“We believe we can achieve 5 percent operating margin eventually,” Uchida said. “But if you look at the immediate challenges today in fiscal year 2021, there is a big impact from semiconductor and commodity price hikes. So at this point in time, in operating profit, we foresee coming out even.”
Many of Nissan’s Japanese rivals, by contrast, are now reloading for a rapid rebound, after a year of being hammered by pandemic-forced factory shutdowns and supply chain bottlenecks.
Most of the group last week released forecasts for their new fiscal year that plot a big bounce back as they put