Nissan CFO Papin: The Company Will Not Be Free Cash Flow Positive In The Full Year
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Nissan CFO Papin announced that the company will not achieve free cash flow positivity for the full fiscal year. Despite challenges, Nissan aims for positive cash flow in the second half, with a focus on cost-saving initiatives. The CFO highlighted that one-off costs in the first half were mainly due to U.S. emissions issues, and the main risk for the second half is supply-related factors. Additionally, Nissan expects to incur 25 billion yen less in tariff costs in the second half compared to the first, aided by mitigation measures and a 15% tariff rate on U.S. imports from Japan.
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