Nissan FY 2026 Q1 Summary

• Consolidated operating profit improved by ¥157 billion year- over-year to ¥77.9 billion.
• Re:Nissan delivers a claimed additional ¥60 billion in Q1 savings.
• FY2026 ¥200B Operating Profit outlook reaffirmed.
• Volume outlook revised primarily to reflect market conditions in China.
• Outside China, volumes are expected to grow year over year.

FY2026 Outlook

Reflecting a more challenging business environment, particularly in China, Nissan has revised its FY2026 sales volume outlook from 3.3 million units down to 3.15 million units. It claimed performance across other key markets remains aligned with full-year ambitions.

Nissan’s FY2026 outlook reflects external headwinds, including rising raw material costs and geopolitical uncertainty in the Middle East, as well as opportunities from favorable foreign exchange, one-time gains realized in the first quarter and other mitigating factors. Supported by disciplined execution of Re:Nissan, ongoing cost reductions and actions to strengthen competitiveness across key markets, the company reaffirms its FY2026 financial outlook and remains on track to deliver its Re:Nissan commitments.

“Across our key markets, we are adapting our strategies to changing conditions, strengthening product competitiveness, improving our cost structure and becoming more agile as a company.
Our focus is unchanged: creating value for customers, improving profitability and free cash flow, and building a stronger, more resilient Nissan for the long term,” said Espinoza