Nissan Revises FY24 Loss Forecast to 750 Billion Yen

Nissan Motor Co. has sharply revised its financial outlook, now expecting a record net loss of 700-750 billion yen for the fiscal year ending March 2025, a significant increase from previous estimates due to major asset impairments and persistent sales declines. The loss is primarily attributed to the deteriorating value of assets across multiple regions and ongoing challenges in a competitive global market, particularly in the U.S. and China, where sales have slumped. Nissan's global production and sales both declined over the past year, with notable drops in both domestic and international output and exports. Despite these setbacks, the company maintains a robust cash position, with nearly 1.5 trillion yen in net cash and total liquidity reserves of 3.4 trillion yen. CEO Ivan Espinosa emphasized Nissan's commitment to a turnaround, citing a strong product pipeline and financial resources to support recovery efforts. The company will release its full-year results on May 13, 2025.