Live News • May 28
Nissan Cancels UK EV Powertrain Production as European Demand Falls Short Nissan subsidiary JATCO has scrapped plans to produce electric vehicle powertrains at its Sunderland, UK facility.
Weaker-than-expected demand for Nissan’s electric vehicles in Europe prompted the company to reassess its local EV component manufacturing plans.
JATCO will now supply electric drives to Nissan’s Sunderland plant from Japan as part of a wider global restructuring focused on cost control and profitability.
The shift of EV powertrain production from the UK to Japan reflects Nissan tightening capital spending in Europe while aiming to keep its EV program aligned with actual demand.
Investors may want to pay close attention to how these restructuring steps affect Nissan’s cost base, regional competitiveness in Europe, and the flexibility of its EV supply chain. Announcement • May 14
Nissan Motor Co., Ltd., Annual General Meeting, Jun 23, 2026 Nissan Motor Co., Ltd., Annual General Meeting, Jun 23, 2026. Reported Earnings • May 14
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: JP¥153 loss per share (improved from JP¥187 loss in FY 2025). Revenue: JP¥12t (down 4.9% from FY 2025). Net loss: JP¥533.1b (loss narrowed 21% from FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 09
Nissan Motor Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Nissan Motor Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Announcement • Mar 10
Nissan Motor Co., Ltd. Announces CFO Changes, Effective April 01, 2026 Nissan Motor Co., Ltd. announced a leadership transition in its Chief Financial Officer role. Jérémie Papin will step down from his position for personal reasons. George Leondis, a long serving Nissan executive, is appointed to succeed him effective April 01, 2026. Leondis has been deeply involved in Re:Nissan and brings strong financial and strategic expertise, along with a global perspective shaped by experience across Nissan's key markets. Papin will remain with the company through mid-May to lead the closing of full year 2025 and to ensure a smooth and orderly transition. A Chartered Accountant by training, Leondis began his career at PwC before joining Nissan in 2004 as Head of Finance for Nissan Australia. Over the past two decades, he has taken on senior finance and leadership roles across Nissan's key markets, building deep experience across the full breadth of the finance function key responsibilities, in addition to leading auto sales finance businesses and regional administration. In 2024, he returned to Japan to lead global product and industrial operations control, partnership finance, and M&A. Reported Earnings • Feb 14
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: JP¥8.10 loss per share (further deteriorated from JP¥4.01 loss in 3Q 2025). Revenue: JP¥3.00t (down 5.1% from 3Q 2025). Net loss: JP¥28.3b (loss widened 101% from 3Q 2025). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Auto industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -JP¥89.21 to -JP¥101 per share. Revenue forecast unchanged at JP¥12t. Auto industry in Japan expected to see average net income growth of 83% next year. Consensus price target up from JP¥364 to JP¥372. Share price rose 6.0% to JP¥442 over the past week. Announcement • Feb 12
Nissan Motor Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Nissan Motor Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expected net sales of JPY 11,900,000 million, operating loss of JPY 60,000 million; Net loss attributable to owners of parent of JPY 650,000 million; Basic loss per share of JPY 186.04 as compared to previous guidance of net sales of JPY 11,700,000 million, operating loss of JPY 275,000 million. Predominant reason for the revision is because of the faster-than-expected fixed cost reduction under the Re:Nissan recovery plan and a lower negative foreign exchange impact. In addition, Net loss attributable to owners of parent is forecasted to be JPY 650 billion which includes restructuring charges under Re:Nissan, potential additional restructuring and business alignment decisions in fourth quarter. This projected net loss is predominantly the result of non-cash accounting charges. Announcement • Jan 29
ASTARA MOBILITY, S.L. signed an agreement to acquire Nissan’s business operations in Chile and Peru from Nissan Motor Co., Ltd. ASTARA MOBILITY, S.L. signed an agreement to acquire Nissan’s business operations in Chile and Peru from Nissan Motor Co., Ltd. (TSE:7201) in December 2025.
