Nissan Motor(US:NSANY) Jin Rong Jie·2025-06-27 01:40Core Viewpoint - Nissan is facing significant operational challenges, leading to a net loss of 670.8 billion yen (approximately 33.7 billion RMB) for the fiscal year 2024, prompting shareholder dissatisfaction and calls for management accountability [2][4]. Financial Performance - For the fiscal year 2024, Nissan reported a net loss of 670.8 billion yen (approximately 33.7 billion RMB) [2]. - The company anticipates a loss of 450 billion yen due to tariffs imposed by the U.S. government, with an expected operating loss of 200 billion yen for the period from April to June 2025 [4]. - In China, Nissan's sales in May 2024 were 57,998 units, a decline of 9.7% year-on-year, with cumulative sales down 21.3% to 225,560 units [5]. Strategic Restructuring - Nissan announced a restructuring plan, "Re:Nissan," which includes laying off 20,000 employees and reducing global production capacity by 20% by the fiscal year 2026 [2][6]. - The company plans to consolidate its global manufacturing facilities from 17 to 10, with confirmed closures in Thailand, Mexico, Argentina, India, and Japan [2]. - Nissan aims to achieve cost savings of approximately 500 billion yen, with a focus on both variable and fixed costs [7]. Market Challenges - The U.S. tariffs on imported vehicles and key automotive parts have severely impacted Japanese automakers, with Nissan's market share in China dropping to 2.21% [2][5]. - Nissan's sales in China fell to 696,600 units in 2024, a decrease of 12.23% year-on-year, with electric vehicle deliveries accounting for less than 5% of total sales [5][6]. Future Plans - Nissan plans to pause new product development after the fiscal year 2026 and reduce the number of suppliers, focusing on more competitive partners, particularly in China [8]. - The company is considering selling its global headquarters in Yokohama, estimated to be worth over 100 billion yen (approximately 5.03 billion RMB), to fund restructuring costs [7].