Japanese automaker Nissan reduces red ink and vows to return to profit for the full year
The Japanese automaker cut its first-half loss to 39.7 billion yen and said a favorable exchange rate and pricing helped sales rise 8.8%.
- On Wednesday, Nissan reaffirmed its promise to turn profitable for the fiscal year through March 2027, projecting a net profit of 20 billion yen after trimming losses during the first half.
- Losses at Yokohama-based Nissan totaled 39.7 billion yen for the April-September period, significantly smaller than the 221.9 billion yen red ink reported last year, while sales rose 8.8% to 6.07 trillion yen.
- Production in Kumamoto, Japan, was halted by an earthquake earlier this year, and ongoing unrest in the Middle East raised raw material costs and blocked shipments, complicating recovery efforts.
- "The second half offers real opportunities to make progress," said Chief Executive Ivan Espinosa, stressing that model launches will build on recovery momentum, with a new business plan announced in February next year.
- Nissan shares slipped 1.5% in Wednesday trading as the company maintains strategic alliances with Renault and Mitsubishi Motors Corp., plus a technology partnership with Honda Motor, to stabilize performance.
16 Articles
16 Articles
Nissan reduces its losses thanks to its savings plan, but continues in red numbers
Associated Press News
Japanese automaker Nissan reduces red ink and vows to return to profit for the full year
Japanese automaker Nissan has trimmed its losses over the first fiscal half, compared to the previous year, and reaffirmed its promise to turn profitable for the full year.
Nissan Motor Co. announced its consolidated financial results for the period from April to September 2026 today (October 11), reporting a net loss of 39.7 billion yen, marking the second consecutive year of losses. New car sales in China in October were 22,295 units, a significant 67% decrease compared to the same period last year. According to the Nikkei Asian Review, Nissan reported a loss of 221.9 billion yen in the same period last year. Al…
Nissan recorded net losses of 39,705 million yen (about EUR 224 million) between April and September, an improvement of 82 per cent compared to the loss of 221,900 million yen (about EUR 1,200 million) in the same period.
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