Provisions for asset impairment at Nissan Motor Ibérica fell from €72.96 million to €13.14 million in the latest fiscal year. That change accounts for much of the Spanish subsidiary’s move from an €83.39 million loss to a loss of €889,000, even as its revenue dropped 17.2% to €539.76 million.
That does not mean the underlying business recovered by the same measure. Sales of components, the main source of the revenue decline, fell from €405.21 million to €303.78 million. Nissan Motor Ibérica also kept other operating costs in check.
A separate Spanish subsidiary, Nissan Motor España, which distributes and sells the brand’s vehicles, remained profitable. It reported net profit of €8.73 million, down from €12.18 million a year earlier.
The figures contrast with Nissan’s worldwide position. In the first half of its 2026 financial year, from April to September, the manufacturer cut net losses by 82% to 39.7 billion yen (€224.5 million), but remained in the red. Consolidated revenue rose 8% to €34,340.6 million, and operating profit reached €452.1 million.
Nissan said its Re:Nissan restructuring plan saved an additional 110 billion yen (€621.6 million) during that half-year. Launched in May 2025, the plan aims to restore operating profitability and achieve positive free cash flow in the automotive division during fiscal 2026. It includes a planned reduction of 20,000 jobs and a move from 17 production plants to 10 by fiscal 2027.
Spain’s industrial operations face a separate change. Nissan said in July 2026 that Renault would end its commercial relationship with the Ávila and Cantabria plants in December, ending production for that manufacturer. Nissan said it was seeking alternative industrial opportunities, with particular attention to maintaining activity in Ávila. The Barcelona Technical Centre continues engineering and research projects.
Nissan Motor Ibérica produced 6.1 million parts in fiscal 2025 to 2026, about 600,000 fewer than originally planned. Its average workforce fell from 1,588 to 1,507. Elsewhere in Spain’s vehicle business, Revel’s expansion target points to a different commercial trajectory: the Madrid leasing company aims to reach 30,000 customers by the end of 2026.
Nissan’s markets are also moving at different speeds. The company cited favourable trading in the United States and Japan, while weaker demand and intensifying competition in China contributed to a lower global sales forecast for fiscal 2026: 2.97 million to 3 million vehicles, down from 3.15 million. Nissan still targets annual operating profit of 200 billion yen (€1,130.2 million).
