3.94%	5.97%	3.13%
EPS ¹	-114.7	55.07	56.67	110.5	-187.1	-78.77	46.21	54.65
Change	-	148.02%	2.91%	94.94%	-269.35%	57.89%	158.66%	18.27%
Nbr of stocks (in thousands)	39,13,143	39,14,302	39,15,745	37,40,155	34,92,298	34,92,272	34,92,272	34,92,272
Announcement Date	11/05/21	12/05/22	11/05/23	09/05/24	13/05/25	-	-	-