Published by Global Banking & Finance Review®
Posted on February 12, 2026
2 min readLast updated: February 12, 2026
Add as preferred source on GoogleNissan's Q3 operating profit fell 44% to 17.5 billion yen, amid strong competition in the US and China, defying analyst expectations of a larger loss.
TOKYO, Feb 12 (Reuters) - Nissan sharply trimmed its outlook for a full-year loss on Thursday after reporting a surprise profit in the third-quarter, in a sign the troubled Japanese automaker's turnaround is gaining traction.
The automaker is struggling to right itself after years of turmoil. Under CEO Ivan Espinosa it has laid out a sweeping turnaround plan that includes reducing its global manufacturing footprint and cutting its workforce by 15%.
It now expects an operating loss of 60 billion yen ($390 million) for the year to the end of March, compared with its previous outlook for a 275 billion yen shortfall.
Espinosa told an earnings briefing that the automaker remained committed to fiscal discipline.
It reported a 44% fall in operating profit to 17.5 billion yen for the October-December quarter, reflecting strong headwinds from U.S. tariffs.
That was, however, better than the 81 billion yen loss in forecast by six analysts in survey by LSEG. Nissan reported a 31.1 billion yen profit in the same period a year earlier.
($1 = 153.0100 yen)
(Reporting by Daniel Leussink; Editing Neil Fullick, David Dolan and Edwina Gibbs)
Operating profit is a company's profit after deducting operating expenses such as wages and cost of goods sold, but before deducting interest and taxes.
A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, often leading to widespread economic disruption.
Corporate profits refer to the earnings of a corporation after all expenses have been deducted from total revenue.
Year-on-year profit comparison is a method of measuring a company's financial performance by comparing its profits in one period to the same period in the previous year.
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