By Kosaku Narioka
Nissan Motor said it expects a narrower annual net loss, even as its global sales continued to slide, citing one-off gains on revised U.S. emissions rules and cost cuts.
The upward revision is the latest piece of welcome news for the Japanese carmaker as it takes a series of restructuring steps to cut costs and address falling sales, including selling its headquarters, cutting jobs and reducing manufacturing sites and global production capacity.
The company on Monday said it reversed a provision related to U.S. emissions regulations after the rules were relaxed. It also attributed the improved estimate to greater cost reductions and favorable foreign-exchange effects. A weak yen makes exports more competitive overseas and boosts the value of profits earned abroad in yen terms.
For the fiscal year ended March, the Japanese company now estimates a net loss of 550.0 billion yen, equivalent to $3.45 billion--smaller than the Y650.0 billion loss forecast earlier.
The trimmed loss estimate is an encouraging sign, after Chief Executive Ivan Espinosa in February said restructuring-related noncash charges were set to hit the company's bottom line.
Earlier this month, the carmaker said it would streamline its global product portfolio to 45 models from 56, and discontinue underperforming models. The company in January agreed to sell its South African plants to Chinese carmaker Chery Automobile.
Nissan has also worked to make its cars more appealing. It recently teamed up with Uber Technologies and U.K. self-driving car startup Wayve to offer robotaxi services. A pilot program in Tokyo is planned for late 2026.
Earlier Monday, Nissan said global sales dropped 4.2% to 3.2 million vehicles for the year ended March.
It now expects an annual operating profit of Y50.0 billion, compared with the Y60 billion operating loss projected previously.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
April 27, 2026 06:21 ET (10:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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