Nissan Reports First Quarterly Profit in Two Years Amid Restructuring Efforts
Japanese automaker Nissan reported a net profit of ¥3.76 billion for the three months ended June 2026, marking its first quarterly profit in two years and surpassing analyst expectations. The turnaround was driven by cost-cutting measures and foreign-exchange gains despite weaker-than-expected sales projections due to declining demand in China and ongoing challenges in the Middle East. Nissan revised down its global sales forecast for fiscal year 2027, now expecting flat growth at 3.15 million units compared to a previous target of 3.30 million. The company cited slowed economic activity in China and an accelerated shift toward electrified vehicles as key factors behind the downward revision. Despite these challenges, Nissan remains committed to its restructuring efforts, including job cuts and facility reductions globally. It also announced plans for new vehicle launches and partnerships aimed at expanding into emerging markets like robotaxi services.
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Topics: Automotive Profitability Sales Forecast