Presentation
Lavanya Wadgaonkar
Chief Communications Officer
Good evening, everyone. I’m Lavanya Wadankkar, Corporate Executive for Global Communications Office. Welcome to Nissan’s First Half Financial Results for Fiscal Year 2025. Along with financial year results today, we will be presenting an update on Re:Nissan. Today’s session is for 45 minutes and is held on site as well as online.
First, let me start with the introduction of the speakers today, Ivan Espinosa, Chief Executive Officer; Jeremy Papin, Chief Financial Officer.
We will begin with the presentation. So I’ll hand over to Ivan. Ivan?
Ivan Espinosa
President, CEO & Representative Director
Thank you, Lavanya. Hello, everyone. Thank you all for your continued support. It was a pleasure to meet and host many of you at the Japan Mobility Show. Before we begin, I want to emphasize that Re:Nissan is on track, and I am grateful to all who have shown patience and trust during these decisive actions. Despite ongoing challenges and volatility, we remain focused on recovery.
Today, Jeremy will present our first half performance, second quarter results and full year outlook. I will then update you on the Re:Nissan before the Q&A. So Jeremy, please.
Jeremie Papin
CFO & Executive Officer
Thanks, Ivan. Building on the disciplined approach, our cost control measures are showing encouraging signs amid a challenging environment. Now let’s take a closer look at our retail sales results. Total unit sales reached about 1.5 million in the first half, down by 7.3% year-on-year.
Second quarter sales, excluding China, were down by 3.6%, an improvement over the first quarter. We are already seeing clear acceleration in Q2
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