The company announced results for the financial year and final quarter of fiscal year 2025, ending March 2026. Over the year Nissan made a small operating profit of 58 billion yen.
It’s not much, but CEO Ivan Espinosa said last year as he launched the recovery plan known as Re:Nissan that he would do exactly that.
Achieving what he said he would do is as important as actually making some money, for two reasons. It demonstrates he has a good grip of what actually goes on in the organisation and secondly, the cost cutting has been to more or less, the right depth.
That said, 2027 is the year Nissan will close its Oppama plant and that’s going to hurt. It was one of the companys first plants – opening in 1961 – and is more than just a manufacturing facility, it occupies a place in Nissans kokoro – it’s heart.
Back at the good newsstand, there’s more cash in the business, something that worried investors greatly while Espinosas predecessor, Makoto Uchida was serving his last few weeks in charge back in 2025.
This is still a net loss of 533 billion yen (almost 4b USD), but it does represent early signs of a recovery.