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Nissan Motor Co. has laid a charge of $ 83 million related to the compensation of former president, Carlos Ghosn, while the Japanese automaker was shocked by the arrest of the iconic ruler warned against its lowest profit for six years.
Operating profit will rise to 450 billion yen ($ 4.1 billion) during the year, Nissan said on Tuesday. This is down from Nissan's previous forecast of 540 billion yen, which is lower than the lowest of badysts' estimates.
Sales in the United States and China continue to decline as a result of the economic downturn, which puts pressure on general manager Hiroto Saikawa, who is trying to dispel tensions with his partner and shareholder Renault SA after the arrest of Ghosn . The companies have spent the last two months battling a scandal attack, indictments by Tokyo prosecutors for alleged financial irregularities, and unflattering insights into the corporate governance controls of the two. companies.
The one-time 9.2 billion yen reflecting Ghosn's payout shows that Nissan and Renault will feel reverberated after the scandal. The so-called deferred salary has become the focus of Tokyo prosecutors who have accused Ghosn of underestimating his income at Nissan by tens of millions of dollars.
Sales in China, Nissan's largest market, fell 4% in the quarters from October to December. Nissan relies heavily on China, which is expected to become its main market. The company plans to invest $ 9 billion and introduce 20 electrified models within three years.
Nissan's US sales dropped 19% in January, after falling 6.2% in 2018. The US market has been a major drag for Nissan in recent quarters. Japanese automaker's domestic unit sales increased about 32% in December, which contributed to a year-over-year base drop when shipments were hit by a corporate scandal. inspection.
Nissan's expected dividend has been maintained at 57 yen per share, which is a boon for shareholders, including Renault, which holds a 43% stake in Nissan.
By Ma Jie
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