The transaction is subject to subject to antitrust regulations. Announcement • Jan 09
Nissan Motor Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Nissan Motor Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Major Estimate Revision • Jan 07
Consensus EPS estimates upgraded to JP¥89.73 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -JP¥102 to -JP¥89.73 per share. Revenue forecast steady at JP¥12t. Auto industry in Japan expected to see average net income growth of 7.2% next year. Consensus price target up from JP¥345 to JP¥359. Share price was steady at JP¥394 over the past week. New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Nov 27
Perrone Robotics Files Patent Infringement Actions to Protect Foundational Robotic and Automated Vehicle Technology against Tesla, Toyota, Volkswagen, Hyundai, Kia, Mazda, and Nissan Perrone Robotics, Inc. and Perrone Robotics Innovations, LLC announced that they have filed lawsuits asserting infringement of Perrone Robotics' patented automated vehicle and robotics technologies by seven major automakers: Tesla, Toyota, Volkswagen, Hyundai, Kia, Mazda, and Nissan. The complaints, filed in the U.S. District Courts for the Eastern District of Texas and the Eastern District of Virginia, allege that general-purpose robotics operating systems and applications used with automated driving systems rely on Perrone Robotics' innovations without authorization. Now an industry standard, Perrone Robotics' technology was groundbreaking when company founder Paul Perrone developed it in the mid-2000s. The technology enables automated driving applications to be deployed across fleets of vehicles, an advancement that helped shape the foundation of today's automated vehicles. Paul Perrone was, and remains, a trailblazer in automated vehicle technology, robotics, and AI. Today, nearly every automaker, including the defendants, features automated driving applications as a core component of vehicle safety and driver convenience. The complaints allege that certain automated driving suites and vehicle software stacks incorporate features covered by Perrone Robotics' patents. Perrone Robotics is represented by leading national litigation firm Susman Godfrey LLP, including Shawn Blackburn, Sy Polky, Hunter Vance, Larry Liu, Sarah Pike, and Whitney Wester. Perrone Robotics continues to advance and deploy its autonomous vehicle technologies globally. The company remains focused on collaboration with industry partners, maintaining active integrations and programs that deliver safe, reliable, and practical autonomy solutions. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: JP¥30.40 loss per share (further deteriorated from JP¥2.55 loss in 2Q 2025). Revenue: JP¥2.87t (down 3.8% from 2Q 2025). Net loss: JP¥106.2b (loss widened JP¥96.8b from 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Nissan Motor Co., Ltd. Revises Consolidated Earnings Guidance for the First Half Ended September 30, 2025 and Year Ending March 31, 2026 Nissan Motor Co., Ltd. revised consolidated earnings guidance for the first half ended September 30, 2025 and Year Ending March 31, 2026. For the first half, the company now expects net sales of JPY 5,500,000 million, operating loss of JPY 30,000 million, Net loss attributable to owners of parent to be JPY 230,000 and Net loss per share to be JPY 65.86 against previous guidance of net sales of JPY 5,500,000 million and operating loss of JPY 180,000 million. Operating loss for the first half of fiscal year 2025 is expected to be JPY 30 billion, vs the previously announced forecast of JPY 180 billion. The better than expected results are mostly driven by one time positive items such as lower costs related to emission regulations. In addition, some project related costs expected in the first half of fiscal year 2025 are scheduled for the second half of the year as research and development resources prioritized costs savings generation in the first half of the year.
For the fiscal year ending March 31, 2026, the company now expects net sales of JPY 11,700,000 million, operating loss of JPY 275,000 million against previous guidance of net sales of JPY 12,500,000 million. The Company expects operating loss for the fiscal year 2025 to be JPY 275 billion. This includes the estimated tariff impact of JPY 275 billion. It is currently difficult to forecast the net income attributable to owners of the parent and net income per share as the Company is in the final assessment of restructuring items under the Re:Nissan recovery plan. The Company will provide an update during the financial announcement for the first half of fiscal year 2025 on November 6, 2025. Board Change • Oct 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Tim Ryan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Nissan Motor Co., Ltd. to Report First Half, 2026 Results on Nov 06, 2025 Nissan Motor Co., Ltd. announced that they will report first half, 2026 results on Nov 06, 2025 Announcement • Oct 04
