Company Reports

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan reported 10% consolidated revenue recovery and 9% for auto segment in the fiscal first quarter despite declining retail volume. Currency benefits, cost reductions and one-time gains offset inflationary cost and loss at China JV and led to net income returning to a positive JPY 3.8 billion.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan posted a 2% consolidated revenue decline and a 3% drop for the automotive segment in the fiscal fourth quarter, on lower volume in major markets. Tariffs, declining volume, incentives to clear inventory, inflationary costs, and losses at its China JV led to a net loss of JPY 283 billion.

While sales volume recovered somewhat in China, Nissan's fiscal third-quarter revenue fell 5% year on year due to declining volume in other major markets. Tariffs, currency, inflation, incentives, and the loss at its China JV due to intensive competition led to a net loss of JPY 28 billion.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan's 4.7% year-on-year consolidated revenue fall in the September quarter was due to declining sales volume in Japan and Europe, which offset a rise in the US. Tariffs, currency, inflationary costs, incentives, and a loss at its China joint venture led to a net loss of JPY 106 billion.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan reported a 10% consolidated revenue drop for fiscal first quarter ending June due to declining volume across all its major markets in Japan, the US, and Europe. Tariff impact, foreign exchange loss, inflationary cost, and loss at the China joint venture, led to a net loss of JPY 116 billion.

US President Donald Trump announced that a Japan tariff deal has been reached, setting reciprocal tariffs at 15%. Japanese media is reporting that Japanese automakers will see their 25% tariff reduced to 15%. As of midday, the Nikkei 225 is up 2.8%, with Toyota shares bouncing over 13%.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Nissan reported 1% consolidated revenue decline for fiscal fourth quarter, due to weak volumes in Japan and Europe and soft pricing in the US. Increasing incentives to clear inventory, inflation, losses at its China joint venture, and a restructuring impairment led to a net loss of JPY 613 billion.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Shares of Japanese automakers under our coverage were under pressure, slipping 2%-3% on March 27, 2025, as US President Donald Trump signed a proclamation implementing a 25% tariff on US auto imports, all passenger cars, and light trucks not made in the US, effective on April 2.

Nissan reported 2% consolidated revenue growth for its fiscal third quarter on volume recovery in the US market. However, increasing incentives to optimize inventory, inflationary cost pressure, and loss at its China joint venture led to a net loss of JPY 14 billion.

Nissan is part of the Renault-Nissan-Mitsubishi Alliance. The firm is 35.7% owned by Renault, while Nissan owns 15% of Renault. Under the new alliance agreement reached in July 2023, Nissan's 15% ownership in Renault will gain voting rights and both Renault's and Nissan's ownership voting rights will be capped at 15% each. Renault holds the rest of the stake in Nissan through a French trust, which will vote the shares neutrally for “most decisions” but retain the economic benefit of the dividends and any proceeds if shares are sold. Also, Nissan holds a controlling 24% stake in Mitsubishi Motors. Nissan's cross-ownership with Renault had been viewed as a rare success, with few international automotive companies replicating the alliance. However, discontent among leadership between Nissan and Renault became evident with the dismissal of Carlos Ghosn on allegations of misconduct in November 2018. Despite the opportunity for economies of scale in the alliance, Nissan's recent performance had been dismal but is now improving.

Honda and Nissan announced to finalize a business integration by June 2025 and set up a holding company through share transfer. Shares of the holding company will be listed in August 2026 while Honda and Nissan would delist. The integration will also include Nissan’s 24%-owned Mitsubishi Motors.

Nissan’s shares rose 13% on Nov. 12 after a regulatory filing disclosed that ECM Master Fund has built a 2.5% stake in Nissan as of the end of September. According to SEC filings, ECM Master Fund is managed by activist investor Effissimo Capital Management, known for the takeover of Toshiba in 2021.