Core Viewpoint - Nissan plans to sell its headquarters building in Yokohama to Minth Group for 97 billion yen (approximately 4.5 billion RMB) as part of its Re:Nissan plan to improve financial conditions [3]. Financial Performance - For Q2 of FY2025, Nissan reported a sales revenue of 2.87 trillion yen, slightly above the forecast of 2.86 trillion yen, but incurred a net loss of 1.0616 trillion yen, better than the expected loss of 1.1398 trillion yen [3]. - Global sales volume decreased from 809,000 units to 773,000 units, representing a year-on-year decline of 4.5% [3]. - Sales in China fell to 158,000 units, down 8.1% year-on-year; Japan saw a 20.8% drop to 98,000 units; North America increased to 319,000 units, up 6.7%; Europe declined to 72,000 units, down 10.6%; other regions saw a 6.3% decrease [3]. Sales Forecast - Nissan forecasts total vehicle sales for FY2025 to be 3.25 million units, with expected declines in various regions: China down 7.4% to 645,000 units, Japan down 3.4% to 445,000 units, North America slightly down 0.2% to 1.3 million units, and Europe down 3.1% to 340,000 units [4]. Strategic Measures - Nissan identifies North America and China as regions with positive sales momentum, particularly driven by the N7 model in China [5]. - The company anticipates an operating loss of 275 billion yen for the year but believes it can achieve breakeven without tariff impacts [5]. - Key strategies include cost reduction to achieve breakeven, redefining product and market strategies, and strengthening partnerships, targeting a total cost saving of approximately 500 billion yen [5]. - Specific cost-cutting measures involve reducing global production facilities from 17 to 10 by FY2027, lowering capacity to 2.5 million units, and planning to lay off 20,000 employees, primarily from manufacturing [5].

Core Viewpoint - Nissan is actively pursuing its Re:Nissan plan, which includes selling its headquarters building in Yokohama to Minth Group for 97 billion yen (approximately 4.5 billion RMB) to improve its financial situation [2] Financial Performance - For the second quarter of fiscal year 2025, Nissan reported a sales revenue of 2.87 trillion yen, slightly above the forecast of 2.86 trillion yen, but incurred a net loss of 1.0616 trillion yen, better than the expected loss of 1.1398 trillion yen [2] - Global sales volume decreased from 809,000 units to 773,000 units, representing a year-on-year decline of 4.5% [2] - Sales in China fell to 158,000 units, down 8.1% year-on-year; Japan's sales dropped to 98,000 units, down 20.8%; North America saw an increase from 299,000 to 319,000 units, up 6.7%; Europe sales decreased to 72,000 units, down 10.6%; other regions also experienced a 6.3% decline [2] Sales Forecast - Nissan forecasts total vehicle sales for the fiscal year 2025 to remain at 3.25 million units, with specific regional expectations: China at 645,000 units (down 7.4%), Japan at 445,000 units (down 3.4%), North America at 1.3 million units (down 0.2%), and Europe at 340,000 units (down 3.1%) [3] - The North American market shows positive momentum, being the only region with sales growth in the second quarter, while the Chinese market benefits from the N7 model [3] Cost Reduction Measures - Nissan aims to achieve a cost reduction of approximately 500 billion yen, with 250 billion yen from variable costs and another 250 billion yen from fixed costs, targeting a return to positive operating profit and free cash flow by fiscal year 2026 [3] - Specific measures include reducing the number of production plants globally from 17 to 10 by fiscal year 2027, lowering production capacity to 2.5 million units, with a potential increase of 500,000 units if necessary [4] - The company plans to cut 20,000 jobs, with 65% from manufacturing, 18% from sales and general management, and 17% from R&D, primarily affecting contract workers [4]