Nojima Reportedly May Mull Buying Yokohama F. Marinos Soccer Club Nojima Corporation (TSE:7419) has been floated as a potential buyer in Nissan Motor Co., Ltd. (TSE:7201)'s possible sale of the Yokohama F. Marinos professional soccer club, it was learned on 01 October 2025. Hiroshi Nojima, president of the retailer headquartered in the city of Yokohama, south of Tokyo, told reporters after an event for prospective employees the same day that his company will consider acquiring the club if the opportunity arises. The company is expected to mull whether the publicity benefits of the club would justify the acquisition and operating costs if a formal sale offer is made. Nissan is considering selling off the club in the J1 top division of the Japan Professional Football League, or J.League, amid the automaker's management woes. Other companies including a major information technology firm are also seen as potential buyers of the club. If a bidding war occurs, the price is likely to rise, making the acquisition more challenging. Nojima also plans to take part in a possible bid for naming rights to the Nissan Stadium in Yokohama, the club's home ground. Nissan is currently in talks with the Yokohama city government to lower the naming rights fee. Announcement • Oct 01
Nissan Motor Reportedly Mulls Sale of Yokohama F. Marinos Soccer Club Nissan Motor Co., Ltd. (TSE:7201) is considering selling the Yokohama F. Marinos professional soccer club in the J1 top division of the Japan Professional Football League, or J.League, it was learned on 29 September 2025. Nissan has approached multiple companies with offers to sell its 75% stake in the operator of the club. It aims to narrow down possible buyers by the end of the year for an early sale, informed sources said, adding that possible buyers include a major technology company. The move is part of the struggling automaker's restructuring efforts. A Nissan spokesperson declined to comment, saying that the company has not announced such a move. Announcement • Aug 30
Pt National Assemblers signed a share purchase agreement to acquire 99.90% stake in PT Nissan Motor Indonesia from Nissan Motor Co., Ltd. (TSE:7201) and others. Pt National Assemblers signed a share purchase agreement to acquire 99.90% stake in PT Nissan Motor Indonesia from Nissan Motor Co., Ltd. (TSE:7201) and others on August 29, 2025. The acquisition strengthen Indomobil Group’s business performance and portfolio by adding a company engaged in motor vehicle assembly. Announcement • Aug 01
Renault Group B.V. completed the acquisition of 51% stake in Renault Nissan Automotive India Private Limited from Nissan Motor Co., Ltd. (TSE:7201) and Nissan Overseas Investments B.V. Renault Group B.V. agreed to acquire 51% stake in Renault Nissan Automotive India Private Limited from Nissan Motor Co., Ltd. (TSE:7201) and Nissan Overseas Investments B.V. for INR 29 billion on March 31, 2025. As part of the consideration Renault Group B.V. shall pay INR 6.3 billion towards preference stock of Renault Nissan Automotive India Private Limited. Upon completion, Renault SA will own 100% stake in Renault Nissan Automotive India Private Limited. The transaction is subject to approval by regulatory board / committee. The completion is expected by the end of H1 2025.
As of June 30, 2025, Renault Group's stake in Nissan, which was previously accounted for under the equity method, will be treated as a financial asset measured at fair value through equity, estimated on the basis of Nissan's stock price.
Renault Group B.V. completed the acquisition of 51% stake in Renault Nissan Automotive India Private Limited from Nissan Motor Co., Ltd. (TSE:7201) and Nissan Overseas Investments B.V. on August 1, 2025. Renault Group has acquired Nissan’s remaining 51% stake in Renault Nissan Automotive India Private Ltd, thus becoming its sole owner. Stéphane Deblaise is appointed as chief executive officer of Renault Group in India, effective September 1, 2025. Announcement • Jul 30
Nissan Announces Nissan Rogue and Adds Striking New Dark Armor Grade Nissan Rogue returns with a fresh edge, combining advanced technology, standout style, and family-friendly versatility. This year's lineup includes the adventurous Rock Creek version and an all-new Dark Armor grade -- designed to turn heads and elevate every drive. The 2026 Nissan Rogue is on sale now with Manufacturer's Suggested Retail Prices (MSRP) starting at $28,7901. Pricing and availability for Dark Armor grades will be announced at a later date. The 2026 Rogue Dark Armor refines the look of Rogue SV with gloss black exterior accents for the mirrors, exterior badges, pillar trim, grille bars and mirror caps. The understated yet distinctive transformation is completed with 19-inch gloss black wheels and satin black roof rails. Compared to Rogue SV, Dark Armor also adds HD Intelligent Around View®? Monitor with Moving Object Detection2, a panoramic moonroof, heated front seats and a heated steering wheel. Rogue's list of helpful, intuitive technology includes available Google built-in3, which seamlessly integrates well-known Google apps - including Google Assistant, Google Maps and more on Google Play - right into the vehicle's available 12.3-inch touchscreen. Available on Rogue Platinum, ProPILOT 2.14 allows attentive drivers to take their hands off the steering wheel in single-lane freeway operation, while ProPILOT Assist 2.1 handles acceleration, steering assistance and steering. For drivers looking to go further, there's Rogue Rock Creek. This adventure-ready trim amplifies Rogue's appearance and capabilities with Falken Wild Peak all-terrain tires fitted to 17-inch satin black wheels, a unique front fascia, a unique gloss black front grille featuring silver accents, a redesigned front fascia featuring Lava Red accents, gloss black sideview mirrors and a tubular roof rack with integrated cross bars also concentrated in Lava Red. All 2026 Nissan Rogue grades deliver peace of mind with the inclusion of standard Nissan Safety Shield®? 360. Its advanced VC-Turbo engine, with standard Idle Stop-Start, delivers EPA-estimated fuel economy of up to 29 mpg city, 36 mpg highway and 32 mpg combined (FWD)5. For full details on all features and options, see the 2026 Nissan Rogue specifications sheet. Announcement • Jul 10
