Nissan Ekes Out Profit as Sales Show First Sign of Recovery
- Japanese automaker is nine months into aggressive turnaround
- Nissan reported a surprise operating profit in third quarter
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Nissan Motor Co. trimmed its loss outlook for the fiscal year and posted a surprise operating profit for the most recent quarter, a sign the beleaguered automaker is beginning to recover from the worst of the pandemic’s impact on its already depressed sales.
Japan’s second-largest carmaker forecast a net loss of 530 billion yen ($5.1 billion) for the year through March, narrower than the previously expected 615 billion yen. Nissan posted an operating profit of 27.1 billion yen for the three months through December. Analysts had on average predicted a 46.8 billion yen loss.