Key Facts
• Nissan held its annual shareholders’ meeting amid ongoing restructuring efforts.
• The company plans to close 7 global factories by 2027 but has not disclosed locations.
• Nissan reported a ¥670.8 billion loss for the fiscal year ending March 2025, its third-largest ever.
• For April–June 2025, Nissan expects an operating loss of ¥200 billion, compared to a ¥900 million profit last year.
• The meeting approved two proposals, including the appointment of 12 directors, such as new CEO Espinosa.
• Shareholders criticized the ¥646 million retirement pay for former executives and the reappointment of 8 external directors.
• Nissan aims to cut 20,000 jobs globally as part of its restructuring plan.
Summary
Nissan Motor held its annual shareholders’ meeting as the company continues its efforts to recover from significant financial losses. The automaker announced plans to close seven global factories by 2027 and reduce its workforce by 20,000 employees, though specific factory locations remain undisclosed. For the fiscal year ending March 2025, Nissan reported a ¥670.8 billion loss, its third-largest in history, and anticipates a ¥200 billion operating loss for April–June 2025. During the meeting, shareholders approved the appointment of 12 directors, including new CEO Espinosa, but voiced strong criticism over ¥646 million in retirement pay for former executives and the reappointment of eight external directors. The company faces mounting pressure to stabilize its operations and regain profitability.