Nissan Motor Co., Ltd. announced that it expects to receive ¥200 billion in funding Nissan Motor Co., Ltd. announces a private placement to issue convertible bonds for gross proceeds of JPY 200 million on July 9, 2025. The convertible bonds carry a coupon of 1% a year, payable semiannually, and mature in 2031, the company said in a filing. The instrument has an initial conversion price of JPY 397.2, representing a premium of 30% above Nissan’s closing share price on Wednesday. Announcement • Jul 08
Nissan Motor Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Nissan Motor Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Announcement • Jun 18
Nissan Motor Co., Ltd. Unveils All-New Third-Generation Leaf Nissan Motor Co., Ltd. unveiled the all-new 2026 LEAF. Completely reimagined with clean, dynamic body lines, the third-generation LEAF combines a sleek profile with an SUV-like stance. Inside, a refined, minimalist cabin is optimized for roominess, comfort and wellbeing to accommodate all of life's journeys. With over 15 years of proven dependability and the customer insights of almost 700,000 global sales, the all-new LEAF builds on the model's DNA of reliable, affordable and attractive EV ownership, delivering strong value for the mass-market. Beyond appealing to EV customers, the all-new LE AF is a compelling option for internal combustion engine buyers. With a substantially increased driving range, faster charging speeds and an array of drive-enhancing technologies, it makes EV ownership easier and more enjoyable. The all-new LEAF will reach U.S. Nissan dealerships in the Fall, with other markets to follow. Numerous Nissan-first features include: New 3-in-1 powertrain with compact integrated motor, inverter and reducer. North American Charging Standard (NACS) port with Plug & Charge functionality added to vehicles in North America; 3D holographic tail lamps; Available dimming panoramic roof with heat shielding. A range of firsts for the LEAF nameplate also include: Liquid cooled lithium-ion batteries with up to 75-kWh usable capacity; Available dual 14.3-inch displays; Available Google built-in2, including Google Maps; Wireless Apple CarPlay®? and wireless Android Auto™? Flush door handles; Available 19-inch wheels; Available 64-color ambient interior lighting; 3D Intelligent Around View®? Monitor; Invisible Hood View3 and Front Wide View3; Available Bose®? Plus premium audio. The all-new Nissan LEAF will be assembled for the U.S. and Canada markets alongside the Ariya at Nissan's Tochigi plant in Japan. For more information on all features and specifications of all grades for the U.S. market, please see the full 2026 Nissan LEAF press kit. For more information on all capabilities for the U.S. markets and commitment to sustainable mobility, visit n Nissanusa.com. Announcement • Jun 16
Nissan Reportedly Plans to Cut Stake in Renault to 10% Nissan Motor Co., Ltd. (TSE:7201) Chief Executive Officer Ivan Espinosa said that the company plans to reduce the automaker's stake in French partner Renault SA (ENXTPA:RNO), the Nikkei business newspaper reported on June 16, 2025. Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%. Under their agreement, any share sale has to be coordinated with the other party and includes a right of first-refusal. Selling a 5% stake in Renault would raise about JPY 100 billion ($640 million) at current share prices, funds Nissan plans to use for new vehicle development amid challenging business conditions, the Nikkei said. Nissan currently holds 15% of the French company, according to LSEG data. The news comes as Renault said on Sunday that boss Luca de Meo is leaving the car maker to pursue a role outside the auto industry. "We are bringing down our cross-shareholdings in order to invest in vehicles," the newspaper quoted Espinosa as saying in an interview. Announcement • May 25
Nissan Reportedly Mulls Sale of Headquarters in Yokohama Nissan Motor Co., Ltd. (TSE:7201) is considering selling its headquarters building in Yokohama, south of Tokyo, it was learned on 23 May 2025. The value of the building is believed to exceed JPY 100 billion. The struggling automaker plans to use proceeds from the sale to cover costs associated with its planned closure of seven plants around the world by fiscal 2027. Nissan may continue using the building by concluding a lease contract with the buyer, informed sources said. At a briefing session for analysts on May 13, Nissan Motor President and CEO Ivan Espinosa said that the company could face additional restructuring costs of JPY 60 billion, according to questions and answers from the session that were released on 23 May 2025. Espinosa added that the company plans to cover the additional costs by selling assets, but did not specify which ones. Reported Earnings • May 14
