Nissan Loses ¥115.76 Billion In Q2 Due To U.S. Tariffs

Nissan Motor Co. has reported a net loss of ¥115.76 billion ($780 million) for the April–June quarter, attributing the downturn to U.S. auto tariffs.

Nissan now forecasts an operating loss of ¥180 billion for the six months ending in September.  (Photo: Nissan)

The company said it expects to remain unprofitable through the first half of the fiscal year as U.S. trade policy continues to pressure the struggling automaker to accelerate its restructuring, Kyodo News reported.

The first-quarter loss marks a sharp reversal from a profit of ¥28.56 billion during the same period last year.

Nissan now forecasts an operating loss of ¥180 billion for the six months ending in September.

It did not provide guidance for the full fiscal year through March 2026, citing uncertainties surrounding tariff policy.

President Donald Trump raised auto tariffs by 25 percentage points to 27.5% in April. However, the U.S. and Japan reached an agreement last week to reduce the rate to 15% for Japanese vehicles, Mainichi Japan also reported.

“There is a change, but it’s still not clear to us (what) some of the conditions are and when the change for the tariff from Japan to the U.S. will come into place,” Nissan CEO Ivan Espinosa said at a press conference.

“We welcome the improvement, but 15% is still a challenging number, which is why we need to continue improving costs and reducing our exposure to tariffs as much as we can,” he added.

Nissan posted an operating loss of ¥79.12 billion for the three-month period, compared to a ¥995 million profit a year earlier, as sales declined 9.7% to ¥2.71 trillion.