PRESS RELEASE – Nissan global unit sales fell 4.4% to 5.516 million units in fiscal year 2018, the Japanese company said. Despite the unfavorable business climate, sales in Japan (including minivehicles) rose by 2.1% to 596,000 units.
This increase was driven by strong demand for the Note compact car and the Serena minivan, which feature Nissan Intelligent Mobility by offering technologies such as e-POWER and ProPILOT. The Note was the top-selling registered vehicle in Japan in fiscal year 2018, while the Serena led the minivan segment, according to the press statement Nissan issued today.
In China, where the company’s results are calculated on a calendar-year basis, strong performances by the new Kicks, X-Trail and Sylphy led to a 2.9% increase in Nissan’s unit sales increased to 1.564 million units, equivalent to a market share of 5.9%.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%.
Nissan sales in Europe, excluding Russia, fell by 17.8% to 536,000 units, which resulted in a market share of 3.0%. Unit sales in Russia, however, rose by 2.6% to 107,400 units.
In other markets, including Asia and Oceania, Latin America, the Middle East and Africa, Nissan’s sales fell by 0.4% to 815,000 units.
Fiscal 2018 Dividend
Nissan plans to propose a dividend of 57 yen per share for fiscal year 2018 at the company’s Ordinary General Meeting of Shareholders.
The company expects to sell 5.54 million units in fiscal year 2019, a small increase over fiscal year 2018. The statement indicated that Nissan’s management is focusing its efforts on building an operational base that can ensure consistent and steady profitability over the medium term.
Key initiatives include reinforcing the company’s U.S. operations and improving the efficiency of the company’s global investments and operations, while enhancing brand value through the launch of new models that embody Nissan Intelligent Mobility.
Fiscal year 2019 marks the start of these initiatives, and the company expects that the delivery of substantial improvements in performance will not be immediate.
Nissan has forecast a total dividend of 40 yen per share for fiscal year 2019. Net income attributable to owners of the parent. Since the beginning of fiscal year 2013, Nissan has reported figures calculated under the equity method accounting for its joint venture with Dong Feng in China. Although net income reporting remains unchanged under this accounting method, the equity-accounting income statements no longer include Dong-Feng-Nissan’s results in revenues and operating profit, the statement said.