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥187 loss per share (down from JP¥110 profit in FY 2024). Revenue: JP¥13t (flat on FY 2024). Net loss: JP¥670.9b (down 257% from profit in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 154%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • May 13
Nissan Motor Co., Ltd., Annual General Meeting, Jun 24, 2025 Nissan Motor Co., Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Apr 08
Nissan Motor Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Nissan Motor Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Apr 02
Renault Group B.V. agreed to acquire 51% stake in Renault Nissan Automotive India Private Limited from Nissan Motor Co., Ltd. (TSE:7201) and Nissan Overseas Investments B.V. for INR 29 billion. Renault Group B.V. agreed to acquire 51% stake in Renault Nissan Automotive India Private Limited from Nissan Motor Co., Ltd. (TSE:7201) and Nissan Overseas Investments B.V. for INR 29 billion on March 31, 2025. As part of the consideration Renault Group B.V. shall pay INR 6.3 billion towards preference stock of Renault Nissan Automotive India Private Limited. Upon completion, Renault SA will own 100% stake in Renault Nissan Automotive India Private Limited. The transaction is subject to approval by regulatory board / committee. The completion is expected by the end of H1 2025. Announcement • Mar 26
Nissan Motor Co., Ltd. and INFINITI Outline Bold New Products and Next-Generation Technologies to Excite Customers in the U.S. and Canada Nissan Motor Co., Ltd. showcased a bold array of new and refreshed models, along with next-generation technologies set to debut in the U.S. and Canada from fiscal year 2025 through fiscal year 27. loaded with innovative features, the new products will play a crucial role in elevating the company's performance, boosting customer loyalty, attracting new buyers, increasing profitability, and promoting sustainable growth. To meet the rising demand for diverse powertrain options, the upcoming lineup will include hybrid technologies (including e-POWER and plug-in hybrids), next-generation electric vehicles (EVs), and advanced internal combustion engines (ICE). Future products for North American market The U.S. and Canada will see more than 10 new and refreshed products in key segments, including next-gen EV and hybrid technology and INFINITI models. In fiscal year25, the U.S. andCanada will be the first markets to launch the all-new Nissan LEAF, joining Ariya in the brand's EV portfolio. For the North American market, a NACS charging port is also integrated - the first time for a Nissan EV - enabling convenient access to the Tesla Supercharger network. The all-new LEAF sits on Nissan's modular CMF-EV platform (which debuted with the Ariya). Today's announcement provides a first glimpse at this new model, with further details to be shared mid-year. A new generation of Nissan's top-selling Sentra compact sedan will be introduced later this year, alongside a refreshed mid-size Pathfinder SUV. The model will be the first to offer Nissan's innovative e-POWER technology to consumers in the U.S. and Canada. INFINITI will launch the all-new QX65 crossover coupe. Then from late fiscal year27, an all-new Nissan EV is scheduled to commence production at Nissan's Canton, Mississippi plant in the U.S. The all-new model will be an adventure-focused SUV. It will be joined in fiscal year28 by a luxury INFINITI EV SUV (inspired by the Vision QXe concept) that pairs the brand's latest Artistry in Motion design language with a suite of technology features. Next-generation e-POWER: For customers seeking a new and refreshed lineup of hybrid technologies, including e-POWER, hybrid technology and INFINIT I models. In fiscal year 2025, the U.S.and Canada will be the first markets to launched the all-new Nissan LE AF, joining Ariya in the company's EV portfolio. For theNorth American market, a NAC S charging port is also integrated - The all-new LEAF sit on Nissan's modular CMF - enabling convenient access to the electric vehicles (which debuted with the Ariy). Today's announcement provides a First glimpse at this new model, With further details to be shared mid theyear. A new generation ofissan's top-selling Sentra Compact sedan will be introduced later thisyear, alongside a refreshed mid-size Pathfinder SUV. Major Estimate Revision • Mar 11
Consensus EPS estimates upgraded to JP¥71.40 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -JP¥83.98 to -JP¥71.40 per share. Revenue forecast steady at JP¥12t. Auto industry in Japan expected to see average net income decline 0.3% next year. Consensus price target broadly unchanged at JP¥400. Share price rose 4.4% to JP¥439 over the past week. Announcement • Feb 22
