Nissan slashes full year loss forecast following surprise quarterly profit
The Japanese automaker reduced its projected annual operating loss to 60 billion yen. Strong third-quarter results suggest the turnaround plan is working.
Insights:
Nissan Motor Co., Ltd. reported a surprise operating profit for the October–December quarter and sharply trimmed its full-year operating loss outlook, signaling that its restructuring measures are gaining traction. The automaker now expects an operating loss of 60 billion yen for the fiscal year ending in March, a significant reduction from the prior forecast of 275 billion yen. This development materially improves the company's near-term financial outlook as it works through a major strategic transition.
