You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Badri Ariffin
Nissan Motor has clawed back to profitability in the second quarter, posting its strongest quarterly performance in more than a year. The Japanese automaker recorded an operating profit of 51.5 billion yen ($342 million) for July-September, a 61% jump from 31.9 billion yen a year ago, defying analysts’ expectations of an average 70.9 billion yen loss.
The turnaround comes on the back of aggressive cost-cutting measures and stronger sales in North America. After a first-quarter operating loss, this marks Nissan’s best single-quarter result since the 90.3 billion yen profit in Q4 FY2023.
Streamlined Operations and Strategic Moves
Nissan is deepening its global restructuring efforts, reducing manufacturing plants from 17 to 10 and trimming 15% of its workforce as part of a broad turnaround plan. The automaker is also adjusting production of its best-selling Rogue SUV in Japan due to a shortage of chips from Dutch supplier Nexperia and will halt production at the COMPAS plant in Mexico at the end of November.
Adding to its strategic moves, Nissan concluded a 97 billion yen sale-and-leaseback deal for its global headquarters in Yokohama, strengthening its financial flexibility.
Outlook Remains Challenging
Despite the Q2 bounce, Nissan maintains its forecast for a 275 billion yen annual operating loss through March 2026, citing ongoing U.S. tariff impacts and global supply chain risks.
The recent performance suggests that Nissan’s focus on cost discipline, rationalized production, and product-led growth could pave the way for more stability in the latter half of the fiscal year, even amid broader economic and trade pressures.
PM Modi Pays Tribute to Mahatma Gandhi, Urges People to Support Khadi
PM Modi pays tribute to Mahatma Gandhi on Gandhi Jayanti and urges citizens to support Khadi and the
Amazon Seeks to Offload $8 Billion in Nvidia Chips to Investors
Amazon plans to move $8 billion in Nvidia chips to investors, using a new financing model to strengt
Samsung Raises Galaxy S26 Prices as Memory Chip Costs Rise
Samsung raises Galaxy S26 prices in South Korea as rising memory chip costs put pressure on smartpho
Lewis Hamilton Calls Singapore Grand Prix One of F1's Toughest Races
Lewis Hamilton discusses the demanding Singapore Grand Prix and brings Plus44 and Almave to Singapor
Denmark's Pandora Opens World's Largest Jewellery Factory in Vietnam
Pandora opens its largest jewellery factory in Vietnam, expanding global production, strengthening s
Gautam Gambhir Questions Batting-Friendly Pitches After India's Record ODI Chase
Gautam Gambhir questions batting-friendly ODI pitches after India’s record chase, calling for a bett