Elon Musk Rejects Reports of Tesla Investing in Nissan Nissan Motor Co., Ltd. (TSE:7201)'s stock saw a sharp 9.5% rise on February 21, 2025 following reports that former Japanese Prime Minister Yoshihide Suga was advocating for Tesla, Inc. (NasdaqGS:TSLA) to invest in the struggling automaker. Speculation suggested that Tesla's involvement could come in exchange for Nissan's US factories. But Tesla CEO Elon Musk was quick to refute the claims. Despite Musk's denial, Nissan's shares closed at ¥458.80 (around $3) in Tokyo, marking their highest point since January, according to a report in The Guardian. The rise came after Nissan's failed merger talks with Honda, which fell apart due to Nissan's reluctance to become a subsidiary of the larger Japanese carmaker. Meanwhile, reports suggested that Suga, along with his former aide Hiroto Izumi and ex-Tesla board member Hiro Mizuno, were spearheading efforts to bring Tesla into the picture. While some Nissan board members were aware of the proposal, it remained unclear whether the company had formally approached Tesla for discussions. Despite the buzz, Elon Musk swiftly shut down the rumours. Replying to a post on X (formerly Twitter), the Tesla CEO stated, "The Tesla factory IS the product. The Cybercab production line is like nothing else in the automotive industry". Announcement • Feb 21
Japan Reportedly Turns to Elon Musk's Tesla to Secure Nissan's Future After Honda Deal Collapse A high level Japanese group which includes former Prime Minister Yoshihide Suga has set up plans for Elon Musk's Tesla, Inc. (NasdaqGS:TSLA) to invest in Nissan Motor Co., Ltd. (TSE:7201), reported Financial Times. The new proposal is being led by former Tesla board member Hiro Izumi and is being supported by former PM along with his former aide Hiroto Izumi. The group reportedly believes that Tesla will like to be a strategic investor in Nissan since the EV maker is interested in acquiring the company's plans in the US. The Tesla plans come shortly after the $58 billion merger proposal between Nissan and Honda fell through over fears that the Japanese carmaker could fall into potentially foreign hands. Announcement • Feb 20
Honda Reportedly Ready to Revive Takeover Talks If Nissan CEO Uchida Leaves Honda Motor Co., Ltd. (TSE:7267) will resume talks with Nissan Motor Co., Ltd. (TSE:7201) to form the world's fourth-biggest automaker provided Nissan CEO Makoto Uchida steps down, the Financial Times reported, citing a person familiar with discussions. Japan's second- and third-largest automakers by sales after Toyota Motor (7203.T), had been in talks to create a $60 billion firm after a lack of hybrid models in the U.S. and competition from local rivals in China had sent Nissan's earnings diving. Those talks collapsed last week, plunging Nissan into further uncertainty and highlighting the pressure on legacy automakers, particularly from emerging Chinese giants disrupting the industry. Nissan declined to comment to Reuters on the FT report. Honda said the report was not something it had announced. Uchida has been under pressure to turn Nissan around after years of faltering sales and management turmoil left the company a diminished force. Reuters reported in December that subsequent months would be critical for Uchida and Nissan's future. Merger talks with Honda unravelled in a little more than a month due to Nissan's pride and insufficient alarm about its predicament, as well as Honda's proposal to make its smaller peer a subsidiary, sources previously told Reuters. The FT reported that Honda is willing to revive negotiations with a Nissan boss who can more effectively manage internal opposition. Honda CEO Toshihiro Mibe last week said his company had no plan to launch a hostile takeover bid for Nissan. Nissan has been working on a turnaround programme under which it plans to reduce its workforce by 9,000 people and global manufacturing capacity by 20%. It said on Thursday it would provide an update on the programme within a month. Uchida has expressed his intention to stay until 2026, but is facing pressure to step down in coming months from board members and French partner Renault (RENA.PA), following the failure of negotiations with Honda, the FT reported. Nissan's board of directors has also started informal discussions regarding the timing of Uchida's departure, the FT reported. Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥81.15 to -JP¥97.96 per share. Revenue forecast unchanged at JP¥12t. Auto industry in Japan expected to see average net income decline 3.0% next year. Consensus price target down from JP¥411 to JP¥394. Share price was steady at JP¥420 over the past week. Reported Earnings • Feb 15
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: JP¥4.01 loss per share (down from JP¥7.53 profit in 3Q 2024). Revenue: JP¥3.16t (up 1.6% from 3Q 2024). Net loss: JP¥14.1b (down 148% from profit in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Nissan Reportedly May Call Off Merger Talks with Honda Nissan Motor Co., Ltd. (TSE:7201) is prepared to reject an acquisition offer that would make it a subsidiary of Honda Motor Co., Ltd. (TSE:7267), according to a person familiar with the matter, a move that could jeopardize talks between the two carmakers to join forces. The Yokohama-based company plans to convene a board meeting as soon as February 5, 2025 afternoon, where it will likely vote down Honda’s proposal to buy Nissan’s shares and make it a subsidiary, said the person. The Japanese automakers have been in discussions for weeks on a combination that would effectively result in an acquisition of Nissan, as Honda’s $47 billion valuation is nearly five times higher. The board’s final decision could still be in flux as some senior officials at Nissan support the Honda offer, the person said. The two companies may end their talks after slow progress in board meetings each has planned, Japan’s Asahi newspaper reported earlier, citing unidentified sources. Announcement • Jan 17
