Nissan Q2 Operating Profit Tumbles 96 Percent as US Emissions Costs Weigh
Nissan's second quarter operating profit collapsed 96 percent year on year to just 2.1 billion yen, badly missing a median analyst forecast of 60.1 billion yen in an LSEG poll. The drop came as a prior year benefit from lower US emissions related expenses fell away, while an earthquake in southern Japan also disrupted operations. Nissan posted a net loss for the first half of its financial year and cut its full year global sales outlook to between 2.97 million and 3.0 million vehicles, citing weaker demand in China, a faster shift to new energy vehicles and intensifying competition. Even so, the company held its full year operating profit forecast at 200 billion yen, pointing to momentum in Japan and North America. Chief executive Ivan Espinosa, in the job since April 2025, continues to cut jobs, capacity and model lines to restore profitability.
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