Nissan headquarters in Yokohama, Japan [Photo = Yonhap News] 사진 확대

Nissan headquarters in Yokohama, Japan [Photo = Yonhap News]

Japanese media reported that Japan’s Nissan Motor Co., which has predicted major restructuring and factory closures due to poor performance, is considering selling its headquarters in Yokohama, Kanagawa Prefecture.

According to the Yomiuri Shimbun and Nihon Keizai Shimbun (Nikkei) on the 24th, Nissan included its Yokohama headquarters as a candidate for assets to be sold in fiscal 2025 (April 2025 to March 2026).

Nissan previously moved its headquarters from Ginza, Tokyo, to downtown Yokohama in 2009. The value of the building’s assets is around 100 billion yen (about 960 billion won), and Nissan is considering continuing to use it as a lease after selling its headquarters, Japanese media reported.

Nissan is expected to use the funds from the sale of its headquarters for restructuring costs. Nissan estimates that restructuring costs in 2025 will be 60 billion yen (about 576 billion won) more than the previous forecast.

Nissan also plans to reduce 17 automobile factories worldwide, excluding China, to 10 by 2027, and cut 20,000 people, or about 15% of its total workforce.

In Japan, the Clothes Pharma plant in Yokosuka, Kanagawa Prefecture, and Nissan Motor Company’s Shonan plant in Hiratsuka, Kanagawa Prefecture, are reportedly considered for closure.

Nissan is also considering selling part of the Tochigi Prefecture plant site separately from these plants, Yomiuri said.

Nissan recorded a deficit of 670.8 billion yen (about 6.4 trillion won) in 2024. This is the third largest scale ever.