Nissan secures net profit for Q1, sticks to full-year target

Carmaker returns to black on quarterly basis for 1st time in 2 years amid restructuring

Nissan Motor is implementing its Re:Nissan business restructuring plan as it continues to launch new vehicles such as the Leaf EV, Kicks compact SUV and Elgrand premium minivan. (Photo by Arisa Moriyama)

YOKOHAMA, Japan -- Nissan Motor on Monday reported a net profit of 3.7 billion yen ($24 million) for the April-June quarter due to improving business performance and rigorous cost management.

It also remains committed to returning to profitability this fiscal year ending March 2027 for the first time in three years.

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