Key Facts
• Nissan held a shareholder meeting amid urgent need for restructuring.
• Nearly 1,000 attendees participated, almost double the 2024 figure.
• Nissan reported a deficit exceeding 670 billion yen for fiscal year 2024.
• Plans include cutting 20,000 jobs and closing 7 factories by 2027.
• Shareholders criticized lack of detailed restructuring plans during the 3-hour meeting.
• High compensation for outgoing executives, including former CEO Uchida, faced backlash.
• All company proposals, including appointing new CEO Espinosa, were approved.
• A 60s shareholder expressed concerns over dismissed motions and lack of accountability.
• A 20s shareholder wanted clearer plans and an apology from former leadership.
• Focus remains on whether Nissan can present a clear path to recovery.
Summary
Nissan’s shareholder meeting highlighted growing dissatisfaction as the company faces urgent restructuring challenges. With nearly 1,000 attendees, double the 2024 figure, shareholders voiced concerns over the lack of detailed recovery plans and criticized high payouts to outgoing executives like former CEO Uchida. Despite these criticisms, all company proposals, including the appointment of new CEO Espinosa, were approved. Nissan plans to cut 20,000 jobs and close 7 factories by 2027 to address its 670 billion yen deficit from fiscal year 2024. Shareholders emphasized the need for clearer recovery strategies and accountability from leadership. The company’s ability to outline a concrete path forward remains a critical focus.
