Nissan swung to a ¥77.9 billion ($487 million) operating profit in the quarter through June 30, 2026, reversing a year-earlier loss, even as it cut its full-year sales target to 3.15 million vehicles.
The Yokohama-based automaker posted consolidated net revenue of ¥2.964 trillion ($18.5 billion), up ¥257 billion from the same quarter last year, on global sales of 701,000 units. Net income returned to positive territory at ¥3.8 billion, a swing of ¥119.5 billion from the prior year’s loss. The company credited manufacturing and vehicle cost cuts, favorable exchange rates, stronger sales, and one-time gains tied to 2025 U.S. tariffs.
Nissan lowered its full-year sales forecast from 3.3 million units to 3.15 million, a cut of roughly 4.5 percent, citing a tougher environment in China and geopolitical uncertainty in the Middle East. The company left its financial outlook for the rest of the year unchanged, saying cost discipline and foreign exchange gains should offset the weaker volume target.
Chief executive Ivan Espinosa said the company’s “direction is clear” despite the pressures in China and the Middle East, pointing to cost cuts and product launches as the basis for holding the annual forecast.
Performance varied sharply by region. In the United States, Nissan sales grew nearly 10 percent for the quarter under its “Built in the U.S. for the U.S.” push, and the company said it has posted 16 straight months of year-over-year retail growth there. In Japan, new orders for the redesigned Kicks and Elgrand models reached 11,000 and 8,000 units respectively, an early sign of a sales recovery. In China, Nissan is cutting inventory and shifting toward new energy vehicles, including the N6, N7, and NX8 models, while expanding exports, a strategy the company says will support growth from 2027.
The turnaround is tied to Nissan’s Re:Nissan restructuring plan, which delivered about ¥60 billion in first-quarter savings, mainly through lower variable costs across manufacturing, purchasing, and research and development.
