Nissan Motor Company reported a 5% year-on-year drop in global revenues to JPY 2,999.5 billion (US$ 19.6 billion) in the third quarter of the current fiscal year (FY26), which ends in March 2026, as the Japanese automaker continued to struggle with rising global competition and the introduction of import tariffs in the US. The automaker reported an operating profit of JPY 17.5 billion (US$ 114 million), down 44% year-on-year, while net loss deepened to JPY 28.3 billion (US$ 185 million) from JPY 14.1 billion.
In the first three quarters of the current fiscal year, between April and December 2025, Nissan’s revenues dropped by over 6% year-on-year to JPY 8,578.0 billion, while incurring an operating loss of JYP 10.1 billion following an operating profit of JPY 64 billion a year earlier, and it made a net loss of JPY 250.2 billion following a net profit of JPY 5.1 billion previously. The company said it sold 2.26 million vehicles globally in the nine months, led mainly by the US and China.
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The automaker increased its global revenue forecast for the full fiscal year to JPY 11,900 billion, from JPY 11,700 billion previously, while cutting its operating loss forecast to JPY 60 billion from JPY 275 billion. The net loss for the year is expected to be JPY 650 billion.
Nissan’s CEO, Ivan Espinosa, said in a statement: “Through the collective efforts of employees company‑wide, we are delivering steady progress under Re:Nissan. We have announced all seven sites for consolidation within ten months, reflecting disciplined execution and significant advancement on fixed‑cost improvements. Although sales remain under pressure and tariff impact continues, we are maintaining operational focus and recognizing the ongoing momentum of our product lineup. While FY26 will reflect a substantial net loss driven primarily by non-cash accounting charges, these actions are necessary to strengthen our long-term operating performance. We will continue reinforcing our financial foundation and increasing revenue through the introduction of competitive new models, supporting our trajectory toward the goals of Re:Nissan.”
