Nissan continues to try to turn around its dire financial situation by selling its global headquarters. The transaction is part of Re:Nissan’s broader plan to achieve positive operating profit and free cash flow by fiscal 2026. However, the company will not vacate the building, leasing it back for 20 years.
According to the Economic Times newspaper, MJI Godo Kaisha bought the headquarters for 97 billion yen, which corresponds to approximately 16.3 billion crowns. Nissan will receive a profit of around 73.9 billion yen from the transaction, i.e. approximately 12.5 billion crowns. It invests them in upgrading facilities and supporting future growth as part of the Re:Nissan plan.
The automaker said in its first-half results presentation that it has already identified approximately 200 billion yen (33.3 billion crowns) in potential savings and is moving “from concept to implementation.”
The sale of the headquarters is part of the optimization of assets that are not key to the operation of the company. The company is now shifting its focus to the next phase with a focus on products and partnerships, promising an assortment of new products by FY2027.
For the first half of the year, Nissan reported an operating loss of 27.7 billion yen (3.79 billion crowns) despite global sales of 1.48 million vehicles and consolidated net sales of 5.6 trillion yen (766.8 billion crowns). Due to the unfavorable conditions, the company lowered its full-year outlook and expects an operating loss of 275 billion yen, which corresponds to approximately 46.4 billion crowns.
CEO Ivan Espinosa expressed optimism. “Our results for the first half of the year reflect the challenges we face, yet confirm that Nissan is firmly on the path to recovery. We are accelerating towards the future – prioritizing the new products, key markets and breakthrough technologies that will define Nissan’s next chapter,” he said.
