Nissan today released results for the fourth quarter of its 2023/2024 fiscal year covering the period from 1er April 2023 to March 31, 2024.
The result published by Nissan under Japanese accounting standards for the fourth quarter of its 2023/2024 fiscal year (period from 1er January to March 31, 2024), after IFRS restatements, will result in Renault Group’s first quarter 2024 net income by a positive contribution estimated at 225 million euros[1].
As a reminder, following the transfers by Renault Group of 211 million Nissan shares announced on December 13, 2023 and 99.1 million Nissan shares announced on March 28, 2024, as well as the cancellation of the securities acquired under of these repurchases by Nissan, Renault Group’s stake in the capital of Nissan as of April 3, 2024 is 38.92% (16.19% of Nissan shares held directly and 22.73% of shares held in the trust French company of which Renault Group is a beneficiary).
[1] Based on an exchange rate of 161.2 yen per euro on average over the quarter and an interest percentage of 40.645% as of March 31, 2024.
