Business Nissan plans to sell its Yokohama headquarters for ¥97 billion

[thomas]

Nissan Motor Co. announced plans to sell its headquarters in Yokohama for roughly 97 billion yen, while continuing to operate there under a 20-year lease. The building, located near Yokohama Station and the port, will remain the centre of its global operations. The sale, made to a Tokyo real estate company, is part of Nissan's ongoing effort to streamline its business and strengthen its financial base. The transaction is expected to generate a one-off profit of about 73.9 billion yen, which the company intends to invest in facility upgrades, digital transformation, and future research and development.

Nissan to sell headquarters in Yokohama for 97 bil. yen - The Mainichi

TOKYO (Kyodo) -- Nissan Motor Co. said Thursday it will sell and lease back its headquarters in Yokohama near Tokyo for 97 billion yen ($630 million)

mainichi.jp

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Nissan Motor announced on Thursday a net loss of 221.9 billion yen ($1.4 billion) for the April-September period, amid restructuring measures including the suspension of operations at some factories and workforce reductions.

Nissan did not disclose its full-year net profit outlook for the fiscal year ending in March 2026, which is typically announced along with the previous year's financial results. The automaker said in a statement it is "currently difficult to estimate the forecasts ... due to ongoing evaluation of Re:Nissan recovery plan measures." Re:Nissan is the name of Nissan's radical restructuring and turnaround plan. Nissan expects an operating loss of 275 billion yen ($1.8 billion) for the whole year. Still, Chief Financial Officer Jeremie Papin said in a news conference on Thursday that it will be "breakeven" before the impact of U.S. tariffs due to cost-reduction efforts.

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asia.nikkei.com