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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] Tokyo, Japan – May 24, 2025 – Amid continued financial struggles, Nissan Motor Co., Ltd. is reportedly considering the sale of its global headquarters in Yokohama, Kanagawa Prefecture, as part of a sweeping restructuring plan that includes plant closures and workforce reductions.
According to reports by the Yomiuri Shimbun and Nikkei, Nissan has included the sale of its Yokohama headquarters as a candidate asset for disposal in fiscal year 2025 (April 2025 – March 2026). The asset is estimated to be worth more than ¥100 billion (approx. USD 960 million). Nissan is said to be considering a leaseback arrangement that would allow the company to continue using the building after the sale.
In addition to its headquarters, Nissan is also reportedly reviewing plans to shut down several domestic plants, including the Oppama Plant in Yokosuka and the Shonan Plant of subsidiary Nissan Shatai in Hiratsuka, both located in Kanagawa Prefecture. The company is also considering selling part of the land at its Tochigi Plant.
The company aims to streamline its global operations by reducing the number of manufacturing facilities outside China from 17 to 10 by fiscal 2027, and cutting approximately 15% of its global workforce, or about 20,000 employees.
Nissan stated that the restructuring costs are expected to exceed previous estimates by approximately ¥60 billion (around USD 576 million). In fiscal year 2024, the company reported a net loss of ¥670.8 billion (approx. USD 6.4 billion), marking its third-largest loss on record.
The proceeds from the asset sales, including the potential headquarters transaction, are expected to be used to fund restructuring efforts.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
