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Nissan Motor now expects a net loss of 700-750 billion yen for the fiscal year, up from 80 billion yen, due to over 500 billion yen in impairment charges.

Nissan Motor's Board has decided to skip the year-end dividend for the fiscal year ending March 2025 due to declining performance, with the dividend forecast still pending.

Nissan Motor will invest $1.4 billion in China by 2026 to launch 10 new vehicles, aiming to boost sales and compete better with local automakers.

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About NISSAN MOTOR CO

Nissan Motor Co., Ltd. engages in the manufacture and sale of automotive products and marine equipment. It operates through the Automobile and Sales Financing 6segments. The Automobile segment manufactures and sells vehicles, forklift, marine equipment, and related parts. The Sales Financing segment handles sales finance and leasing business to support the sales activity of automobile business. The company was founded on December 26, 1933 and is headquartered in Yokohama, Japan.