ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nissan's Ghosn crisis

Nissan's profit sinks below Renault's for first time in 10 years

Weak earnings alter power balance and offer partner a chance to pounce

Nissan Motor plans to lower its dividend for the first time in a decade this fiscal year as a speedy earnings turnaround looks unlikely.   © Reuters

TOKYO -- Nissan Motor's profit dropped below that of French partner Renault for the first time in a decade last fiscal year, a development that risks weakening the Japanese automaker's position in their alliance.

Nissan's operating profit sank 45% to 318.2 billion yen ($2.91 billion) for the year ended in March, earnings released Tuesday show -- less than the 3.61 billion euros ($4.06 billion) reported by Renault for 2018. It also logged the smallest operating margin of the alliance's three members, at 2.7% to Renault's 6.3% and Mitsubishi Motors' 4.4%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more