Financials Nissan Motor Co., Ltd.

Equities

7201

JP3672400003

Auto & Truck Manufacturers

Market Closed - Japan Exchange Other stock markets 12:00:00 23/01/2026 pm IST			5-day change	1st Jan Change
400.30 ^JPY	-2.13%		-6.30%	+2.61%

04:53pm	Nissan Motor to Sell South African Manufacturing Plant to China's Chery	MT
01:42pm	Nissan North America is recalling 26,432 U.S. vehicles - NHTSA	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	1,21,29,101	1,24,25,803	1,27,58,036
Change	-	7.15%	25.78%	19.71%	-0.41%	-3.99%	2.45%	2.67%
EBITDA ¹	1,07,763	5,36,700	7,12,342	9,20,402	4,37,744	1,18,628	4,15,012	5,21,938
Change	-	398.04%	32.73%	29.21%	-52.44%	-72.9%	249.84%	25.76%
EBIT ¹	-1,50,651	2,47,300	3,77,100	5,68,718	69,798	-1,65,417	1,24,965	2,36,870
Change	-	264.15%	52.49%	50.81%	-87.73%	-336.99%	175.55%	89.55%
Interest Paid ¹	-20,277	-38,997	-63,045	-14,516	-23,566	-21,500	-22,000	-21,000
Earnings before Tax (EBT) ¹	-3,39,334	3,84,200	4,02,400	5,99,225	-4,13,618	-3,19,443	77,999	2,14,172
Change	-	213.22%	4.74%	48.91%	-169.03%	22.77%	124.42%	174.58%
Net income ¹	-4,48,697	2,15,500	2,21,900	4,26,649	-6,70,898	-3,14,873	40,471	1,57,074
Change	-	148.03%	2.97%	92.27%	-257.25%	53.07%	112.85%	288.11%
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 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	2028 Q1	2028 Q2
Net sales ¹	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	27,06,906	28,71,781	30,65,715	34,10,685	29,41,114	29,90,654	31,01,427	33,92,755	31,14,170	31,99,052
Change	-	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%	-22.44%	6.09%	6.75%	11.25%	-13.77%	1.68%	3.7%	9.39%	-8.21%	2.73%
EBITDA	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	69,751	1,16,946	-	-	-	-	-	-	-	-
Change	-	-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%	-27.74%	67.66%	-	-	-	-	-	-	-	-
EBIT ¹	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	-79,124	51,471	-62,441	-60,374	36,670	77,676	46,523	38,341	1,21,527	1,92,948
Change	-	-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%	-1,467.04%	165.05%	-221.31%	3.31%	160.74%	111.83%	-40.11%	-17.59%	216.96%	58.77%
Charge d'intérêts ¹	-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	-	-90,156	-	-5,000	-7,000	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-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	-1,28,113	-93,426	-35,000	-1,08,000	-	-	-	-	-	-
Change	-	-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%	74.74%	27.08%	62.54%	-208.57%	-	-	-	-	-	-
Net income ¹	-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	-1,15,758	-1,06,163	-19,317	-56,642	17,962	62,050	36,264	18,085	60,468	1,22,123
Change	-	-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%	82.88%	8.29%	81.8%	-193.22%	131.71%	245.46%	-41.56%	-50.13%	234.36%	101.96%
Announcement Date	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	30/07/25	06/11/25	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2	2028 S1
Net sales ¹	39,46,997	44,77,603	46,62,250	59,34,450	60,63,346	66,22,370	59,84,200	66,48,993	55,78,687	63,80,301	58,40,846	63,53,813	61,64,650
Change	-	13.44%	4.12%	27.29%	2.17%	9.22%	-9.64%	11.11%	-16.1%	14.37%	-8.46%	8.78%	-2.98%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,39,131	1,08,169	1,56,608	2,20,490	3,36,743	2,31,975	32,900	36,890	-27,653	-1,72,000	1,11,173	56,818	3,21,673
Change	-	-22.25%	44.78%	40.79%	52.72%	-31.11%	-85.82%	12.13%	-174.96%	-521.99%	164.64%	-48.89%	466.15%
Charge d'intérêts ¹	-27,528	-21,558	-30,347	-32,698	-8,531	-	-1,75,276	-	-1,92,799	-12,000	-	-	-
Earnings before Tax (EBT) ¹	2,61,383	1,22,817	1,73,302	2,29,100	3,76,388	2,22,837	90,600	-5,04,220	-2,21,539	-1,43,000	-	-	-
Change	-	-53.01%	41.11%	32.2%	64.29%	-40.8%	-59.34%	-656.53%	56.06%	35.45%	-	-	-
Net income ¹	1,68,646	46,854	64,475	1,57,430	2,96,210	1,30,439	19,200	-6,90,121	-2,21,921	-1,53,000	-	-	-
Change	-	-72.22%	37.61%	144.17%	88.15%	-55.96%	-85.28%	-3,694.38%	67.84%	31.06%	-	-	-
Announcement Date	09/11/21	12/05/22	09/11/22	11/05/23	09/11/23	09/05/24	07/11/24	13/05/25	06/11/25	-	-	-	-