Nissan Motor Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Nissan Motor Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Major Estimate Revision • Jan 10
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥44.50 to -JP¥52.33 per share. Revenue forecast unchanged at JP¥12t. Auto industry in Japan expected to see average net income growth of 1.0% next year. Consensus price target of JP¥411 unchanged from last update. Share price fell 5.3% to JP¥455 over the past week. Buy Or Sell Opportunity • Dec 27
Now 23% undervalued Over the last 90 days, the stock has risen 19% to JP¥509. The fair value is estimated to be JP¥662, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥444, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 6x in the Auto industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥849 per share. Announcement • Dec 18
Foxconn Reportedly Approaches Nissan to Take Controlling Stake as Honda Eyes Merger Hon Hai Precision Industry Co., Ltd. (TWSE:2317) known as Foxconn, has approached Nissan Motor Co., Ltd. (TSE:7201) to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars — not just the Japanese firm’s plants and equipment, the person said, asking not to be identified because the proposal isn’t public. It’s not clear whether Nissan has engaged in substantial discussions with Foxconn, or already rebuffed the Taiwanese company’s approach. A spokesperson for Nissan declined to comment. A representative for Foxconn wasn’t immediately available for comment. New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Dec 18
Honda and Nissan Reportedly in Merger Talks, Eye Mitsubishi for Expanded Alliance Honda Motor Co., Ltd. (TSE:7267) and Nissan Motor Co., Ltd. (TSE:7201) are preparing to start negotiations on a possible merger, which ultimately could be expanded to include Mitsubishi Motors Corporation (TSE:7211) Japan’s Nikkei reported. Such a deal would create an automotive rival to Toyota Motor Corp. that would effectively consolidate the Japanese auto industry into two camps. It would also provide Honda and Nissan with more resources to compete with larger peers after downsizing long-held global partnerships with other carmakers: France’s Renault SA for Nissan and General Motors Co. for Honda. The move toward a merger would follow a decision by the two companies earlier this year to work together on electric vehicle batteries and software. At that time, Honda Chief Executive Officer Toshihiro Mibe floated the possibility of a capital tie-up with Nissan. While Honda and Nissan stopped short of confirming December 17, 2024 report, both automakers issued statements that reiterated their previous pledges for further future cooperation. “We will inform our stakeholders of any updates at an appropriate time,” Honda said in its statement. American depositary receipts of Honda and Nissan shares climbed on the report. Nissan ADRs rose 11% and Honda’s gained 0.9% in late New York trading. The two major Japanese carmakers plan to sign a memorandum of understanding to discuss shared equity stakes in a new holding company under which the combined company would operate, the Nikkei said, without citing sources. The merger would help the manufacturers compete against rivals in electric vehicles such as Tesla Inc. and Chinese automakers, it said. It also puts them in a better position to compete at home and abroad with Toyota, the world’s largest automaker. Toyota has taken stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating. Honda, Nissan and Mitsubishi combined sold about 4 million vehicles globally in the first six months of the year, well shy of the 5.2 million that Toyota sold on its own. Honda’s valuation stood at JPY 6.8 trillion ($44.4 billion) as of the close of trading in Tokyo on December 17, 2024, well above Nissan’s JPY 1.3 trillion market capitalization. But even their combined value is dwarfed by Toyota’s JPY 42.2 trillion. Honda has long struggled to keep up with bigger capitalized rivals when it comes to investments in new technologies. It recently has shifted gears to boost hybrid gas-electric vehicles even as it spends billions of dollars on all-electric production. Honda’s arms-length partnership with GM has been weakened bit by bit, most recently earlier this month when their self-driving car partnership ended. Meanwhile, GM has strengthened its ties with South Korea’s Hyundai Motor Co. Nissan has partially unwound its complex 25-year strategic partnership with Renault, a fixation of former Chair Carlos Ghosn. Rivalries and mutual suspicion mounted over the years and came to a head when Ghosn openly contemplated a merger, contributing to his downfall. The former chairman and CEO, who has filed a suit against his former company for ousting him in 2018, warned of a “disguised takeover” of Nissan by Honda in an August interview with Automotive News. Nissan also has stepped up restructuring efforts to cope with stalled revenue growth and lower profits. It faces pressure from an activist shareholder and a daunting debt load that has led to speculation in credit markets about its investment grade rating. The reported merger talks come after the Financial Times said last month that Nissan was looking for an anchor investor to replace part of Renault’s equity holding and that it hadn’t ruled out having Honda buy some of its shares. Major Estimate Revision • Dec 06
