Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
580
¥ hundred millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFull fiscal year ending March 2026 (fiscal 2025)13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥120,079 hundred million-4.9%
Operating profit¥580 hundred million-16.9%
Ordinary income¥11 hundred million-99.5%
Net income¥-5,331 hundred million
Operating profit margin0.5 %
Results for the three months of the current quarter
Net Sales
¥34,299 hundred million-1.7%
Operating profit
¥681 hundred million
Operating profit margin
2 %
Net income
¥-2,829 hundred million
yoy_change3,932
Full-year earnings forecast
Net Sales
¥130,000 hundred million
Operating profit
¥2,000 hundred million
Net income
¥200 hundred million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved a return to profitability ahead of planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
FY2025 operating profit
Foreign Exchange-217
Raw Materials-50
Tariffs-2,860
Sales performance-350
Manufacturing costs2,270
Inflation-950
One-time1,483
Other556
FY2026 operating profit outlook
Foreign Exchange-200
Raw Materials-850
Tariffs300
Sales performance1,550
Manufacturing costs3,400
Inflation-1,480
One-time-700
Other-600
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Dollar-yen
¥150
EUR/JPY
¥175
New initiatives
- Launch of new models in FY2026 (including NX8, Tecton, Elgrand, Rogue e-POWER and Kicks)
- Tokyo robotaxi collaboration with Wayve and Uber
- U.S. all-solid-state battery partnership with LiCAP
- Adoption of Huawei smart cockpit technology
- Consolidation of production locations from 17 to 10
Key KPIsA metric the company considers important as a management benchmark.
- Global retail sales volume3,151 thousand units-5.8%
- Global production volume2,903 thousand units-6.4%
- Consolidated vehicle sales volume2,435 thousand units-8.4%
- Free cash flow from the automotive business¥-4,808 hundred million
- Net cash in the automotive business¥11,704 hundred million
- Marketing efficiency14 % improvement
- Market share (GCC countries)10.7 %
Segment results
Japan
Net Sales
¥43,227 hundred million-11.0%
Operating profit
¥54 hundred million-96.0%
North America
Net Sales
¥69,583 hundred million-2.9%
Operating profit
¥687 hundred million
Europe
Net Sales
¥17,176 hundred million-4.0%
Operating profit
¥-541 hundred million
Asia
Net Sales
¥13,032 hundred million-20.9%
Operating profit
¥313 hundred million-45.3%
Other regions
Net Sales
¥15,568 hundred million+0.8%
Operating profit
¥-52 hundred million
Medium-term management plan targets
Plan nameRe:Nissan
TargetAchieve positive operating profit and free cash flow in the automotive business by the end of FY2026, excluding the impact of tariffs
Cost improvement target
¥5,000 hundred million
StandardCompared with FY2024 actual results
Actual results
Fixed-Cost Reduction
¥2,000 hundred million
Variable-cost reduction
¥550 hundred million
Engineering cost reduction
18 %
Financial targets
Equity ratio
Actual results24.2 %
Market Size / Share
Share
- MexicoNo. 1 for 18 consecutive years
- GCC countries10.7 %
- China N65 % segment share
Number of stores and locations
Number of production locations
17 Location
Plan10
Number of locations announced during the period7
Number of employees
Reduction plan20,000 people
PeriodBy fiscal 2027
Capital expenditures
¥4,992 hundred million
Annual Dividend
FY2026 forecast
Annual
¥0 per share
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Full fiscal year ending March 2026 (fiscal 2025) |
| Net Sales | ¥120,079 hundred million (YoY -4.9%) |
| Operating profit | ¥580 hundred million (YoY -16.9%) |
| Ordinary income | ¥11 hundred million (YoY -99.5%) |
| Net income | ¥-5,331 hundred million |
| Operating profit margin | 0.5 % |
| Results for the three months of the current quarter | Net Sales ¥34,299 hundred million (YoY -1.7%) / Operating profit ¥681 hundred million / Operating profit margin 2 % / Net income ¥-2,829 hundred million |
| Full-year earnings forecast | Net Sales ¥130,000 hundred million / Operating profit ¥2,000 hundred million / Net income ¥200 hundred million |
| Self-assessment against the plan | Achieved a return to profitability ahead of plan |
| Segment results | Japan Net Sales ¥43,227 hundred million (YoY -11.0%) / Operating profit ¥54 hundred million (YoY -96.0%) / North America Net Sales ¥69,583 hundred million (YoY -2.9%) / Operating profit ¥687 hundred million / Europe Net Sales ¥17,176 hundred million (YoY -4.0%) / Operating profit ¥-541 hundred million / Asia Net Sales ¥13,032 hundred million (YoY -20.9%) / Operating profit ¥313 hundred million (YoY -45.3%) / Other regions Net Sales ¥15,568 hundred million (YoY +0.8%) / Operating profit ¥-52 hundred million |
| Breakdown of Factors Affecting the Change | FY2025 operating profit Foreign Exchange -217 / Raw Materials -50 / Tariffs -2,860 / Sales performance -350 / Manufacturing costs 2,270 / Inflation -950 / One-time 1,483 / Other 556 / FY2026 operating profit outlook Foreign Exchange -200 / Raw Materials -850 / Tariffs 300 / Sales performance 1,550 / Manufacturing costs 3,400 / Inflation -1,480 / One-time -700 / Other -600 |
| Key KPIs | Global retail sales volume 3,151 thousand units (YoY -5.8%), Global production volume 2,903 thousand units (YoY -6.4%), Consolidated vehicle sales volume 2,435 thousand units (YoY -8.4%), Free cash flow from the automotive business ¥-4,808 hundred million, Net cash in the automotive business ¥11,704 hundred million, Marketing efficiency 14 % improvement, Market share (GCC countries) 10.7 % |
| Number of stores and locations | Number of production locations 17 Location / Number of locations announced during the period 7 |
| Number of employees | Reduction plan 20,000 people / Period By fiscal 2027 |
| Assumptions Underlying the Business Outlook | Dollar-yen ¥150 / EUR/JPY ¥175 |
| Medium-term management plan targets | Plan name Re:Nissan / Target Achieve positive operating profit and free cash flow in the automotive business by the end of FY2026, excluding the impact of tariffs / Cost improvement target ¥5,000 hundred million / Actual results Fixed-Cost Reduction ¥2,000 hundred million / Variable-cost reduction ¥550 hundred million / Engineering cost reduction 18 % |
| Financial targets | Equity ratio Actual results 24.2 % |
| Annual Dividend | FY2026 forecast Annual ¥0 per share / Interim Not disclosed / End of period Not disclosed |
| Capital expenditures | ¥4,992 hundred million |
| Market Size / Share | Market Size Not disclosed / Share Mexico No. 1 for 18 consecutive years, GCC countries 10.7 %, China N6 5 % segment share |
| New initiatives | Launch of new models in FY2026 (including NX8, Tecton, Elgrand, Rogue e-POWER and Kicks), Tokyo robotaxi collaboration with Wayve and Uber, U.S. all-solid-state battery partnership with LiCAP, Adoption of Huawei smart cockpit technology, Consolidation of production locations from 17 to 10 |
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Tariffs, inflationary pressure, intensifying competition, volatile market conditions, foreign-exchange fluctuations and geopolitical uncertainty were cited as factors contributing to the challenging business environment. Factors behind the improvement in FY2025 included fixed-cost and variable-cost reductions, working-capital recovery and a one-time change in the estimate for product warranty provisions.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.