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	58,90,658	62,15,611	63,98,424
Change	-	-35.95%	40.97%	13.03%	3.93%	-0.2%	5.52%	2.94%
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	5,83,028	5,84,464	5,99,886
Change	-	-13.02%	33.26%	-12.32%	44.92%	9.24%	0.25%	2.64%
Free Cash Flow (FCF) ¹	9,53,668	7,00,352	7,74,010	1,48,235	-2,17,540	-7,83,049	597.7	1,62,788
Change	-	-26.56%	10.52%	-80.85%	-246.75%	-259.96%	100.08%	27,137.31%
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%	0.98%	3.34%	4.09%
EBIT Margin (%)	-1.92%	2.94%	3.56%	4.48%	0.55%	-1.36%	1.01%	1.86%
EBT Margin (%)	-4.32%	4.56%	3.8%	4.72%	-3.27%	-2.63%	0.63%	1.68%
Net margin (%)	-5.71%	2.56%	2.09%	3.36%	-5.31%	-2.6%	0.33%	1.23%
FCF margin (%)	12.13%	8.31%	7.3%	1.17%	-1.72%	-6.46%	0%	1.28%
FCF / Net Income (%)	-212.54%	324.99%	348.81%	34.74%	32.43%	248.69%	1.48%	103.64%
Profitability
ROA	-1.32%	1.87%	3.03%	3.75%	1.08%	-1.23%	0.42%	1.03%
ROE	-11.2%	5.1%	4.6%	7.7%	-12.3%	-7.67%	-0.6%	3.13%
Financial Health
Leverage (Debt/EBITDA)	51.64x	6.64x	7.05x	6.17x	13.48x	49.66x	14.98x	12.26x
Debt / Free cash flow	5.84x	5.09x	6.49x	38.31x	-27.13x	-7.52x	10,399.8x	39.31x
Capital Intensity
CAPEX / Current Assets (%)	4.61%	3.74%	3.96%	2.9%	4.22%	4.81%	4.7%	4.7%
CAPEX / EBITDA (%)	336.27%	58.73%	58.96%	40.01%	121.92%	491.47%	140.83%	114.93%
CAPEX / FCF (%)	38%	45.01%	54.27%	248.44%	-245.34%	-74.46%	97,790.9%	368.51%
Items per share
Cash flow per share ¹	338.1	231.1	233.9	286	210.2	-124.1	114.6	217.8
Change	-	-31.64%	1.19%	22.3%	-26.52%	-159.05%	192.39%	89.97%
Dividend per Share ¹	-	5	10	20	-	-	1.154	6.579
Change	-	-	100%	100%	-	-	-	470.2%
Book Value Per Share ¹	1,008	1,170	1,311	1,599	1,420	1,352	1,357	1,408
Change	-	16.11%	12.01%	22.01%	-11.22%	-4.79%	0.42%	3.73%
EPS ¹	-114.7	55.07	56.67	110.5	-187.1	-90.39	11.55	46.92
Change	-	148.02%	2.91%	94.94%	-269.35%	51.68%	112.77%	306.39%
Nbr of stocks (in thousands)	39,13,143	39,14,302	39,15,745	37,40,155	34,92,298	34,95,739	34,95,739	34,95,739
Announcement Date	11/05/21	12/05/22	11/05/23	09/05/24	13/05/25	-	-	-