Nissan posts Q1 results, reaffirms financial outlook

Nissan Motor Co., Ltd. announced first-quarter results for the period ending June 30, 2026, showing a consolidated operating profit of ¥77.9 billion, a significant improvement of ¥157 billion year-on-year. Global sales reached 701,000 units, while consolidated net revenue rose to ¥2.964 trillion, up ¥257 billion from the prior year. The company attributed the gains to manufacturing cost reductions, favorable foreign exchange, and disciplined cost management, with one-time gains from U.S. tariffs also contributing to profitability.

The company revised its full-year sales volume outlook from 3.3 million units to 3.15 million units, citing a more challenging environment in China. Despite this adjustment, Nissan reaffirmed its full-year financial outlook, citing ongoing cost reductions under its Re:Nissan plan and mitigating factors such as favorable foreign exchange and first-quarter one-time gains. The company emphasized its focus on strengthening competitiveness across key markets, including the U.S., Japan, and China, while adapting to external headwinds like rising raw material costs and geopolitical uncertainty.

In the U.S., Nissan reported nearly 10 percent year-over-year retail sales growth over the past quarter, maintaining its position as the fastest-growing mainstream brand over the past 10 months with 16 consecutive months of growth. The company highlighted the success of its 'Built in the U.S. for the U.S.' strategy. In Japan, new models such as the all-new Kicks and all-new Elgrand saw strong early demand, with cumulative orders reaching 11,000 and 8,000 units, respectively, signaling a potential sales recovery.

Nissan’s Re:Nissan cost-reduction initiatives delivered approximately ¥60 billion in savings during the quarter, primarily through variable cost reductions across manufacturing, purchasing, and R&D. CEO Makoto Uchida stated that while challenges persist in China and the Middle East, the company remains focused on executing its strategy with discipline, improving profitability, and strengthening its long-term resilience. The financial outlook is based on current estimates and remains subject to market uncertainties.