Financial Forecast and Challenges
Nissan anticipates a loss between 700 billion yen to 750 billion yen for the fiscal year due to declining sales and depreciating asset values, a significant increase from the previously expected 80 billion yen loss.
The company reported over 500 billion yen in asset impairments after reviewing production assets across North America, Latin America, Europe, and Japan, alongside a decline in expected annual sales to 3.35 million vehicles.
Strategic Responses and Future Outlook
Despite the financial downturn, Nissan asserts its strong cash position with an expected net cash of nearly 1.5 trillion yen and liquidity of 3.4 trillion yen, aiming for a turnaround.
New CEO Ivan Espinosa, who succeeded Makoto Uchida, emphasizes agility in Nissan's operations. The company has also discontinued talks with Honda for a joint holding company but will continue collaboration on electric vehicles and smart cars.