Nissan posted its first quarterly net profit in two years as restructuring savings and stronger U.S. sales offset China weakness.
Nissan Motor reported a net profit of ¥3.8 billion for the quarter ended June 30, reversing a ¥115.8 billion loss in the same period last year. The turnaround was driven by ¥60 billion in savings from its Re:Nissan restructuring plan and improved sales in key markets.
Revenue rose 9.5% to ¥2.964 trillion from ¥2.707 trillion a year earlier, while operating profit rebounded to ¥77.9 billion from a ¥79.1 billion loss. One-time gains tied to U.S. tariffs also supported the operating result.
U.S. sales climbed nearly 10% in the quarter, marking 16 straight months of year-over-year growth. In Japan, new models like the Kicks and Elgrand boosted orders, though China remained a drag due to intense competition from domestic EV makers.