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yesterday

Nissan proposes over ¥1 trillion financing plan to bridge looming 2026 debt wall

Internal forecasts warn that Nissan’s excess cash will dwindle to near zero by March 2026 without fresh funding.

Nissan’s factory in Sunderland is currently operating at barely half capacity
The logo of Nissan is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 REUTERS/Raquel Cunha/File Photo

Overview

  • Nissan plans to raise more than ¥1 trillion through debt issuances and asset sales to cover roughly US$5.6 billion of obligations due in 2026.
  • The package includes issuance of up to ¥630 billion in convertible securities and bonds and a £1 billion syndicated loan guaranteed by UK Export Finance.
  • Proposed asset disposals encompass stakes in Renault and AESC Group, sale of plants in South Africa and Mexico, and sale-and-leaseback deals on global properties.
  • Company documents project an operating loss of up to ¥450 billion for the year to March 2026 if current US tariffs persist.
  • These financing measures, unveiled by CEO Ivan Espinosa in early May, remain under board review without formal approval.