Nissan Motor Co. has adjusted its annual profit outlook, revising its full-year operating income guidance for the fiscal year ending March 2025 to ¥150 billion ($975 million) from ¥500 billion. This change is a response to declining sales in key markets, resulting in a forecast that falls short of analysts' expectations.

To address these challenges, Nissan has announced a restructuring plan that involves cutting 9,000 jobs and reducing production capacity by 20%. These measures are part of a broader strategy to stabilize the company in the face of ongoing market pressures.