Nissan Motor announced its first-quarter results for the fiscal year ending March 2027, posting an operating profit of 77.8 billion yen, a turnaround from an operating loss of 79.1 billion yen in the same period a year earlier. Revenue rose 9.5 percent year on year to 2.9642 trillion yen, ordinary profit was 49 billion yen, and quarterly net profit attributable to owners of the parent was 3.7 billion yen. The main drivers of the return to profitability were currency movements and cost reductions, while global retail volume fell 0.9 percent to 701,000 units, showing that sales have not grown. By segment, the automobile business posted a loss of 17.7 billion yen, while the sales finance business posted a profit of 86.1 billion yen, continuing a structure in which sales finance, which accounts for about 10 percent of revenue, generates nearly all of the group's profit. Full-year forecasts are for revenue of 13 trillion yen, operating profit of 200 billion yen, and net profit of 20 billion yen, with the first-quarter operating profit progress rate reaching 38.9 percent.
Nissan Motor Co., Ltd.Return to operating profit of 77.8 billion yen from a loss, driven by currency and cost cuts, though sales volume declined.
