Nissan has warned that it could post a full-year operating loss of Y275bn ($1.8bn) on net revenues of Y11.7tn for the fiscal year ending March 2026.
The group issued its first guidance for the period ahead of second-quarter results due on 6 November.
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The outlook reflects anticipated pressures in the second half, including supply chain risks, foreign exchange volatility, tariffs and other external factors.
For the quarter to 30 September 2025, Nissan projects an operating profit of Y50bn, but an operating loss of Y30bn for the first six months.
The April–September operating loss of Y30bn is narrower than the previously signalled Y180bn loss.
Nissan attributed the improved first-half performance to one-off items, including lower costs linked to emissions regulations, and the deferral of some project expenses into the second half as it prioritised cost-saving initiatives under its Re:Nissan plan.
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By GlobalDataThe company left its net revenue outlook the same for the second quarter and first half at Y2.8tn and Y5.5tn, respectively.
Nissan CFO Jeremie Papin said: “While our first-half results reflect temporary benefits and payback from cost-saving initiatives, we anticipate ongoing challenging competitive environment in the second half, supply chain risks and the seasonality of business.
“Our priority remains disciplined execution, strong cash flow management, and safeguarding profitability as we navigate these headwinds. We are committed to maintaining transparency and delivering on the objectives of Re:Nissan.”
Chief executive Ivan Espinosa, appointed in April, has set out a restructuring plan that includes a roughly 15% reduction in headcount, a cut in global output of about 30% to 2.5 million vehicles, and a consolidation of manufacturing sites from 17 to 10.
The plan targets Y500bn in savings as Nissan addresses declining sales, particularly in China and the US, following an expansion strategy that did not deliver expected results.
Nissan reported weaker trading in the first quarter of FY25 too, with revenue falling to Y2.70tn from Y2.99tn a year earlier.
The company recorded an operating loss of Y79.1bn compared with an operating profit of Y1bn in the prior-year period, taking the operating margin to negative 2.9%.
Net income turned to a loss of Y115.8bn from a Y28.6bn profit a year earlier.
