JAKARTA - Japanese automaker Nissan Motor Co. reported a ¥28.3 billion net loss for the October–December quarter, about double the shortfall a year earlier, as restructuring charges and asset writedowns weighed on results.

Announcing the results on February 12 at a briefing in Yokohama, the company said quarterly revenue fell roughly 6% to nearly ¥3 trillion. For the financial year ending March 2026, Nissan projects a ¥650 billion net loss.

Chief executive Ivan Espinosa said the losses reflect planned restructuring, including property sales, workforce reductions and the wind-down of production at the Oppama plant.

“Through the collective efforts of employees company-wide, we are delivering steady progress under Re:Nissan,” Espinosa said. 

“We have announced all seven sites for consolidation within ten months, reflecting disciplined execution and significant advancement on fixed-cost improvements.”

Despite the net loss, Nissan posted a ¥17.5 billion operating profit in the quarter. Its nine-month operating result stood at –¥10.1 billion, while the company raised its full-year operating outlook to –¥60 billion, a ¥215 billion improvement from its previous forecast.

For the nine months through December, revenue totaled ¥8.6 trillion with global sales of 2.26 million vehicles. Nissan reported ¥3.6 trillion in total liquidity, including ¥2.1 trillion in cash, and said it has achieved ¥160 billion in fixed-cost reductions while identifying ¥240 billion in additional savings.

As of mid-2025, Nissan Motor was undergoing a major restructuring that included significant workforce reductions. 

The company reported roughly 133,000 employees globally as of March 2024, and has outlined plans to reduce its workforce by about 20,000 positions between fiscal years 2024 and 2027. That’s equivalent to roughly 15% of its global headcount.