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

Company's profit returns to the black as restructuring efforts continue

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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