Nissan falls hard in Japan Inc.'s earnings nosedive

Profit forecasts shrink by nearly half from most recent projections

20200428N Nissan mask REUTERS

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

RYOSUKE EGUCHI and TOKIO MURAKAMI, Nikkei staff writers

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.

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