Nissan shrinks annual operating losses and regains its footing
The operating loss for the year to end-March 2021 will be ¥340bn compared with the prior forecast of ¥470bn
Tokyo — Nissan Motor has cut its operating loss outlook for the current fiscal year by about a third, fueling optimism that the carmaker is regaining its footing after the coronavirus pandemic dented global sales.
The loss for the year to end-March 2021 will be ¥340bn ($3.2bn), compared with the prior forecast for a ¥470bn operating loss, the company said in a statement on Thursday. For the July-September quarter, Nissan reported an operating loss of ¥4.8bn, compared with analysts’ average estimate for a ¥148bn loss...