Nissan Motor (7201 JT) 9-month (JPY): Net income -250.22bln (prev. 5.15bln Y/Y), Revenue 8.58tln (prev. 9.14tln Y/Y). Raises its FY revenue forecast to 11.90tln (prev. 11.70tln) and sees narrower FY operating loss at 60bln

• Revenue 2.99tln (prev. 3.15tln Y/Y)
• Operating Profit 17.5bln (prev. 31.1bln Y/Y)
• Net Income -28.3bln (prev. -14.1bln Y/Y)

• Global sales volume 3.2mln units
• Net Revenue 11.9tln
• Operating Profit -60bln
• Net Income -650bln

• Identified 240bln of potential cost savings through "thousands of innovative ideas moving into implementation, ensuring sustainable efficiencies without compromising quality, safety, or performance."; confident the 250bln target will be eclipsed by FY26.

Nissan's latest financial results reveal a significant drop in net income, indicating persistent challenges. However, the raised full-year revenue forecast and plans for substantial cost savings suggest a path towards improvement, which could positively impact investor sentiment. Given these contrasting signals, the market reaction may hinge on the outlook versus the current underperformance.