Nissan Motor Ltd S/Adr (NSANY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone. Welcome to Nissan's third quarter financial results for fiscal year 2025. I'm Lavanya Vadgaonkar from Nissan Global Communications, and I'll be hosting today's session. Today, the session will run for 45 minutes. We're meeting here on site, and the session is also being live streamed. Let me start with the introduction of our speakers. Ivan Espinoza, Chief Executive Officer. Jeremy Papin, Chief Financial Officer. I will now hand over to Ivan to begin the session. Ivan. Thank you, Lavania, and good afternoon, everyone. Thank you for being with us today. This has been a quarter of tangible progress in our operations and in advancing Renison, thanks to the sustained efforts of our employees and the strong support of our partners during this demanding period. Today, Jeremy will begin the session with the details of our financial performance and the latest outlook for the full year, and then I will update on the progress of reNissan recovery plan. After that, we will be taking your questions. Jeremy? Thank you, Ivan. Good afternoon, everyone. Like Ivan said, this is a quarter where Nissan's determination has truly shown through, with teams across the company pushing forward with resilience. I will begin with our sales performance. For the nine months to December 31st, Nissan sold 2.26 million units, down by 5.8% year-on-year, and excluding China, the decline was 5.2%. In the latest three-month period, we saw a slowing rate of decline, with unit sales down by a more modest 2.9%. North America's state study, with sales up 1%, over the nine months and flat in the last quarter. However, our U.S. for U.S. strategy, sharper incentives and stronger dealer engagement pushed pure retail volume up and kept profitability tight. Retail sales rose 3% year-on-ye...