TOKYO, May 13 (Xinhua) -- Japanese automaker Nissan Motor Co. reported Wednesday a net loss of 533.1 billion yen (about 3.38 billion U.S. dollars) for fiscal 2025, hit by U.S tariffs, inflation, and intensifying competition.
The struggling carmaker posted an operating profit of 58.01 billion yen for the year ended March, down 16.9 percent from a year earlier, while revenue fell 4.9 percent to 12.01 trillion yen.
Global vehicle sales slipped 5.8 percent to 3.15 million units, with U.S. sales down 3.4 percent to 906,000 units.
Having recorded a net loss of 670.9 billion yen in the previous year, Nissan has been pressing ahead with sweeping streamlining efforts to return to profitability, including shutting seven vehicle plants at home and abroad and slashing 20,000 jobs globally by fiscal 2027, according to Kyodo News.
The latest earnings report came after the U.S. government raised tariffs on Japanese auto imports to 27.5 percent in April 2025 from the previous 2.5 percent. The rate was later negotiated down to 15 percent in July and formally took effect in September 2025. Nissan said the tariff impact on its operating profit amounted to 286 billion yen.
Looking ahead, Nissan expects to return to profit in the current fiscal year through next March, projecting a net profit of 20 billion yen. Operating profit is forecast to rise 3.4-fold to 200 billion yen on net revenue of 13 trillion yen, up 8.3 percent. (1 Japanese yen equals about 0.0063 U.S. dollar) ■
