Nissan Reports First-Half Results and Forecasts Stronger Second Half in Fiscal 2025
YOKOHAMA, Japan – Nissan Motor Co., Ltd. announced its financial results for the six months ending September 30, 2025. The company also issued a full-year outlook projecting an operating profit breakeven, excluding tariff impacts.
First-Half Financial Overview
During the first half of fiscal 2025, Nissan’s global vehicle sales reached 1.48 million units. Consolidated net revenue totaled 5.6 trillion yen, while the operating loss was contained to 27.7 billion yen. These results reflect steady progress in the Re:Nissan recovery plan and the continued success of its cost optimization strategy.
Loss Factors and Financial Strength
The company reported a net loss of 221.9 billion yen, mainly due to lower income from equity-method investments, impairment losses, and restructuring expenses. Despite this, Nissan maintained a solid financial position with total liquidity of 3.6 trillion yen, including 2.2 trillion yen in gross cash as of the end of September 2025.
Recovery and Outlook
- The Re:Nissan recovery plan continues to gain traction.
- Cost-saving initiatives remain on schedule, aiming for 500 billion yen in savings by fiscal year 2026.
- Strong demand for new models is anticipated to drive a rebound in the second half of fiscal 2025.
Exchange Rate and Basis of Calculation
Financial results were calculated using the equity accounting method for Nissan’s joint venture in China. Figures are based on average foreign exchange rates of JPY 146 per USD and JPY 168 per EUR for the first half of fiscal 2025.
Statement from Nissan
“We expect to achieve operating profit breakeven for the full year before the impact of tariffs,” the company stated, emphasizing its confidence in the recovery plan and second-half momentum.
Second-Quarter Results Summary
The results for the second quarter of fiscal 2025, also based on the equity method for the China joint venture, confirmed Nissan’s improving financial trajectory under its restructuring initiatives and product-driven growth plan.
Author’s Summary
Nissan’s first-half fiscal 2025 performance shows controlled losses, financial resilience, and optimistic projections for a rebound led by new product demand and cost-cutting measures.