Nissan sells off its Yokohama Global HQ as part of its Re:Nissan plan

Things haven’t been rosy for Nissan in the past few years, with lots of leadership changes and financial struggles. Under its current President and CEO, Ivan Espinosa, the company has established its Re:Nissan plan, which will help the company achieve positive operating profit and free cash flow by fiscal year 2026.

So far, with a target of around 200 billion yen (roughly Php 76 billion), the company has already managed to achieve over 80 billion yen (roughly Php 30 billion), and is on track to go past 150 billion yen by the end of the fiscal year.

So what did they do? Apart from closing down and condensing plants all over the world, and engineering advancements to reduce parts complexity, the company has just sold its iconic global headquarters in Yokohama. The company will enter a 20-year leaseback agreement with the buyer, effectively turning them into a tenant into their own building all without having any impact on operations or its employees.

Now, Nissan will be shifting towards its next phase of strengthening its product-market strategy, building new products for other key markets of the world, such as the all-new Nissan Leaf and Elgrand, with more launches planned through the fiscal year 2027. We hope that this plan succeeds and that Nissan will eventually get back on track to where it was before.

^{Photos by Julian Panlilio and Sam Surla}