Positive operating profit of 58 billion yen for the full year; steady progress
Positive auto free cash flow in the second half, reaching 112 billion yen
Re:Nissan on target to deliver on commitments
Nissan Motor Co., Ltd. announced financial results for the full year and the fourth quarter of fiscal year 2025, ending March 31, 2026.
In a challenging global operating environment marked by inflationary pressure, tariffs, and uneven market performance, Nissan made steady progress under the Re:Nissan plan, strengthening its business foundation and improving operating performance.
Full year financial results
For the full year, Nissan delivered positive operating profit of 58.0 billion yen, with a margin of 0.5% driven by disciplined execution and cost control.
Global sales totaled 3.15 million units, and consolidated revenue reached 12.0 trillion yen. Net income remained negative at 533.1 billion yen.
Automotive free cash flow for the full fiscal year was negative at 480.8 billion yen. However, performance improved significantly in the second half, with free cash flow turning positive and reaching 112 billion yen, indicating early signs of recovery.
As of fiscal year-end, net cash in the automotive business stood at 1.17 trillion yen. Automotive cash and cash equivalents are 2.2 trillion yen, and together with 1.4 trillion yen in loans to sales finance companies, the company is maintaining total liquidity of 3.6 trillion yen, supporting resilience amid ongoing uncertainty.
Fourth quarter financial highlights
In the fourth quarter of fiscal year 2025, consolidated net revenue was 3,429.9 billion yen, consolidated operating profit was 68.1 billion yen, and operating profit margin was 2.0%. Net income1 in the fourth quarter was negative at 282.9 billion yen.
FY2026 outlook
Looking ahead to FY2026, Nissan expects the business environment to remain challenging, with continued pressure from intensifying competition, foreign exchange fluctuations, inflation, and ongoing geopolitical uncertainties. Against this backdrop, the company will continue to advance its Re:Nissan initiatives and remains committed to achieving positive automotive operating profit and free cash flow by the end of FY2026, excluding the impact of tariffs.
Re:Nissan Progress
In fiscal year 2025, the company made steady progress in executing the key initiatives under the Re:Nissan plan across three priorities – reducing cost structure, redefining product & market strategy and reinforcing partnerships:
– Made strong progress toward the 500-billion-yen cost reduction target, including 200 billion yen in fixed cost and 55 billion yen in variable cost savings.
– Advanced production optimization, with plans announced to consolidate the global manufacturing footprint from 17 to 10 sites. Execution across seven sites is underway, including production transfers.
– In R&D, achieved an 18 percent reduction in engineering cost per hour, progressing toward the 20 percent target without impacting projects.
– General and administrative expense reductions continue to progress as planned.
– Quality of business improving in the U.S. through retail-driven mix; driving Japan sales through focused launches; and a more targeted NEV-led approach in China, reinforcing disciplined market participation.
