Overview
- Nissan, which reported results Wednesday, posted a 533 billion yen annual loss but logged a tiny 58 million yen operating profit and forecast a 20 billion yen net profit for the year through March 2027.
- Nissan said its Re:Nissan plan is closing plants, selling assets and targeting 20,000 job cuts by 2028, with recent steps including consolidating two production lines into one at its Sunderland, U.K., factory.
- Honda disclosed Thursday its first operating loss since 1957 after taking about 2.5 trillion yen in EV-related impairment charges, resulting in a 414.3 billion yen operating loss and a 423.9 billion yen net loss.
- Honda cited U.S. tariffs, reduced EV tax incentives and weaker demand as key drags and is shifting focus toward hybrids and its strong motorcycle unit while expecting a return to profit next fiscal year.
- Analysts say sustained recovery will hinge on product strength in North America and China, execution on cost cuts and new model launches, as the sector also contends with the Middle East conflict and intense price pressure from Chinese brands.