Nissan Motor revised its near-term financial outlook thanks to one-time cost breaks and deferred spending, though the embattled Japanese carmaker remains mired in what may prove its worst crisis in decades.
The company now expects a second-quarter operating profit of ¥50 billion ($325 million) and a first-half operating loss of ¥30 billion ($195 million), both improvements of ¥150 billion from prior forecasts. Revenue projections remain unchanged at ¥5.5 trillion ($35.7 billion) for the six months ended September.
The rosier short-term numbers stem from lower emission regulation costs and project expenses pushed into the second half rather than fundamental business improvements. Nissan acknowledged it prioritized cost-cutting initiatives under its Re:Nissan recovery plan, which follows last year’s record $5 billion loss and abandoned merger talks with Honda.
For the full fiscal year ending March 2026, Nissan maintained its forecast for an operating loss of ¥275 billion ($1.78 billion) on revenue of ¥11.7 trillion ($76 billion). Chief Financial Officer Jeremie Papin cited supply chain risks, foreign exchange volatility, tariffs and competitive pressures weighing on the second half.
The automaker, which has cut 20,000 jobs and is selling assets including potentially its Yokohama headquarters, will report detailed first-half results November 6. Senior executives previously told media the company has roughly a year to stabilize operations.
