Nissan raises earnings outlook, optimistic chip crunch will ease

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Japanese automaker Nissan Motor Co (7201.T) on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States and China, after reporting a surprise first-quarter operating profit.

The logo of Nissan is seen on a car ahead of a news conference at Nissan's Sunderland plant in Sunderland, Britain, July 1, 2021. REUTERS/Phil Noble/Fileson Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States and China, after reporting a surprise first-quarter operating profit.

Nissan hopes to make up for production and sales losses during the latter half of the fiscal year ending March 2022 and expects semiconductor shortages to ease during that period, Chief Operating Officer Ashwani Gupta told reporters.

 

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