Trending Now - Nissan Cuts Losses, Aiming for Profitability Ahead
WHO:
ABC News - Nissan Motor Corp., Chief Executive Ivan Espinosa
WHAT:
ABC News - Nissan sold 3.15 million vehicles globally during the fiscal year ended March 31.
ABC News - Nissan's executives stated that they are seeing “clear signs” of a turnaround and that they have “moved beyond recovery and are entering a phase of growth.”
ABC News - Nissan managed to record a better-than-expected operating profit and expects better results for the current year with upcoming model launches.
ABC News - Nissan is slashing thousands of jobs and has sold its headquarters building.
ABC News - Nissan reported a loss of 533 billion yen ($3.4 billion) for the fiscal year through March, reduced from a loss of 670.9 billion yen the previous fiscal year.
ABC News - Nissan's annual sales fell 5% to 12 trillion yen ($76 billion).
ABC News - Nissan had a net loss of 282.9 billion yen ($1.8 billion) in the January-March period, compared to a loss of 676 billion yen in the same period a year ago.
ABC News - Quarterly sales declined nearly 2% to 3.43 trillion yen ($22 billion).
ABC News - Nissan expects to achieve a profit of 20 billion yen ($127 million) for the fiscal year through March 2027.
WHERE:
ABC News - Nissan is based in Yokohama, Japan.
WHEN:
ABC News - The fiscal year ended March 31.
ABC News - Nissan expects to revert into the black for the fiscal year through March 2027.
WHY:
ABC News - Talks for Nissan to merge some operations with Honda Motor Co. collapsed, but there may be limited cooperative partnerships in the future.
ABC News - Nissan's financial struggles were attributed to U.S. tariffs, inflation, and intensifying competition, particularly from newer Chinese automakers.
HOW:
Bloomberg Markets - Nissan forecast an operating profit well above consensus estimates, indicating that cost-cutting measures are helping to alleviate the carmaker’s cash-strapped financial position.
ABC News - Nissan is working on cost cuts and other efforts to become more profitable, including upcoming model launches and disciplined cost management.
(UPDATED May 13, 2026 15:54 UTC)
Nissan has reported selling 3.15 million vehicles globally during the fiscal year that ended March 31, and executives are optimistic, noting they are seeing “clear signs” of a turnaround as they enter a phase of growth. The company has achieved a better-than-expected operating profit and anticipates even better results for the current year with new model launches on the horizon, despite also slashing thousands of jobs and selling its headquarters building. Although talks to merge some operations with Honda Motor Co. fell through, Nissan is still exploring limited cooperative partnerships for the future.
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(UPDATED May 13, 2026 13:44 UTC)
Nissan Motor Corp., led by Chief Executive Ivan Espinosa, reported a loss of 533 billion yen, or about $3.4 billion, for the fiscal year ending March 31, which is an improvement from the previous year's loss of 670.9 billion yen. The company's annual sales fell by 5% to 12 trillion yen, and they experienced a net loss of 282.9 billion yen in the January to March period, although this was significantly better than the loss of 676 billion yen during the same time last year. Looking ahead, Nissan expects to turn a profit of 20 billion yen, or $127 million, for the fiscal year through March 2027, as they implement cost cuts and focus on new model launches to enhance profitability.