Nissan Reports Smaller-Than-Expected Q1 Loss, Advances Restructuring Plan

Tariff-driven headwinds drove a nearly 10% revenue decline in Q1, prompting Nissan to secure $4.5 billion in bond financing to shore up liquidity.

Overview

Nissan posted a net loss of ¥116 billion in Q1, narrower than analysts had expected.
Revenue for the quarter fell by nearly 10% to ¥2.707 trillion, with North American sales down 13% under a 25% US import surtax.
The automaker upheld its ¥12.5 trillion full-year revenue forecast but withdrew profit guidance due to volatile market conditions.
As part of its restructuring, Nissan will cut production capacity from 17 to 10 plants by FY2027 and eliminate 20,000 jobs worldwide.
The company recorded an operating loss of ¥79.1 billion in Q1 and expects a second-quarter operating loss of ¥100 billion.