Japan’s second-largest city, capital of Kanagawa Prefecture
Nissan has reported a narrowed annual loss and flat revenue as CEO Ivan Espinosa cites “clear signs” of a turnaround. The company is cutting costs and pursuing faster product execution, with a plan to return to profit in the current fiscal year, while facing intense competition from Chinese makers.
Honda has reported a net loss tied to EV restructuring and write-downs. The company is retrenching its electric-vehicle strategy, pausing North American models and a Sony joint venture, while steering toward hybrids and traditional engines. Honda forecasts a return to profit by 2027 and continues to pursue carbon neutrality.
Australian actor Paul Hogan has dismissed Pauline Hanson’s monoculture proposal as out of step with the country’s diverse society. Hanson’s National Press Club address has triggered polling swings, with Labor gaining in Newspoll and Redbridge, while One Nation’s popularity slips. Experts say Hanson’s monoculture concept misreads Japan’s demographics and ignores Australia’s own diversity.
Nissan has reported a net profit of 3.8 billion yen for January-March, reversing last year’s loss. Quarterly sales total 2.96 trillion yen, up 9.5% from a year ago. The company remains in the red for two fiscal years but expects to return to profitability in the current year, ending March 2027, with leadership citing momentum in cost cuts and strong U.S. and Japan demand amid Middle East disruptions and China competition.