Nissan Motor Ltd S/Adr (NSANY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone. I'm Lavanya Vagankar, Corporate Executive for Global Communications Office. Welcome to Nissan's first half financial results for fiscal year 2025. Along with financial year results today, we will be presenting an update on re-Nissan. Today's session is for 45 minutes and is held on-site as well as online. First, let me start with the introduction of the speakers today. Ivan Espinoza, Chief Executive Officer. Jeremy Papin, Chief Financial Officer. We will begin with the presentation, so I'll hand over to Ivan. Thank you, Lavanya. Thank you. Hello, everyone. Thank you all for your continued support. It was a pleasure to meet and host many of you at the Japan Mobility Show. Before we begin, I want to emphasize that Renison is on track, and I am grateful to all who have shown patience and trust during these decisive actions. Despite ongoing challenges and volatility, we remain focused on recovery. Today, Jeremy will present our first half performance, second quarter results, and full year outlook. I will then update you on the remiss and progress before the Q&A. So, Jeremy, please. Thanks, Ivan. Building on the disciplined approach, our cost control measures are showing encouraging signs amid a challenging environment. Now, let's take a closer look at our retail sales results. Total unit sales reached about 1.5 million in the first half, down by 7.3% year-on-year. Second quarter sales, excluding China, were down by 3.6%, an improvement over the first quarter. We are already seeing clear acceleration in Q2, with North America delivering stronger results and China posting year-on-year growth since the month of June for the first time in 15 months. North America saw acceleration with 2% growth overall and 6.7% in Q2. U.S. sales were flat, Mexico up 8...