Nissan Motor
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Nissan Motor (7201) investor relations material

Nissan Motor Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary12 Feb, 2026

Executive summary

  • Achieved operational progress and advanced the Re:Nissan recovery plan despite challenging sales, with stable US share, weak demand in Japan and Europe, and solid growth in China supported by new NEVs.

  • Q3 FY25 delivered a positive operating profit of ¥17.5 billion, with cost savings offsetting tariff impacts and improved free cash flow versus the previous quarter.

  • Net sales for the nine months ended December 31, 2025, declined 6.2% year-over-year to ¥8,578.0 billion, with global retail sales volume down 5.8% to 2,257 thousand units, despite a 5.3% increase in global industry volume.

  • Operating loss for nine months was ¥10.1 billion, mainly due to U.S. tariffs and unfavorable foreign exchange rates, partially offset by cost reductions.

  • Retail sales outlook for FY25 adjusted to 3.2 million units, with expectations for a strong Q4 finish and narrowing full-year operating loss.

Financial highlights

  • Nine-month net revenue declined to ¥8,578.0 billion, with unit sales down 5.8% year-on-year.

  • Operating loss for nine months was ¥10.1 billion, improving from the first half; net loss reached ¥250.2 billion, mainly due to non-cash impairments and restructuring.

  • Q3 delivered a positive operating profit of ¥17.5 billion, with operating margin at 0.6%.

  • Automotive business posted ¥7.6 trillion in net revenue and a negative free cash flow of ¥691.4 billion.

  • Extraordinary losses increased to ¥224.0 billion, including an ¥80.6 billion impairment loss on fixed assets in Japan.

Outlook and guidance

  • Full-year FY2025 net sales are forecast at ¥11,900.0 billion, down 5.8% from the previous year, but up ¥200 billion from prior guidance.

  • FY25 operating loss forecast narrowed to -¥60.0 billion, with net loss outlook of ¥650.0 billion, mainly due to non-cash restructuring charges and asset impairments.

  • Retail sales volume for FY25 expected at 3.2 million units, a 4.4% decrease year-over-year.

  • Free cash flow expected to return positive in the second half.

  • Basic earnings per share for the full year is forecast at ¥(186.04).

What drove the auto segment's operating loss?
How did accounting changes impact reported loss?
Assess auto business free cash flow trend
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Frequently asked questions

Nissan Motor Co. Ltd is a Japan-based automotive manufacturer engaged in the design, production, and sale of vehicles and automotive parts. The company offers passenger cars, trucks, and commercial vehicles under multiple brand names and operates manufacturing facilities globally. It also provides financing and leasing services through affiliated entities. Nissan Motor Co. Ltd is headquartered in Yokohama, Japan, and its shares are listed on the TSE.

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