Overview

• Nissan reported a net loss of ¥670.9 billion ($4.5 billion) for FY2024–2025, reversing a prior-year profit.
• The Re:Nissan plan, unveiled by new CEO Ivan Espinosa, aims to cut 20,000 jobs globally and reduce production sites from 17 to 10 by 2027.
• Cost-cutting measures include a target of ¥250 billion ($1.7 billion) in savings by the end of FY2026, with a focus on operational efficiency and profitability.
• Factors contributing to the financial downturn include declining sales in key markets like China and the U.S., rising costs, Trump-era tariffs, and challenges in transitioning to electric vehicles.
• The company has sufficient liquidity to implement the turnaround strategy but has not provided guidance for the current fiscal year.