Core Insights - Mobilize Financial Services achieved a 3.8% increase in new financing in the first half of 2025 compared to the same period in 2024, reflecting strong commercial dynamics and growth in vehicle registrations [1][8] - The pre-tax profit rose by 9.7%, indicating the effectiveness of the company's strategy and commitment to sustainable mobility [2][15] - The penetration rate for electric vehicles reached 43.9%, a significant increase of 6.5 points compared to other motorization types [7][9] Commercial Performance - A total of 632,994 contracts were financed in the first half of 2025, showing a slight increase of 0.8% from the previous year [7][10] - The financing activity for used vehicles saw a minor decline of 0.4%, with 153,759 contracts financed [10] - Mobilize Lease&Co financed 120,039 operational leasing contracts, achieving a fleet under management of 655,000 vehicles, a growth of 4% [11] Financial Performance - The Net Banking Income (NBI) reached 1,132 million euros, up 5.3% year-on-year, driven by improved financial margins and increased outstanding loans [13] - Operating costs amounted to 389 million euros, reflecting a stable operating expense ratio of 1.33% relative to Average Productive Assets [14] - The Average Performing Assets (APAs) grew to 58.9 billion euros, a 7.3% increase compared to the same period in 2024 [12] Market Context - The automotive market experienced a slight growth of 0.7%, with Renault Group, Nissan, and Mitsubishi selling 1.19 million vehicles, a 2.3% increase from the first half of 2024 [8] - The overall penetration rate for financing stood at 39.6%, a slight decrease of 0.4 points compared to the previous year [9] Financing Strategy - The company raised 1.3 billion euros in the bond market during the first half of 2025, enhancing the maturity profile of subordinated debt [15] - In the securitization market, 624 million euros in automobile loan-backed securities were placed, with extensions on revolving periods for certain transactions [16] - The savings collection activity reached 30.5 billion euros, representing 49.1% of net assets, highlighting the diversification of financing sources [17][23]

Core Viewpoint - Nissan has reported significant financial losses for the first quarter of the 2025 fiscal year, attributing these losses to currency fluctuations and U.S. tariff policies, alongside a decline in global sales, particularly in the Chinese market [1][3][11]. Financial Performance - Nissan's net sales for the first quarter amounted to 2.7 trillion yen, a year-on-year decrease of 9.7% [1]. - The company recorded a net loss of 115.76 billion yen, a shift from a net profit of 28.56 billion yen in the same period last year [1]. - Operating losses reached 79.1 billion yen, compared to an operating income of 9.95 billion yen in the previous year [1]. Sales and Market Performance - Global retail sales for Nissan fell to 707,000 units, a decline of 10.1% year-on-year [3]. - In the Chinese market, Nissan's sales dropped by 27.5%, highlighting intense competition and a shrinking non-luxury joint venture segment [3]. - The U.S. market remains Nissan's largest, contributing 1.08 trillion yen, but saw a year-on-year decline of 10.23% [6]. Regional Sales Breakdown - Sales in Asia, including China, saw the largest decline, with net sales of 135.6 billion yen, down nearly 30% [7]. - The company plans to integrate powertrain production capacity and export models manufactured in China to overseas markets [7]. Electric Vehicle Strategy - Nissan has launched its first self-developed pure electric model, the N7, in China, with a total of over 10,000 units delivered within a month and a half of its launch [8]. - The company aims to introduce 10 new electric models in China by summer 2027, expanding its product offerings across various vehicle types [8]. Cost-Cutting and Restructuring Plans - Nissan has initiated a revival plan named "Re:Nissan," which includes cost optimization measures such as laying off 20,000 employees and closing seven global factories [9][10]. - The company expects to save 500 billion yen in costs by the 2026 fiscal year [9]. - Specific factory closures include the Civac plant in Mexico and the shutdown of the Oppama plant in Japan by the 2027 fiscal year [10]. Future Outlook - Nissan has not disclosed profit forecasts for the 2025 fiscal year but anticipates further losses, with operating losses potentially reaching 180 billion yen and net sales of 5.5 trillion yen for the first half [8]. - The company projects a 2.9% decline in global sales to 3.25 million units, primarily due to an expected 18.2% drop in the Chinese market [8].

金十图示：2025年07月31日（周四）全球汽车制造商市值变化 量十数据 | והו | 小米汽车 | 1812.78 | | 6.94 | | --- | --- | --- | --- | --- | | (BHD) | 比亚迪 | 1346.63 | + -41.08 | 14.67 | | ર | 法拉利 | 907.83 | + -12.05 | 498.79 | | (1) | 宝马汽车 | 596.76 | + -11.87 | 96.58 | | | 梅赛德斯奔驰 | 565.72 | + -20.03 | 58.75 | | 人》 大众汽车 | 542.15 | + -11.12 | 107.01 | | --- | --- | --- | --- | | 通用汽车 | 496.13 | | 52.11 | | 保时捷 | 466.73 | 1 +7.76 | 50.34 | | > 玛鲁蒂铃木 | 452.59 | 1 +5.32 | 143.95 | | 马恒达汽车 | 439.19 | 1 +1.31 | 36.61 | | 本田汽车 1-0 | 434.31 | + -12.83 | ...

