In May this year, Nissan announced its Re:Nissan recovery plan which is meant to return the company to profitability and positive free cash flow by fiscal 2026. In addition to aligning product offerings with market realities, the Japanese carmaker has said it will revise its global production capacity downwards and consolidate production sites.
Recently, the company announced its financial results for the three months ending June 30, 2025, which is the first quarter of fiscal year 2025 (FY25) that starts from April 1, 2025. While the numbers don’t look good, the company says they are better than what was forecasted and indicative of the Re:Nissan plan’s progress.
Starting with revenue, the company posted 2.7 trillion yen in Q1 FY25, which is 10% down compared to the same period in the previous financial year (Q1 FY24). The company also faced an operating loss of 79.1 billion yen that contributed to a net loss of 115.8 billion yen.
Nissan says in its release that it will maintain its FY25 net revenue outlook at 12.5 trillion yen, although it isn’t revealing expected operating profit, net income and automotive free cash flow “given the difficulty in forecasting the business environment surrounding the company at this time.”
For Q2 FY2025 ending September 30, 2025, the outlook is expected to be a consolidated net revenue of 2.8 trillion yen, an even higher operating loss of 100 billion yen and negative automotive free cash flow of 350 billion yen.
“These results serve as a reminder of the urgency behind our Re: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,” said Ivan Espinosa, president and CEO of Nissan.
In terms of global vehicle sales, Nissan has delivered a total of 1,613,797 units in the first six months of this year, which is 5.7% less than the 1,711,705 units recorded for the same period in 2024. Total exports from Japan are also down 17.8% from 193,169 units from January to June last year to 158,859 units in 2025. As for global vehicle production, 1,439,040 units were produced from January to June 2025, which is 10.8% less than the 1,614,112 units recorded in the same period in 2024.
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lesson to learn : even selling 1.7million vehicles doesn’t mean the car company can make lots of profits. instead big loss. why ? the supply chain strength and amount owed or committed to supply chain for a car model lifetime. the selling of cars is not just a company assemble and manufacture the car. but the whole supply chain that made up the car. the car maker dont make all the parts in the car. it have many part supplier. they need this supplier to help keep cost low and commit to changes in production qt. perhaps in this case plant shut down and reduced qty shipped.. which supplier may impose remedial fee for loss of business… this kind of relationship is common in this industry… hidden liability