Nissan Motor Co., Ltd. announced Nissan financial results for fiscal year 2025 ending March 31, 2026, reporting positive operating profit of 58.0 billion yen despite challenging global market conditions. The automaker delivered global sales of 3.15 million units with consolidated revenue reaching 12.0 trillion yen, though net income remained negative at 533.1 billion yen.
In a significant recovery signal, automotive free cash flow turned positive in the second half of the fiscal year, reaching 112 billion yen. This marked a substantial improvement from the full-year deficit of 480.8 billion yen, demonstrating early signs of performance stabilization under the Re:Nissan recovery plan.
Operating Performance and Liquidity Position
Nissan’s operating profit margin of 0.5% reflected disciplined cost execution during an inflationary environment marked by tariffs and uneven market performance. The company maintained total liquidity of 3.6 trillion yen through automotive cash and cash equivalents of 2.2 trillion yen, combined with 1.4 trillion yen in loans to sales finance companies. Net cash in the automotive business stood at 1.17 trillion yen as of fiscal year-end.
Fourth quarter results showed consolidated net revenue of 3,429.9 billion yen with operating profit of 68.1 billion yen and an operating margin of 2.0%. Fourth quarter net income was negative at 282.9 billion yen.
Re:Nissan Initiative Progress
During fiscal year 2025, Nissan advanced three core priorities under its recovery strategy. The company made strong progress toward its 500-billion-yen cost reduction target, achieving 200 billion yen in fixed cost savings and 55 billion yen in variable cost reductions. In research and development, Nissan reduced engineering cost per hour by 18 percent, progressing toward its 20 percent target without compromising project timelines.
Production optimization plans include consolidating the global manufacturing footprint from 17 to 10 sites, with execution already underway at seven facilities including production transfers. General and administrative expense reductions continued as planned throughout the year.
Regional Market Strategy and Outlook
Nissan refined its market approach across key regions. In the United States, the company focused on retail-driven sales mix improvements. Japan operations emphasized targeted product launches, while China adopted a more disciplined approach centered on new energy vehicles. Tighter inventory management, more selective channel strategy, and improved marketing precision strengthened overall business focus and value alignment.
CEO Ivan Espinosa stated, “FY2025 marked a year of steady execution under Re:Nissan, where we strengthened our foundation and began to see tangible progress in our financial performance. We have moved beyond recovery and are entering a phase of growth.”
FY2026 Expectations and Strategic Direction
Looking ahead, Nissan expects continued business environment challenges from intensifying competition, foreign exchange fluctuations, inflation, and geopolitical uncertainties. The company committed to achieving positive automotive operating profit and free cash flow by the end of fiscal 2026, excluding tariff impacts. FY2026 represents a transition phase from foundation-building to delivering a structurally stronger business under Re:Nissan, with continued advancement of its Mobility Intelligence vision for everyday life. The company will pursue disciplined cost management and faster product execution to drive sales growth and profitability while evolving the customer experience.
