A few days ago the Japanese car company trio Toyota Motor, Honda Motor and Nissan Motor announced the results of the first quarter of the current fiscal year (April 1, 2024 to June 30) report.
Thanks to factors such as growth in hybrid sales and a weaker yen, Toyota and Honda Motor’s quarterly performance shined and profitability further improved. Among them, deep in the certification and recall storm Toyota is still the world’s most profitable car companies, rough calculations, the report period of a single day net profit of up to more than 700 million yuan; Honda’s revenue, operating profit and net profit have achieved year-on-year growth, year-on-year increase in the highest of the three.
Compared with Toyota and Honda, Nissan released its worst quarterly results in nearly three years, revenue soared but operating profit and net profit plummeted year-on-year, operating profit margin of almost 0%, quarterly performance under pressure Nissan downgraded its operating profit expectations for fiscal year 2024.