Nissan had initially projected an working revenue of 230 billion yen for the fiscal 12 months via March, however trimmed that final quarter. A 12 months in the past, it earned 318 billion yen — which on the time marked its lowest annual revenue in a decade.
The automaker’s complete dividend for the present fiscal 12 months is on observe to be 10 yen a share, together with the prior payout. In November, the Japanese firm withdrew its dividend outlook after chopping it in Might — the primary discount because it suspended dividends in 2009 amid an industrywide recession.
Executives sought to downplay concern about its destructive free money movement, which ballooned to minus 256 billion yen final quarter in contrast with minus 70 billion yen a 12 months in the past.
Rakesh Kochhar, a senior vp answerable for world treasury and automotive gross sales finance operations, instructed reporters that liquidity is not a problem. “If we have to borrow more cash we are able to accomplish that, and on the proper time we may also difficulty monetary…