Nissan Reports First-Quarter Profit Amid Cost Savings
Nissan Motor reported an operating profit of Y77.88 billion ($496.4 million) for the first quarter ending June 30, 2026, marking a significant improvement from a loss in the same period last year. The turnaround was driven by cost savings under its Re:Nissan program and favorable currency movements. Consolidated net revenue rose to Y2.96 trillion on global sales of 701,000 units. Despite reducing its FY2026 sales forecast from 3.3 million to 3.15 million units due to a challenging environment in China, Nissan maintained its full-year operating profit target at Y200 billion. The company highlighted strong performance outside of China and ongoing efforts to expand its NEV lineup. Nissan CEO Ivan Espinosa emphasized the need for disciplined execution amid external pressures like rising raw material costs and geopolitical tensions.