Nissan’s global sales volume declined by 4.4% to 5.52 million vehicles and global market share was 6.0%. However, we do see challenges, including the impact of the COVID-19 coronavirus pandemic, as well as slowing market growth and more stringent environmental regulations. H��w6PH.V0 C���. Connectivity will be key. Although we are making efforts to improve net revenue per unit and to control incentives, it is taking significantly more time than initially expected. We must resolve the issue of redundant assets from which we do not expect sufficient returns. At this time, Europe’s automotive industry is in a period of transition. Our technologies and products must offer driving pleasure. 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. The company’s sales outperformed the market in China but market share decreased in other regions. This will not happen by merely revising our code of conduct or processes. It is my privilege to have the opportunity to introduce to you our revised plan. 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��� Now, let’s look at our work to prioritize and focus in three areas: markets, products and technology. 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. 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. 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. 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 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. The Kicks will further enhance our presence in this market. We are reducing fixed costs by approximately 300 billion yen, and will work to maintain that cost base going forward. We thank you in advance for your ongoing support. TjpIi�Z�Y�1�h$��Y��m�����T�J@L@���8�{�2�F��G����k1`��a6`��R�l�-��<>�P*��3��#*�xXl���!_W��n��Ú>���1@� �{cz 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 … 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. Our autonomous driving technology is also designed to assist customers around the world. We will withdraw from Korea, where we see limited opportunities, and we will reduce the size of our operations in some ASEAN markets. The report also provides a detailed analysis of the Europe Fuel Cell Electric Vehicles market … This impairment is expected to generate a reduction in depreciation expense of approximately 70 billion yen in fiscal year 2020. Now I would like to comment on the liquidity required to run the business. That is the outline of our plan to achieve steady performance recovery through prioritization and focus. The precise date of achieving 450,000 is not known. We will close our production plant in Indonesia, making Thailand our production base in ASEAN. But these steps need to be taken decisively and without compromise. 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. Earlier, I talked about rationalizing our product portfolio and concentrating our resources on core models. China is strategically the most important market for Nissan… Essential to support these two reforms will be an emphasis on quality and customer needs, and, of course, our valued suppliers and dealers. In this area, we are reorganizing operations from which we do not expect sufficient returns, and we are reducing excess production capacity. As of 2019, Toyota led the automotive sales in the United Arab Emirates with 30 percent. ��mҽ� ��b�Y�?��P%��촺Cr����� �q��܋ Y���[~٪w�_Y=a�!� �ˇ��̟�i����I�y7�L�w���Θ�/͍g��_�R��ķ ��Q� Introducing market share, production, consumption, revenue, and growth of Global major regions from 2014-2019 and forecast to 2026. 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. In these regions and also the Middle East, we will concentrate our management resources on markets where Nissan has growth potential. In Japan, Nissan’s sales … To do this, we will focus on model segments with global appeal that have demonstrated competitive strength. In 2019 Volkswagen hit the record share of 12.2% while Toyota Groups overtook the Renault-Nissan Alliance, holding respectively 11.4% and 10.9% of share. 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. 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 FY2019, we incurred restructuring charges and impairments in business assets of 603.0 billion yen, as we transform the business to improve profitability and achieve sustainable growth. We must admit failures and take corrective actions. Introducing market share, production, consumption, revenue, and growth of Global major regions from 2014-2019 and forecast to 2026. Outside these focus segments, we will work with our Alliance partners Renault and Mitsubishi Motors to share their assets, including products and technologies. Press release - Qyresearch,Co.,Ltd - Global Coconut Fiber Market Share and Growth 2019 - published on openPR.com In addition, we would like to express our sincere gratitude to all those working on the medical frontlines. Regarding impairment of business assets, we booked a loss of 522 billion yen due to excess production capacity based on future volume projections. The king of domestic market was again Nissan. In Western Europe, we will maintain production of core models at our UK plant in Sunderland and improve efficiency. %PDF-1.7 %���� 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. Nissan also has its own issues that have combined with these external factors and worsened our financial results. This concludes my presentation. We continue to follow guidelines set by governments and organizations around the world, carrying out initiatives such as work-at-home programs and temporary business shutdowns. I believe that Nissan is about people-focus and pursuing technologies and services relevant to customers. 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%. The reductions we are making in production represent a 20% cut globally in the 7.2-million-unit capacity that we had in FY2018. On top of the results we are starting to see from the launch of the new Sentra last year, this year we will launch the new Rogue, which will be a key driver. Instead, we are enriching our product offerings by packaging advanced technologies of practical value that are accessible to a greater number of customers. 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. The Ariya has cutting-edge styling inside and out, high-technology content including ProPILOT 2.0, a choice of powertrains, and much more. Nissan will focus on two key areas. 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. 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. H��w6PH.V0�36&FPR�89�K�(�^�U�`�` �� Thank you. In fiscal year 2019, the global TIV fell by 6.9% to 85.73 million units. endstream endobj startxref That concludes the fiscal year 2019 financial results. Nissan’s electrification initiatives are not only for a better environment. 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. The Official Global Website of Nissan Motor Company, providing the latest news and press releases, corporate and product information. So Nissan expects to continue enjoying steady growth due to our strengths in advanced technologies. 2020 Outlook. Show more Nissan is a car make from Yokohama, Japan. 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. I will explain the details of the restructuring measures later in the presentation. The second area is prioritization and focus. With regard to restructuring charges, we booked provisions for expected expenditures in relation to restructuring items that the company decided on in FY2019. 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