Nissan Motor Co Ltd (OTCPK:NSANY)

$ 4.73 -0.16 (-3.27%) Market Cap: 8.65 Bil Enterprise Value: 52.55 Bil PE Ratio: 8.94 PB Ratio: 0.22 GF Score: 69/100

Q2 2024 Nissan Motor Co Ltd Earnings Press Conference Transcript

Nov 09, 2023 / 07:30AM GMT

Release Date Price: $8.53 (+5.44%)

Transcript

Operator

Welcome, everyone, to the Nissan financial results for the first half of fiscal year 2023 media session today. Thank you very much for joining us. Today's attendees are Mr. Uchida Makoto, CEO, President; and CFO, Mr. Stephen Ma. Mr. Uchida, CEO, will start with the highlights of the first half. Mr. Uchida, over to you.

Makoto Uchida

Nissan Motor Co., Ltd. - Representative Executive Officer, CEO, President & Director

Ladies and gentlemen, welcome to Nissan's first half results for the 6-month period ending September 30, 2023. Nissan's financial performance for the first half of this fiscal year improved significantly from the prior year. Net revenue increased 30%. Operating profit was up 115%, and net income substantially increased. Since fiscal year 2020, we have been working on the Nissan NEXT business transformation plan. The results of our continuous efforts are reflected in our business performance in the current fiscal year, which is the final year of the plan.

Now I would like to ask our CFO, Mr. Stephen Ma, to present the results for the

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