Nissan cuts annual loss, targets return to profit by March 2027

Nissan Motor Corp. said May 13, 2026, it narrowed its annual loss and expects to return to profit in the fiscal year ending March 31, 2027, as the automaker pushes cost cuts amid U.S. tariffs, inflation and tougher Chinese competition. The Yokohama-based company reported a 533 billion yen ($3.4 billion) net loss for the year ended March 31, 2026, compared with a 670.9 billion yen loss a year earlier. Sales fell 5% to 12 trillion yen ($76 billion). Nissan sold 3.15 million vehicles globally during the fiscal year. For the January-March quarter, Nissan posted a 282.9 billion yen ($1.8 billion) net loss, narrowing from 676 billion yen a year earlier. Quarterly sales slipped nearly 2% to 3.43 trillion yen ($22 billion). Nissan forecast a 20 billion yen ($127 million) profit for the year ending March 31, 2027. Its shares closed 4% higher.