Nissan Motor Co. recorded ¥9.2 billion in its latest earnings statement, issued Tuesday, that ousted Chairman Carlos Ghosn had allegedly failed to report as his income.
The automaker also slashed its full-year profit forecasts amid sluggish demand in the North America market and other markets worldwide. Nissan now expects its operating profit to fall to ¥450 billion, down 21.7 percent from the previous year, and its net profit to ¥410 billion, 45.1 percent lower from a year earlier.
Ghosn has claimed that he never received undisclosed incomes and that he had no binding agreement with Nissan regarding the ¥9.2 billion payment, which he was apparently going to receive after his retirement. He also said the matter related to his post-retirement allowance was checked by lawyers, stressing that he had no intention of performing an unlawful act.
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