Framing Analysis
Nissan Motor Corp. posted a 3.8 billion yen net profit for the January-March quarter on sales of 2.96 trillion yen, reversing a 115.8 billion yen loss from the prior year. The company has recorded net losses for the last two fiscal years and cited disruptions from the Iran conflict and China-related pressures. CEO Ivan Espinosa leads the Yokohama-based automaker, which produces the Leaf electric vehicle and Infiniti models.