- Nissan reported net profit of 3.8 billion yen for January-March, reversing a 115.8 billion yen loss in the year-earlier period; quarterly sales rose 9.5% to 2.96 trillion yen.
- The automaker lowered its annual sales forecast to 3.15 million vehicles from 3.3 million, citing China, where local automakers lead in electrification.
- Nissan retained its fiscal-year outlook for 20 billion yen in profit on 13 trillion yen of sales despite US tariffs, higher material costs and disruption to Middle East exports after the Strait of Hormuz closure.
Quotes
“We are managing disruption where it exists, building momentum where we see opportunity.”
“Our focus is unchanged: Creating value for customers, improving profitability and free cash flow, and building a stronger, more resilient Nissan for the long term.”