Nissan’s arduous recovery initiatives are now paying off, as the Japanese carmaker is finally back in profitability. The overall plan, Re:Nissan, kicked off in May 2025 and would eventually see the sale of its Yokohama headquarters and a massive reduction in the company’s global workforce.
However, Nissan has officially posted an operating profit of ¥77.9 billion (around P29.9 billion) for the first quarter of its 2026 fiscal year. That marks a ¥157 billion (around P60.2 billion) year-on-year improvement, while also bringing the company’s net income to ¥3.8 billion (around P1.46 billion). Re: Nissan is expected to continue until the carmaker’s 2027 fiscal year, with more cost-improvement measures to be implemented.
Nissan CEO Ivan Espinosa reaffirmed the brand’s direction, saying: “The environment remains challenging, particularly in China and the Middle East, but our direction is clear. We are managing disruption where it exists, building momentum where we see opportunity, and executing Re:Nissan with discipline and urgency.
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“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.”
Locally, the Japanese carmaker has had a busy year, with the recent launch of the X-Trail e-Power and the upcoming debut of the new Kicks e-Power. China-made models were also previewed at the 2026 Philippine International Motor Show, as they bore revived nameplates and electrified powertrains. It should be an intriguing year for Nissan in the Philippines, and across the world. More as we get it.
