Nissan Motor reports a net loss of Y221.9bn for the first half of fiscal year 2025 and plans to sell its Yokohama headquarters building. Weak automotive performance and US tariffs cited. Sales revenue down 6.8% to Y5.58trn, operating loss of Y27.6bn, 1.48 million units sold globally.

Nissan projects revenue of Y11.7trn for fiscal year ending March 2026, a 6.4% reduction. Expects to break even at operating level without US tariffs impact. Cost-saving measures targeting Y500bn savings by FY26 underway.

Yokohama headquarters sale part of non-core asset disposal strategy, proceeds to modernize facilities. Re:Nissan programme aims for positive automotive operating profit and free cash flow by fiscal 2026. Identified Y200bn in potential variable cost savings.

Nissan CEO confident in recovery path despite challenges. Fixed cost cuts progressing, Y80bn achieved in first half. Plant site measures and engineering costs improved. Focus on new products, key markets, and breakthrough technologies for future growth.

Read more at Yahoo Finance: Nissan swings to first half loss, to sell Yokohama headquarters