Nissan posts first quarterly net profit in two years, keeps annual outlook
The Japanese carmaker returned to profit in the April-June quarter as new models lifted sales in Japan and the U.S., though it cut its full-year global sales forecast because of weakness in China.
Nissan returned to quarterly profitability for the first time in eight quarters, reporting consolidated net profit of 3.7 billion yen, or about $23.6 million, for the April-June 2026 period. Revenue rose 10% from a year earlier to 2.96 trillion yen and operating income reached 77.8 billion yen, reversing from an operating loss of 79.1 billion yen in the same quarter last year, helped by cost cuts, recovering sales in Japan and the U.S., and one-time gains including refunds related to U.S. tariffs. The result beat the average market estimate for a 3.6 billion yen loss. Nissan kept its full-year earnings guidance unchanged, including a forecast for 20 billion yen in net profit on 13 trillion yen in revenue, but lowered its global sales outlook to 3.15 million vehicles from 3.3 million after cutting its China sales forecast to 580,000 vehicles from 710,000. The company said sales showed signs of bottoming in Japan and the U.S. as the new Leaf, Kicks and upcoming Elgrand and Rogue models supported momentum, while restructuring under President Ivan Espinosa, including plant closures and job cuts, has delivered 315 billion yen in cost savings. Risks remain from a deep slowdown in China, higher logistics costs linked to Middle East tensions, and production disruptions after the July 28 Kumamoto earthquake.
- operating income: Profit from core business operations before non-operating items such as financing costs and some one-off gains or losses.
- new-energy vehicles: Vehicles powered partly or fully by alternatives to conventional gasoline engines, including electric and hybrid models.
- ECUs: Electronic control units, the embedded computers that manage functions such as powertrain, braking and other vehicle systems.