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

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.

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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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