Nissan Shares Fall on Annual Loss, Withheld Profit Outlook (1)

Nissan Motor Co. shares fell after the Japanese automaker posted an annual net loss of ¥670.9 billion ($4.5 billion) and decided against issuing an operating profit forecast for the current fiscal year.

The stock dropped as much as 3.5% in Tokyo on Wednesday as its pledge to close seven factories and slash 20,000 jobs to cut costs by ¥500 billion failed to allay concerns about the uncertainties over tariff impact.

“Nissan is offering up a whole menu of reforms, but judging by the share price moves today, the market seems to have doubts about their feasibility,” said Tatsuo Yoshida, ...