Overview
- Nissan reported a small net profit for the April–June quarter on Monday and posted about ¥78 billion in operating profit after cost cuts from its Re:Nissan restructuring.
- The carmaker trimmed its annual global sales target to 3.15 million units but left its full-year revenue and profit guidance unchanged as China and the Middle East remain key headwinds.
- Toyota, which paused output at several plants after the Kumamoto earthquake, raised its fiscal operating-profit outlook to ¥3.4 trillion and unveiled a ¥1 trillion share buyback, citing benefits from a weak yen and resilient hybrid demand.
- Both firms are coping with supply shocks from the Iran-related conflict that have pushed up aluminium and naphtha costs and disrupted shipping routes, while fierce competition from Chinese EV makers is depressing sales in China.
- The near-term risks include lingering supplier damage and disrupted logistics that could extend production halts, plus second-order effects such as faster onshoring, more restructuring and continued pressure on consumer prices and dealer inventories.