Japan’s Nissan sees profit for latest quarter but warns of Middle East and China woes
Summary
Nissan Motor Corp. reported a profit of 3.8 billion yen ($24 million) in the first quarter of 2026, after losses in previous years. The company credited cost cutting and better sales in the U.S. and Japan but faces challenges in the Middle East and China.Key Facts
- Nissan made a profit of 3.8 billion yen ($24 million) from January to March 2026.
- This is a big change from a loss of 115.8 billion yen a year earlier in the same period.
- Sales rose by 9.5% to 2.96 trillion yen ($19 billion) in the quarter.
- Problems in the Middle East include the war in Iran, which affected exports through the Strait of Hormuz.
- Competition from Chinese car makers hurt Nissan’s sales in China.
- Nissan lowered its full-year sales estimate to 3.15 million vehicles, down from 3.3 million.
- An earthquake in Kumamoto, Japan, caused production delays affecting about 5,000 cars.
- Tariffs set by President Donald Trump have been reduced from 27.5% to 15%, but are still higher than before.
- Nissan expects a full fiscal year profit of 20 billion yen ($127 million) on sales of 13 trillion yen ($83 billion).
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