In the first quarter, Nissan recorded global sales of 707,000 units and consolidated net revenue of 2.7 trillion yen. While improvements in product mix and reductions in fixed costs helped mitigate losses—resulting in a smaller-than-expected operating loss of 79.1 billion yen compared to the earlier forecast of 200 billion yen—the company continued to face headwinds. These included lower sales volumes, adverse exchange rate movements, and the impact of U.S. tariffs. Consequently, the net loss for the period amounted to 115.8 billion yen.

Consolidated Operating loss of -79.1 billion yen, better than forecast including one-time gain
Total liquidity at 3.1 trillion yen and an additional 1.8 trillion yen in unused credit lines
The company has maintained its FY25 net revenue outlook at 12.5 trillion yen. However, given the difficulty in forecasting the business environment surrounding the company at this time, the outlook for operating profit, net income, and auto free cash flow for the fiscal year remains undetermined.

Additionally, the outlook for the second quarter of FY25 is expected to be a consolidated net revenue of 2.8 trillion yen, operating loss of 100 billion yen and negative automotive free cash flow of 350 billion yen.
Nissan president and CEO Ivan Espinosa said: “These results serve as a reminder of the urgency behind our Nissan recovery plan. Over the past quarter, we’ve taken decisive first steps—cutting costs, redefining our product and market strategy, and strengthening key partnerships. We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future.”