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Nissan Motor Co., Ltd. announced its financial results for both the full year and fourth quarter of fiscal 2025, which ended on March 31, 2026.
Despite a difficult global environment affected by inflation, tariffs, and inconsistent market conditions, the company continued to advance its Re:Nissan strategy, reinforcing its operational base and improving overall business performance.
Full Year Financial Results
Over the course of the fiscal year, Nissan recorded an operating profit of 58.0 billion yen, representing a modest 0.5% margin, driven largely by strict execution discipline and continued cost optimization efforts.
The company achieved global sales of 3.15 million vehicles and generated consolidated revenue of 12.0 trillion yen. Despite this, it still posted a net loss of 533.1 billion yen for the period.
Automotive free cash flow remained under pressure, ending the year at a negative 480.8 billion yen. However, momentum improved in the latter half, where cash flow turned positive and reached 112 billion yen, signaling a gradual stabilization trend.
By the end of the fiscal year, the automotive division held net cash of 1.17 trillion yen, alongside 2.2 trillion yen in cash and equivalents. When including 1.4 trillion yen in financing provided to sales finance subsidiaries, overall liquidity amounted to 3.6 trillion yen, reinforcing the company’s financial buffer amid continued market uncertainty.
Fourth Quarter Financial Highlights
During the fourth quarter of fiscal 2025, Nissan recorded consolidated net revenue of 3,429.9 billion yen, with operating profit reaching 68.1 billion yen, reflecting an operating margin of 2%. However, the company reported a net loss of 282.9 billion yen for the quarter.
Fiscal Year 2026 Outlook
Looking ahead to fiscal year 2026, Nissan anticipates that the operating landscape will stay difficult, shaped by stronger competition, currency volatility, inflationary pressures, and persistent geopolitical risks.
In response, the company will continue executing its Re:Nissan transformation plan, while maintaining its target of returning to positive automotive operating profit and free cash flow by the end of FY2026, excluding tariff-related impacts.
Re:Nissan Progress
During fiscal year 2025, Nissan continued to advance its Re:Nissan transformation by steadily implementing core initiatives focused on three main areas: streamlining its cost base, reshaping its product and market approach, and strengthening strategic partnership.
Significant progress was achieved toward the 500-billion-yen cost-cutting objective, including savings of 200 billion yen in fixed costs and 55 billion yen in variable expenses.
In production, the company continued optimizing its global footprint, announcing a reduction from 17 manufacturing sites to 10, with implementation already in progress across seven locations, including the transfer of production activities.
Within R&D, engineering cost per hour declined by 18%, moving closer to the 20% target while maintaining project continuity. At the same time, reductions in general and administrative expenses remain on track.
Business quality also improved across key markets: the U.S. benefited from a stronger retail-focused sales mix, Japan saw momentum driven by targeted product launches, and China shifted toward a more disciplined NEV-led strategy.
During fiscal year 2026, Nissan Motor Co., Ltd. will continue building on its previous results by tightening cost control and accelerating product launches, supporting sales growth and improved profitability under the Re:Nissan plan. The company is also working to enhance the customer experience in line with its strategic direction. For the latest updates in the automotive world, visit Motory Car News section.
