A four-year plan has been unveiled by Nissan Motor Co., Ltd. aiming to achieve sustainable growth, financial stability and profitability by the end of fiscal- year 2023. During the four-year plan period, Nissan will take decisive action to transform its business by streamlining unprofitable operations and surplus facilities, alongside structural reforms. The company will also reduce fixed costs by rationalizing its production capacity, global product range and expenses. Through disciplined management, the company will prioritize and invest in business areas expected to deliver a solid recovery and sustainable growth. Makoto Uchida, Nissan chief executive officer, said, “Our transformation plan aims to ensure steady growth instead of excessive sales expansion. We will now concentrate on our core competencies and enhancing the quality of our business, while maintaining financial discipline and focusing on net revenue per unit to achieve profitability.” By implementing the plan, Nissan aims to achieve a 5% operating profit margin and asustainable global market share of 6% by the end of fiscal year 2023.
