Nissan Motor Narrows Loss in Fiscal Year 2025
Nissan Motor (TYO:7201) narrowed its net loss attributable to owners of the parent to 533.10 billion yen for the fiscal year 2025, from 670.90 billion yen a year earlier.The automotive giant's loss per share also narrowed to 152.58 yen from 187.08 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales slipped 4.9% to 12.008 trillion yen for the year ended March 31 from 12.633 trillion yen in the prior year.Nissan did not declare a final dividend for fiscal 2025.In a separate disclosure, Nissan recorded a 240.1 billion yen impairment loss on business assets as an extraordinary loss in its consolidated financial statements for the year, due to impaired asset groups and idle or disposed assets.Additionally, the company recognized a 131.9 billion yen provision for doubtful accounts and a 134.9 billion yen provision for loss on business of subsidiaries and affiliates in its non-consolidated statements.For the fiscal year 2026, the company expects to return to profitability with attributable net income of 20.00 billion yen, net income per share of 5.72 yen, and net sales of 13.000 trillion yen.Nissan does not anticipate an annual dividend for the current fiscal year.