Japanese automaker Nissan signaled a return to profitability this fiscal year after posting its seventh consecutive quarterly loss. For the quarter ended March, the company recorded a net deficit of 282.9 billion yen ($1.79 billion), a sharp improvement from the ¥676 billion loss a year earlier. Management also forecast global sales to climb 4.7% to 3.30 million units, and aims to rebuild brand confidence worldwide.

The turnaround follows a sweeping restructuring program launched last year. Nissan has sold its historic headquarters, trimmed several manufacturing sites and cut production capacity worldwide. Earlier this month it announced plans to eliminate hundreds of jobs in Europe and overhaul regional operations, moves aimed at curbing costs as demand wanes in key markets, and consolidating suppliers to streamline spending.

Investors greeted the profit outlook as a potential stabiliser for the automaker’s battered share price, which has slipped amid prolonged losses. Restoring earnings could also improve Nissan’s leverage, giving it breathing room to fund electric‑vehicle development and honor its alliance commitments. Analysts will watch cash conversion in the next quarters, and the forecast sets a baseline for assessing whether the cost cuts will translate into sustainable cash flow.