Nissan posts first quarterly net profit in two years

Japan's Nissan Motor reported on Monday a net profit of 3.76 billion yen (about 26 million U.S. dollars) for the April-June period, returning to profitability after two fiscal years of huge losses.

In the first quarter of fiscal 2026, the automaker's revenue rose 9.5 percent to 2.96 trillion yen (about 20.4 billion U.S. dollars), according to the report.

After recording a net loss of 670.9 billion yen (about 4.63 billion U.S. dollars) for fiscal 2024, Nissan unveiled its "Re:Nissan" restructuring and recovery plan in May 2025, aiming to restore profitability by fiscal year 2026.

The sweeping streamlining efforts include consolidating its factories from 17 to 10 and cutting 20,000 jobs globally by fiscal 2027, targeting 500 billion yen in cost savings.

In May this year, Nissan reported a net loss of 533.1 billion yen (about 3.38 billion U.S. dollars) for fiscal 2025.

Nissan posts first quarterly net profit in two years

China's summer box office has surged to 7.5 billion yuan (about 1.1 billion U.S. dollars) in cumulative revenues as of early August, including pre-sales, according to Beacon Pro, an Alibaba-backed film data platform.

The season has now posted average daily grosses above 100 million yuan (about 14.80 million U.S. dollars) for 24 consecutive days.

More than 120 titles have hit theaters, spanning historical epics, comedies, action flicks, animations, and sci-fi blockbusters. That diverse lineup points to one clear trend: supply is booming, and audiences are hungry for more.

China's 2026 summer box office reaches 7.5 bln yuan mark