ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Nissan falls hard in Japan Inc.'s earnings nosedive

Profit forecasts shrink by nearly half from most recent projections

A man wearing a mask walks by a Nissan dealership in Tokyo.   © Reuters

TOKYO -- Corporate Japan is on track to erase 46% of the projected net earnings for the year ended March, a Nikkei estimate shows, with Nissan Motor warning Tuesday of a first net loss in 11 years.

The fallout from the global pandemic has slammed both export-heavy industries and domestic-focused businesses. This marks a departure from the global financial crisis when internal consumption was granted a level of immunity.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more