Nissan revises fiscal 2025 forecast, citing restructuring and costs

Nissan Motor Co., Ltd. announced a revision to its financial forecast for fiscal year 2025, originally released on May 13, 2025, and for the first half of fiscal year 2025, initially announced on July 30, 2025. For the first half of fiscal year 2025 (April 1 to September 30, 2025), the company now expects an operating profit of JPY -30,000 million, a JPY 150,000 million improvement from the previously announced JPY -180,000 million operating loss. Net sales remain unchanged at JPY 5,500,000 million, while the net loss attributable to owners of the parent is projected at JPY -230,000 million, resulting in a net loss per share of JPY -65.86.

The improved first-half operating loss is attributed to one-time positive items, such as lower costs related to emission regulations, and the rescheduling of some project-related costs to the second half of the year as R&D resources prioritized cost savings.

For the full fiscal year 2025 (April 1, 2025 to March 31, 2026), the company revised its net sales forecast down to JPY 11,700,000 million from JPY 12,500,000 million, a 6.4% decrease. The operating loss for the full year is expected to be JPY -275,000 million, including an estimated tariff impact of JPY 275,000 million. Nissan stated that forecasting net income attributable to owners of the parent and net income per share is currently difficult due to ongoing assessments of restructuring items under the Re:Nissan recovery plan, with an update expected on November 6, 2025.