Hit with arrest of ex-chair Ghosn, Nissan profit nose-dives

Asahi Shimbun | May 15, 2019 at 12:00 AM
  • Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that its annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.
  • Nissan’s sales for the fiscal year totaled 11.6 trillion yen, down 3 percent from the previous fiscal year.
  • It logged 9.2 billion yen in costs for the fiscal year through March from alleged underreporting of Ghosn’s compensation.