Japan's Nissan sees profit for latest quarter but warns of Middle East and China woes

TOKYO (AP) — Nissan Motor Corp. reported Monday that it returned to nett successful the archetypal 4th of the year, helped by outgo cutting measures and improved income successful immoderate markets.

Nissan, based successful the larboard metropolis of Yokohama, said it recorded a 3.8 cardinal yen ($24 million) nett net January-March, a reversal from the 115.8 cardinal yen nonaccomplishment it racked up successful the aforesaid play of 2025.

Quarterly income totaled 2.96 trillion yen ($19 billion), up 9.5% from 2.7 trillion yen a twelvemonth earlier.

Nissan has been successful the reddish for the past 2 fiscal years, posting billions of dollars successful losses, but its enactment has promised to instrumentality it to nett successful this fiscal year, which ends successful March 2027.

Chief Executive Ivan Espinosa told reporters outgo simplification efforts were gaining momentum. But difficulties stay successful immoderate planetary markets similar the Middle East, portion income were increasing successful the U.S. and Japan, helium said.

"We are managing disruption wherever it exists, gathering momentum wherever we spot opportunity," Espinosa said.

The warfare successful Iran has precocious efficaciously closed the Strait of Hormuz, a cardinal way for Japan's exports to the Middle East.

Nissan's income person suffered successful China due to the fact that of fierce contention from Chinese automakers that person taken the pb successful electrification.

The shaper of Leaf electrical vehicles and Infiniti luxury models lowered its yearly income projection to 3.15 cardinal vehicles, connected a par with the twelvemonth earlier and down from an earlier forecast of 3.3 cardinal units, mostly due to the fact that of the problems successful China.

Nissan is allied with Renault SA of France and Mitsubishi Motors Corp. of Japan and besides has a concern with Japanese rival Honda Motor Co., sharing exertion and immoderate parts.

Espinosa said accumulation lines were partially stalled owed to the magnitude 7.1 earthquake that struck Kumamoto, southwestern Japan, past week. But nary employees were wounded and nary facilities, including those of Nissan's partners, were damaged.

The disruption is expected to past until Wednesday and impact 5,000 vehicles, helium said.

In the U.S., Japanese automakers are dealing with the antagonistic interaction from tariffs imposed by President Donald Trump. After negotiations the tariffs were lowered to 15% from an archetypal 27.5% rate. They stay higher than earlier 2.5% rate.

Higher worldly costs are different challenge.

Nissan stuck to its earlier forecasts for a 20 cardinal yen ($127 million) nett connected 13 trillion yen ($83 billion) successful income successful this fiscal year.

"Our absorption is unchanged: Creating worth for customers, improving profitability and escaped currency flow, and gathering a stronger, much resilient Nissan for the agelong term," Espinosa said.

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Yuri Kageyama is connected Threads: https://www.threads.com/@yurikageyama