Shareholders' Meeting Held on the 24th
Japanese automaker Nissan, which is facing management difficulties, is expected to post an operating loss of around 200 billion yen (approximately 1.8 trillion won) for the second quarter of this year (April to June), according to reports by Kyodo News and Nihon Keizai Shimbun on June 24.
Nissan presented this quarterly earnings outlook at its shareholders' meeting held at its Yokohama headquarters on the same day. The forecast also reflects the impact of U.S. automobile tariffs.
President Ivan Espinosa said, "I apologize for causing concern."
Nissan, which has been suffering from poor management, including posting a large deficit last year, is pushing ahead with plans to cut 20,000 jobs and close seven factories worldwide.
Last month, Nissan announced in its financial results for fiscal year 2024 (April 2024 to March 2025) that it had recorded a net loss of 670.8 billion yen (approximately 6.4 trillion won) for the year.
Kyodo News reported that "Nissan did not disclose detailed restructuring plans, such as which factories will be closed, on this day."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
