Nissan Reports First Quarterly Profit in Two Years Amid Restructuring Efforts
Nissan Motor reported a net profit of ¥3.8 billion for the first quarter of fiscal 2026, marking its first quarterly profit in two years due to cost reductions and improved sales performance despite ongoing challenges in China and the Middle East. The company's operating profit also turned positive at ¥77.9 billion compared with an operating loss a year earlier. This turnaround was attributed to Nissan’s Re:Nissan restructuring plan, which generated approximately ¥60 billion in savings through reduced variable costs across manufacturing, purchasing, and R&D. Despite the progress, China remains a significant challenge due to fierce competition from domestic electric vehicle manufacturers. In response, Nissan has lowered its annual global sales target by 150,000 units to 3.15 million vehicles for fiscal 2026. The company maintained its full-year revenue and net profit outlook at ¥13 trillion and ¥20 billion respectively.