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Nissan cuts annual operating profit estimate by 14.5% on lower sales

By Thomson Reuters Apr 19, 2024 | 1:37 AM

TOKYO (Reuters) – Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday citing lower-than-expected vehicle sales and other factors.

Japan’s third-largest automaker by volume now estimates an operating profit of 530 billion yen ($3.43 billion) instead of 620 billion yen for the year that ended in March.

($1 = 154.3800 yen)

(Reporting by Satoshi Sugiyama; Editing by Chang-Ran Kim)