日产汽车公司预测，4月至9月期间的营业亏损将达1800亿日元，并暂未公布截至2026年3月的财年 业绩指引。该公司首席执行官伊万・埃斯皮诺萨表示，日产正处于转型计划的初期阶段，计划裁员2万 人，并将生产基地从17个缩减至10个。日产面临美国总统唐纳德・特朗普贸易战带来的阻力，预计关税 将造成3000亿日元的损失。行业研究高级汽车分析师吉田辰雄称，该公司缺乏足够的产品实力、品牌影 响力和销售能力。 ...

Group 1 - Nissan is facing a continuous loss crisis, reporting a net sales revenue of 2.7 trillion yen for the first quarter of fiscal year 2025, a decrease of 9.7% year-on-year, with a global retail sales volume of 707,000 units, down 10.1% [2] - The company has adjusted its half-year forecast, expecting a net sales revenue of 5.50 trillion yen and a loss of 180 billion yen, indicating no improvement in sales and profits for the second quarter [2] - Despite the short-term pessimism, Nissan maintains its full-year sales revenue forecast at 12.50 trillion yen [2] Group 2 - Nissan plans to reduce global production capacity by 20% by fiscal year 2026, aiming to consolidate its production facilities [2] - The company will integrate production from the CIVAC plant into the Aguascalientes facility in Mexico, with the CIVAC plant set to cease operations by the end of fiscal year 2025 [3] - Nissan's production in Japan will also be consolidated, with the Yokosuka plant scheduled to end vehicle production by the end of fiscal year 2027 [3] Group 3 - In the Chinese market, Nissan plans to cut its production capacity from 1.5 million units to 1 million units, with the Wuhan Yunfeng plant already sold to Dongfeng's electric vehicle subsidiary, Lantu [4] - Nissan's ranking in the Fortune Global 500 has dropped from 136 to 150 [5]

Core Viewpoint - Nissan Motor is facing a continuous loss crisis, reporting a significant decline in sales and a net operating loss for the first quarter of the fiscal year 2025 [1][2]. Group 1: Financial Performance - In the first quarter of fiscal year 2025 (April 1, 2025 - June 30, 2025), Nissan's global retail sales reached 707,000 units, a year-on-year decrease of 10.1% [1]. - The net sales amounted to 2.7 trillion yen, down 9.7%, and the operating loss was 79.1 billion yen, marking the first loss in the first quarter since 2020 [1]. - For the previous fiscal year, Nissan reported global sales of 3.346 million units and a net loss of 670.9 billion yen [2]. Group 2: Future Outlook - Nissan has adjusted its semi-annual forecast, expecting net sales of 5.5 trillion yen and a loss of 180 billion yen for the second quarter (July-September 2025), indicating no improvement in sales and profits compared to the first quarter [2]. - Despite the adjustments, the company maintains its annual sales forecast at 12.5 trillion yen [3]. Group 3: Production Capacity Reduction - Nissan is implementing a strategy to reduce production capacity by 20% by the fiscal year 2026, aiming to cut global production from 3.5 million units to 2.5 million units [3]. - The company plans to consolidate production from the CIVAC plant to the Aguascalientes facility in Mexico, with the CIVAC plant set to cease operations by the end of fiscal year 2025 [3]. - Additionally, Nissan's Yokosuka plant in Kanagawa, Japan, will end vehicle production by the end of fiscal year 2027, with production shifting to its subsidiary Nissan Motor Kyushu [3]. Group 4: Market Position - In the recently released Fortune Global 500 list, Nissan's ranking dropped from 136 to 150 [4].

日产汽车正面临持续亏损的危机。 销量下滑的另一面，日产正在缩减产能"断臂求生"。今年2月，日产汽车宣布，计划到2026财年将全球 产能削减20%。 财报发布同日，日产宣布将把CIVAC的汽车生产整合至墨西哥Aguascalientes生产基地。CIVAC工厂将 于2025财年末停止生产，该工厂始建于1966年，是日产首次走出日本设厂的标志性项目。 今年7月15日，日产汽车宣布，作为全球重组计划的一部分，位于日本神奈川县横须贺市的追滨工厂将 到2027财年末结束车辆生产，生产将转移合并至子公司日产汽车九州。这一行动主要源于日产的全球产 能削减（目标从350万辆降至250万辆），整合日本国内17个生产基地至10个。 继2024年财年亏损后，7月30日，日产汽车再次交出了一份新财年的亏损季报。今年第一财季（2025年4 月1日~2025年6月30日），日产全球零售销量70.7万辆，同比下降10.1%；净销售额2.7万亿日元，下降 9.7%；经营亏损791亿日元。这是自2020年以来，日产汽车首次出现第一财季亏损的情况。 在上一财年，日产已经交出了一份亏损财报，公司全球销量334.6万辆，净亏损6709亿日元。 从短 ...

Core Insights - Nissan Motor reported a revenue of 2,706.9 billion yen for the first quarter of 2025, a decrease from 2,998.4 billion yen in the same period last year [1] - The company experienced a net loss of 115.8 billion yen, contrasting with a net profit of 28.6 billion yen in the previous year [1] Financial Performance - Revenue for Q1 2025: 2,706.9 billion yen, down from 2,998.4 billion yen year-on-year [1] - Net loss for Q1 2025: 115.8 billion yen, compared to a net profit of 28.6 billion yen in Q1 2024 [1]

日产首席执行官：美国关税对本财年的负面影响从之前预期的至多450亿日元下调至300亿日元。 ...

日产汽车第一季度销售净额2.71万亿日元，预估2.77万亿日元。 经营亏损791.2亿日元，预估亏损1,192.8亿日元。 净亏损1,157.6亿日元，预估亏损1,243.4亿日元。 ...