Nissan has reduced its losses for the fiscal year through March, following a challenging period during which the company reported its seventh straight quarterly loss.
The Japanese automaker now projects a return to net profit in the current fiscal year. Nissan forecast an operating profit well above consensus estimates, providing an early indication that its cost-cutting measures are helping to alleviate the carmaker’s cash-strapped financial position.
However, Nissan continues to face various pressures, including U.S. tariffs and the Middle East war. The company is also dealing with its own internal issues and fierce competition from Chinese rivals.