Nissan Motor Co., Ltd. announced its financial results for the six months ended September 30, 2025, reporting a consolidated net revenue of 5.6 trillion yen and a global sales volume of 1.48 million units. The company posted an operating loss of 27.7 billion yen and a net loss of 221.9 billion yen, largely attributed to lower income from equity-method affiliates, impairments, and restructuring costs.
Despite near-term challenges, Nissan maintained a robust financial position with total liquidity of 3.6 trillion yen, including 2.2 trillion yen in cash, underscoring financial resilience amid a difficult operating environment.
Q2 Sees Operating Recovery Despite Net Loss
For the second quarter (July–September 2025), Nissan recorded net revenue of 2.87 trillion yen and an operating profit of 51.5 billion yen, improving significantly from 31.9 billion yen in Q2 FY2024. However, net income stood at -106.2 billion yen, reflecting continued headwinds from external factors and one-time charges.
FY2025 Outlook: Targeting Operating Breakeven Excluding Tariffs
For the full fiscal year ending March 31, 2026, Nissan forecasts net revenue of 11.7 trillion yen and expects to break even at the operating profit level excluding U.S. tariff impacts. Accounting for the estimated tariff costs, the company anticipates an operating loss of around 275 billion yen.
The automaker stated that it remains difficult to provide net income guidance as it continues evaluating its Re:Nissan recovery measures, which aim to strengthen profitability and operational efficiency.
“Re:Nissan” Plan: Cost Savings, Optimization, and Future Focus
As part of its ongoing Re:Nissan transformation plan, the company reaffirmed its commitment to achieving positive automotive operating profit and free cash flow by FY2026.
Nissan has identified 200 billion yen in potential variable cost savings, driven by thousands of innovative ideas now being implemented. The company also reported over 80 billion yen in fixed cost reductions in H1, on track to exceed 150 billion yen by FY-end and surpass its 250-billion-yen target by FY2026.
Optimization of non-core assets is underway, including the sale and 20-year leaseback of Nissan’s global headquarters in Yokohama. The proceeds will be reinvested to modernize facilities and fund future growth, with no operational or employment impact.
Strengthening Product and Market Strategy
Under the next phase of Re:Nissan, the automaker is refocusing its product-market strategy and reinforcing global partnerships. Recent successes of next-generation models such as the LEAF and Roox highlight growing consumer confidence in Nissan’s EV and compact vehicle portfolio.
“Our first-half results reflect the challenges we face, yet they confirm that Nissan is firmly on the path to recovery,” said Ivan Espinosa, President and CEO of Nissan Motor Co., Ltd. “Balancing optimism with prudent risk management, we are accelerating toward the future—prioritizing new products, key markets, and breakthrough technologies that will define Nissan’s next chapter.”
With disciplined execution of its Re:Nissan roadmap, Nissan remains focused on stabilizing profitability, driving innovation, and strengthening its position in global automotive markets.
