Nissan Motor(US:NSANY) 日经中文网·2025-04-25 04:27Core Viewpoint - Nissan is facing significant financial challenges, with projected losses for the fiscal year 2024 reaching up to 750 billion yen, marking the highest loss in its history due to declining sales, particularly in North America, and the impact of U.S. tariff policies [1][2]. Financial Performance - For the fiscal year 2024, Nissan anticipates a consolidated loss of 700 to 750 billion yen, a stark contrast to the previous year's profit of 426.6 billion yen [1]. - The company's operating profit is expected to be 85 billion yen, a decrease of 85% year-on-year, and lower than previous forecasts by 35 billion yen [2]. - Global sales for fiscal year 2024 are projected to be 3.35 million units, a 3% decline compared to the previous year, falling short of the initial target by 50,000 units [1]. Structural Reforms - Nissan is undergoing fundamental structural reforms, including a plan to reduce production capacity by 20% (1 million units) and lay off 9,000 employees [2]. - The company plans to cut 2,500 jobs in global management and 6,500 in factories, along with the closure of three global plants [2][3]. Leadership Changes - The new CEO, Ivan Espinosa, who took office in April, emphasized the need for asset reassessment and the impact of restructuring costs on the company's financials [2][3]. - The previous president, Makoto Uchida, resigned in March due to poor performance and failed merger talks with Honda [3].