Nissan, which is closing factories and shedding thousands of jobs in a major restructuring, said it ended the 2025-26 business year ¥533 billion (US$3.4 billion) in the red.

This followed an even more colossal loss in the previous year of ¥671 billion.

Operating profit in 2025-26 dipped to ¥58 million from ¥69.8 million the year before.

For the current year, Nissan predicted it would eke out a net profit of ¥20 million, an operating profit of ¥200 million and revenues of ¥13 trillion, up from ¥12 trillion.

“In a challenging global operating environment marked by inflationary pressure, tariffs and uneven market performance, Nissan made steady progress under the Re:Nissan plan, strengthening its business foundation and improving operating performance,” it said, referring to its restructuring programme.

“Looking ahead to FY2026, Nissan expects the business environment to remain challenging, with continued pressure from intensifying competition, foreign exchange fluctuations, inflation, and ongoing geopolitical uncertainties,” it added.