Nissan's role in the Renault Group's financial results for the first quarter of 2025
Nissan, the Japanese automotive giant, announced turnaround initiatives on April 24, 2025. These initiatives come with a negative impact on the Renault Group's first-quarter 2025 net income.
The negative contribution to Nissan's results for the fourth quarter of the fiscal year 2024/2025, as reported under Japanese accounting standards, is estimated to be -€2,204 million. This negative contribution is primarily due to IFRS restatements and includes both impairments and restructuring costs.
The average exchange rate used for the period under review was 160.4 yen per euro. It's important to note that this negative contribution does not affect any net income other than Renault Group's first-quarter 2025 net income. Furthermore, the negative contribution does not apply to any other quarter or fiscal year.
As of the current date, the Renault Group holds a 35.71% position in Nissan's capital. Directly held Nissan shares by Renault Group amount to 17.05%. Additionally, the shares held in the French trust, of which Renault Group is the beneficiary, amount to 18.66% of Nissan's capital.
The CEO of Nissan, as of March 31, 2025, is Makoto Uchida. The interest rate as of the same date was 35.9%.
These turnaround initiatives are necessary for Nissan's future growth and success. The company is committed to overcoming the challenges and positioning itself for a strong recovery in the coming quarters.
Read also:
- Peptide YY (PYY): Exploring its Role in Appetite Suppression, Intestinal Health, and Cognitive Links
- Toddler Health: Rotavirus Signs, Origins, and Potential Complications
- Digestive issues and heart discomfort: Root causes and associated health conditions
- House Infernos: Deadly Hazards Surpassing the Flames
