Peter Lyon
November 9, 2025
Nissan Motor Co., Ltd. announced financial results for the six months ended September 30, 2025, and issued a full-year outlook that confirms Operating Profit breakeven excluding tariff impacts.
This news is surprising because it was only ten or so months ago that rumors circulated that Nissan may go bankrupt by early 2026.
In the first half, Nissan’s global sales were 1.48 million units and consolidated net revenue totaled 5.6 trillion yen with an operating loss of 27.7 billion yen. The company recorded a net loss of 221.9 billion yen, primarily due to lower income from equity-method companies’ impairments and restructuring costs.
Nissan reported a robust financial position with total liquidity of 3.6 trillion yen, including 2.2 trillion yen in gross cash as of September.
Alongside its first-half results, Nissan provided an update on its ongoing Re:Nissan plan, reaffirming its commitment to achieve positive automotive operating profit and free cash flow by fiscal year 2026.
The company has identified 200 billion yen in potential variable cost savings, driven by many innovative ideas moving from concept to implementation.
Fixed cost reductions are advancing rapidly. Nissan has delivered over 80 billion yen in the first half and is on track to exceed 150 billion yen by the end of the fiscal year, with confidence that it will surpass its 250-billion-yen target by fiscal 2026. Six of seven plant site actions are complete, engineering cost-per-hour improvement stands at 12% toward a 20% goal, alongside significant reductions in parts complexity.
Non-core assets are being optimized, including the sale-and-leaseback of Nissan’s global headquarters in Yokohama. As part of the transaction, Nissan will enter into a 20-year leaseback agreement, ensuring no impact on employees or operations and reaffirming the company’s long-term commitment to Yokohama. Proceeds from the sale will be reinvested to modernize facilities and support future growth under the Re:Nissan plan.
Nissan is now shifting focus to the next phase: redefining its product-market strategy and reinforcing partnerships. Momentum is building with strong recognition for new-generation models like LEAF and Roox, with more launches planned through fiscal 2027. This strategy ensures innovation and customer appeal across key markets, driving sustainable growth.
Ivan Espinosa, Nissan’s president and chief executive, stated: “Our first-half results reflect the challenges we face, yet they confirm that Nissan is firmly on the path to recovery. The second half will bring its own hurdles, but with focus, discipline, and the actions underway, I am confident we will deliver stronger results. Balancing optimism with prudent risk management under Re:Nissan, we are accelerating toward the future—prioritizing new products, key markets, and breakthrough technologies that will define Nissan’s next chapter.”
