Nissan expects 1.8-bln-USD operating loss for fiscal 2025

TOKYO, Oct. 31 (Xinhua) -- Japan's Nissan Motor Co. said Thursday that it expects an operating loss of 275 billion yen (about 1.8 billion U.S. dollars) for fiscal 2025, citing the impact of higher U.S. tariffs and sluggish sales.

In an updated financial outlook for the fiscal year through next March, the Japanese automaker expects to book the annual operating loss on revenue of 11.7 trillion yen, reflecting anticipated challenges in the second half due to supply chain risks, foreign exchange volatility, tariffs, and other external factors.

For the April-September first half, the struggling carmaker estimates an operating loss of 30 billion yen, a better outcome than its previous forecast of a 180-billion-yen loss.

"While our first-half results reflect temporary benefits and payback from cost-saving initiatives, we anticipate an ongoing challenging competitive environment in the second half, supply chain risks and the seasonality of business," said Chief Financial Officer Jeremie Papin in a statement. (1 Japanese yen equals about 0.007 USD) Enditem