Nissan Motor Co. said Monday it posted a net profit of 3.76 billion yen (approximately $24 million) for the three months through June, marking a new step forward in efforts to restructure its business operations.
The result reflects the Japanese automaker's continued cost discipline and operational efficiency improvements amid a volatile global auto market. The profit figure was disclosed in the company's first-quarter financial report for the fiscal year, in line with analyst expectations.
Earlier, Nissan had launched a large-scale restructuring program aimed at cutting fixed costs, reducing output at some plants, and focusing on higher-margin vehicle models. The company aims to return its business to a sustainable growth trajectory after a prolonged difficult period.
Nissan's management emphasized that initial results from the turnaround efforts are gradually taking effect, although many challenges remain, including competitive pressure from electric rivals and currency fluctuations.
