Nissan Narrows Full-Year Operating Loss as Turnaround Advances
Nissan Motor announced that it expects a significantly smaller operating loss for the current fiscal year, reflecting progress in its restructuring strategy. However, the Japanese automaker also reported a sharp decline in third-quarter profit.
The company now forecasts an operating loss of 60 billion yen ($392 million) for the fiscal year ending in March. This marks a substantial improvement from its earlier projection of a 275 billion yen loss.
Restructuring Plan Aims to Restore Profitability
Nissan’s revised outlook underscores its efforts to stabilize earnings through a comprehensive turnaround plan. The strategy includes reducing its global production footprint from 17 plants to 10 and cutting approximately 15% of its workforce.
The automaker is focusing on cost reductions and operational efficiency as it navigates a challenging global environment.
Third-Quarter Profit Drops 44%
Despite improving its full-year forecast, Nissan’s operating profit for the October–December quarter fell 44% year-on-year to 17.5 billion yen. The decline was largely driven by continued pressure from U.S. tariffs and broader market headwinds.
Even so, the quarterly result exceeded market expectations. According to a survey by LSEG, analysts had anticipated an average operating loss of 81 billion yen for the period. In comparison, Nissan reported a profit of 31.1 billion yen in the same quarter a year earlier.
The latest figures highlight both the challenges facing the automaker and the early impact of its restructuring efforts.
