The heavily indebted firm, whose mooted merger with Honda collapsed this year, is slashing jobs and closing factories in an attempt to return to profit.

Today it said it posted a net loss of ¥116 billion (US$784 million), while revenues tumbled almost 10% year-on-year to ¥2.7 trillion.

“(Given) the difficulty in forecasting the business environment surrounding the company at this time, the outlook for operating profit, net income, and auto free cash flow for the fiscal year remains undetermined,” it said.

Like many peers, Nissan is finding it difficult to compete against Chinese electric vehicle brands.

Of Japan’s automakers, Nissan is also seen as the most exposed to US President Donald Trump’s 25% tariff imposed – now cut to 15% – on imported Japanese vehicles.