Near-Record Losses and Unstable Financial Outlook
On May 13, Nissan officially announced its financial results for the fiscal year ending March 2025, reporting a staggering net loss of ¥671 billion (approximately VND 116.8 trillion). This marks the second-largest loss in the company’s history, just behind the ¥684 billion loss recorded during the 1999–2000 period.
Due to ongoing global uncertainties—particularly the impact of U.S. import tariffs—Nissan stated that it could not issue a detailed financial forecast for the upcoming year, aside from a revenue target of ¥12.5 trillion (nearly VND 2.2 quadrillion).
Newly appointed CEO Ivan Espinosa commented: “We need to accelerate our restructuring efforts in order to respond more flexibly in the near future.”
Workforce Reductions and Production Cutbacks
Amid ongoing losses, Nissan has announced plans to lay off over 10,000 additional employees, bringing the total reduction to nearly 15% of its global workforce. The company also intends to shrink its manufacturing network, cutting the number of assembly plants from 17 to 10 by 2027, including the closure of its factory in Thailand.
Merger with Honda Falls Through
The much-anticipated merger deal between Nissan and Honda officially collapsed in February 2025 due to disagreements over strategic direction. Honda had envisioned Nissan becoming a sub-brand, while Nissan sought a balanced partnership within a new joint group.
Impact of U.S. Tariff Policies
Nissan has been one of the hardest-hit Japanese automakers by the U.S.’s 25% import tariff. Experts note that Nissan’s customers tend to be price-sensitive, making it difficult for the company to pass on additional costs to consumers—unlike Toyota or Honda, who are better positioned to absorb the impact.
