Key Facts
• June 24, 2025: Nissan held its annual shareholders’ meeting in Yokohama.
• CEO Ivan Espinosa apologized for poor performance, citing a ¥670.8 billion loss in FY2025.
• Nissan plans to close 7 global car plants and cut 20,000 jobs by FY2027.
• April–June 2025 forecast: ¥200 billion operating loss due to U.S. tariff policies.
• Shareholders approved two company proposals, including appointing 12 directors.
• Former CEO Makoto Uchida received ¥645.6 million in retirement pay.
• Shareholder attendance rose to 1,071 (up from 625 in 2024); meeting lasted 3 hours 6 minutes.
• Shareholder proposals, including revising director pay and full acquisition of Nissan Shatai, were rejected.
• Uchida’s FY2025 compensation dropped 40% to ¥390 million, including ¥175 million retirement pay.
Summary
Nissan’s annual shareholders’ meeting on June 24, 2025, highlighted the company’s ongoing financial struggles. CEO Ivan Espinosa apologized for a ¥670.8 billion loss in FY2025, the third-largest in its history. To address these challenges, Nissan announced plans to close seven global car plants and reduce its workforce by 20,000 by FY2027. The company also projected a ¥200 billion operating loss for April–June 2025, influenced by U.S. tariff policies. Shareholders approved the appointment of 12 directors but criticized executive compensation, including ¥645.6 million in retirement pay for former CEO Makoto Uchida. Proposals to revise director pay and fully acquire Nissan Shatai were rejected. Attendance at the meeting increased significantly, reflecting heightened shareholder concerns.
