Nissan narrows annual net loss forecast to ¥550 billion after cost cuts and rule changes
Updated
Updated · The Wall Street Journal · Apr 27
Nissan narrows annual net loss forecast to ¥550 billion after cost cuts and rule changes
12 articles · Updated · The Wall Street Journal · Apr 27
Nissan now expects a ¥550 billion net loss for the fiscal year ended March, down from a ¥650 billion forecast, citing relaxed U.S. emissions rules, cost reductions, and favorable currency effects.
The company also projects a ¥50 billion operating profit instead of a ¥60 billion loss, reflecting restructuring efforts such as job cuts, plant sales, and a streamlined product lineup.
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