Returned to Operating Profit (FY2025)
Consolidated operating profit of JPY 58 billion for FY2025, ahead of initial expectations and driven by Re:Nissan cost actions and one-time benefits.
Automotive Free Cash Flow Turned Positive in H2
Automotive free cash flow was negative for the full year (JPY -481 billion) but turned positive in the second half with JPY 112 billion, demonstrating improved cash generation trends.
Strong Net Cash Position
Ending net cash of JPY 1.17 trillion at year-end, providing a financial cushion heading into FY2026.
Material Cost and Operational Savings Delivered
Monozukuri savings of JPY 227 billion and one-time benefits of JPY 148 billion helped offset inflation; fixed cost savings reached JPY 200 billion and 5,000+ variable initiatives identified with JPY 270 billion potential, of which JPY 55 billion was realized in FY2025.
R&D and CapEx Discipline
Capital expenditure reduced by 13.5% year-over-year and R&D spending reduced by 9.1% without significant cuts to projects; engineering cost per hour improved by 18% (near a 20% target).
FY2026 Financial and Volume Outlook
Guidance for FY2026: unit sales up 4.7% to 3.3 million, production targeted at 2.95 million, consolidated revenue forecast JPY 13 trillion and operating profit outlook JPY 200 billion (1.5% margin); net income projected to be positive at JPY 20 billion.
Product and Market Momentum
Multiple new and refreshed model launches across regions (e.g., Qashqai e-POWER, MICRA EV, Roox, Sentra, N7) and improved retail performance in the U.S.; China showed H2 improvement supported by New Energy Vehicle launches.
Footprint Consolidation Progress
Plan to reduce global production capacity by 1 million units and consolidate manufacturing footprint from 17 to 10 sites; all 7 site actions announced within 10 months with consolidation of 6 sites to be completed this year, supporting long-term cost structure improvement.