Nissan Reports Losses but Promises Return to Profitability

• Nissan reported losses of 115.8 billion yen.
• The company promises to return to profitability in 2025.
• It will cut its workforce by 15% globally.

This is reported by The Yomiuri Shimbun, The Yomiuri Shimbun.

Tokyo (AP) — The Japanese automaker Nissan reported losses of 115.8 billion yen ($782 million) for the quarter ending June 2025, but it promises to return to profitability later this year.

Nissan Motor Corp. did not provide a forecast for net profit for the entire year. In the same quarter last year, the company posted a profit of 28.6 billion yen.

Quarterly sales volume in the current financial year decreased by nearly 10% to 2.7 trillion yen ($18 billion).

The manufacturer of the electric vehicle Leaf and premium-class Infiniti cars noted that the results were better than expected.

However, the company is facing "headwinds, including declining sales, unfavorable currency rates, and tariffs from President Donald Trump's administration."

Ivan Espinosa, who became the new head of Nissan in April, stated that the company’s restructuring plan remains on track. He noted that the initial steps of the restructuring plan are already being implemented, including cost-cutting measures, product reorganization, changes to market strategy, and strengthened partnerships.

"We need to act faster to achieve profitability. The entire Nissan team is united in the goal of restoring profitability, which will ensure stability and a profitable future," he said.

Nissan, which is based in the port city of Yokohama, is fighting for survival but promises to return to profitability under the leadership of Espinosa, a Mexican with 20 years of experience working in the company.

The company is also closing its flagship plant in Oppama, Japan, by the end of the 2027 financial year and will shift production to another plant in southern Japan.

Nissan is cutting 15% of its global workforce, which will amount to nearly 20,000 employees, including 9,000, which was previously announced in the last fiscal year.

Tags: Automotive