Nissan Expected to Post Loss for Fiscal Year, Skip Earnings Forecast
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Nissan Motor Co. will report a net loss for the fiscal year ended in March and won’t issue an outlook for earnings for the current period, people with knowledge of the matter said.
The loss will probably be more than 400 billion yen ($3.7 billion), one of the people said, asking not to be identified because the information isn’t public. The loss won’t be more than the 684 billion yen recorded for the fiscal year that ended in March 2000, when Nissan was in the middle of a turnaround after receiving financing from Renault SA, said the people.