Nissan Narrows Annual Loss to 533 Billion Yen but Revenue Falls 5 Percent and Forecasts Modest Profit

Nissan reported a net loss of 533 billion yen for the fiscal year ending March 31 2026, an improvement from the 671 billion yen loss recorded the previous year, Fortune reported. Revenue reached 12 trillion yen, a 5 percent decline. The company forecasts a 20 billion yen net profit for the next fiscal year.

Ivan Espinosa became chief executive a few days before mid-April 2025 after Makoto Uchida stepped down. Uchida left following the collapse of merger talks with Honda that began in December 2024 and ended by February 2025 when Honda proposed making Nissan a subsidiary. Espinosa is the fourth CEO in eight years at the company founded in 1933.

Nissan’s revenue grew just 0.4 percent between fiscal 2017 and fiscal 2025, compared with 63 percent growth at Toyota Motor over the same span. In May 2025 Espinosa announced the Re:NISSAN plan, which targets 500 billion yen in cost reductions, an operating profit by early 2027, the elimination of 20,000 jobs, and a reduction of plants from 17 to 10.

The company has since closed its Kanagawa plant, opened in 1961, and sold facilities in South Africa and Mexico.

Espinosa joined Nissan in 2003 as a product specialist in Mexico and later reduced new-model development time from 4.5 years to just over two years. The company developed its N7 electric sedan with Dongfeng in 24 months; monthly deliveries reached 10,148 units by August 2025. U.S.

Tariffs on Japanese cars, initially raised to 27.5 percent, were later negotiated down to 15 percent. Nissan shares have fallen 45 percent over the past five years. At the June annual meeting shareholders rejected the reappointment of one independent director and proposed several motions concerning Espinosa’s role.