Nissan reported an operating profit of ¥80.0 billion for the first six months of the fiscal year ended September, a ¥107.7 billion improvement from the loss recorded in the same period a year earlier. In its first-half earnings announcement released in November, the automaker maintained its full-year operating profit forecast of ¥200 billion but lowered its global sales outlook for fiscal 2026, citing softer demand, a faster-than-expected transition to new energy vehicles (NEVs), and intensifying competition in China.
The company said the improvement in operating profit was driven by structural reforms and cost-cutting measures implemented under its Re:Nissan turnaround plan, which generated ¥110 billion in additional savings during the first half. Nissan noted that the results are presented using the equity accounting method for its China joint venture.
Second-quarter revenue increased 8.2% year over year to ¥3.11 trillion, while operating profit declined to ¥2.1 billion from ¥51.5 billion in the same period last year. Nissan said the decrease was primarily attributable to the absence of a one-time benefit related to lower U.S. emissions compliance costs that supported results a year earlier. The company’s net loss for the quarter narrowed to ¥43.5 billion, compared with ¥106.2 billion in the prior-year period.
Nissan reported approximately ¥800 billion in automotive net cash and ¥2.2 trillion in cash and cash equivalents at the end of the quarter.
While the automaker raised its sales forecasts for the United States and Japan, it warned that softer market demand, a more rapid transition to new energy vehicles, and intensifying competition in China are creating greater pressure on sales than previously anticipated. In response, Nissan is reducing internal combustion engine production and dealer inventory in China while accelerating the rollout of its N-series NEV lineup and increasing export activities.
For the second half of the fiscal year, Nissan forecasts operating profit of ¥120 billion, supported by higher sales volumes, the introduction of new models, and a more favorable product mix.
Among the products Nissan plans to introduce in the second half are the Rogue Hybrid in the United States, the Frontier Pro plug-in hybrid in Mexico, and the Pixo electric vehicle in Europe. The company also confirmed that the Juke EV is among the additional models scheduled to be unveiled.
“In the second half, we expect momentum in Mexico and new opportunities from our EV offensive in Europe,” CEO Ivan Espinosa said.
The automaker also plans to unveil a new business strategy in February 2027.
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