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥13t to JP¥13t. Now expected to report a loss of JP¥0.42 per share instead of JP¥5.41 per share profit previously forecast. Auto industry in Japan expected to see average net income growth of 3.4% next year. Consensus price target down from JP¥432 to JP¥419. Share price rose 2.7% to JP¥369 over the past week. Price Target Changed • Dec 05
Price target decreased by 7.4% to JP¥419 Down from JP¥452, the current price target is an average from 15 analysts. New target price is 17% above last closing price of JP¥358. Stock is down 37% over the past year. The company is forecast to post a net loss per share of JP¥0.42 compared to earnings per share of JP¥110 last year. Major Estimate Revision • Nov 23
Consensus EPS estimates fall by 47%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥13t to JP¥13t. EPS estimate fell from JP¥22.65 to JP¥11.98 per share. Net income forecast to grow 14% next year vs 6.8% growth forecast for Auto industry in Japan. Consensus price target of JP¥452 unchanged from last update. Share price fell 5.2% to JP¥406 over the past week. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥429, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Auto industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥222 per share. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: JP¥2.55 loss per share (down from JP¥48.72 profit in 2Q 2024). Revenue: JP¥2.99t (down 5.1% from 2Q 2024). Net loss: JP¥9.34b (down 105% from profit in 2Q 2024). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥66.77 to JP¥59.35 per share. Revenue forecast steady at JP¥13t. Net income forecast to shrink 23% next year vs 7.3% decline forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥479. Share price fell 4.5% to JP¥384 over the past week. Announcement • Nov 07
Nissan Motor Co., Ltd. Does Not Distribute the Interim Dividend for Fiscal Year 2024 Nissan Motor Co., Ltd. announced at the board meeting held on November 7, 2024, approved, not to distribute the interim dividend for fiscal year 2024 with a record date of September 30, 2024. Reasons for revision: The interim dividend for FY2024 was decided not to be distributed based on recent business results. It was changed from the previous dividend plan as undetermined, as announced May 9, 2024. In addition, the Company revised the dividend plan for Year-end as undetermined, based on the revision of consolidated financial forecast for FY2024. Announcement • Oct 07
Nissan Motor Co., Ltd. to Report First Half, 2025 Results on Nov 07, 2024 Nissan Motor Co., Ltd. announced that they will report first half, 2025 results on Nov 07, 2024 Announcement • Sep 27
Nissan Motor Co., Ltd. (TSE:7201) announces an Equity Buyback for 195,473,600 shares, for ¥79,850.97 million. Nissan Motor Co., Ltd. (TSE:7201) announces a share repurchase program. Under the program, the company will repurchase up to 195,473,600 shares, representing 5.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥79,850.96 million. The shares will be repurchased at a price of ¥408.50 per share. The purpose of the program is to enhancing shareholder returns and capital efficiency whilst maintaining the necessary financial resources. The repurchased shares will be cancelled. The repurchases will be made from company's net cash position. As of August 31, 2024, the company has 3,887,538,848 issued shares (excluding treasury stock) and 21,933,364 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Price Target Changed • Aug 28
Price target decreased by 7.3% to JP¥540 Down from JP¥583, the current price target is an average from 16 analysts. New target price is 26% above last closing price of JP¥428. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥84.45 for next year compared to JP¥110 last year. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥93.84 to JP¥84.45 per share. Revenue forecast steady at JP¥13t. Net income forecast to shrink 10% next year vs 4.6% decline forecast for Auto industry in Japan. Consensus price target down from JP¥583 to JP¥540. Share price fell 3.1% to JP¥428 over the past week. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥378, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Auto industry in Japan. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥247 per share. Reported Earnings • Jul 26
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥7.77 (down from JP¥26.93 in 1Q 2024). Revenue: JP¥3.00t (up 2.8% from 1Q 2024). Net income: JP¥28.6b (down 73% from 1Q 2024). Profit margin: 1.0% (down from 3.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 72%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 17
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 29th November 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 10
Nissan Motor Co., Ltd. to Report Q1, 2025 Results on Jul 25, 2024 Nissan Motor Co., Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024 
