financetom
Business
financetom
/
Business
/
Nissan announces new cost-savings measures, withholds FY2025 estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nissan announces new cost-savings measures, withholds FY2025 estimates
May 26, 2025 6:30 AM

YOKOHAMA, Japan (Reuters) -Japanese automaker Nissan ( NSANF ) announced on Tuesday a slate of new cost-saving measures including 11,000 more job cuts and held off on releasing financial earnings estimates for the current year through March 2026.

The company said it booked a 69.8 billion yen ($472.13 million) operating profit for the fiscal year just ended, in which Nissan ( NSANF ) struggled in the U.S. and China, replaced its CEO and saw merger talks with Honda collapse.

($1 = 147.8400 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Singapore's DBS says 1st-quarter net profit up 15% to record high, beats forecasts
Singapore's DBS says 1st-quarter net profit up 15% to record high, beats forecasts
May 1, 2024
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, Singapore's biggest bank, said on Thursday its first-quarter net profit rose 15% to a record high, driven by strong total income growth on the back of stable net interest margin and higher fee income and treasury customer sales. DBS, the first Singapore lender to kickstart this earnings season, said January-March net profit rose...
Australia's Woolworths' Q3 sales rise; flags cautious consumer sentiment
Australia's Woolworths' Q3 sales rise; flags cautious consumer sentiment
May 1, 2024
(Reuters) -Australia's Woolworths reported a rise in third-quarter sales on Thursday, boosted by an improving performance in the food retail segment, but warned of continued consumer caution despite moderating inflation. The country's largest supermarket chain said total group sales were at A$16.80 billion ($10.97 billion) for the March quarter, compared to A$16.62 billion expected by Jefferies analysts and a 2.8% rise compared...
Casino Operator MGM beats first-quarter estimates on strength in Macau business
Casino Operator MGM beats first-quarter estimates on strength in Macau business
May 1, 2024
(Reuters) - MGM Resorts International ( MGM ) beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions. Shares of the company were up about 3.14% in extended trading. Casino operators such as MGM and Wynn have benefited from the surge in traffic at...
Mid-America Apartment Communities reports Q1 FFO in line with expectations
Mid-America Apartment Communities reports Q1 FFO in line with expectations
May 1, 2024
May 1 (Reuters) - Mid-America Apartment Communities ( MAA ) , a multifamily-focused real estate investment trust (REIT), on Wednesday reported first-quarter core funds from operations (FFO) per share in line with estimates amid supply pressures in key Sunbelt markets. Mid-America Communities operates multi-family apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. As...
Copyright 2023-2026 - www.financetom.com All Rights Reserved