Overview
- Nissan now projects an operating loss of 275 billion yen for the fiscal year ending March 2026 and cut its sales forecast to 11.7 trillion yen from 12.5 trillion yen.
- The company expects a 30 billion yen operating loss for April–September, a better result than previously forecast due to temporary benefits and deferred project costs.
- Management cautioned that performance will worsen in the second half given supply-chain risks, foreign-exchange volatility, tariffs and normal seasonality, with CFO Jeremie Papin warning of a challenging competitive environment.
- Nissan is pushing a restructuring that includes about 20,000 job cuts, equal to roughly 15 percent of its workforce, to reduce costs and rebalance operations.
- Shares fell as much as 6.1 percent in early Tokyo trading on Oct 31, leaving the stock down around 27 percent for 2025.